New Permian Corp definition

New Permian Corp as defined in the Amended and Restated Backstop Commitment Agreement) having an aggregate exercise price of $465,000,000. An “Eligible Offeree” is a holder of an Allowed Unsecured Notes Claim, as defined in the Plan, as of [•]November 29, 8.625% SENIOR NOTES DUE 2020AND/OR 7.875% SENIOR NOTES DUE 2022 2017 (the “Rights Offering Record Date”), and is also either (a) an “accredited investor” (an “AI”) within the meaning of Rule 501(a) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”) or an entity in which all of the equity investors are AIs, or (b) a non-U.S. Person, as defined under Regulation S under the Securities Act.
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New Permian Corp means a newly formed Delaware corporation that, in accordance with the Restructuring Transactions shall, inter alia, be the issuer of the New Permian Corp. Shares pursuant to the Rights Offering and the Plan and shall purchase all of the New Permian LLC Equity from BBEP.
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New Permian Corp as defined in the Amended and Restated Backstop Commitment Agreement) having an aggregate exercise price of $465,000,000. An “Eligible Offeree” is a holder of an Allowed Unsecured Notes Claim, as defined in the Plan, as of [•], 2017 (the “Rights Offering Record Date”), and is also either (a) an “accredited investor” (an “AI”) within the meaning of Rule 501(a) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”) or an entity in which all of the equity investors are AIs, or (b) a non-U.S. Person, as defined under Regulation S under the Securities Act.
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Examples of New Permian Corp in a sentence

  • Although it is expected that all distributions of Rights Offering Securities and Substitute Distributions, if in the form of New Permian Corp.

  • Shares issued on (other than pursuant to the Plan) or after the Effective Date, including pursuant to any New Permian Corp.

  • In connection with the Plan, and in accordance with these procedures (the “Rights Offering Procedures”), the Debtor shall be required to implement the rights offering on behalf of New Permian Corp.

  • There is not and there may not be a public market for shares of New Permian Corp.

  • Shares issued pursuant to the Plan, but are subject to dilution from any New Permian Corp.

  • Any attempt to exercise Subscription Rights after the Rights Expiration Time shall be null and void and nether New Permian Corp.

  • Shares with respect to, or on account of, Disputed General Unsecured Claims as to which the holder elected to receive New Permian Corp.

  • The Debtor, on behalf of New Permian Corp., shall furnish Rights Exercise Forms to the Eligible Offerees and/or, to the extent applicable, their brokers, dealers, commercial banks, trust companies, or other agents or nominees (the “Subscription Nominees”).

  • Shares necessary to satisfy distributions pursuant to Sections 4.5(c) and 4.6 with respect to Allowed Claims as of the Effective Date, and the assumption of the obligation to issue New Permian Corp.

  • Pursuant to the Exchange Agreement, and in consideration for the foregoing transfers to New Permian Corp., New Permian Corp.

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