GUC Rights Offering definition

GUC Rights Offering means that certain rights offering of New Class A Shares to be offered to the Holders of Allowed General Unsecured Claims, as approved by the applicable Rights Offerings Procedures Order.
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GUC Rights Offering means the offering of the GUC Rights, to be conducted in reliance upon the exemption from registration under the Securities Act provided in section 4(a)(2) of the Securities Act, to GUC Rights Offering Participants in accordance with the GUC Rights Offerings Procedures.
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GUC Rights Offering and together with the Unsecured Notes Rights Offering, the “Rights Offerings”), and (v) a new reserve-based lending facility to be provided by the Prepetition Lenders on terms and conditions consistent with the term sheet attached to the Support Agreement as Exhibit D (the “Exit Facility Term Sheet”). PREPETITION FUNDED INDEBTEDNESS
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Examples of GUC Rights Offering in a sentence

  • The GUC Rights Offering will not be backstopped, and the New Common Stock issued on account of the GUC Rights Offering shall be in addition to the Senior Notes Rights Offering Shares.

  • If the Holder of a Disputed Claim subscribed for a greater number of GUC Rights Offering Shares than their Allowed Claim would entitle them to subscribe for, their subscription shall be deemed reduced and any excess deposit returned to them in accordance with the GUC Rights Offering Procedures.

  • No New Common Stock on account of the GUC Rights Offering (or New Common Stock from the GUC Equity Pool) shall be issued until such time as all Disputed General Unsecured Claims or Disputed Encana Claims, as applicable, have been resolved.

  • GUC Rights Offering New Common Stock on on account of the GUC Rights Offering shall only be issued to Holders of Allowed Claims.

  • The Senior Note Rights Offering Shares equal 84.8% of the New Equity Interests, subject to dilution by the GUC Rights Offering, Warrant Equity and the Management Incentive Plan, and the New Equity Interests issued to Encana.

  • Allowed Encana Claims shall receive, in full and final satisfaction, settlement, release, and discharge of and in exchange for the Encana Claims, (a) New Common Stock at the same rate as holders of General Unsecured Claims and (b) the opportunity to participate in the GUC Rights Offering.

  • Holders of Allowed General Unsecured Claims, Disputed General Unsecured Claims, Allowed Encana Claims, or Disputed Encana Claims (in each case that are otherwise eligible to participate in the GUC Rights Offering) that wish to participate in the GUC Rights Offering must subscribe and deposit their purchase price prior to the subscription deadline set forth in the GUC Rights Offering Procedures (which shall be prior to the Effective Date).

  • The 2L Investment Shares equal 6.4% of the New Equity Interests, subject to dilution by the Management Incentive Plan, the Warrant Equity, the GUC Rights Offering, and the New Equity Interests issued to Encana.

  • Any holder of a General Unsecured Claim whose claim is not allowed as of the GUC Rights Offering record date who elects to participate in the GUC Rights Offering to the extent such claim is ultimately allowed (including any holder asserting a Litigation Claim in the Litigation Non-Settlement Scenario) will be required to pre-fund the purchase price into escrow pending allowance or disallowance of such claim.

  • Unsecured Claims participating in the GUC Rights Offering will be entitled to purchase an amount of Class A Shares upon the same economic terms on a per dollar of allowed General Unsecured Claims basis as purchases made by holders of allowed Unsecured Notes Claims participating in the Unsecured Notes Rights Offering.