Examples of New Senior Preferred Stock in a sentence
If, however, the New Senior Preferred Stock are to be issued to a person other than the registered holder, then endorsements of any certificates transmitted hereby or separate bond powers are required.
In addition, delivery of New Senior Preferred Stock to such tendering holder may be subject to backup withholding in an amount equal to 31% of all reportable payments made after the exchange.
An auxiliary investigation was undertaken to ascertain the potential mitigating effects of restricting large cruise ship transits under the bridge based on one-minute average wind speed.
The CIT First Lien Lender Claims shall receive the (a) obligation to be evidenced by the New Senior Secured Credit Facility (in the principal amount of $10 million), and (b) shares of New Senior Preferred Stock in an amount sufficient to liquidate the balance of the Class 4(a) Claims (based on the liquidation preference of the entire New Senior Preferred Stock issue of $23.5 million), in full satisfaction of the CIT First Lien Lender Claims.
In addition to its other forms of compensation, Xxxxxx Xxxxx may also charge me account fees and/or service fees.
Reorganized TransTexas' ability to pay cash dividends in the future will be restricted by the Post-Confirmation Credit Facility and the New Senior Secured Notes Indenture and (with respect to the New Common Stock) the provisions of Reorganized TransTexas' Certificate of Incorporation relating to the New Senior Preferred Stock, and will depend upon Reorganized TransTexas' debt levels, earning levels, and book value and discounted value of certain tangible assets.
The New Senior Preferred Stock, issued pursuant to the Plan, shall be deemed to be validly issued, fully paid and nonassessable.
The Executive Committee will instruct the Disbursing Agent when to sell the shares of the New Senior Preferred Stock.
As a result, there will be no federal income tax consequences to the holder exchanging Old Senior Preferred Stock for New Senior Preferred Stock pursuant to the Preferred Exchange Offer.
For purposes of determining the amount of the redemption premium, redemption of the New Senior Preferred Stock will be deemed to occur at the mandatory redemption price unless, based on all of the facts and circumstances when the New Senior Preferred Stock is issued, the optional redemption is more likely than not to occur.