Examples of New Arcapita Creditor Warrants in a sentence
The issuance of the New Arcapita Shares, New Arcapita Creditor Warrants, and New Arcapita Creditor Warrants shall be exempt from the requirements of section 16(b) of the Securities Exchange Act of 1934 (pursuant to Rule 16b-3 promulgated thereunder) with respect to any acquisition of securities by an officer or director (or a director deputized for purposes thereof) as of the Effective Date.
The New Arcapita Creditor Warrants will expire ten years after the Effective Date of the Plan, will be subject to customary anti-dilution adjustments (except for dilution relative to the New Arcapita Shareholder Warrants) and will bear an exercise price of one one-hundredth of a cent ($0.0001) per share.
In the aggregate, the New Arcapita Creditor Warrants will entitle the holders thereof to purchase up to 47.5% of the New Arcapita Ordinary Shares, subject to potential dilution by the New Arcapita Shareholder Warrants.
The New Arcapita Shareholder Warrants (together with the New Arcapita Creditor Warrants, the “New Arcapita Warrants”), if issued, will be issued by New Arcapita Topco and distributed to Holders of Allowed Subordinated Claims against Arcapita Bank and Transferring Shareholders.
The New Arcapita Creditor Warrants will not be exercisable until an aggregate of$1,425 million in dividends or other distributions have been made in respect of the New Arcapita Ordinary Shares (the “ Dividend Threshold”).
The New Arcapita Shareholder Warrants will have the same terms as the New Arcapita Creditor Warrants.
The New Arcapita Ordinary Shares are subject to dilution and adjustment from time to time upon the exercise of the New Arcapita Creditor Warrants and the New Arcapita Shareholder Warrants (if issued) occurring after the Effective Date.The New Arcapita Creditor Warrants issued by New Arcapita Topco will be distributed to Holders of Allowed General Unsecured Claims, Allowed Syndicated Facility Claims and Allowed Arcsukuk Claims against AIHL.
Upon the exercise of the New Arcapita Creditor Warrants, the Allowed Creditors of Arcapita Bank who are not the beneficiaries of a guarantee from AIHL, on the one hand, and the Allowed Creditors of AIHL, on the other hand, will each own, in the aggregate, 50% of the then outstanding equity in New Arcapita Topco.
The benefit of breastfeeding increased with longer duration and this association was consistent regardless of body mass index.
Pursuant to the Plan and the Implementation Memorandum, New Arcapita Topco will issue the New Arcapita Class A Shares, the New Arcapita Ordinary Shares, the New Arcapita Creditor Warrants and, if applicable, the New Arcapita Shareholder Warrants (together with the New Arcapita Creditor Warrants, the “New Arcapita Warrants”), and the Sukuk Facility Obligors will enter into the Sukuk Facility, creating the Sukuk Obligations.