Common use of Special Plan Distribution Provisions for Equity Interests and Senior Note Claims Clause in Contracts

Special Plan Distribution Provisions for Equity Interests and Senior Note Claims. For the purpose of making Plan Distributions, the transfer ledger in respect of the Holdings Equity Interests and Senior Notes shall be closed as of the close of business on the date set forth in the Disclosure Statement Order (or, if not set forth there, on the Confirmation Date), and the Disbursing Agent and its agent shall be entitled to recognize and deal for all purposes herein with only those holders of record stated on the transfer ledger maintained by the stock transfer agent for the Holdings Equity Interests and Senior Notes as of the close of business on the Confirmation Date. On the Effective Date, (a) all Holdings Equity Interests and Senior Notes shall be cancelled and annulled and (b) all Section 510(b) Claims shall be discharged, and all rights thereunder shall be settled and compromised in full in exchange for the Plan Distributions to be made to the holders of Holdings Equity Interests, Senior Note Claims and Section 510(b) Claims as applicable.

Appears in 2 contracts

Samples: Plan Support Agreement, Noteholder Restructuring (Gsi Group Inc)

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Special Plan Distribution Provisions for Equity Interests and Senior Note Claims. For the purpose of making Plan Distributions, the transfer ledger in respect of the Holdings Equity Interests and Senior Notes shall be closed as of the close of business on the date set forth in the Disclosure Statement Order (or, if not set forth there, on the Confirmation Date), and the Disbursing Agent and its agent shall be entitled to recognize and deal for all purposes herein with only those holders of record stated on the transfer ledger maintained by the stock transfer agent for the Holdings Equity Interests and Senior Notes as of the close of business on the Confirmation Date. On the Effective Date, (a) all Holdings Equity Interests in Holdings and Senior Notes shall be cancelled and annulled and (b) all Section 510(b) Claims shall be dischargedannulled, and all rights thereunder shall be settled and compromised in full in exchange for the Plan Distributions to be made to the holders of Holdings such Equity Interests, Interests and Senior Note Claims and Section 510(b) Claims as applicable.

Appears in 1 contract

Samples: Noteholder Restructuring Plan Support Agreement (Gsi Group Inc)

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Special Plan Distribution Provisions for Equity Interests and Senior Note Claims. For the purpose of making Plan Distributions, the transfer ledger in respect of the Holdings Equity Interests and Senior Notes shall be closed as of the close of business on the date set forth in the Disclosure Statement Order (or, if not set forth there, on the Confirmation Plan Distribution Record Date), and the Disbursing Agent and its agent shall be entitled to recognize and deal for all purposes herein with only those holders of record stated on the transfer ledger maintained by the stock transfer agent for the Holdings Equity Interests and Senior Notes as of the close of business on the Confirmation Plan Distribution Record Date, provided, however, that with respect to making Plan Distributions on account of Restricted Shares of Holdings, which shares have vested as of the Effective Date, but which have not been issued as of the Effective Date and are therefore not reflected on the transfer ledger, Plan Distributions shall be made in accordance with Holdings’ Restricted Share ledger as set forth in Schedule 6.16(a). On the Effective Date, (a) all Holdings Equity Interests Interests, Old Options, Old Restricted Shares and Senior Notes shall be cancelled and annulled and (b) all Section 510(b) Claims shall be discharged, and all rights thereunder shall be settled and compromised in full in exchange for the Plan Distributions to be made to the holders of Holdings Equity Interests, Senior Note Claims Claims, Old Options, Old Restricted Shares and Section 510(b) Claims as applicable.

Appears in 1 contract

Samples: Restructuring Plan Support Agreement (Gsi Group Inc)

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