New PPN Warrants definition

New PPN Warrants means warrants to purchase the New PPNs to be issued upon exercise of the New Unvested Warrants, the terms of which shall be conformed with those of the existing provisions of the Unvested Warrants to the extent possible, and the form of which shall be included in the Plan Supplement and shall be consistent in all material respects with the Restructuring Support Agreements and/or otherwise in form and substance acceptable to the Debtor and the Requisite Parties.
Sample 1Sample 2Sample 3
New PPN Warrants means warrants to purchase the New PPNs to be
Sample 1

Examples of New PPN Warrants in a sentence

  • On the Effective Date, the Debtor shall establish the Grantor Trust pursuant to the Grantor Trust Agreement for the purpose of holding the New PPNs, the New PPN Warrants and the New PPN SARs and the Debtor will cause the Grantor Trust to issue and deliver the Grantor Trust Certificates, the New Unvested Warrants and the New SARs to the Debtor.

  • The New PPN SARs will be issued in order to allow new PPNs to be issued to correspond to new Grantor Trust Certificates to be issued upon the exercise of the New SARs. The New Series A Notes, the New Series B Notes, the New PPNs, the Grantor Trust Certificates, the New Unvested Warrants, the New PPN Warrants, the New SARs, and the New PPN SARs are collectively referred to as the “Restructuring Securities”.

  • Creation of Grantor Trust; Grantor Trust Certificates; New Unvested Warrants; New SARs On the Effective Date, the Debtor shall establish the Grantor Trust pursuant to the Grantor Trust Agreement for the purpose of holding the New PPNs, the New PPN Warrants and the New PPN SARs and the Debtor will cause the Grantor Trust to issue and deliver the Grantor Trust Certificates, the New Unvested Warrants and the New SARs to the Debtor.

  • In any case, the New PPN Warrants, New PPN SARs, the New SARs, and the Unvested Warrants will not be publicly traded.

  • The Grantor Trust also will hold the New PPN Warrants and the New PPN SARs with respect to the New Unvested Warrants and the New SARs that will be distributed by the Debtor to the holders of the Existing Warrants and Existing SARs. There will be no practical or economic difference to the holders in holding the Grantor Trust Certificates instead of the New PPNs directly, and this structure will permit Lamington to remain in compliance with Irish securities laws.

  • The Debtor expects that the Restructuring Securities (except the New PPN Warrants, New PPN SARs, the New SARs, and the Unvested Warrants) will be freely tradeable and listed for trading on a foreign public stock exchange deemed suitable for this purpose by the Debtor.

  • The Grantor Trust Trustee will hold the New PPNs, the New PPN Warrants, and the New PPN SARs and the holders of the Grantor Trust Certificates, New Unvested Warrants, and New SARs will have rights as provided in the Grantor Trust Agreement.The identity of the Grantor Trustee will be disclosed in the Plan Supplement.The Grantor Trust Certificates will be listed for trading on a stock exchange deemed suitable for this purpose by the Debtor.

Related to New PPN Warrants

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately upon issuance and have a term of exercise equal to five (5) years from the initial exercise date, in substantially the form of Exhibit A attached hereto.

  • Series D Warrants means series D share purchase warrants of the Corporation issued to RTIH on May 22, 2012 in connection with the 2012 Rights Offering in accordance with the 2012 MoA, the terms of which are more particularly described under the heading “General Development of the Business – Agreements with the Rio Tinto Group – 2012 MoA”.

  • SPAC Warrants means SPAC Private Warrants and SPAC Public Warrants, collectively.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Series C Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to three (3) years, in the form of Exhibit C attached hereto.

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Parent Warrants has the meaning set forth in Section 5.3(a).

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Purchaser Warrants means Purchaser Private Warrants and Purchaser Public Warrants, collectively.

  • Sponsors’ Warrants means the warrants that are being sold privately by the Company simultaneously with the consummation of the IPO; and (vi) “Trust Fund” shall mean the trust fund into which a portion of the net proceeds of the Company’s IPO will be deposited.

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • Initial Warrants means the warrant to purchase shares of common stock of the Issuer issued pursuant to the Initial Warrants Purchase Agreement.

  • Series A Warrants means, collectively, the Series A Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series A Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series A Warrants shall be exercisable beginning immediately and have a term of exercise equal to six (6) months, in the form of Exhibit B-1 attached hereto.

  • Broker Warrants has the meaning ascribed to such term in Section 12 hereof;

  • Company Warrants means warrants to purchase shares of Company Common Stock.

  • New Warrants means those certain warrants to purchase New Valaris Equity on the terms set forth in the New Warrant Agreement.

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • Insider Warrants is defined in the preamble to this Agreement.

  • Special Warrants means the special warrants issued by the Company, at a price of $0.10 per Special Warrant, pursuant to the Special Warrant Private Placement and entitling the holder thereof to acquire, for no additional consideration, one Common Share pursuant to the terms and conditions in the Special Warrant Certificates; and

  • Placement Agent Warrants shall have the meaning set forth in the Subscription Agreement.

  • Warrant Securities means this Warrant and the Warrant Shares, collectively.

  • Book Entry Warrants means Warrants that are to be held only by or on behalf of the Depository;

  • Sponsor Warrants shall have the meaning given in the Recitals hereto.

  • Additional Warrants means such further warrants as may be required or permitted to be issued by the Company in accordance with Condition 5 (such further warrants to rank pari passu with the Original Warrants and for all purposes to form part of the same series), each such Additional Warrant entitling the holder thereof to subscribe for one (1) New Share at such price as may be determined in accordance with Condition 5, upon and subject to the Conditions;