Examples of Initial Beneficial Owners in a sentence
The Warrant Agent shall then Transfer such Global Warrants to the Global Warrant Holder for crediting to the accounts of the applicable Participants for the benefit of the applicable Initial Beneficial Owners pursuant to the procedures of the Depository and in accordance with the Plan on or after the Closing Date.
Upon the admission of additional beneficial owners, the Initial Beneficial Owners will withdraw.
In the event that any Noteholder Director resigns or is removed from office, the Company agrees to take all necessary actions to install, in lieu of such person, such new person on the Board of Directors as may be designated by the Initial Beneficial Owners, in accordance with this Section 5.09.
The Warrant Agent shall then Transfer such Global Warrant to the Global Warrant Holder for crediting to the accounts of the applicable Participants for the benefit of the Initial Beneficial Owners pursuant to the procedures of the Depository and in accordance with the Plan on or after the Closing Date.
The Trustee hereby declares that the trust estate will be held in trust for the Managing Owner and the Initial Beneficial Owners.
The Warrant Agent shall then register such Global Warrants in the name of the Global Warrantholder, which will then credit interests in such Global Warrants to the accounts of the applicable Participants for the benefit of the applicable Initial Beneficial Owners pursuant to the procedures of the Depository and in accordance with the Plan on the Closing Date.
On the Closing Date, the Warrant Agent shall, upon receipt of any such Global Warrants and Authentication Orders, authenticate such Global Warrants in accordance with Section 2.02 and register such Global Warrant in the Warrant Register in the name of the Depository, which will then credit interests in such Global Warrants to the accounts of the applicable Participants for the benefit of the applicable Initial Beneficial Owners pursuant to the procedures of the Depository on the Closing Date.
The Warrant Agent shall allocate the Warrants to, and register the Warrants in the names of, such Initial Beneficial Owners in accordance with the Company’s direct registration system or through the Warrant Agent’s other book-entry procedures pursuant to an allocation schedule approved by the Company.
In the event that any Noteholder Director resigns or is removed from office, TopCo or the Company, as applicable, agrees to take all necessary actions to install, in lieu of such person, such new person on the Board of Directors or the Company Board of Directors as may be designated by the Initial Beneficial Owners, in accordance with this Section 5.09.