Creditor Shares definition

Creditor Shares means, as to each Creditor, the shares of Common Stock of the Company hereunder as specified below such Creditor’s name on the signature page of this Agreement and next to the heading “Creditor Shares”.

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Creditor Shares means the New Common Shares to be issued to the creditors of the Debtors pursuant to the Plan.

Creditor Shares has the meaning set forth in Section 2.2;

Examples of Creditor Shares in a sentence

• The Company shall be under no obligation to register the Creditor Shares under the Securities Act and applicable state securities laws, and any such registration shall be in the Company’s sole discretion.

• Such Creditor’s debt cancellation and payment for, and continued beneficial ownership of, the Creditor Shares will not violate any securities or other laws of such Creditor’s jurisdiction applicable to such Creditor.

• Such Creditor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Creditor Shares, and has so evaluated the merits and risks of such investment.

• Such Creditor is a non-U.S. person (as such term is defined in Rule 902 of Regulation S under the Securities Act) and is not acquiring the Creditor Shares for the account or benefit of a U.S. person.

• The Company shall deliver to the Creditor the Creditor Shares at Closing.

More Definitions of Creditor Shares

Creditor Shares has the meaning set forth in Section 5.1 hereof."

Creditor Shares means the new Purchaser Shares to be issued to Purchaser Group Creditors pursuant to and in accordance with the Debt Restructuring Documents (other than the Additional Shares);

Creditor Shares means 10,000 shares of New Common Stock to be distributed to the Disbursing Agent on the Effective Date for Pro Rata Distribution to Holders of Allowed General Unsecured Claims as set forth in Article 4.3 of the Plan.

Creditor Shares means New Common Shares issued to holders of Allowed Claims in Class C-4 pursuant to Section 5.1(d)(v) of the Plan and any securities of the Company issued with respect thereto pursuant to a stock split, stock dividend, recapitalization or similar transaction.

Creditor Shares mean those shares of Common Stock as are issuable upon conversion of the outstanding shares of Series C Preferred Stock.

Creditor Shares has the meaning ascribed to it in section "2.2" hereinbelow; a complete listing of such Creditor Shares per Creditor of the Purchaser being set forth in Schedule "C" which is attached hereto;

Creditor Shares means those shares of New Holding Company Common Stock to be distributed to holders of Allowed Prepetition Note Claims, Allowed Trade Vendor/Lease Rejection Claims, and holders of Other Unsecured Claims who have made the Other Unsecured Claim Election, in the total aggregate amount of (i) one-hundred million (100,000,000) shares of such New Holding Company Common Stock minus (ii) a number determined by dividing (a) the total Cash paid or, in the case of the Plan Investors, deemed paid, on account of Prepetition Lender Claims under the Plan by (b) ten.