Examples of New Chemtura in a sentence
Total Enterprise Value Distributions of New Common Stock to Holders of Allowed Claims, and the establishment and maintenance of the Disputed Claims Reserve, Diacetyl Reserve and Environmental Reserve, as described below, shall be based upon, among other things, the New Chemtura Total Enterprise Value.
For purposes of distribution, the New Common Stock shall be deemed to have the value assigned to it based upon, among other things, the New Chemtura Total Enterprise Value regardless of the date of distribution.
To the extent known, the identity of the members of the New Boards of New Chemtura and of each of the Reorganized Debtors and the nature and compensation for any member of a New Board who is an “insider” under section 101(31) of the Bankruptcy Code will be identified in the Plan Supplement but, in any event, shall be disclosed at or before the Confirmation Hearing.
The New Chemtura Total Enterprise Value does not exceed $2.05 billion.
Rights” means the rights to subscribe for and acquire on the Effective Date New CommonStock in exchange for $100 million in Cash, with such subscription and acquisition to be at a price consistent with the New Chemtura Total Enterprise Value, and in accordance with the other terms and conditions of the Rights Offering as set forth in the Rights Offering Procedures.
New By-Laws” means, with respect to each Reorganized Debtor and New Chemtura, thenew by-laws of such Entity, the form of which shall be included in the Plan Supplement.
Additionally, the Plan contemplates issuing up to 100 million shares of stock in New Chemtura (which is referred to as New Common Stock), which stock will provide an additional source of recovery for holders of unsecured Claims and possibly for holders of Interests in Chemtura.
During the Report Period, B&H attorneys conferred with opposing counsel regarding scheduling and prepared for potential motion practice in both the Original Natixis Action and the Severed Natixis Action.
New Board” means, with respect to each Reorganized Debtor and New Chemtura, theinitial board of directors of such Entity appointed as of the Effective Date, the members of which shall be determined in accordance with Section 5.18.
After the Effective Date, New Chemtura and each of the Reorganized Debtors may amend and restate their respective New Certificates of Incorporation and New By-Laws and other constituent documents as permitted by the laws of their respective statesjurisdictions of incorporation and their respective New Certificates of Incorporation and New By-Laws.