Weatherford Parent definition

Weatherford Parent means Weatherford International plc, an Irish public limited company, as debtor-in-possession in these Chapter 11 Cases.
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Weatherford Parent means Weatherford International plc, an Irish public limited company, as debtor-in-possession in these Chapter 11 Cases. ARTICLE II. ADMINISTRATIVE, DIP FACILITY, AND PRIORITY TAX CLAIMS
Sample 1
Weatherford Parent means Weatherford International plc, an Irish public limited company.
Sample 1

Examples of Weatherford Parent in a sentence

  • On the Distribution Record Date, the Claims Register (and the Debtors’ books and records with respect to the Holders of Equity Interests in Weatherford Parent) will be closed.

  • For the avoidance of doubt, Weatherford Bermuda and Weatherford Delaware may make payments on behalf of Weatherford Parent that would otherwise be considered prepetition claims of Weatherford Parent in the Irish Scheme of Arrangement so long as such payments are in the ordinary course of business and otherwise in accordance with the terms of this Plan and the DIP Orders.

  • Because Weatherford Parent is an Irish incorporated entity, it would generally be classified as a foreign corporation under these rules.

  • In such circumstances, no dividends, other distributions, share repurchases or redemptions will be permitted under Irish law until such time as Weatherford Parent has generated sufficient profits available for distribution from its business activities or, to the extent possible, reorganized its capital structure to create such profits.

  • A shareholder or creditor should not be unfairly prejudiced and a class of shareholders or creditors should not be considered to have been treated unfairly or inequitably if that party’s treatment approximates to, or is better than, the manner in which such party would be treated in a liquidation of Weatherford Parent.

  • If to the Seller: 200 Beasley Drive Franklin, Texxxxxxx 00000 Attn: Phillip L.

  • In addition, if Weatherford Parent’s shares are treated as owned more than 50% (by voting power or value) by United States shareholders, Weatherford Parent itself would be treated as a controlled foreign corporation.

  • For the avoidance of doubt, Weatherford Bermuda and Weatherford Delaware may make payments on behalf of Weatherford Parent that would otherwise be considered prepetition claims of Weatherford Parent in the Irish Scheme of Arrangement so long as such payments are in the ordinary course of business and otherwise in accordance with the terms of the Plan and the DIP Orders.

  • Since the Weatherford Parent (and indirectly the U.S. group) will experience an “ownership change,” as defined in Section 382 of the U.S. Internal Revenue Code of 1986, as amended (the “IRC”), the U.S. group’s ability to use its net operating loss carryforwards may be substantially limited, which could have a negative impact on its financial position and results of operations.

  • Following the Effective Date, the Reorganized Debtors intend to continue to operate under Weatherford Parent, which is expected to be an Irish tax resident following the Irish Migration (as defined below).

Related to Weatherford Parent

  • Natural parent means a minor's biological or adoptive parent, and includes the

  • SAP Parent means SAP SE, a European Company (Societas Europaea, SE) established under the laws of Germany and the European Union, registered with the commercial register of the local court of Mannheim, Germany, under HRB 719915, with registered office in Walldorf, Germany, and business address at Dietmar-Hopp-Allee 16, 69190 Walldorf, Germany.

  • Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

  • Acquisition Subsidiary has the meaning specified in Section 7.14.

  • Constellation has the meaning assigned to that term in the Recitals.

  • Subco has the meaning set out in the Preamble;

  • lone parent means a person who has no partner and who is responsible for and a member of the same household as a child or young person;

  • Topco has the meaning set forth in the Preamble.

  • Foster parent means an individual who operates a home that has been approved by the Department to provide care for an unrelated child or young adult placed in the home by the Department.

  • New Parent shall have the meaning assigned to such term in the definition of the term “Change in Control”.

  • MergerSub means Actavis W.C. Holding 2 LLC, a company organized in Nevada.

  • Seller Parent has the meaning set forth in the Preamble.

  • Merger Subsidiary has the meaning set forth in the preamble to this Agreement.

  • EG means the Enforcement Guide;

  • In loco parentis means relating to the responsibility to undertake the care and control of another person in the absence of:

  • Birth parent means the child's biological parent and, for purposes of adoptive placement, means

  • WCA means the Workers Compensation Act (British Columbia) and the regulations thereunder.

  • Alliance means the Public Service Alliance of Canada;

  • Acquisition Sub shall have the meaning set forth in the Preamble.

  • Parent Subsidiary means any Subsidiary of Parent.

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • Merger Sub has the meaning set forth in the Preamble.

  • Surviving Partnership has the meaning set forth in Section 11.2.B(ii) hereof.

  • Parent Parties means Parent and Merger Sub.

  • GLJ means GLJ Petroleum Consultants Ltd.;

  • Parent Holding Company means any direct or indirect parent entity of Holdings which holds directly or indirectly 100% of the Equity Interest of Holdings and which does not hold Capital Stock in any other Person (except for any other Parent Holding Company).