Examples of New Equity Investment Shares in a sentence
On the Effective Date, the Reorganized Debtors shall distribute the New GMR Common Stock issuable on the Effective Date, New Equity Investment Shares, the Commitment Fee GMR Warrants, the New GMR Warrants and the OCM Conversion Shares.
The New Equity Investment Shares to be issued to the Purchasers and, as the case may be, the Guarantors pursuant to this Agreement, when issued in accordance with the terms hereof, will be duly authorized, validly issued, fully paid and nonassessable, with no personal liability attached to the ownership thereof and will not be issued in violation of or subject to any preemptive rights under the Delaware General Corporation Law.
Recurrent services, such as printing and travel, were procured under joint Long Term Agreements, a commendable approach resulting in reduced lead times and lower transactions costs in the procurement processes.
Neither the consummation of the Plan nor the issuance of New Equity Investment Shares will result in any material degrouping charges for tax purpose with respect to the Company or its subsidiaries.
The Company hereby agrees to use its best efforts to comply with all state securities or "blue sky" laws which might be applicable to the sale of New Equity Investment Shares to the Purchasers or, as the case may be, the Guarantors.
All conditions precedent to the sale of the New Equity Investment Shares to the New Equity Investors and/or New Equity Investment Guarantors, as applicable, as set forth in the Subscription Agreement (other than the occurrence of the Consummation Date) shall have been satisfied or waived.
Pursuant to the terms of its Subscription Agreement, the New Equity Investment Guarantor shall be liable to purchase all or any portion of the New Equity Investment Shares upon the occurrence of any event or circumstance which results in any New Equity Investment Shares remaining unsubscribed or unsold on the Consummation Date.
On the Effective Date, the Reorganized Debtors (or their agent or designee) shall distribute the New Equity Investment Shares and the Commitment Fee GMR Common Stock to the Oaktree Plan Sponsors and the Non-Oaktree Plan Sponsors, if any, (or their designees) and shall distribute the OCM Conversion Shares to the holders of the OCM Secured Claim (or their designees).
New Equity Investment Shares Oaktree Plan Sponsors 4,750,272 Commitment Fee GMR Common Stock Oaktree Plan Sponsors 300,017 OCM Conversion Shares OCM 4,750,271 Unsecured Creditor Equity Distribution Unsecured Creditor Distribution Escrow Account 200,011 New GMR Warrants Unsecured Creditor Distribution Escrow Account 309,296 Subject to dilution for New GMR Common Stock issuable under the Equity Incentive Program (each as defined in the Plan of Reorganization).
If the Vestar Transaction is not consummated, on the Consummation Date, Reorganized BIUSA shall sell to the New Equity Investors the New Equity Investment Shares pursuant to the Subscription Agreements for aggregate Cash proceeds of $38,500,000.