New TBS Parent definition

New TBS Parent means the new parent entity of the Reorganized Debtors to be formed prior to the Effective Date which formation shall be performed as set forth in the Implementation Memorandum. New TBS Parent shall hold 100% of the issued and outstanding common shares in Reorganized TBS Holdings Limited.
Sample 1

Examples of New TBS Parent in a sentence

  • All matters provided for in the Plan involving the entity structure of the Debtors, the Reorganized Debtors, or New TBS Parent and any entity action required by the Debtors, the Reorganized Debtors, or New TBS Parent in connection with the Plan shall be deemed to have occurred and shall be in effect without any requirement of further action by the security holders, directors, or officers of the Debtors, the Reorganized Debtors, or New TBS Parent.

  • On and after the Effective Date, the business and affairs of New TBS Parent and the Reorganized Debtors shall be managed by the New Boards and the officers, directors, managers, or other responsible persons identified in the Plan Supplement.

  • All implementation steps set forth in the Implementation Memorandum are hereby approved, including any merger, dissolution, transfer of assets, or other consolidation contemplated therein, and New TBS Parent and the Reorganized Debtors or Debtors (as applicable) are authorized to enter into and consummate all transactions in furtherance of the Plan.

  • New TBS Parent, the Released Parties and Exculpated Parties do not agree to perform, pay, or indemnify creditors or otherwise have any responsibilities for any liabilities or obligations of the Debtors or the Reorganized Debtors, whether arising before, on, or after the Confirmation Date, except as otherwise expressly provided in the Plan.

  • Section 7.11 of the Plan provides that the New Bylaws and New Articles of Association for New TBS Parent and the Reorganized Debtors shall prohibit the issuance of non-voting equity securities to the extent required by section 1123(a)(6) of the Bankruptcy Code, thereby satisfying section 1123(a)(6) of the Bankruptcy Code.(g) Selection Of Officers And Directors (11 U.S.C. § 1123(a)(7)).

  • The Debtors properly and adequately disclosed or otherwise identified the members of the New Boards of New TBS Parent and the Reorganized Debtors in the Plan Supplement.

  • The identities of the initial members of the New Boards of New TBS Parent and the Reorganized Debtors after the Effective Date of the Plan, as well as the method by which the independent members of such New Boards will be chosen, have been fully disclosed.

  • Except as otherwise expressly provided in the Plan or this Confirmation Order, none of New TBS Parent, the Released Parties or the Exculpated Parties shall be determined to be successors to any of the Debtors or to any Person for which the Debtors may be held legally responsible, by reason of any theory of law or equity, and none can be responsible for any successor or transferee liability of any kind or character.

  • On the Effective Date, the New Management Incentive Plan shall be deemed to be adopted by the Reorganized Debtors and New TBS Parent.

  • The identity of any insider that will be employed or retained by New TBS Parent or the Reorganized Debtors and the nature of such insider's compensation have also been disclosed, to the extent applicable.

Related to New TBS Parent

  • New Parent shall have the meaning assigned to such term in the definition of the term “Change in Control”.

  • SAP Parent means SAP SE, a European Company (Societas Europaea, SE) established under the laws of Germany and the European Union, registered with the commercial register of the local court of Mannheim, Germany, under HRB 719915, with registered office in Walldorf, Germany, and business address at Dietmar-Hopp-Allee 16, 69190 Walldorf, Germany.

  • Ultimate Parent means a Company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates.

  • Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

  • Parent Parties has the meaning set forth in ARTICLE V.

  • Holdco has the meaning set forth in the Preamble.

  • Acquisition Subsidiary shall have the meaning set forth in the Preamble.

  • Merger Subsidiary has the meaning set forth in the preamble to this Agreement.

  • Acquisition Sub shall have the meaning set forth in the Preamble.

  • CCI means Charter Communications, Inc., a Delaware corporation, and any successor Person thereto.

  • Initial Borrower has the meaning set forth in the preamble hereto.

  • Holdings as defined in the preamble hereto.

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

  • AcquisitionCo means Diebold Holding Germany Incorporated & Co. KGaA a German partnership limited by shares (Kommanditgesellschaft auf Aktien - KGaA) that is a Wholly Owned Restricted Subsidiary of the Company and whose general partner is the Company.

  • Acquisition Corp. shall have the meaning given to such term in the preamble to this Agreement.

  • MLP has the meaning given such term in the introduction to this Agreement.

  • OpCo has the meaning set forth in the Preamble.

  • Constellation has the meaning assigned to that term in the Recitals.

  • Seller Parent has the meaning set forth in the Preamble.

  • Ultimate Parent Company means a company which owns at least twenty six percent (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company;

  • Merger Sub has the meaning set forth in the Preamble.

  • Intermediate Holding Company means any Subsidiary of Holdings (of which Holdings, directly or indirectly, owns 100% of the issued and outstanding Equity Interests) that, directly or indirectly, owns 100% of the issued and outstanding Equity Interests of the Lead Borrower.

  • Common parent, as used in this provision, means that corporate entity that owns or controls an affiliated group