New Exide Common Stock definition

New Exide Common Stock means the shares of new common stock of
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New Exide Common Stock means the shares of New Exide's common stock, par value $.01 per share, to be authorized pursuant to the New Exide Certificate of Incorporation of which 200,000 shares shall be initially issued, which initially issued shares represent, as of the Effective Date, 0.8% of New Exide's common stock taking into consideration the New Exide Preferred Stock Conversion Election on a fully-exercised basis, subject to dilution pursuant to the Company Incentive Plan; provided, however, that the percentage which the New Exide Common Stock represents on a fully-exercised basis, prior to dilution pursuant to the Company Incentive Plan, shall be decreased in the event the aggregate amount of Allowed Class P4-A Non-Noteholder General Unsecured Claims, after final determination by the Bankruptcy Court, is greater than the estimate of Class P4-A Non-Noteholder General Unsecured Claims as set forth in the section of the Disclosure Statement entitled "SUMMARY--Treatment of Claims and Equity Interests" such that the Pro Rata percentage recovery by Holders of Class P4-B 10% Senior Note Claims is equivalent to the Pro Rata percentage recovery of Holders of Class P4-A Non-Noteholder General Unsecured Claims. The New Exide Common Stock will be subject to certain transfer restrictions in order to maintain New Exide's status as a non-reporting company under the Securities Exchange Act.
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New Exide Common Stock means the shares of Reorganized Exide's common stock, par value $.01 per share, to be authorized pursuant to the New Exide Certificate of Incorporation.
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Examples of New Exide Common Stock in a sentence

  • The Company Incentive Plan will provide that covered employees will receive or have the right to receive securities representing from 5% to 10% of the fully-diluted shares of New Exide Common Stock.

  • In such cases: (i) any Cash held for distribution on account of such Claims shall be property of the relevant Reorganized Debtor, free of any restrictions thereon; and (ii) any New Exide Preferred Stock or New Exide Common Stock held for distribution on account of such Claims shall be canceled and of no further force or effect.

  • During the first 24 months following the Effective Date, no transfer of New Exide Preferred Stock or New Exide Common Stock shall be permitted where the effect of such transfer would be to require New Exide to become a reporting company under the Securities and Exchange Act.

  • Any other provision of the Plan notwithstanding, payments of fractions of shares of New Exide Preferred Stock or fractions of shares of New Exide Common Stock will not be made and will be deemed to be zero.

  • New Exide shall issue all securities, notes, instruments, certificates, and other documents required to be issued pursuant hereto, including, without limitation, the New Exide Preferred Stock and New Exide Common Stock, each of which shall be distributed as provided herein.

  • In such cases, any New Exide Common Stock held for distribution on account of such Claim shall be disposed of pursuant to the provisions set forth in Subsection B above.

  • On the Effective Date, New Exide will issue for distribution in accordance with the Plan 200,000 shares of New Exide Common Stock, which represents 0.8% of New Exide Common Stock, taking into consideration the New Exide Preferred Stock Conversion Election on a fully-exercised basis, subject to dilution pursuant to the Company Incentive Plan.

  • This reserve will be used in connection with the potential payment of Disputed Claims in Class P-4, and will be comprised of authorized but not issued New Exide Common Stock and New Exide Warrants, and in each case, the proceeds thereof, if any.

  • Holders of Prepetition Credit Facility Claims, 10% Senior Notes or General Unsecured Claims who exchange Prepetition Credit Facility Claims, 10% Senior Notes or General Unsecured Claims for New Exide Preferred Stock, New Exide Common Stock and/or New Exchange Notes may be affected by the "market discount" provisions of Code Sections 1276 through -75- 1278.

  • Lenders under the Prepetition Credit Facility will receive 100% of the New Exide Preferred Stock, which, as of the Effective Date, represents 99.2% of New Exide Common Stock, taking into consideration the New Exide Preferred Stock Conversion Election on a fully-exercised basis, subject to dilution pursuant to the Company Incentive Plan.


More Definitions of New Exide Common Stock

New Exide Common Stock means the shares of new common stock of the Reorganized Debtor.
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Related to New Exide Common Stock

  • Holdings Common Stock means the common stock of Holdings, par value $.01 per share.

  • Substitute Common Stock means the common stock issued by the issuer of the Substitute Option upon exercise of the Substitute Option.

  • Founders’ Common Stock means all of the shares of Common Stock of the Company acquired by an Insider prior to the IPO for a price of approximately $0.005875 per share;

  • Purchaser Common Stock means the common stock, par value $0.01 per share, of Purchaser.

  • Newco Common Stock means the common stock, par value $.01 per share, of Newco.

  • Pubco Common Stock means all classes and series of common stock of Pubco, including the Class A Common Stock and Class B Common Stock.

  • New Common Stock means shares of Common Stock and/or securities convertible into, and/or other rights exercisable for, Common Stock, which are offered or sold in a New Transaction.

  • Amalco Common Shares means the common shares in the capital of Amalco;

  • Common Stock means the common stock of the Company, par value $0.001 per share, and any other class of securities into which such securities may hereafter be reclassified or changed.

  • Parent Common Stock means the common stock, par value $0.01 per share, of Parent.

  • Series A Common Stock means the Series A Common Stock, par value $0.01 per share, of the Company.

  • Outstanding Company Common Stock means the outstanding shares of Common Stock, par value $1 per share, of the Company;

  • Old Common Stock means the Company's common stock, par value $.01 per share, outstanding as of the date of the Company's filing of the petition commencing the Chapter 11 Case.

  • Merger Sub Common Stock means the common stock, par value $0.01 per share, of Merger Sub.

  • Company Common Stock means the common stock, par value $0.01 per share, of the Company.

  • Existing Common Stock means shares of common stock of Delphi that are authorized, issued, and outstanding prior to the Effective Date.

  • Seller Common Stock means the common stock, par value $0.01 per share, of Seller.

  • Qualifying Preferred Stock means non-cumulative perpetual preferred stock of the Corporation that (a) ranks pari passu with or junior to all other preferred stock of the Corporation, and (b) either (x) is subject to a Qualifying Replacement Capital Covenant or (y) is subject to Intent-Based Replacement Disclosure and has a provision that prohibits the Corporation from paying any dividends thereon upon its failure to satisfy one or more financial tests set forth therein, and (c) as to which the transaction documents provide for no remedies as a consequence of non-payment of dividends other than Permitted Remedies.

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Borrower Common Stock means the common stock of the Borrower.

  • REIT Shares means shares of common stock, $0.01 par value per share, of the Company.

  • Series B Common Stock means the Series B Common Stock, par value $0.01 per share, of the Company.

  • Parent Common Shares means the common shares of beneficial interest, $0.01 par value per share, of Parent.

  • Common Share means one share of the common stock of the Company.

  • Common Stock Consideration has the meaning set forth in Section 1.6(b).

  • Acquiror Common Stock means the common stock, $0.001 par value per share, of Acquiror.