Boot Purge definition
Examples of Boot Purge in a sentence
This Agreement, together with the Ancillary Agreements and other documents implementing the Contribution, Distribution, Equity-for-Debt Exchange and Boot Purge, is intended to be, and is hereby adopted as, a “plan of reorganization” within the meaning of Treas.
This Agreement, together with the Ancillary Agreements and other documents implementing the Contribution, Distribution, and Boot Purge, is intended to be, and is hereby adopted as, a “plan of reorganization” within the meaning of Treasury Regulations Section 1.368-2(g).
The Parties acknowledge and agree that LICT intends to complete the Boot Purge within thirty (30) days following the date of the Distribution by using the Cash Proceeds to distribute to its stockholders and/or to repay or repurchase certain of its debt from third-party lenders, and to dispose of any Retained SPINCO Common Stock not later than five (5) years after the Distribution.