Examples of Newco Holding in a sentence
Such restructuring may include one or more mergers, consolidations, dispositions, liquidations, or dissolutions, as may be determined by Newco Holding LLC or the Reorganized Residential Debtors to be necessary or appropriate.
Neither Newco Holding LLC nor any Reorganized Residential Debtor shall (a) have any liability on account of any Allowed Claim, or (b) have any obligation to any Person to make distributions to any holder of an Allowed Claim pursuant to this Plan, except as may be specifically set forth in the Purchase Agreement.
Except as specifically provided in the Purchase Agreement, Newco Holding will not (a) have any liability on account of any Allowed Claim or (b) have any obligation to any Person to make distributions to any holder of an Allowed Claim pursuant to the Plan.
As of the Effective Date, all property of the Reorganized Residential Debtors, including the Reorganized Residential Debtors' Common Stock held by Newco Holding LLC, will be free and clear of all Claims, encumbrances, Equity Interests, charges and Liens except as specifically provided in the Purchase Agreement.
Under the Plan, the Purchased Assets will be sold, transferred and conveyed to Newco Holding and, in exchange, the Buyer will pay the Purchase Price in accordance with the terms of the Purchase Agreement.