Reorganized Debtor Common Stock Creditor Distribution definition

Reorganized Debtor Common Stock Creditor Distribution means the pro-rata distribution of Reorganized Debtor Common Stock to specified Creditors of the Debtors under the Plan as follows: (i) in the event of and upon the consummation of the Business Combination, an undetermined amount and portion of the total shares issued in connection with and pursuant to the terms of the Business Combination,2 or (ii) in the event that no Business Combination is consummated, all of the shares of the Reorganized Debtor Common Stock. The Reorganized Debtor Stock Creditor Distribution shall be calculated by first giving full value to the Creditor Proponent DIP Claim, which is fully secured, and then pro rata among the Creditor Proponent § 503(b) Claim and then to the Class 4 Noteholder Unsecured Claims. The Claims of Class 4 Noteholders who are not Creditor Proponents shall receive the same treatment in Class 4 as the Creditor Proponent Noteholder Class 4 Claims. The Reorganized Debtor Common Stock Creditor Distribution shall be exempt from all registration requirements pursuant to Bankruptcy Code § 1145.
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Examples of Reorganized Debtor Common Stock Creditor Distribution in a sentence

  • The Reorganized Debtor Common Stock Creditor Distribution shall be exempt from registration under the Securities Act and any state or local law pursuant to Bankruptcy Code § 1145.

  • The Incidence and Characteristics of “No Money Down” Bankruptcy The vast majority of people who file bankruptcy do so with the assistance of an attorney.

  • The power of the directors and officers of the Reorganized Debtor, however, is limited to and they are hereby directed to take all steps necessary to (i) maintain the public corporate existence of the Reorganized Debtor, (ii) consummate the Business Combination and (iii) effectuate the Reorganized Debtor Common Stock Creditor Distribution.

  • Upon the consummation of the Business Combination, the Reorganized Debtor shall issue the Reorganized Debtor Common Stock and distribute same pursuant to the Reorganized Debtor Common Stock Creditor Distribution and pursuant to the terms of the Business Combination and the transaction documents entered into with regard to the Business Combination.

  • Either upon the consummation of the Business Combination or in the event that there is no Business Combination, the Reorganized Debtor shall issue and distribute the Reorganized Debtor Common Stock pursuant to the Reorganized Debtor Common Stock Creditor Distribution.

  • Under the Plan, the Creditor Proponents are waiving cash distributions on their secured, administrative and general unsecured claims and will receive instead the Reorganized Debtor Common Stock Creditor Distribution, whether or not there is a Business Combination.

  • Thereafter, Reorganized Debtor Common Stock authorized under IMG’s certificate of incorporation and by-laws shall be issued in connection with the Reorganized Debtor Common Stock Creditor Distribution pursuant to the terms thereof and in connection with the Business Combination, if any, and the terms of any transaction documents of the Business Combination.

  • Thereafter, Reorganized Debtor Common Stock authorized under IMG’s certificate of incorporation and by-laws shall be issued in connection with the Reorganized Debtor Common Stock Creditor Distribution pursuant to the terms thereof and in connection with the Business Combination, if any, and the transaction documents of the Business Combination.

  • The Reorganized Debtor shall issue and distribute the Reorganized Debtor Common Stock pursuant to the Reorganized Debtor Common Stock Creditor Distribution.

  • The Confirmation Order shall include a finding and conclusion, binding upon all parties to the Bankruptcy Case, the Debtors, the Reorganized Debtor, the Disbursing Agent, the SEC and all other federal, state and local regulatory enforcement agencies, to the effect that the offer and issuance of the Reorganized Debtor Common Stock Creditor Distribution fall within the exemption(s) from registration under the Securities Act and any state or local law pursuant to Bankruptcy Code § 1145.

Related to Reorganized Debtor Common Stock Creditor Distribution

  • Reorganized Debtor means a Debtor, or any successor or assign thereto, by merger, consolidation, reorganization, or otherwise, in the form of a corporation, limited liability company, partnership, or other form, as the case may be, on and after the Effective Date.

  • Reorganized Debtors means the Debtors on and after the Effective Date.

  • Parent Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of Parent.

  • Class C Common Stock means the Class C Common Stock, par value $0.01 per share, of the Company.

  • SpinCo Common Stock means the common stock, par value $0.01 per share, of SpinCo.

  • Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of the Company.

  • Reorganized means, with respect to the Debtors, any Debtor or any successor thereto, by merger, consolidation or otherwise, on or after the Effective Date.

  • Class A Common Shares means shares of the Class A Common Stock, par value $.01 per share, of the Company.

  • Parent Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of Parent.

  • Reorganized Company means the Company, as reorganized pursuant to and under the Plan, on and after the Effective Date, or any successor or assign thereof.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Junior Stock means the Corporation’s common stock and any other class or series of stock of the Corporation hereafter authorized over which Series I Preferred Stock has preference or priority in the payment of dividends or in the distribution of assets on any liquidation, dissolution or winding up of the Corporation.

  • Senior Stock means any class or series of stock of the Company now existing or hereafter authorized which has preference or priority over the Series AA Preferred Stock as to the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.

  • Class A Common Units means the Company's Class A Common Units.

  • Plan Distribution means a payment or distribution to Holders of Allowed Claims, Allowed Interests, or other eligible Entities under and in accordance with the Plan.

  • Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of the Company.

  • Newco Common Stock means the common stock, par value $.01 per share, of Newco.

  • Company Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of the Company.

  • Capital Distribution means, with respect to any Person, a payment made, liability incurred or other consideration given for the purchase, acquisition, repurchase, redemption or retirement of any Equity Interest of such Person or as a dividend, return of capital or other distribution in respect of any of such Person’s Equity Interests.

  • Class B Common Shares means shares of the Class B Common Stock, par value $.01 per share, of the Company.

  • Subordinated Unit means a Limited Partner Interest having the rights and obligations specified with respect to Subordinated Units in this Agreement. The term “Subordinated Unit” does not include a Common Unit. A Subordinated Unit that is convertible into a Common Unit shall not constitute a Common Unit until such conversion occurs.

  • Allowed Secured Claim means an Allowed Claim secured by a Lien, security interest, or other charge against or interest in property in which the Debtor has an interest or that is subject to setoff under Section 553 of the Bankruptcy Code, to the extent of the value (as specified in the Plan, or if no value is specified, as determined in accordance with Section 506(a) of the Bankruptcy Code) of the interest of a holder of such Allowed Claim in the Debtor's interest in such property or to the extent of the amount subject to such setoff, as the case may be.

  • Allowed Unsecured Claim means all or that portion of an Unsecured Claim which is an Allowed Claim.

  • Subordinated Claim means a Claim of the kind described in sections 726(a)(3) or 726(a)(4) of the Bankruptcy Code and/or Claims subordinated under sections 510(b) or 510(c) of the Bankruptcy Code.

  • Series A Common Stock means the Series A Common Stock, par value $0.01 per share, of the Company.

  • Parent Common Stock means the common stock, par value $0.01 per share, of Parent.