Examples of Tidewater Parent in a sentence
Accordingly, the Debtors often utilize the FX Bank Process in the ordinary course of business to perform foreign currency spot trades (“FX Spot Trades”) with foreign exchange banks (each an “FX Bank” and, collectively, the “FX Banks”) to settle certain transactions between Tidewater Parent and Non-Debtor Affiliates and/or third-party vendors in foreign countries on behalf of Non-Debtor Affiliates.
Tidewater Parent is a Delaware Corporation and the direct or indirect parent of each of the other Debtors in these Chapter 11 Cases.
Tidewater Parent also owns five investment accounts ending in 2102, 2103, 2104, 2114, and 2117 maintained at UBS that hold various fixed income, equity, and short-term investment securities that can be liquidated to fund disbursements made under the SERPs (collectively, the “SERP Investment Accounts”).
Tidewater Parent, as borrower, and each of the other Debtors, as co- borrowers, are parties to that certain Fourth Amended and Restated Revolving Credit Agreement, dated as of June 21, 2013 (as amended, modified, or supplemented from time to time, the “ Credit Agreement”), with the lenders and issuing banks party thereto from time to time (the “Tidewater Lenders”), Bank of America, N.A., as administrative agent, and certain other parties thereto.
Funds required to pay the Debtors’ operational expenses are transferred from the Global Master Account: (i) directly to the ultimate payee; (ii) to other Bank Accounts owned by Tidewater Parent; or (iii) Bank Accounts owned by Debtor operating subsidiary, Tidewater Marine.
The vessels are being constructed pursuant to a contract between Tidewater Marine, L.L.C. (“ Tidewater Marine”), an operating subsidiary of Tidewater Parent, and LEEVAC Shipyards Jennings, L.L.C. (“LEEVAC”).
Specifically, the Debtors request that the Court maintain one file and one docket for all of the jointly administered cases under the case of Tidewater Parent, and that the Court administer the cases under a consolidated caption.
The Debtors also request an entry on the docket of Tidewater Parent to reflect the joint administration of the Chapter 11 Cases.
Operating expenses payable to individuals or entities not located in the same country as the obligated Corporate Operator are generally paid by Tidewater Parent, on behalf of the Corporate Operator, with funds from the Global Master Account, which are converted to the required currency via the FX Bank Process.
Digestion solution, high range: Add to about 500 ml distilled water 10.216 g K2Cr2O7 primary standard grade, previously dried at 150°C for 2 h, 167 ml conc H2SO4, and 33.3 g HgSO4 .