Description of Transaction Steps definition

Description of Transaction Steps means the description of the steps to be carried out to effectuate the Restructuring Transactions in accordance with the Plan and as set forth in the Plan Supplement.
View Source
Description of Transaction Steps means the description of the Restructuring Transactions as set forth in the Plan Supplement.
View Source
Description of Transaction Steps means the description of the steps to be carried out to
View Source

Examples of Description of Transaction Steps in a sentence

  • For administrative convenience, the holders of Credit Agreement Claims against NADL and the Other NADL Debtors and Sevan and the Other Sevan Debtors have agreed to accept participation in the Amended NADL Credit Facility and Amended Sevan Credit Facility, as applicable, in lieu of any entitlement to receive the New NADL Common Shares and New Sevan Shares and consent to the issuance of such shares to the Reorganized Debtors in accordance with the Description of Transaction Steps.

  • The organizational restructuring will be described in greater detail in the Description of Transaction Steps to be included in the Plan Supplement.

  • Common Shares On the Plan Effective Date, 100% of the New NADL Common Shares and New Sevan Common Shares shall be issued to the Reorganized Debtors in accordance with the Description of Transaction Steps.

  • The Bermuda Dissolution Proceedings and the formation of New Seadrill, New NADL, and New Sevan will be described in greater detail in the Description of Transaction Steps to be included in the Plan Supplement.

  • Property The property of each Debtor’s estate shall vest in the applicable Reorganized Debtor on and after the Effective Date free and clear (except as provided in the Plan) of liens, claims, charges, and other encumbrances, subject to and in accordance with the Plan, including the Description of Transaction Steps.


More Definitions of Description of Transaction Steps

Description of Transaction Steps means a document, to be included in the Plan Supplement, which shall be in form and substance acceptable to the Debtors and the Required Consenting BrandCo Lenders, that sets forth the material components of the Restructuring Transactions and a description of the steps to be carried out to effectuate the Restructuring Transactions in accordance with the Plan, including the reorganization of the Reorganized Debtors and the issuance of New Common Stock, the New Warrants, and the other distributions under the Plan, through the Chapter 11 Cases, the Plan, or any Definitive Documents, and the intended tax treatment of such steps.
View Source
Description of Transaction Steps means the description of the steps to be carried out to effectuate the Restructuring Transactions set forth in the Plan Supplement.
View Source
Description of Transaction Steps means, if applicable, the description of the steps to be carried out to effectuate the Restructuring Transactions in accordance with the Plan and as set forth in the Plan Supplement, as determined by the Chapter 11 Trustee on behalf of the Debtor, the Post-Petition Lender and a Purchaser.
View Source
Description of Transaction Steps means the description of the Restructuring Transactions filed as part of the Plan Supplement.
View Source
Description of Transaction Steps means the description of the Restructuring Transactions as set forth in the Plan Supplement and, which shall be reasonably acceptable in form and substance acceptable to the Required Consenting LendersSupporting Parties.
View Source
Description of Transaction Steps means certain of the description of the Restructuring
View Source
Description of Transaction Steps means the description of the Restructuring Transactions set forth in the Plan Supplement, which shall be reasonably acceptable in form and substance to the Supporting Parties.
View Source