New Equity Interests definition
Examples of New Equity Interests in a sentence
The implied value of such New Equity Interests shall be as set forth above.
Upon each of the first three annual anniversaries of the Sale Transaction Effective Date, each holder of New Equity Interests (other than the Required Consenting Senior Noteholder) issued hereunder shall have the right to cause the parent company of NewCo to acquire its New Equity Interests using newly issued unregistered restricted shares of the parent company issued at the higher of $0.54 per share or the parent company’s twenty-day VWAP per share, or such price as required by Canadian securities law.
New Equity Interests On the Sale Transaction Effective Date, NewCo shall issue the New Equity Interests in accordance with the New Organizational Documents (as defined below) and this Term Sheet.
The implied value of such New Equity Interests shall be valued by calculating the equity value that results from the enterprise value of NewCo calculated using a 4.0x EBITDA multiple multiplied by the trailing twelve-month EBITDA of NewCo as of the most recent month end (in each case, enterprise value and EBITDA will be calculated in accordance with the Definitive Agreements).
The implied value of the then-owned New Equity Interests shall be valued by calculating the equity value that results from the enterprise value of NewCo calculated using a 4.0x EBITDA multiple multiplied by the trailing twelve-month EBITDA of NewCo as of the most recent month end (in each case, enterprise value and EBITDA will be calculated in accordance with the Definitive Agreements).