Examples of JP Morgan Entities in a sentence
On the Effective Date, the board of directors of New Pliant shall have seven (7) members, two (2) of whom shall be elected by the Holders of a majority of the outstanding principal amount of Old Notes, four (4) of whom shall be designated by the JP Morgan Entities, as the holders of a majority of the Series A Preferred Stock and common stock of Pliant, and one (1) of whom shall be the chief executive officer.
On the Effective Date, New Pliant, the Holders of Old Note Claims, the JP Morgan Entities and certain other holders of Series AA Preferred Stock shall enter into the Series AA Registration Rights Agreement substantially in the form set forth in Exhibit D hereto.
Other than China Lounge, a wholly-owned subsidiary of GAC, the Morgan Stanley Entities (including Exempt Principal Traders), members of the J.P. Morgan Entities (and for this purpose, including those J.P. Morgan Entities which are Exempt Principal Traders) and members of the CICC Entities, no Denway Shareholder has a material interest in the Privatisation and accordingly, all Denway Shareholders other than the above-mentioned entities are “disinterested shareholders” for the purpose of the Takeovers Code.
As at the Announcement Date, the Morgan Stanley Entities and the J.P. Morgan Entities do not hold any Denway Shares.
Accordingly, other than China Lounge, members of the Morgan Stanley Entities (including Exempt Principal Traders), members of the J.P. Morgan Entities (including Exempt Principal Traders), members of the CICC Entities, BNP Paribas S.A. and Mr. Yao Yiming (as a result of his irrevocable undertaking to GAC and Denway to abstain from voting at the Court Meeting), no Denway Shareholder is required to abstain from voting at the Court Meeting.
Please be advised that the J.P. Morgan Entities have relied on the Exemption in Canada.
The Special Committee approved, on behalf of Pliant, the economic treatment of all current equityholders under the Plan.Pursuant to the terms of the Support Agreements, the Debtors agreed to pay the reasonable fees and expenses of the advisors to the Consenting Noteholders and the JP Morgan Entities in connection with the consummation of the transactions contemplated in the Support Agreements, including the confirmation of a plan or reorganization.
Affiliates (such as the JP Morgan Entities) have additional demand and piggyback registration rights following an IPO of the New Common Stock.
The JP Morgan Entities, in their capacity as a holder of common stock and as a holder of preferred stock, participated in the negotiations that led to the execution of the Support Agreements.
Affiliates (such as the JP Morgan Entities) have additional demand and piggyback registration rights following an IPO of the New Common Stock.The New Pliant Stockholders Agreement also provides that New Pliant cannot increase the Maximum Percentage Interest represented by the Deferred Cash Incentive Plan or Series M Preferred Stock without the prior approval of the holders of a majority of the shares of New Common Stock issued to Holders of Old Note Claims under the Plan.