New Equity definition

New Equity means the common equity interests in Reorganized Neiman to be authorized, issued, or reserved on the Effective Date pursuant to the Plan.

New Equity means cash proceeds received after the Closing Date from the sale or issuance of Borrower’s equity securities.

New Equity means the all of the equity interest in the Reorganized Debtor, issued on the Effective Date, to the Plan Sponsor, and to the Post-Petition Lender under and subject to the Subscription Option, in the total amount of 1,000 shares, free and clear of all Liens, Claims and encumbrances of any kind, except as provided in the Plan.

Examples of New Equity in a sentence

• Notwithstanding anything to the contrary in this Article, the Liquidation Trust Agreement or the New Organizational Documents, the Liquidation Trustee shall not be considered a Director or Officer of the Reorganized Debtors or a Holder of any New Equity Interests in the Reorganized Debtors.

• Upon the adjudication of the Committee Litigation against Brandon Steele by Final Order in favor of the Liquidation Trustee, the New Equity Interests shall be held by the Liquidation Trustee as security for the judgment against Brandon Steele, and the Liquidation Trustee shall have such collection rights and remedies as may be available under applicable law.

• Upon the occurrence of the Post-Effective Date Equity Distribution, all of the New Equity Interests held in escrow by the Liquidation Trustee shall be relinquished and distributed to Holders of Allowed Equity Interests in Class 8, and the Liquidation Trust’s contingent interest in the New Equity Interests shall terminate.

• Whenever any payment or distribution of a fraction of a dollar or fractional share of New Equity under the Plan would otherwise be called for, the actual payment or distribution will reflect a rounding of such fraction to the nearest whole dollar or share of New Equity (up or down), with half dollars and half shares of New Equity or less being rounded down.

• The transfer fee is triggered because of the change in control pursuant to the replacement of old equity interests with New Equity Interests and the control exhibited by the appointment of the new Board of Directors.

More Definitions of New Equity

New Equity means a subscription for capital stock of the Ultimate Parent or any other form of equity contribution to the Ultimate Parent previously agreed by the Facility Agent (acting reasonably) in writing, in each case, where such subscription or contribution does not result in a Change of Control.

New Equity means, collectively, the Class A Common Shares and the Class B Common Shares of Newco which, immediately following the issuance thereof, will constitute all of the issued and outstanding shares of Newco;

New Equity means all shares of common stock or other ownership interests of the applicable Reorganized Debtor, authorized hereunder as of the Effective Date and any additional shares or ownership interests authorized for the purposes specified herein and as further described in the New Governing Documents.

New Equity means the common equity interests in Reorganized Tailored to be (consistent with the Description of Transaction Steps) authorized, issued, or reserved on the Effective Date pursuant to the Plan, which shall be governed by the Shareholder Agreement and the other New Equity Documentation.

New Equity means any contribution of cash to the Issuer in the form of shareholder’s equity or Shareholder Loans, whether or not contributed against the issue of any shares in the Issuer.

New Equity means collectively, the New Common Stock and the New Convertible Preferred Stock.

New Equity means the common stock of Reorganized Hornbeck, par value $0.00001 per share, to be issued on the Effective Date subject to the terms and conditions set forth in the Restructuring Support Agreement and the New Corporate Governance Documents.