Stand-Alone Restructuring definition

Stand-Alone Restructuring means the transactions and reorganization contemplated by, and pursuant to, this Plan in accordance with Article IV.E of this Plan and the Restructuring Support Agreement, which shall occur on the Effective Date if the Combination Transaction Restructuring does not occur.
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Stand-Alone Restructuring means the transactions and reorganization contemplated by, and pursuant to, this Plan in accordance with Article IV.C of this Plan, which shall occur on the Effective Date.
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Stand-Alone Restructuring means the transactions and reorganization contemplated by, and pursuant to, this Plan in accordance with Article
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Examples of Stand-Alone Restructuring in a sentence

  • In a Stand-Alone Restructuring, on the Effective Date, all of the Senior Notes Claims, Existing Preferred Interests, and Existing Common Interests will be released, cancelled, and extinguished in exchange for the recoveries set forth below, including the issuance of New Common Shares pursuant to the Plan, preferred equity (if applicable), and the right to participate in the Equity Rights Offering.

  • Unless otherwise agreed to by the Requisite Consenting Creditors in their sole discretion, the Humana ROFR shall not be assumed under the Stand-Alone Restructuring Plan.2 2 For the avoidance of doubt the Total Health Agreement will not be a go-forward contract of the Reorganized Debtors.

  • In connection with the Stand-Alone Restructuring Plan, the Debtors and the Requisite Consenting Creditors shall be permitted to pursue and negotiate with any third party the terms of any Plan Sponsorship Investment (the equity distributed to such plan sponsor, the “Plan Sponsor Equity Share”), which terms and transaction shall be in form and substance acceptable to the Debtors and the Requisite Consenting Creditors.

  • The Plan shall provide for the implementation of the Combination Transaction or, alternatively, the Stand-Alone Restructuring, and shall be in form and substance reasonably acceptable to the Required Consenting Senior Noteholders, which consent shall not be unreasonably withheld.

  • The Plan shall provide that the Stand-Alone Restructuring will be implemented if, in consultation with the Required Consenting Senior Noteholders, the Company determines in good faith that the Stand-Alone Restructuring is more value-maximizing than the Combination Transaction.

  • Management Incentive Plan: In the event of a Stand-Alone Restructuring Plan, the New Board will establish a post-emergence management incentive plan (the “MIP”) under which up to [10]% of the Reorganized Equity will be reserved for issuance as awards thereunder.

  • On the Effective Date, the Revolving Credit Agreement Claims shall either be reinstated under an amended conforming revolving credit agreement, or be paid in full in Cash from: (a) if the Combination Transaction is pursued, (i) the proceeds of a new reserve-based lending facility, and/or (ii) cash proceeds from the Combination Transaction; or (b) if the Stand-Alone Restructuring is pursued, the proceeds of (i) a new reserve-based lending facility and (ii) the Equity Rights Offering.

  • In the event of a Stand-Alone Restructuring Plan, on the Effective Date, pursuant to sections 1141(b)–(c) of the Bankruptcy Code, all assets of the Debtors will vest in the Reorganized Debtors free and clear of all liens, Claims, and encumbrances.

  • If the Stand-Alone Restructuring is pursued, on the Effective Date of the Plan, pursuant to section 1141(b)-(c) of the Bankruptcy Code, all remaining operating assets of the Company will vest in the Reorganized Debtors free and clear of all liens, Claims, and encumbrances, except as otherwise provided by the Plan.

  • In the event of a Stand-Alone Restructuring Plan, the Board of Reorganized Debtors will consist of (i) the Debtors’ chief executive officer and (ii) additional members selected by the Requisite Consenting Creditors in consultation with the Debtors (the “New Board”).

Related to Stand-Alone Restructuring

  • Permitted Restructuring means the completion of: (a) an offer made by, or on behalf of, an Eligible Company to all (or as nearly as may be practicable all) of the shareholders of the Issuer (or, if the Issuer is not then the Ultimate Owner, to the shareholders of the then Ultimate Owner) to acquire the whole (or as nearly as may be practicable the whole) of the issued ordinary share capital of the Issuer (or, if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued ordinary share capital) other than those already held by or on behalf of such Eligible Company; or (b) a reorganisation or restructuring whether by way of a scheme of arrangement or otherwise pursuant to which an Eligible Company acquires all (or as nearly as may be practicable all) of the issued ordinary share capital of the Issuer (or, if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued share capital) other than those already held by such Eligible Company or pursuant to which all (or as nearly as may be practicable all) of the issued ordinary share capital of the Issuer (or if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued capital) not held by the New Holding Company is cancelled;

  • Equity Restructuring means a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

  • Pre-Closing Restructuring has the meaning specified in Section 6.14(a).

  • Permitted Tax Restructuring means any reorganizations and other activities related to tax planning and tax reorganization (as determined by the Company in good faith) so long as such Permitted Tax Restructuring is not materially adverse to the Holders of the Notes.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.