Examples of Conversion Notes in a sentence
The number of shares of New Common Stock available to be received in lieu of New Tranche B Senior Unsecured Notes shall be determined by dividing such Holder’s Conversion Pro Rata share of the Tranche B Conversion Notes by the value of a share of New Common Stock as provided in the Disclosure Statement.
Each Holder of New Tranche B Senior Unsecured Notes shall be entitled to exchange its pro rata share of the Tranche B Conversion Notes, in accordance with its percentage ownership of the Prepetition Notes (the “Conversion Pro Rata Share”).
The remaining terms of the Maturity Conversion Notes (other than as expressly modified hereby) shall remain in full force and effect and are incorporated herein by this reference.
The Company agrees that so long as an Investor holds at least $5,000,000 of Maturity Conversion Notes, the Company shall not incur any material Debt (as defined in the Tranche Notes), prepay any existing material Debt or materially amend the terms of its existing Debt, in each case without such Investor’s prior written consent.
On the Effective Date, Reorganized Factory Card shall issue four series of New Equity Warrants to holders of Factory Card Equity Interests to purchase an aggregate of 153,928 shares of New Common Stock, representing 10% of the New Common Stock issued under the Plan (assuming exercise of all such New Equity Warrants), subject to dilution by the New Management Warrants, the conversion of the Trade Conversion Notes and the Employee Options.