PNI Board definition
PNI Board means the board of directors of PNI.
PNI Board means the board of directors of PNI. This binding Recapitalization Transaction Term Sheet (the “Term Sheet”) sets out the principal terms of the agreement between Postmedia Network Canada Corp. (the “PNCC”) and Postmedia Network Inc. (“PNI”, and together with PNCC, the “Company”), on one hand, and the Second Lien Noteholder Supporting Parties, on the other hand, regarding the recapitalization (the “Recapitalization Transaction”) of certain indebtedness of PNCC, PNI and each of their respective co-obligors (collectively, the “Postmedia Entities”) to be implemented pursuant to a Plan of Arrangement (the “Plan”) under section 192 of the Canada Business Corporations Act (the “CBCA”). The Company and the Second Lien Noteholder Supporting Parties shall collectively be referred to herein as the “Parties”. The Parties will negotiate in good faith definitive documentation with respect to the Recapitalization Transaction and such definitive documentation shall set forth in greater detail the terms and conditions contained in this Term Sheet.
Examples of PNI Board in a sentence
Name of Supporting Shareholder [SUPPORTING SHAREHOLDER NAME REDACTED] By: [REDACTED] Name: [REDACTED] Title: [REDACTED] [REDACTED] “Boards” means, collectively, the PNCC Board and the PNI Board.