Examples of New Common Equity in a sentence
All of the shares of New Common Equity issued pursuant to the Plan shall be duly authorized, validly issued, fully paid, and non-assessable.
Each distribution and issuance of the New Common Equity under the Plan shall be governed by the terms and conditions set forth in the Plan applicable to such distribution, issuance, and/or dilution, as applicable, and by the terms and conditions of the instruments evidencing or relating to such distribution, issuance, and/or dilution, as applicable, including the New Organizational Documents, which terms and conditions shall bind each Entity receiving such distribution of the New Common Equity.
On the Effective Date, the New Common Equity shall be issued and distributed to the Entities entitled to receive the New Common Equity pursuant to the Plan.
All of the New Common Equity issued under the Plan shall be duly authorized, validly issued, fully paid, and non-assessable.
The issuance of New Common Equity shall be authorized without the need for any further corporate action and without any action by the Holders of Claims or other parties in interest.