Electing Class definition

Electing Class shall have the meaning set forth in Section 8.4(c)(i).
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Electing Class has the meaning set forth in Section 10.6(d).
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Electing Class shall have the meaning set forth in Section 3.2(b).
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Examples of Electing Class in a sentence

  • If we become aware of any jurisdiction where the making of this exchange offer is not in compliance with applicable law, we will make a good faith effort to comply with such law.

  • Subject to Sections 3.01(e) and 3.01(f), each Class A Share outstanding immediately prior to the Effective Time with respect to which a Form of Election has been properly made and not revoked pursuant to Section 3.01(d) (such Class A Shares with respect to which a Form of Election is duly made being referred to as "Electing Class A Shares") will, at the Effective Time, be converted into $18.50 in cash (the "Class A Cash Consideration").

  • The shares of Reorganized MPC Common Stock to be distributed to the Class 6C Interest Holders will only come from that portion of the Private Equity Issue which would otherwise be distributed to MPAC, and NOT from that portion of the Private Equity Issue to be distributed to any Electing Class 4 Creditor.

  • The cash purchase price for such redeemed Class A Units shall be the greater of (y) the fair market value of such Units (without discount for illiquidity, minority status or otherwise) as determined by a qualified third party agreed to in writing by a majority of the Electing Class A Unitholders and the Class B Holder and (z) the original per-Unit price for such Class A Units plus any unpaid Class A Preference thereon.

  • Subject to the Reserve, 100 % of the shares of Reorganized MPC Common Stock will be issued under the Private Equity Issue to MPAC, the Electing Class 4 Creditors, if any, and the Class 6C Interest Holders in accordance with the percentages attributable to them without any further action by the stockholders or directors of MPC.

  • On the Effective Date, Reorganized MPC will reserve sufficient Cash (or in the case of Electing Class 4 Creditors, Reorganized MPC Common Stock) from the Plan Consideration to be distributed to Holders of Disputed Claims of whatever category, Rejection Claims that are Unliquidated Claims as of the Effective Date, unpaid Administrative Claims and any other Claims that cannot, for any reason, be paid on the Effective Date.

  • The number of shares of Reorganized MPC Common Stock to be distributed to Electing Class 4 Creditors will, subject to the $27 million subscription limitation, be calculated by determining the Cash distribution that would be attributable to the Electing Class 4 Creditors, then determining the applicable percentage of the Private Equity Issue that would be attributable to such distribution.

  • An Electing Class 4 Creditor will be deemed to have received its distribution as of the Effective Date.

  • Notwithstanding the foregoing, in the event that the Put Right is exercised pursuant to Section 9.6, the Electing Class B Members shall receive a priority distribution of the Put Price prior to any additional distribution pursuant to Section 7.2(a) or Section 7.2(b) in proportion to their respective Class B Percentage Interests until the Put Price is distributed in full.

  • If the Plan Proponents do not make the Class 7 Cash Distribution available, each holder of an Allowed Class 7 Claim that elected to receive a Class 7 Cash Distribution (each, an "Electing Class 7 Creditor") will receive its Pro Rata portion of Reorganized DZ Units distributed to holders of Class 7 Claims under this Plan on, subject to Section 5.5(f), the Effective Date or, if such Claim becomes Allowed after the Effective Date, as soon as such Claim becomes Allowed.

Related to Electing Class

  • participating class means a class of shares title to which is permitted by an Operator to be transferred by means of a relevant system;

  • Controlling Class means (a) the Outstanding Class A Notes, (b) if no Class A Notes are Outstanding, the Outstanding Class B Notes and (c) if no Class B Notes are Outstanding, the Outstanding Class C Notes.

  • Existing Class means any Existing Term Loan Class and any Existing Revolving Credit Class.

  • Voting Classes means Classes 4 and 5.

  • Participating Class Members means all Class Members who do not submit valid

  • Participating Class Member means a Class Member who does not submit a valid and timely Request for Exclusion from the Settlement.

  • Controlling Class Certificateholder Each Holder (or Certificate Owner, if applicable) of a Certificate of the Controlling Class as determined by the Certificate Administrator from time to time.

  • Non-Participating Class Member means any Class Member who opts out of the Settlement by sending the Administrator a valid and timely Request for Exclusion.

  • Subordinated Class means (a) with respect to the Class A Notes, the Class B Notes and the Class C Notes and (b) with respect to the Class B Notes, the Class C Notes.

  • Corresponding Class The class of interests in the Lower-Tier REMIC or Upper-Tier REMIC that corresponds to the class of interests in the other such REMIC or to a Class of Certificates in the manner set out below: Corresponding Corresponding Upper-Tier Corresponding Lower-Tier Class Designation Regular Interest Class of Certificates ---------------------------- ---------------- --------------------- Class LT-A-1 Class A-1 Class A-1 Class LT-A-2a Class A-2a Class A-2a Class LT-A-2b Class A-2b Class A-2b Class LT-A-2c Class A-2c Class A-2c Class LT-A-2d Class A-2d Class A-2d Class LT-M-1 Class M-1 Class M-1 Class LT-M-2 Class M-2 Class M-2 Class LT-M-3 Class M-3 Class M-3 Class LT-M-4 Class M-4 Class M-4 Class LT-M-5 Class M-5 Class M-5 Class LT-M-6 Class M-6 Class M-6 Class LT-B-1 Class B-1 Class B-1 Class LT-B-2 Class B-2 Class B-2 Class LT-B-3 Class B-3 Class B-3 N/A Class X Class X

  • Controlling Class Representative shall have the meaning assigned to the term “Directing Certificateholder” in the Lead Securitization Servicing Agreement.

  • Class E Note Balance means, at any time, the Initial Class E Note Balance reduced by all payments of principal made prior to such time on the Class E Notes.

  • Note Balance means, with respect to any date of determination, for any Class, the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class B Note Balance, the Class C Note Balance, the Class D Note Balance or the Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of all of the foregoing.

  • Initial Class D Note Balance means $142,370,000.

  • Required Subordinated Amount of Class D Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Majority in Interest of Noteholders means, as of a particular date of determination and subject to Section 2.16 of the Indenture, the holders of at least a majority in aggregate unpaid principal amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by the Company or any Affiliate thereof, it being understood that a Pass Through Trustee shall be considered an Affiliate of the Company as long as more than 50% in the aggregate face amount of Pass Through Certificates issued by the corresponding Pass Through Trust are held by the Company or an Affiliate of the Company or a Pass Through Trustee is otherwise under the control of the Company or such Affiliate of the Company (unless all Equipment Notes then outstanding are held by the Company or any Affiliate thereof, including the Pass Through Trustees which are considered Affiliates of the Company pursuant hereto)); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Noteholder of an Equipment Note or Equipment Notes may allocate, in such Noteholder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • Class D Noteholders means the holders of any Class D Notes from time to time.

  • Consenting Noteholders has the meaning set forth in the preamble to this Agreement.

  • Initial Class C Note Balance means $178,840,000.

  • Class C Noteholders means the holders of any Class C Notes from time to time.

  • Class A Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class A Percentage for that distribution date, plus any Class A Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class A Noteholders’ Principal Distribution Amount will not exceed the outstanding principal balance of the class A notes, less all amounts, other than investment earnings, on deposit in the accumulation account.In addition, on the maturity date for any class of class A notes, the principal required to be distributed to the related noteholders will include the amount required to reduce the outstanding principal balance of that class to zero.

  • Related Classes As to any Uncertificated REMIC I Regular Interest, those classes of Certificates identified as "Related Classes of Certificates" to such Uncertificated REMIC I Regular Interest in the definition of Uncertificated REMIC I Regular Interest.

  • Required Subordinated Amount of Class C Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Corresponding Classes of Certificates With respect to each REMIC Regular Interest, any Class of Certificates appearing opposite such REMIC Regular Interest in Section 1.03 hereof.

  • Class D Note Balance means, at any time, the Initial Class D Note Balance reduced by all payments of principal made prior to such time on the Class D Notes.