Eligible Offeree definition

Eligible Offeree means an Eligible Holder or an Eligible Affiliate.

Eligible Offeree means that such party is an Eligible Offeree as defined under the Rights Offering Procedures; provided, that, with regard to any Subscription Right pursuant to which an Eligible Offeree has opted into the Early Election Procedures, such Eligible Offeree must certify as to the statements set forth in the Early Election Procedures to be considered an Eligible Offeree.

Eligible Offeree means an unsecured creditor who is an Accredited Investor as of the effective date of the Minimum Cash Commitment Agreement.

Examples of Eligible Offeree in a sentence

• On the Rights Offering Distribution Date, each share of the Existing Common Stock outstanding on the Rights Offering Record Date shall be exchanged for (1) one share of the New Common Stock and (2) a Share Purchase Right entitling the holder to purchase its Pro Rata portion of the Eligible Offeree Rights Offering Common Stock.

• Each Eligible Offeree that elects to participate in the Rights Offering must affirmatively make a binding, irrevocable election to exercise its Subscription Rights (the “Binding Rights Election”) before the Rights Expiration Time.

• If an Eligible Offeree (other than the Company) accepts an Offer as to all or any portion of the Securities Subject to the Offer, it shall evidence its acceptance by delivering to the Company a written notice of intent to purchase such Securities Subject to the Offer.

• In the event that condition (2) applies, the Reorganized Debtors shall use reasonable efforts to file a Registration Statement with the Securities and Exchange Commission as soon as practicable following the Effective Date covering the offering and sale of the shares of the Eligible Offeree Rights Offering Common Stock in connection with the Eligible Offeree Share Purchase Rights and to take all reasonable actions to have such Registration Statement declared effective as soon as possible.

• Offers under this Section 2.5 shall (a) be in writing, (b) be irrevocable for so long as any Eligible Offeree has the right to purchase any Securities Subject to the Offer, (c) be sent by the Offeror to the Company and (d) contain a description of the proposed transaction and change of ownership interest or voting power.

More Definitions of Eligible Offeree

Eligible Offeree means the holder of an outstanding share of the Existing Common Stock as of the Rights Offering Record Date.

Eligible Offeree means a person who is at the relevant time a shareholder in one or more of the following:

Eligible Offeree is a holder or transferee of an allowed Senior Secured Notes Claim (an “Allowed Senior Secured Notes Claim”) or an allowed Unsecured Notes Claim (an “Allowed Unsecured Notes Claim”), in each case who is an “accredited investor” within the meaning of Rule 501(a) (“Accredited Investor”) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”), as of the Rights Offering Record Date (as defined below). A “Non-Eligible Offeree” is a holder of an Allowed Senior Secured Notes Claim or an Allowed Unsecured Notes Claim that is not an Accredited Investor. Only Eligible Offerees may participate in the Rights Offering. In lieu of Rights, Non-Eligible Offerees will be given the opportunity to receive a substitute distribution (a “Substitute Distribution”) consisting of new equity in Reorganized CHC (“New Common Shares”). These Rights Offering Procedures, upon entry of the Rights Offering Order, will govern the ability of Eligible Offerees to participate in the Rights Offering or the Non-Eligible Offerees to receive the Substitute Distribution. All questions relating to these Rights Offering Procedures, other documents associated with the Rights Offering, or the requirements to participate in the Rights Offering should be directed to Kxxxxxxx Xxxxxx Consultants LLC, the subscription agent (the “Subscription Agent”) to be retained by the Debtors at: 1000 Xxxxxx xx xxx Xxxxxxxx, 0xx Xxxxx

Eligible Offeree means a holder of Old Notes, other than Valley, that is an “Accredited Investor,” a “qualified institutional buyer” or a person other than a “U.S. Person,” in each case as such terms are defined in the Securities Act.

Eligible Offeree means a Holder of an Allowed Claim in Classes 4, 5 or 6, who is an Accredited Investor as of the Rights Offering Record Date, and who votes to accept the Plan.

Eligible Offeree means a member other than one in respect of whose Shares an outstanding Transfer Notice has been given or is deemed to have been given (and for this purpose, a Transfer Notice is outstanding until the earlier of:

Eligible Offeree has the meaning set forth in SECTION 2(a).