Examples of Allen Entities in a sentence
There shall be no restrictions on the Allen Entities’ ability to liquidate or sell CII following consummation of the Plan; provided, that CII shall have transferred all interests in Reorganized Holdco to one or more Allen Entities (or to Reorganized CCI pursuant to the Reorganized Holdco Exchange Agreement) prior to or as part of such liquidation or sale as provided in the Reorganized Holdco LLC Agreement.
Shares of New Class A Stock shall be issued to (a) participants in the Rights Offering, (b) Equity Backstop Parties upon the exercise of the Overallotment Option (if exercised), (c) Holders of Claims with respect to CCH I Notes, (d) the Allen Entities upon exchange of their Reorganized Holdco equity pursuant to the Reorganized Holdco Exchange Agreement, (e) holders of Warrants upon exercise of such Warrants, and (f) holders of equity-based awards issued under the Management Incentive Plan.
ALLEN ENTITIES SETTLEMENT: The Plan shall incorporate a compromise and settlement under Rule 9019 of the Federal Rules of Bankruptcy Procedure by and between the Debtors (other than CII) and the Allen Entities that fully resolves any and all legal, contractual and equitable rights, claims and remedies between such parties in exchange for the consideration to be given to such parties as described in this Term Sheet and the attachments hereto.
For the avoidance of doubt, Intercompany Claims, CCH I Claims and CIH Claims held by the Allen Entities shall be treated identical to similar Claims held by persons other than the Allen Entities, but not rights in the CC VIII Preferred Units, which shall be treated as described above, and except as specifically provided otherwise herein.
Each share of New Class B Stock shall be entitled to a fixed number of votes such that the aggregate number of votes attributable to the shares of New Class B Stock held by the Allen Entities shall equal 35% of the combined voting power of the New Common Stock.
Allen ("Allen"); (2) the estate of Allen, any trust created as a result of the death of Allen, or any organization qualified under Section 501(c)(3) of the Internal Revenue Code that is the beneficiary of Allen upon his death; (3) any entity controlled by Allen Entities; and (4) any trust in which Allen is a trustee and owns more than 50% of the beneficial interest.
New Class B Stock shall be subject to significant transfer restrictions (it being understood that New Class A Stock issued to the Allen Entities upon exercise of warrants and exchange of Holdco interests issued to the Allen Entities as part of the Allen Entities Settlement shall not be subject to contractual transfer restrictions).
The Debtors (other than CII) shall pay (i) the reasonable, documented out-of-pocket fees and expenses incurred by the members of the Committee in connection with the negotiation of the proposed restructuring, their due diligence review and the approval and consummation of the transactions contemplated by this Term Sheet, and (ii) up to$20 million to the Allen Entities for their fees and expenses in connection with the proposed restructuring (this clause (ii), the “Allen Fee Reimbursement”).
Each share of New Class B Stock shall be convertible into one share of New Class A Stock at the option of the holder or, following September 15, 2014 (the “Lock- Up Date”), the members of the Board of Directors (as defined below) nominated by stockholders other than the Allen Entities.
Allen, Jr.(collectively the Allen Entities) contend that this court lacks jurisdiction over the Order Confirming Sale and the Order Denying Motions for Declaratory Relief and Summary Judgment.