Examples of CCHC Note in a sentence
Subject to the terms and conditions of this Agreement, CII shall have the right at any time to exchange the CCHC Note for HoldCo Units at the Exchange Rate (as defined herein).
The CCHC Note is exchangeable at CII’s option, at any time, for Class A common units of Holdco at a rate equal to the then-accreted value, divided by $2.00.
Because Mr. Allen is the ultimate controlling person of CII, CII is deemed to have shared voting and dispositive power with Mr. Allen over the 259,665,264 shares of Class A Common Stock beneficially owned by CII through its ownership of 254,431,652 Class A Units (including the exchange of the CCHC Note into 36,846,406 Class A Units) and 5,233,612 Class C Units of Charter Holdco.
CCHC Note Claims shall be cancelled, released and extinguished and the holders of the CCHC Note Claims, among others, shall share in the consideration to be provided under the Xxxxx Entities Settlement.
Because Mr. Allen is the ultimate controlling person of CII, CII is deemed to have shared voting and dispositive power with Mr. Allen over the 376,398,510 shares of Class A Common Stock beneficially owned by CII through its ownership of 361,566,958 Class A Units (including the exchange of the CCHC Note into 37,266,479 Class A Units) and 14,831,552 Class C Units of Charter Holdco.
Because Mr. Allen is the ultimate controlling person of CII, CII is deemed to have shared voting and dispositive power with Mr. Allen over the 253,135,163 shares of Class A Common Stock beneficially owned by CII through its ownership of 248,255,241 Class A Units (including the exchange of the CCHC Note into 30,669,995 Class A Units) and 5,233,612 Class C Units of Charter Holdco.
The accreted value of the CCHC Note as of December 31, 2008 and 2007 is $75 million and $65 million, respectively.
The CCHC Note has an initial accreted value of $48 million accreting at 14% compounded quarterly, except that from and after February 28, 2009, CCHC may pay any increase in the accreted value of the CCHC Note in cash and the accreted value of the CCHC Note will not increase to the extent such amount is paid in cash.
AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDECEMBER 31, 2008, 2007, AND 2006(dollars in millions, except where indicated) consecutive trading day period, Charter Holdco may require the exchange of the CCHC Note for Charter Holdco Class A Common units at the Exchange Rate.
The CCHC Note is exchangeable at CII’s option, at any time, for Charter Holdco Class A Common units at a rate equal to the then accreted value, divided by $2.00 (the “Exchange Rate”).