Common use of BTA and Related Transactions Clause in Contracts

BTA and Related Transactions. (a) On the date hereof, the “Closing” (as defined in, and contemplated under, the BTA) shall occur (the “BTA Closing”) and Issuer Co shall receive, as consideration for the sale of certain of its assets under the BTA, (i) 12% senior secured notes (the “New Secured Notes”) issued by Finance Co pursuant to that certain Indenture, dated as of the BTA Closing, between Finance Co, the guarantors party thereto as of the BTA Closing, any guarantor that thereafter becomes a party thereto and U.S. Bank Trust Company, National Association, as trustee and collateral agent (“Agent”), in the aggregate principal amount equal to $49,523,334 (the “BTA-Issued New Secured Notes”), and (ii) newly issued ordinary shares in the capital of Finance Co representing 49% of the total issued and outstanding shares in the capital of Finance Co, being 512,589 ordinary shares in the capital of Finance Co (the “Finance Co Equity”) after accounting for the issuance contemplated in Section 1.1(c).