12-1640B 12-1640B . . . Restructuring Agreement under which (a) Delaware corporation (Company) will become holding company by transferring substantially all its assets and liabilities, except for capital stock of its subsidiaries, to a newly organized wholly-owned Delaware subsidiary, (b) pursuant to terms of a Demerger Agreement, certain assets and liabilities of a Norwegian corporation (Norway-One) shall be demerged into a new Norwegian corporation (Norway-Two) and each holder of outstanding shares of Norway-One shall receive one share of capital stock of Norway-Two for each Norway-One share held by such holder, and (c) Company shall commence an Exchange Offer to prospective shareholders of Norway-Two to exchange cash and warrants for Company Class A Common Stock for their Norway-Two shares
Puerto Rico Restructuring Agreement
Category:
State:
Multi-State
Control #:
US-CC-12-1640B
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Restructuring Agreement?
Discovering the right lawful papers format might be a struggle. Obviously, there are a variety of layouts available on the net, but how would you find the lawful form you require? Use the US Legal Forms web site. The assistance offers a large number of layouts, including the Puerto Rico Restructuring Agreement, that can be used for enterprise and private requires. Each of the types are checked by specialists and meet federal and state requirements.
In case you are presently registered, log in to the accounts and click the Download option to have the Puerto Rico Restructuring Agreement. Utilize your accounts to search with the lawful types you may have bought previously. Go to the My Forms tab of the accounts and acquire yet another copy of your papers you require.
In case you are a fresh consumer of US Legal Forms, here are simple guidelines that you should adhere to:
- Initial, be sure you have chosen the right form for your town/state. You can examine the form utilizing the Review option and browse the form information to guarantee it will be the best for you.
- In case the form is not going to meet your expectations, use the Seach area to get the correct form.
- Once you are sure that the form would work, click on the Buy now option to have the form.
- Choose the pricing prepare you would like and type in the essential information and facts. Create your accounts and pay money for an order using your PayPal accounts or Visa or Mastercard.
- Opt for the file structure and download the lawful papers format to the system.
- Full, change and print and indication the acquired Puerto Rico Restructuring Agreement.
US Legal Forms may be the greatest library of lawful types in which you can discover a variety of papers layouts. Use the company to download expertly-manufactured paperwork that adhere to express requirements.
Form popularity
FAQ
More than eight years after the Puerto Rico Electric Power Authority stopped paying its bonds and with most other Puerto Rico municipal issuers having since restructured their bonds, eight Puerto Rico bonds continue to pay in full and on time.
The debate over Puerto Rico's statehood remains as relevant as ever, as the island struggles with the combined effects of economic depression, shrinking population, debt crisis and bankruptcy, natural disasters, the COVID-19 pandemic, and government mismanagement.
The Puerto Rico Sales Tax Revenue Bonds (commonly known as COFINA bonds) are government bonds issued by the Urgent Interest Fund Corporation (COFINA) to pay the extraconstitutional public debt of Puerto Rico.
On January 18, 2022, Judge Laura Taylor Swain of the U.S. District Court for the District of Puerto Rico confirmed the Plan of Adjustment for the Commonwealth of Puerto Rico to restructure $33 billion of liabilities against the Commonwealth of Puerto Rico, the Public Building Authority (PBA), and the Employee ...
The debt restructuring plan was approved by a federal judge in January. It reduces claims against Puerto Rico's government from $33 billion to just over $7.4 billion, with 7 cents of every taxpayer dollar going to debt service, compared with 25 cents previously.
All bonds issued by the Government of Puerto Rico, or by its authority, shall be exempt from taxation by the Government of the United States, or by the Government of Puerto Rico or of any political or municipal subdivision thereof, or by any State, Territory, or possession, or by any county, municipality, or other ...
Over the past few decades, declining tax revenues and mounting debt in other areas have forced Puerto Rico to borrow money to keep its Medicaid program solvent. Another serious problem stems from Puerto Rico's underfunded social safety net.
The Puerto Rican government-debt crisis was a financial crisis affecting the government of Puerto Rico. The crisis began in 2014 when three major credit agencies downgraded several bond issues by Puerto Rico to "junk status" after the government was unable to demonstrate that it could pay its debt.