Examples of IntermediateCo Notes in a sentence
On, or as soon as practicable after the Effective Date, the Disbursing Agent shall distribute the New Common Stock and IntermediateCo Notes purchased by the Rights Offering Participants and the Backstop Parties, pursuant to the Rights Offering, to such purchasers, subject to the terms of the Equity Commitment Agreement with respect to the Backstop Parties.
An amount equal to the sum of (a) Rights Offering Common Stock Price per share of New Common Stock distributed pursuant to the Rights Offering, plus (b) the principal amount of the IntermediateCo Notes allocable to that share.
These shares will be subject to dilution as a result of rights granted pursuant to the Long-Term Equity Incentive Program, or as a result of the exchange of IntermediateCo Notes or IntermediateCo Preferred Stock into New Common Stock.Each share of New Common Stock will have the same rights, preferences, privileges, interests and attributes, and will be subject to the same limitations, as every other share of New Common Stock.
For U.S. federal income tax purposes, the aggregate Final Subscription Purchase Price paid by each Rights Offering Participant shall be allocated to the IntermediateCo Notes received by such Rights Offering Participant in an amount equal to their stated principal amount with the remaining Final Subscription Purchase Price allocated to the New Common Stock received by such participant.
IntermediateCo Notes in an aggregate principal amount equal to the aggregate principal amount of IntermediateCo Notes multiplied by a fraction, the numerator of which is the ADH Term Loan Value and the denominator of which is Plan Value.
Aggregate number of shares of New Common Stock available to the Rights Offering Eligible Creditors, which will be calculated by dividing (a) the Rights Offering Value minus the principal amount of the IntermediateCo Notes by (b) the Rights Offering Common Stock Price.
ForU.S. federal income tax purposes, the aggregate Final Subscription Purchase Price paid by each Rights Offering Participant shall be allocated to the IntermediateCo Notes received by such Rights Offering Participant in an amount equal to their stated principal amount with the remaining Final Subscription Purchase Price allocated to the New Common Stock received by such participant.
On the Effective Date, pursuant to the Plan, the IntermediateCo Notes will be distributed on behalf of Aleris to the Rights Offering Participants and the Backstop Parties, pursuant to the Rights Offering and the Equity Commitment Agreement and subject to the indenture governing the IntermediateCo Notes (the “IntermediateCo Note Indenture”), substantially in the form included in the Plan Supplement as Exhibit “1.1.113.” The summary below describes the anticipated principal terms of the IntermediateCo Notes.
Default due to non-payment of the Notes upon maturity • Customary default due to bankruptcy or receivership New Common Stock that may be issued upon exchange of the IntermediateCo Notes will be offered rights, if any, pursuant to the Registration Rights Agreement.
New Common Stock and IntermediateCo Notes available for purchase pursuant to the Rights Offering, but not subscribed for by Rights Offering Participants.