Examples of New Equity Interests in a sentence
No fractional shares of New Equity Interests shall be distributed and no Cash shall be distributed in lieu of such fractional amounts.
The Parties intend that the fair market value of the Leasehold Interest of the Company in such Project Assets shall increase as contemplated in the table below, and for any year will equal the “Applicable Percentage” for such year as set forth below multiplied by the fair market value of the fee value of such Project Assets in such year.
Upon the issuance of the New Equity Interests and the occurrence of the Effective Date,, the operation of the Reorganized Debtors shall become the general responsibility of its New Board of Directors, subject to, and in accordance with, the Amended Bylaws.
On the Effective Date, the Purchaser shall fund the purchase price to be paid for either the New Equity Interests or the Acquired Assets into one or more accounts designated by the Plan Agent for the purpose of making the Distributions and establishing the reserves authorized in accordance with the Plan.
After entry of the Confirmation Order, if the New Equity Interests Purchase Agreement is terminated by the SMSA II Debtors due to a breach thereof by the Purchaser, then the SMSA II Debtors shall have the right to alter, amend or modify the Plan or remedy any defect or omission in the Plan.