Newco 2 definition

Newco 2 means a Restricted Subsidiary that is a wholly-owned, direct subsidiary of NewCo 1.

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Newco 2. Has the meaning given in Recital (D).

Newco 2 shall have the meaning set forth in the preamble.

Examples of Newco 2 in a sentence

• Such loan notes shall be transferred by Equitix Holdco to Aqueduct Newco 2 Limited, an indirectly wholly-owned subsidiary of Bidco (the “KKR Investor”), in consideration for the KKR Investor procuring the issuance of the AssetCo Issuance Shares to Equitix Holdco.

• In the event that the Members’ Scheme lapses and the Creditors’ Scheme becomes effective, then Newco 1 and Newco 2 (or, if applicable, the relevant representative member of their VAT group) shall pay such VAT as hereinafter provided.

• A credit is obtained for the purposes of this clause on the date on which the Parent, Newco 1 or Newco 2 (or, if applicable their representative member, as the case may be) submits a VAT return on which such credit is claimed.

• The Parent (or, in the event that the Members’ Scheme lapses and the Creditors’ Scheme becomes effective, Newco 1 and Newco 2 (or, if applicable, the representative member of their VAT group)) shall use all reasonable endeavours to obtain such VAT repayment or credit as soon as possible after receipt of the VAT invoice referred to above.

• Effective as of immediately following the contribution of the Newco 1 Equity Interests to Newco 2 as required by Section 1.4 hereof and contemporaneously with the receipt by Newco 2 of the consideration set forth in Section 1.7 hereof, Newco 2 shall, by virtue of this Agreement and without any further action by any party, contribute, transfer, assign and convey to Transferee, as a capital contribution, all of the Newco 1 Equity Interests, free and clear of any Liens and Encumbrances.

More Definitions of Newco 2

Newco 2 has the meaning specified in the Recitals.

Newco 2 means BHI Newco, Inc., a Delaware corporation.

Newco 2 means Alon Pipeline Logistics, LLC, a Delaware limited liability company.

Newco 2 means an English or Scottish public limited company to be incorporated or acquired from company formation agents which will have as part of its issued share capital one special rights redeemable preference share of £1 having substantially similar rights as the existing special rights redeemable preference share in the capital of the Parent or (i) such lesser rights as HMG may require in order to comply with EU law as interpreted by the European Court of Justice; and/or (ii) such lesser rights, without adversely affecting the rights of ordinary shareholders, as HMG may reasonably require.

Newco 2 has the meaning given to it in the Creditor Restructuring Agreement;

Newco 2 means the Subsidiary to be created by the Company and which shall enter into Shipbuilding Contract 2 and purchase New-Build 2.

Newco 2 means Endo Operations Limited (previously known as Operand Pharmaceuticals III Limited), a private company limited by shares incorporated and tax resident in Ireland (Registration Number: 731366) formed for the purposes of acquiring the business of Endo Ventures Unlimited Company.