New Common Stock definition

New Common Stock means shares of Common Stock and/or securities convertible into, and/or other rights exercisable for, Common Stock, which are offered or sold in a New Transaction.

New Common Stock means the shares of new common stock of the Company issued on and after the effective date of the Amended Plan and any additional shares of common stock paid, issued or distributed in respect of any such shares by way of a stock dividend, stock split or distribution, or in connection with a combination of shares, recapitalization, reorganization, merger or consolidation, or otherwise.

New Common Stock means the shares of common stock, par value $0.01 per share, of the Company issued pursuant to the Plan.

Examples of New Common Stock in a sentence

• Such Holder will realize gain or loss in an amount equal to the difference between the Holder’s adjusted tax basis in its Claim surrendered in the exchange, determined immediately prior to the Effective Date, and the sum of (i) the fair market value of the Holder’s share of Trust Assets, (ii) the issue price of the Holder’s interest in the New Senior Secured Term Loan, (iii) the fair market value of the New Common Stock (and where applicable New Warrants), and (iv) the amount of Cash received.

• If a U.S. Holder receives both New Common Stock and New Warrants in exchange for its Claim, such basis will be allocated between the New Common Stock and the New Warrants in proportion to their relative fair market values on the date received.

• A U.S. Holder’s holding period in the New Common Stock and any New Warrants will include the holding period in its Claim surrendered.

• A U.S. Holder’s tax basis in the New Common Stock and any New Warrants received in exchange for its Claim will equal its adjusted tax basis in its Claim, increased by the amount of gain recognized on the exchange, if any, and reduced by the sum of (i) the fair market value of the U.S. Holder’s interest in the New Senior Secured Term Loan, (ii) the fair market value of the Holder’s share of Trust Assets, if any, and (iii) the amount of Cash received as part of the exchange.

• A U.S. Holder’s tax basis in its share of Trust Assets, if any, and any New Common Stock (and where applicable, New Warrants) received in the exchange, will equal the fair market value of such assets on the date received.

More Definitions of New Common Stock

New Common Stock means the common stock of Reorganized Frontier to be issued on the Effective Date.

New Common Stock means the common equity in Reorganized Holdings to be authorized, issued or reserved on the Effective Date pursuant to the Plan, which shall constitute all of the direct or indirect common equity of Reorganized Holdings.

New Common Stock means the common stock, limited liability company membership units, or functional equivalent thereof of Reorganized iQor to be issued on the Effective Date.

New Common Stock means the common stock in the Reorganized Debtor to be authorized, issued, or outstanding on the Effective Date, which collectively shall constitute all equity interests in the Reorganized Debtor.

New Common Stock means a certain number of common shares in the capital of New Chemtura authorized pursuant to the Plan, of which up to 100 million shares shall be initially issued and outstanding pursuant to the Plan as of the Effective Date.

New Common Stock means the common stock of the Company as a reorganized debtor, par value $0.01 per share.

New Common Stock means common stock, $0.001 par value per share, of the Company following the Effective Date. For purposes of Article V hereof, references to "shares of New Common Stock" shall be deemed to include shares of any other class of stock resulting from successive changes or reclassifications of the New Common Stock consisting solely of changes in par value or from no par value to par value and vice versa.