Examples of New Arcapita AIHL Ordinary Shares in a sentence
The respective voting rights of the New Arcapita AIHL Ordinary Shares and the New Arcapita Bank Ordinary Shares are described below in Section I.B.7.No distributions or dividends will be paid with respect to the New Arcapita Ordinary Shares until the New Arcapita Class A Shares have been fully redeemed through payment in full of the Liquidation Preference.
The New Arcapita Warrant Ordinary Shares will have identical terms to the New Arcapita AIHL Ordinary Shares and New Arcapita Bank Ordinary Shares, other than with respect to voting control related to the selection of directors to the New Board of New Arcapita Topco.
The New Arcapita Bank Ordinary Shares will represent 97.5% of the New Arcapita Ordinary Shares and will be issued to Holders of Allowed General Unsecured Claims against Arcapita Bank.7 The New Arcapita AIHL Ordinary Shares and New Arcapita Bank Ordinary Shares will have identical terms, other than with respect to voting control related to the selection of directors to the New Board of New Arcapita Topco.
New Arcapita Creditor Warrants means warrants or similarinstruments in New Arcapita Topco that, in the aggregate, will entitle the holders thereof to New Arcapita AIHL Ordinary Shares that constitute up to 47.5% of the New Arcapita Ordinary Shares, subject to dilution by the New Arcapita Shareholder Warrants, all on the terms and conditions set forth in the Equity Term Sheet.
Memorandum, Reorganized AIHL shall transfer all of its assetsAssets (including all AIHL assets that have revested in Reorganized AIHL pursuant to Section 7.5 of the Plan) to New Arcapita Holdco 2, in exchange for the AIHL Sukuk Obligations, the New Arcapita AIHL Class A Shares, the New Arcapita AIHL Ordinary Shares, the New Arcapita Creditor Warrants, and the obligation of New Arcapita Holdco 2 to assume and pay AIHL’s obligations under the DIP Facility and the SCB Facilities, as provided herein.
New Arcapita Creditor Warrants means warrants or similar instruments in New Arcapita Topco that, in the aggregate, will entitle the holders thereof to New Arcapita AIHL Ordinary Shares that constitute up to 47.5% of the New Arcapita Ordinary Shares, subject to dilution by the New Arcapita Shareholder Warrants and as otherwise set forth in theEquity Term Sheet, all on the terms and conditions set forth in the Equity Term Sheet.
The New Arcapita AIHL Ordinary Shares will represent 2.5% of the New Arcapita Ordinary Shares and will be issued to Holders of Allowed General Unsecured Claims, Allowed Syndicated Facility Claims and Allowed Arcsukuk Claims against AIHL.
AIHL Syndicated Facility/Arcsukuk Ordinary Shares means apercentage of the New Arcapita AIHL Ordinary Shares equal to the quotient obtained by dividing (i) the aggregate Allowed Class 4(b) Syndicated Facility Claims and Allowed Class 4(b) Arcsukuk Claims by (ii) the aggregate Allowed Class 4(b) Syndicated Facility Claims, Allowed Class 4(b) Arcsukuk Claims, and Allowed Class 5(b) General Unsecured Claims.
Contemporaneously therewith, AIHL, with the approval of the Bankruptcy Court in the Confirmation Order and the Cayman Court in the Cayman Order, will sell all of its assets to New Arcapita Holdco 2 (the “AIHL Sale”) in exchange for the assumption by New Arcapita Holdco 2 of the DIP Facility Claims and the SCB Claims,3 the AIHL Sukuk Obligations, the New Arcapita AIHL Class A Shares, the New Arcapita AIHL Ordinary Shares, and the New Arcapita Creditor Warrants (the “AIHL Consideration”).
Cayman Court in the Cayman Order, will sell all of its assets to New Arcapita Holdco 2 (the “AIHL Sale”) in exchange for the assumption by New Arcapita Holdco 2 of the DIP Facility Claims and the SCB Claims,3 the AIHL Sukuk Obligations, the New Arcapita AIHL Class A Shares, the New Arcapita AIHL Ordinary Shares, and the New Arcapita Creditor Warrants (the “AIHL Consideration”).