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
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Weatherford Parent means Weatherford International plc, an Irish public limited company.
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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.

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

  • 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.

  • Weatherford Parent believes that the examiner will adopt and put the proposals before meetings of Weatherford Parent’s shareholders and creditors and subsequently seek their approval by the High Court of Ireland, because the proposals will, insofar as Weatherford Parent is concerned, mirror the Plan and the Plan represents the best solution achievable for the Debtors, their creditors and shareholders.

  • The Debtors intend to take the position (and this discussion of certain U.S. federal income tax consequences of the Plan assumes) that the receipt of New Common Stock in respect of Prepetition Notes Claims will not be treated as a contribution of the Prepetition Notes to Weatherford Parent for U.S. federal income tax purposes.

  • On May 4, 2016, each of the Debtors entered into or guaranteed that certain Term Loan Agreement, by and among Weatherford International Ltd., Weatherford Parent, JPMorgan Chase Bank, N.A. (the “Prepetition Term Loan Agent”) and the lenders party thereto from time to time (the “Prepetition Term Loan Lenders”), as amended from time to time (the “Prepetition Term Loan Agreement”).As amended, the Prepetition Term Loan Agreement has a maturity date of July 13, 2020.

  • On the petition hearing date, Weatherford Parent will apply to have the examiner’s appointment confirmed.

  • The DWT deducted by Weatherford Parent discharges the liability to income tax.

  • In addition, these discussions do not address tax consequences that may be relevant to Holders of Claims other than Prepetition Notes Claims or of Equity Interests other than Existing Common Stock.The following discussions assume that the Internal Reorganizations will occur prior to or on the Effective Date and in accordance with the Description of Reorganization Steps and that Weatherford Parent will continue as the parent of the group following the Effective Date.

  • The examiner will convene meetings of classes of creditors and the shareholders of Weatherford Parent.

Related to Weatherford Parent

  • 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.

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

  • 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;

  • 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”.

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

  • 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:

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

  • 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.

  • Parent Parties has the meaning set forth in ARTICLE V.

  • GLJ means GLJ Petroleum Consultants Ltd.;

  • Delaware LLC Division means the statutory division of any Delaware LLC into two or more Delaware LLCs pursuant to Section 18-217 of the Delaware Limited Liability Company Act.