Examples of New Arcapita 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 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 Ordinary Shares will be issued in two separate classes: (i) Class A ordinary shares (the “New Arcapita AIHL Ordinary Shares”) and (ii) Class B ordinary shares (the “New Arcapita Bank Ordinary Shares”).
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 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.
The New Arcapita Ordinary Shares will be ordinary shares issued by New Arcapita Topco which will rank junior to the New Arcapita Class A Shares.
Arcapita Warrant Ordinary Shares”), representing approximately 80% of the New Arcapita Ordinary Shares on a fully diluted basis.
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.
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.
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