Examples of ERO New Common Stock in a sentence
On the Effective Date, holders of Existing Equity Interests in LATAM Parent shall be substantially diluted by the issuance of ERO New Common Stock and the New Convertible Notes Back-Up Shares pursuant to the Plan, including any conversion of the New Convertible Notes into equity, and by the Management Incentive Plan, such that they hold no more than 0.1% of the common stock in LATAM Parent.
If any shares of ERO New Common Stock remain unsubscribed following the second round of subscription and purchase, the ERO New Common Stock Backstop Parties shall subscribe and purchase any remaining unsubscribed ERO New Common Stock.
All Plan Securities shall be registered with the CMF and listed on the Santiago Stock Exchange, and the ERO New Common Stock and New Convertible Notes shall be freely transferrable in Chile by affiliates and non-affiliates as of the Effective Date.
LATAM Parent will issue $800 million of ERO New Common Stock, $400 million of which shall be backstopped by the Commitment Creditors in their capacity as ERO New Common Stock Backstop Parties in exchange for an aggregate 20% backstop payment payable in cash on the Effective Date and $400 million of which shall be backstopped by the Backstop Shareholders (up to the Backstop Shareholders Cap) without requiring the payment of a fee.
Physical certificates representing the ERO New Common Stock will be issued pursuant to the requirements of applicable law.
The ERO New Common Stock and the New Convertible Notes will be registered with the CMF and on the Bolsa de Comercio de Santiago, Bolsa de Valores, and Bolsa Electrónica de Chile, Bolsa de Valores.
If any shares of ERO New Common Stock remain unsubscribed following the second round of subscription and purchase, the ERO New Common Stock Backstop Parties shall subscribe and purchase any remaining unsubscribed ERO New Common Stock (with respect to the Backstop Shareholders, up to the Backstop Shareholders Cap).
All Plan Securities shall be registered with the CMF and listed on the Santiago Stock Exchange, and the New Convertible Notes Back-Up Shares, ERO New Common Stock and New Convertible Notes shall be freely transferrable in Chile by affiliates and non-affiliates as of the Effective Date and in the case of the New Convertible Notes Back-Up Shares, upon conversion of the New Convertible Notes.
On the Effective Date, Holders of Existing Equity Interests in LATAM Parent shall be substantially diluted by the issuance of ERO New Common Stock and the New Convertible Notes Back-Up Shares pursuant to the Plan, including upon any conversion of the New Convertible Notes into equity, such that they hold no more than 0.1% of the common stock in LATAM Parent in respect of such interests.
Backstop Shareholders shall use their preemptive rights during the ERO Preemptive Rights Offering Period to subscribe to the ERO New Common Stock up to the full amount of such preemptive rights; provided, that, the total number of shares of Reorganized LATAM Parent Stock issued to Backstop Shareholders shall not exceed the Backstop Shareholders Cap.