Equity Rights Offering Amount definition

Equity Rights Offering Amount means an amount equal to the cash proceeds of the Equity Rights Offering, which amount shall not exceed the amount of the Cash Payout.
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Equity Rights Offering Amount means the GUC Equity Rights Offering Amount and the Backstopped Equity Rights Offering Amount.
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Equity Rights Offering Amount means an amount to be agreed among the Debtors and the Required Consenting Senior Noteholders (such amount to be subject to the reasonable consent of the Required Consenting Senior Noteholders, [the Majority Lenders, and the Majority Exit Facility Lenders, as applicable, in accordance with Article I.A.65 herein]).
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Examples of Equity Rights Offering Amount in a sentence

  • The Equity Rights Offering Amount will be 100% backstopped by the Backstop Commitment Parties, and the Backstop Commitment Parties shall be obligated on a several, but not joint and several, basis to purchase the Unsubscribed Equity in accordance with and subject to the terms and conditions of the Backstop Commitment Agreement.

  • The Plan provides that the Equity Rights Offering Amount will be raised through the Equity Rights Offering.


More Definitions of Equity Rights Offering Amount

Equity Rights Offering Amount means an amount equal to $46,500,000, subject to increase with the consent of the Debtors and the Required Consenting Noteholders.
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Equity Rights Offering Amount means the First Lien Equity Rights Offering Amount and the Senior Notes Equity Rights Offering Amount.
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Equity Rights Offering Amount of cash. The Reorganized Debtors Common Stock shall be issued pursuant to the Equity Rights Offering at a discount to be determined by the Required Consenting Noteholders and set forth in the applicable Definitive Documents to the total enterprise value of the Reorganized Debtors or Reorganized RemainCo or Reorganized NAM, as the case may be, as set forth in the Plan. The recipients of the Subscription Rights shall be given oversubscription privileges as set forth in the Definitive Documents. The Reorganized Debtors Common Stock issued (i) to holders of Existing Equity Interests (as defined below), (ii) in connection with the Reorganized Parent Management Incentive Plan (as defined below), the Reorganized RemainCo Management Incentive Plan (as defined below), and the Reorganized NAM Management Incentive Plan (as defined below), as applicable, and (iii) pursuant to the exercise of the Reorganized Parent Warrants (as defined below) and the Reorganized RemainCo Warrants (as defined below), as applicable, in each case, will not be diluted by the Reorganized Debtors Common Stock issued in connection with the Equity Rights Offering. Noteholders shall have the right to subscribe for their pro rata share of the Equity Rights Offering Amount on the basis of their respective holdings of Notes Claims. The proceeds of the Equity Rights Offering shall be used to fund an option (the “Cash-Out Option”) provided to Noteholders to receive a cash distribution (the “Cash-Out Cash Distribution”) in full and final satisfaction of such holder’s Notes Claims, which shall be released and discharged under the Plan, as set forth more fully in the Plan. Each holder of Notes Claims may receive an amount per $1.00 of such holder’s Notes Claims to be determined by the Required Consenting Noteholders and set forth in the applicable Definitive Documents, if such holder elects to exercise the Cash-Out Option. If holders of Notes Claims elect the Cash-Out Option in an amount the result of which would cause the aggregate Cash-Out Cash Distribution to exceed the Equity Rights Offering Amount, then the Cash-Out Cash Distribution will automatically be reduced to the Equity Rights Offering Amount, and any remaining portion of such holder’s Note Claims that is not satisfied through the Cash-Out Option will receive the treatment such holder would otherwise be entitled to if such holder did not elect the Cash-Out Option. For the avoidance of doubt, under no circumstance shall the Cash-Out Cash Dis...
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Equity Rights Offering Amount shall have the meaning set forth in the Restructuring Term Sheet.
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Equity Rights Offering Amount means $350 million of proceeds generated by the Equity Rights Offering.
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Related to Equity Rights Offering Amount

  • Maximum Offering Amount means have the meaning set forth in the recitals hereto.

  • Rights Offering Shares means, collectively, the shares of New Common Stock issued in the Rights Offering.

  • Rights Offering has the meaning set forth in Section 4.1(b);

  • Shares Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) of the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such; provided that, if such Person is determined not to have become an Acquiring Person pursuant to Section 1(a) hereof, then no Shares Acquisition Date shall be deemed to have occurred by virtue of such event.

  • Equity Rights means, with respect to any Person, any subscriptions, options, warrants, commitments, preemptive rights or agreements of any kind (including, without limitation, any stockholders’ or voting trust agreements) for the issuance, sale, registration or voting of, or securities convertible into, any additional shares of capital stock of any class, or partnership or other ownership interests of any type in, such Person.

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) of the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such, or such earlier date as a majority of the Board of Directors shall become aware of the existence of an Acquiring Person.

  • Excluded Stock and Stock Equivalents means (i) any Capital Stock or Stock Equivalents with respect to which, in the reasonable judgment of the Administrative Agent and the Borrower (as agreed to in writing), the cost or other consequences of pledging such Capital Stock or Stock Equivalents in favor of the Secured Parties under the Security Documents shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (ii) solely in the case of any pledge of Capital Stock and Stock Equivalents of any Foreign Subsidiary or any CFC Holding Company, any Capital Stock or Stock Equivalents of any class of such Foreign Subsidiary or CFC Holding Company in excess of 65% of the outstanding Capital Stock of such class, (iii) any Capital Stock or Stock Equivalents to the extent the pledge thereof would violate any applicable Requirements of Law (including any legally effective requirement to obtain the consent of any Governmental Authority unless such consent has been obtained), (iv) in the case of (A) any Capital Stock or Stock Equivalents of any Subsidiary to the extent such Capital Stock or Stock Equivalents are subject to a Lien permitted by clause (ix) of the definition of Permitted Lien or (B) any Capital Stock or Stock Equivalents of any Subsidiary that is not a Wholly-Owned Subsidiary of the Borrower and its Subsidiaries at the time such Subsidiary becomes a Subsidiary, any Capital Stock or Stock Equivalents of each such Subsidiary described in clause (A) or (B) to the extent (I) that a pledge thereof to secure the Obligations is prohibited by any applicable Contractual Requirement and other than proceeds thereof the assignment of which is expressly deemed effective under the Uniform Commercial Code or other applicable law notwithstanding such prohibition or restriction), (II) any Contractual Requirement prohibits such a pledge without the consent of any other party; provided that this clause (II) shall not apply if (x) such other party is a Credit Party or Wholly-Owned Subsidiary or (y) consent has been obtained to consummate such pledge (it being understood that the foregoing shall not be deemed to obligate the Borrower or any Subsidiary to obtain any such consent) and for so long as such Contractual Requirement or replacement or renewal thereof is in effect, or (III) a pledge thereof to secure the Obligations would give any other party (other than a Credit Party or Wholly-Owned Subsidiary) to any contract, agreement, instrument, or indenture governing such Capital Stock or Stock Equivalents the right to terminate its obligations thereunder and other than proceeds thereof the assignment of which is expressly deemed effective under the Uniform Commercial Code or other applicable law notwithstanding such prohibition or restriction), (v) any Capital Stock or Stock Equivalents of any Subsidiary to the extent that the pledge of such Capital Stock or Stock Equivalents would result in materially adverse tax consequences to the Borrower or any Subsidiary as reasonably determined by the Borrower in consultation with the Administrative Agent, (vi) any Capital Stock or Stock Equivalents that are margin stock, and (vii) any Capital Stock and Stock Equivalents of any Subsidiary that is not a Material Subsidiary or is an Unrestricted Subsidiary, a captive insurance Subsidiary, an SPV or any special purpose entity.

  • Maximum Offering means, with respect to some or all participants in the Non-423(b) Plan Component, a maximum number or value of shares of the Common Stock made available for purchase in a specified period (e.g., a 12-month period) in specified countries, locations or to Employees of specified Designated Subsidiaries. Such maximum shall be determined by the Board (or a committee authorized by the Board) in such a manner as to avoid securities filings, to achieve certain tax results or to meet other Company objectives.

  • Equity-linked Securities means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt.

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • sweat equity shares means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called;

  • Offering Shares means the Class A Shares sold in the Offering, whether such Class A Shares were purchased in the Offering or in the secondary market following the Offering and whether or not such holders are affiliates of the Sponsor.

  • Net Proceeds Offer Payment Date has the meaning set forth in Section 4.16.

  • Qualified Equity Offering means the sale and issuance for cash by the Corporation to persons other than the Corporation or any of its subsidiaries after the Original Issue Date of shares of perpetual Preferred Stock, Common Stock or any combination of such stock, that, in each case, qualify as and may be included in Tier 1 capital of the Corporation at the time of issuance under the applicable risk-based capital guidelines of the Corporation’s Appropriate Federal Banking Agency (other than any such sales and issuances made pursuant to agreements or arrangements entered into, or pursuant to financing plans which were publicly announced, on or prior to October 13, 2008).

  • Equity Shares shall have the meaning attributed to such term in the recitals of this Agreement.