Equitization Restructuring definition
Equitization Restructuring means the transactions and reorganization contemplated by, and pursuant to, this Plan under which the New SRHI Interests are distributed, among other things.
Equitization Restructuring means the transactions and reorganization contemplated by and pursuant to the Plan under which, among other things, the New Units are distributed, which shall occur if the Agent exercises the Plan Toggle Right in accordance with the Bid Procedures and elects to implement an Equitization rather than an Asset Sale Restructuring and, subsequent to the Agent’s exercise of the Plan Toggle Right the Agent does not elect for the Debtors to pursue an alternative bid.
Equitization Restructuring means the transactions contemplated by this Term Sheet that will occur if the Company does not pursue the Toggle Restructuring.
Examples of Equitization Restructuring in a sentence
If the Company effectuates the Equitization Restructuring, each holder of an Allowed Unsecured Notes Claim shall receive its Pro Rata share of: (a) All New Common Equity not distributed to holders of Allowed Existing Equity Interests electing to receive New Common Equity, subject to dilution by the Equity Rights Offering, the Backstop Equity Premium, and the MIP; and (b) 100% of the Unsecured Notes Rights.
More Definitions of Equitization Restructuring
Equitization Restructuring means the transactions and reorganization contemplated by, and pursuant to, this Plan in accordance with Article IV.E of this Plan, under which the New Common Stock is distributed, among other things, which shall occur on the Effective Date if the Asset Sale Restructuring does not occur.
Equitization Restructuring means the restructuring transaction pursuant to the Plan, pursuant to which, among other things, the Initial Plan Sponsors shall receive 100% of the New Common Stock in exchange for the Equitized Claims.
Equitization Restructuring means any Transaction whereby the New Pier 1 Interests are distributed to holders of existing Term Loan Claims pursuant to the Plan.
Equitization Restructuring means the transactions and reorganization contemplated by, and pursuant to, this Plan in accordance with Article IV.E of this Plan, under which the New PES Interests are distributed, among other things.
Equitization Restructuring shall have the meaning set forth in the Restructuring Term Sheet.