Covia definition
Examples of Covia in a sentence
Reorganized Covia shall issue equity (the “Reorganized Covia Equity”) on the Restructuring Effective Date to the Term Loan Lenders, the holders of Swap Agreement Claims and holders of General Unsecured Claims in the amounts set forth below.
Covia Finance Company LLC Covia Holdings Corporation Covia Specialty Minerals Inc.
Upon the Repurchase Closing Date, the Company shall pay the repurchase price for the Repurchase Shares pursuant to this Section 13 by delivery of a check or wire transfer of funds in the aggregate amount of the repurchase price for such Repurchase Shares; provided, however, that in the event that United or Covia is indebted to the Company for any sums, the total of such sums may be offset by the Company.
There are no options, warrants, convertible securities or other rights, agreements, arrangements or commitments of any character obligating United, Covia or any Affiliate thereof to issue or sell any Partnership Interests or any other interest in the Partnership.
This term sheet (the “Term Sheet”) summarizes the proposed management employment contracts for Covia Holdings Corporation (the “Company”).
Regulatory Requirements All parties shall abide by, and use their reasonable best efforts to obtain, any regulatory and licensing requirements or approvals to consummate the Restructuring as promptly as practicable including, but not limited to, requirements or approvals that may arise as a result of such party’s equity holdings in Reorganized Covia.
Upon consummation of the transactions contemplated by Article II, the Purchaser will acquire from Covia 77% of the Partnership Interests free and clear of all Encumbrances (other than Encumbrances created by the Purchaser).
The remaining personnel used to load a shot will be Union Employees of Covia.
The execution and delivery of this Agreement by United and Covia, the performance by United and Covia of their respective obligations hereunder and the consummation by United and Covia of the transactions contemplated hereby have been duly authorized by all requisite action on the part of United and Covia.
The purchase price for the Covia Partnership Interest, the USAM Partnership Interest and the Resnet Partnership Interest shall be $700 million in the aggregate (the "Purchase Price") to be paid in cash pro rata to Covia, USAM and Resnet in accordance with their respective Partnership Interests in the Partnership.