Examples of New Arcapita Bank Holdco in a sentence
The issuance of the Subordinated Claim Warrants shall dilute the ultimate recovery of the Holders of Interests in Arcapita Bank who elect to transfer their Arcapita Bank Shares to New Arcapita Bank Holdco, and the issuance of the Transferring Shareholder Warrants shall dilute the ultimate recovery of Holders of Subordinated Claims against Arcapita Bank.
As noted below, the New Arcapita Shareholder Warrants will not be issued if (A) the Bankruptcy Court determines that the Plan cannot be confirmed because Interests in Arcapita Bank are Reinstated, or (B) the Holders of a majority of Arcapita Bank Shares do not agree to transfer their Arcapita Bank Shares to New Arcapita Bank Holdco in exchange for the Transferring Shareholder Warrants prior to the Effective Date.
If formed, these new entities would collectively hold 100% of the equity interests in New Arcapita Holdco 1 and New Arcapita Bank Holdco.
A new Delaware limited liability company (“New Arcapita Bank Holdco”) will also be formed as a subsidiary of New Arcapita Topco, among other reasons, to hold the Arcapita Bank Shares to be transferred to New Arcapita Bank Holdco.
Pursuant to the Plan, Holders of Arcapita Bank Shares will be entitled to transfer such Shares to New Arcapita Bank Holdco in exchange for a Pro Rata Share of the Transferring Shareholder Warrants.
As provided above, Arcapita Bank Shares will either be transferred to New Arcapita Bank Holdco by existing Holders of Arcapita Bank Shares or issued to New Arcapita Bank Holdco, on behalf of the unsecured creditors of Arcapita Bank and AIHL.
To the extent that Arcapita Bank Shares are transferred to New Arcapita Bank Holdco by existing Holders of Arcapita Bank Shares, the Disbursing Agent will distribute the New Arcapita Shareholder Warrants to the existing Holders of Arcapita Bank Shares that have agreed to transfer their shares and to holders of Subordinated Claims against Arcapita Bank (if any), on a Pro Rata basis.Arcapita (HK) Limited will be placed into liquidation under local law.
The issuance of the Subordinated Claim Warrants shall dilute the ultimate recovery of the Holders of Interests in Arcapita Bank who elect to transfer their Arcapita Bank Shares to New Arcapita Bank Holdco (the “Transferring Shareholders”), and the issuance of the Transferring Shareholder Warrants shall dilute the ultimate recovery of Holdersof Subordinated Claims against Arcapita Bank.
The issuance of the Subordinated Claim Warrants shall dilute the ultimate recovery of the Holders of Interests in Arcapita Bank who elect to transfer their Arcapita Bank Shares to New Arcapita Bank Holdco (the “Transferring Shareholders”), and the issuance of the Transferring Shareholder Warrants shall dilute the ultimate recovery of Holders of Subordinated Claims against Arcapita Bank.
As provided in the Shareholder Acknowledgment and Assignment Affidavit, Holders of more than 50% of the outstanding Shares in Arcapita Bank have agreed to transfer such Shares to New Arcapita Bank Holdco in exchange for the Transferring Shareholder Warrants in accordance with Section 7.8 of the Plan.