Reverse Vesting Order definition

Reverse Vesting Order means an Order of the Court permitting the transferring and vesting out absolutely, without formal legal conveyance, all claims of General Unsecured Creditors to Newco, as contemplated under this Plan and in the Reverse Vesting Order;
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Reverse Vesting Order means an Order of the Court adding Newco as a CCAA applicant and permitting the transferring and vesting out absolutely, without formal legal conveyance, all
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Reverse Vesting Order means a reverse vesting order of the Court, substantially in the form attached hereto as Schedule “B” pursuant to which the Nominee continues to hold all of its right, title, and interest in the Lands and the Buildings, and all Claims and encumbrances against the Nominee, including all Claims and encumbrances against the Nominee’s interest in the Lands and the Buildings are vested in a new entity incorporated for that purpose.
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Examples of Reverse Vesting Order in a sentence

  • The Cash Consideration shall subsequently be transferred from the Proposal Trustee to ResidualCo pursuant to the Approval and Reverse Vesting Order, in full and final payment and satisfaction of the Purchaser’s obligations hereunder, on the Closing Date and in accordance with the Closing Sequence.

  • As soon as practicable after the date hereof, the Company shall serve and file a motion seeking the issuance of the Approval and Reverse Vesting Order.

  • Except as such representations and warranties may be affected by the occurrence of events or transactions specifically contemplated by this Agreement (including the Approval and Reverse Vesting Order), each of the representations and warranties contained in Section 4.1 shall be true and correct in all respects (subject to de minimis deficiencies): (i) as of the Closing Date as if made on and as of such date; or (ii) if made as of a date specified therein, as of such date.

  • For greater certainty, the Retained Assets shall not include the Excluded Assets or the Excluded Contracts, which the Company shall transfer to ResidualCo, in accordance with the Closing Sequence, on the Closing Date, and same shall be vested in ResidualCo pursuant to the Approval and Reverse Vesting Order.

  • The Approval and Reverse Vesting Order, in form and substance satisfactory to each of the Parties acting reasonably, shall have been issued and shall have become a Final Order.

  • This Agreement has been duly executed and delivered by the Company and constitutes a legal, valid and binding obligation of the Company, enforceable against it in accordance with its terms subject only to the Approval and Reverse Vesting Order.

  • Member-Consumers wishing to participate in the Buy-All/Sell-All program shall submit a completed Buy-All/Sell-All application and the $100 application fee to the Cooperative for review.

  • Except as such representations and warranties may be affected by the occurrence of events or transactions specifically contemplated by this Agreement (including the Approval and Reverse Vesting Order), each of the representations and warranties contained in Section 4.2 shall be true and correct in all material respects: (i) as of the Closing Date as if made on and as of such date; or (ii) if made as of a date specified therein, as of such date.

  • The Company will promptly inform counsel for the Investor of any and all threatened or actual objections to the motion for the issuance of the Approval and Reverse Vesting Order, of which it becomes aware, and will promptly provide to the Investor a copy of all written objections received.

  • This Agreement has been duly executed and delivered by the Investor and constitutes a legal, valid and binding obligation of such Investor, enforceable against it in accordance with its terms except in each case as such enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or similar laws now or hereafter in effect relating to creditors’ rights generally or general principles of equity and subject only to the Approval and Reverse Vesting Order.

Related to Reverse Vesting Order

  • Approval and Vesting Order means an order of the Court issued in the CCAA Proceedings, substantially in the form of Schedule “A”, approving the transactions contemplated by this Agreement and vesting in the Purchaser all of the Vendors’ right, title and interest in and to the Purchased Assets free and clear of all Encumbrances.

  • Non-Vested Shares means any portion of the Restricted Stock subject to this Agreement that has not become vested pursuant to this Section 2.

  • Initial Vesting Date means the date occurring one (1) year after the Date of Option Grant.

  • Automatic firearm means any firearm designed or specially adapted to fire a succession of cartridges with a single function of the trigger.

  • Normal Vesting Date means the date on which an Award Vests under Rule 6.1 (Timing of Vesting: Normal Vesting Date), in the absence of an Early Vesting Date;