Basic Parent definition

Basic Parent means Basic Energy Services, Inc., a Delaware corporation.
Sample 1Sample 2Sample 3
Basic Parent means Basic Energy Services, Inc., a Delaware corporation. “Bid Deadline” has the meaning set forth in the Bid Procedures.
Sample 1

Examples of Basic Parent in a sentence

  • The Parties acknowledge that Buyer Parent and Basic Parent previously executed the Confidentiality Agreement.

  • In the absence of the Chairman of the Board and the Vice Chairman of the Board, the President shall preside at all meetings of the shareholders and of the Board of Directors at which he shall be present.

  • Basic Parent has agreed to use its reasonable best efforts to list the New Common Shares on a nationally recognized exchange as soon as practicable, subject to meeting the applicable listing requirements following the Effective Date.

  • The gross amount of any distribution of cash or property made to a U.S. Holder with respect to New Common Shares generally will be includible in gross income by a U.S. Holder as dividend income to the extent such distribution is paid out of current or accumulated earnings and profits of Reorganized Basic Parent, as determined under U.S. federal income tax principles.

  • On the Effective Date, Reorganized Basic Parent is authorized to issue or cause to be issued and will issue the New Common Shares for distribution in accordance with the terms of the Prepackaged Plan and the New Shareholders Agreement without the need for any further corporate or shareholder action.

  • Pursuant to the Prepackaged Plan, holders of Unsecured Notes Claims will receive New Common Shares and Subscription Rights in complete and final satisfaction of their respective Unsecured Notes Claims.The U.S. federal income tax consequences of the Prepackaged Plan to a U.S. Holder of Unsecured Notes Claims depends, in part, on whether the holder’s Claim constitutes a “security” of Basic Parent for U.S. federal income tax purposes.

  • This is significantly higher than the midpoint equity value (post conversion of the New Convertible Notes) of $390.6 million, as determined by Moelis & Company.WHERE TO FIND ADDITIONAL INFORMATION: Basic Parent currently files annual reports with, and furnishes other information, to the SEC.

  • Subject to the approval of the Board of Directors of Basic Parent (the “Board”), the Debtors anticipate filing voluntary petitions for relief under chapter 11 in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) on or about October 25, 2016, which is during the solicitation period.

  • There can be no assurance as to whether or not shares will be delisted upon or after filing of the Prepackaged Plan or whether the New Common Shares of Reorganized Basic Parent will be listed upon or after the Effective Date of the Prepackaged Plan.

  • The Parties acknowledge that Parent and Basic Parent previously executed the Confidentiality Agreement.

Related to Basic Parent

  • Ultimate Parent means a Company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates.

  • In loco parentis means relating to the responsibility to undertake the care and control of another person in the absence of:

  • Birth parent means the child's biological parent and, for purposes of adoptive placement, means

  • Minor parent means an individual under the age of 18 who is not emancipated under 1968 PA 293, MCL 722.1 to 722.6, and who is either the biological parent of a child living in the same household or a pregnant woman.

  • lone parent means a person who has no partner and who is responsible for and a member of the same household as a child or young person;

  • Domestic partners means two adults who have registered as

  • Domestic partnership means an association of two or more persons to carry on as co-owners a

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Minority group member means a United States citizen or permanent resident alien who is and can demonstrate membership in one of the following groups:

  • Non-Administrator Ambulatory Surgical Facility means an Ambulatory Surgical Facility which does not meet the definition of an Administrator Ambulatory Surgical Facility.

  • DCYF or the “Division” means the Department of Health and Human Services’ Division for Children, Youth and Families.

  • Domestic Partner means an opposite or a same-sex partner who is at least 18 years of age and has met all of the following requirements for at least 6 months:

  • Ultimate Parent Entity means a Constituent Entity of an MNE Group that meets the following criteria:

  • Co-pilot means a pilot operating other than as pilot-in-command, on an aircraft for which more than one pilot is required, but excluding a pilot who is on board the aircraft for the sole purpose of receiving flight instruction for a licence or rating.

  • Natural parent means a minor's biological or adoptive parent, and includes the minor's noncustodial parent.

  • Subrecipient Parent DUNS Number means the subrecipient parent organization’s 9-digit Data Universal Numbering System (DUNS) number that appears in the subrecipient’s System for Award Management (SAM) profile, if applicable.