TNHC Reorganization definition

TNHC Reorganization means: (i) the conversion of New Home from a limited liability company to a corporation and the issuance of shares in such corporation pursuant to a public or private offering of securities, or (ii) any substantial recapitalization of New Home whereby (A) one or more new investors contribute capital to New Home and are admitted as additional members, or (B) a new partnership or limited liability company is formed wherein the constituent partners or members are New Home and one or more new investors. A TNHC Reorganization may result in control of the resulting entity residing in persons other than Xxxxxxxx Xxxx, Xxxxx Xxxxxxx, Xxxxxx Xxxxx and the other current owners of New Home.
Sample 1
TNHC Reorganization means: (a) the conversion of New Home Company from a limited liability company to a corporation and the issuance of shares in such corporation pursuant to a public or private offering of securities, or (b) any substantial recapitalization of New Home Company whereby (i) one or more new investors contribute capital to New Home Company and are admitted as additional members, or (ii) a new partnership or limited liability company is formed wherein the constituent partners or members are New Home Company and one or more new investors. A TNHC Reorganization may result in Control of the resulting entity residing in Persons other than the Individual TNHC Members and the other current owners of New Home Company.
Sample 1
TNHC Reorganization means: (a) the issuance of shares in TNHC pursuant to a public or private offering of securities, or (b) any substantial recapitalization of New Home Company whereby a new partnership or limited liability company is formed wherein the constituent partners or members are New Home Company (or the members of New Home Company) and one or more new investors, all on whatever terms may be acceptable to the current members of New Home Company. A TNHC Reorganization may result in Control of the resulting entity residing in Persons other than the current owners of New Home Company.
Sample 1

Examples of TNHC Reorganization in a sentence

  • Subject to the restrictions contained in Section 11.01 above, any TNHC Reorganization.

  • Personal use of IT communications such as e-mail and telephone is only permitted in accordance with the provisions of Article 2 paragraph 2 of these Regulations.

Related to TNHC Reorganization

  • Capital Reorganization has the meaning ascribed thereto in subsection 2.12(4);

  • Corporate Reorganization means any change in the legal existence of any Subject Entity (other than a Capital Reorganization) including by way of amalgamation, merger, winding up, continuance or plan of arrangement.

  • Pre-Acquisition Reorganization has the meaning set out in Section 6.8;

  • Pre-Closing Reorganization has the meaning set forth in the Recitals.

  • Common Share Reorganization has the meaning set forth in Section 4.1;

  • Reorganization Plan means a plan of reorganization in any of the Cases.

  • Reorganization Transaction see clause (d) of the definition of “Change of Control.”

  • Permitted Reorganization means re-organizations and other activities related to tax planning and re-organization, so long as, after giving effect thereto, the security interest of the Lenders in the Collateral, taken as a whole, is not materially impaired.

  • Reorganization Transactions shall have the meaning set forth in the recitals.

  • Internal Reorganization has the meaning set forth in the Separation Agreement.

  • Plan of Reorganization means any plan of reorganization, plan of liquidation, agreement for composition, or other type of plan of arrangement proposed in or in connection with any Insolvency or Liquidation Proceeding.

  • Reorganization Securities has the meaning set forth in Section 6.9 hereof.

  • Reorganization Cases means the cases filed by the Debtors under Chapter 11 of the Bankruptcy Code.

  • Reorganization Event has the meaning specified in Section 5.6(b).

  • Reorganization with respect to any Multiemployer Plan, the condition that such plan is in reorganization within the meaning of Section 4241 of ERISA.

  • Bank Merger Agreement has the meaning ascribed thereto in the recitals to this Agreement.

  • Reorganization Agreement has the meaning set forth in the recitals.

  • Interim Capital Transactions means the following transactions if they occur prior to the Liquidation Date: (a) borrowings, refinancings or refundings of indebtedness and sales of debt securities (other than Working Capital Borrowings and other than for items purchased on open account in the ordinary course of business) by any Group Member; (b) sales of equity interests by any Group Member (including the Common Units sold to the Underwriters pursuant to the exercise of their over-allotment option); and (c) sales or other voluntary or involuntary dispositions of any assets of any Group Member other than (i) sales or other dispositions of inventory, accounts receivable and other assets in the ordinary course of business, and (ii) sales or other dispositions of assets as part of normal retirements or replacements.

  • Cash Merger has the meaning set forth in Section 5.04(b)(ii).

  • Spinoff means a transaction in which the Transferor Plan transfers only part of its assets and/or liabilities to the Transferee Plan. The Transferee Plan may be a New Plan that is created in the Spinoff, or it may be a preexisting plan that simply receives part of the assets and/or liabilities of the Transferor Plan.

  • Merger Transaction means any merger, acquisition or similar transaction involving a recapitalization as contemplated by Rule 10b-18(a)(13)(iv) under the Exchange Act.

  • Company Merger shall have the meaning given in the Recitals.

  • M&A Transaction means (i) the consolidation of the Company with, or a merger with or into, any third party, following which the Company’s stockholders immediately prior to such transaction, will own less than 50.1% of the surviving entity or the Company, as applicable, immediately following such transaction, or (ii) an acquisition or other transfer of all or substantially all of the Company’s securities or assets.

  • Bank Merger has the meaning set forth in Section 1.03.

  • Business Combination Transaction means:

  • Merger Transactions means the Merger and the other transactions relating thereto or contemplated by the Merger Agreement.