Emergence definition

Emergence means the effective date of a Plan of Reorganization confirmed in the Chapter 11 proceedings.

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Emergence means consummation by the Corporation of (i) a plan of reorganization under the Bankruptcy Code (the “Plan”) or (ii) a sale of all or substantially all of the Corporation’s assets pursuant to section 363 of the Bankruptcy Code. The Additional 2007 EIC Payment shall be paid in common stock (“Common Stock”) of the reorganized Corporation on the 2007 EIC Payment Date.

Emergence shall occur when a plan of reorganization that is confirmed by the Bankruptcy Court becomes effective or the Company otherwise emerges from Chapter 11, as a result of which the business of the Company is maintained on an ongoing basis, whether maintained by the Company, the debtor in possession or by an entity that has acquired all or substantially all of the Company's or debtor in possession's assets.

Examples of Emergence in a sentence

• Notwithstanding anything to the contrary herein, the Designated Entities shall not be included in determining whether an Event of Default under clause (e), (f), (g) or (h) of Section 8.01 has occurred or is continuing to the extent related to, arising from, or in connection with the Staggered Emergence.

• For the avoidance of doubt, if the Borrower undertakes the Staggered Emergence, then the computation for so long as a Designated Entity is not a Restricted Subsidiary shall be calculated as if such Designated Entity had been disposed of at the beginning of the reference period.

• Beyond the spectral Standard Model: Emergence of Pati-Salam unification.

• The exact number of Stock Options granted ten days following the Emergence Date shall be determined based upon a Black-Scholes or other valuation model, using reasonable assumptions as determined in good faith by the Compensation Committee of the Board.

• The exact number of Stock Options granted 45 days after the Emergence Date shall be determined based upon a Black-Scholes or other valuation model, using reasonable assumptions as determined in good faith by the Compensation Committee of the Board.

More Definitions of Emergence

Emergence means the date on which the effective date of the Plan occurs in accordance with its terms.

Emergence means the effective date of the Reorganization Plan. ---------

Emergence means that the aggregate exceeds the sums of individual capabilities within a system.

Emergence of “new” patterns … means that this larger structure will possess certain general or abstract features which will recur independently of the particular values of the individual data, so long as the general structure … is preserved. (Hayek [1964] 2014: 261- 62.)

Emergence the point at which the water over eggs in Redds at ▇▇▇▇▇▇▇ Bar or other areas designated in Exhibit A have accumulated 1,000 (°C) Temperature Units after the Initiation of Spawning.

Emergence shall occur when a plan of reorganization that is confirmed by the Bankruptcy Court becomes effective, as a result of which the business of Mirant is maintained on an ongoing basis, whether maintained by Mirant, the reorganized debtor or by an entity that has acquired all or substantially all of Mirant's or the debtor in possession's assets. Executive shall also be eligible to receive an additional cash payment in an amount equal to Executive's then-current Annual Base Salary subject to the same terms and conditions as are applicable to Mirant's Chief Executive Officer and Management Council for receipt of bonuses under Mirant's Key Employee Retention Program as may be approved by the Bankruptcy Court.

Emergence has the meaning specified in the third recital hereto.