Initial Reorganization definition

Initial Reorganization means the reorganization of the Existing Borrower as described in the letter dated May 20, 1998 from the Agent and the Lenders under the Original Credit Agreement to the Existing Borrower.
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Initial Reorganization means the transactions noted as part of the Initial Reorganization in the Steps Memorandum.
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Examples of Initial Reorganization in a sentence

  • As of the date hereof, neither the Parent, Acquisition Sub nor Merger Sub has knowledge of any conditions that exist that could reasonably be expected to prevent or impede (i) the Initial Reorganization from qualifying as a reorganization within the meaning of Section 368(a)(1)(F) of the Code; or (ii) the Merger and the Subsequent Merger, taken together, from qualifying as a reorganization within the meaning of Section 368(a)(2)(D) of the Code.

  • Distributing and SVMC shall cause the Initial Reorganization to be consummated pursuant to and in accordance with the order set forth in the Steps Memorandum.

  • The proceeds of all Revolving Credit Advances outstanding on the date hereof have been used by the Borrowers to facilitate payments required in connection with the Initial Reorganization, to repay the Cohen Notes (as such term is defined in the Original Credit Ag▇▇▇▇▇nt), and for general working capital purposes not in excess of $10,000,000.

  • The parties intend that Pre-Closing Reorganization will qualify as a reorganization within the meaning of Section 368(a)(1)(F) of the Code and that the Reverse Merger and the Subsequent Merger, taken together, will qualify as a reorganization within the meaning of Section 368(a)(2)(D) of the Code, and each shall use its reasonable best efforts to cause the Initial Reorganization and the Reverse Merger and the Subsequent Merger to so qualify.