Examples of Holdback Notes in a sentence
Further, the Backstop Parties shall have the right and obligation to subscribe for the Holdback Notes (and the associated Participation Equity) (the “Holdback”) and any Subscription Rights they may hold and, in the case of the Senior Notes Backstop Parties, shall fully backstop the remainder of the Rights Offering (not being subscribed for directly by the New Money Participating Credit Facility Creditors) in accordance with the Backstop Agreement.
In addition to the Participation Equity associated with the Holdback Notes for which the Backstop Parties subscribe, the Lender Backstop Parties shall receive the Lender Equity Backstop Premium and the Senior Notes Backstop Parties shall receive the Senior Notes Equity Backstop Premium in exchange for their commitments as set forth in the Backstop Agreement.
Further, the Backstop Parties shall have the right and obligation to subscribe for the Holdback Notes (and the associated Participation Equity) (the “Holdback”) and any Subscription Rights they may hold and shall fully backstop the remainder of the Rights Offering in accordance with the Backstop Agreement.
In addition to the Participation Equity associated with the Holdback Notes for which the Backstop Parties subscribe, the Backstop Parties shall receive, in the aggregate, 2.7% of the total issued and outstanding New Valaris Equity (subject to dilution by, if relevant, the New Warrants, the Newbuild Equity Pool, and the Management Incentive Plan) as of the Effective Date (the “Additional Backstop Equity”) in exchange for the Backstop Commitment.
In addition to the Participation Equity associated with the Holdback Notes for which the Backstop Parties subscribe, the Backstop Parties shall receive, in the aggregate, 2.7% of the total issued and outstanding New Valaris Equity (subject to dilution by the New Warrants (if relevant) and the Management Incentive Plan) as of the Effective Date (the “Additional Backstop Equity”) in exchange for the Backstop Commitment.
In addition to the Participation Equity associated with the Holdback Notes for which the Backstop Parties subscribe, the Backstop Parties shall receive, in the aggregate, 2.7% of the total issued and outstanding New Valaris Equity (subject to dilution by, if relevant, the New Warrants (if relevant), the Newbuild Equity Pool, and the Management Incentive Plan) as of the Effective Date (the “Additional Backstop Equity”) in exchange for the Backstop Commitment.
Further, the Backstop Parties shall have the right and obligation to subscribe for $187.5 million of the New Secured the Holdback Notes (and the associated Participation Equity) (the “Holdback”) and any Subscription Rights they may hold and shall fully backstop the remainder of the Rights Offering in accordance with the Backstop Agreement.
Further, the Backstop Parties shall have the right and obligation to subscribe for the Holdback Notes (and the associated Participation Equity) (the “Holdback”) and any Subscription Rights they may hold and, in the case ofthe Senior Notes Backstop Parties, shall fully backstop the remainder of the Rights Offering (not being subscribed for directly by the New Money Participating Credit Facility Creditors) in accordance with the Backstop Agreement.