Examples of Alternate Purchaser in a sentence
Absent the Purchaser Notes and the Alternate Purchaser Notes to be provided by the Purchaser pursuant to the Acquisition Agreement, there would be effectively no means by which to satisfy the Noteholder Claimant Claims.
If major departures or non-compliances are observed, then the case is forwarded to the Investigation Committee for further action against the member.QCRs of the practicing firms are carried out with dual purposes.
Implementation of the Plan will begin on the Effective Date, and distribution of the Purchaser Notes and Alternate Purchaser Notes to the Noteholder Claimants (as discussed below) will begin on the Distribution Date.
As further detailed herein, Noteholder Claimants will either: (a) receive Purchaser Notes; or (b) make the Noteholder Claimant Election and receive: (i) Alternate Purchaser Notes instead of Purchaser Notes for up to a maximum of 40% of the amount of their Noteholder Claimant Claim; plus (b) Purchaser Notes in the amount of the balance of their Noteholder Claimant Claim.
In the case of Undeliverable Distributions, following the Undeliverable Distribution Date, the applicable Purchaser Notes, Alternate Purchaser Notes or Purchaser Common Shares shall be deemed to be cancelled and shall be null and void.