Examples of New Holding Companies in a sentence
In exchange for their Allowed Claims, the majority of the Debtors’ unsecured creditors (as described more fully below) will receive a Pro Rata Share of a new Shari’ah compliant Sukuk facility (the “Sukuk Facility”), which will be on the terms described below and in the Exhibits attached hereto, substantially all of the equity of the New Holding Companies and certain warrants issued by New Arcapita Topco (as defined below).
The New Holding Companies will own, directly or indirectly, 100% of the Debtors’ assets.
On the Effective Date, certain of the New Holding Companies and/or certain of the Reorganized Debtors (other than Falcon) will enter into the Sukuk Facility.
The New Board of New Arcapita Topco will be ultimately responsible for the management of New Arcapita Topco, the New Holding Companies and the Reorganized Debtors.
In December 1999, the Company and the other companies that participate in the SISTEL plan reached an agreement to withdraw the active participants to the pension plan and establish a new plan for each of the New Holding Companies.
New Holding Companies and the Reorganized Debtors will be identified in the Plan Supplement, together with their respective biographical information.
Falcon has disclosed the identities of the initial members of its New Board, as well as the officers, directors, managers, or other responsible persons with respect to the New Holding Companies and the Reorganized Debtors after the Effective Date of the Plan as to Falcon (the “Falcon Effective Date”).
The inactive employees of all of the New Holding Companies that participated in the SISTEL defined benefit pension plan will remain as part of the multiemployer plan in SISTEL.
To the extent applicable to Falcon, any transaction contemplated by the Implementation Memorandum and/or the Cooperation Settlement Term Sheet may be effected prior to, on or subsequent to the Falcon Effective Date without any further action by Holders of Interests or the directors, managers or other responsible persons of any of Falcon, Reorganized Falcon, the Reorganized Debtors, or the New Holding Companies.
The New Holding Companies and the New Operating Company shall be single member limited liability companies treated as disregarded entities for U.S. federal Income Tax purposes.