Examples of New Series C Warrants in a sentence
For a discussion of the New Series B Warrants and New Series C Warrants, see subsections VI.E.2 and VI.E.3, below, entitled "Securities to Be Issued Pursuant to the Plan -- New Series B Warrants" and "Securities to Be Issued Pursuant to the Plan -- New Series C Warrants," respectively.
The New Series B Warrants and the New Series C Warrants have the terms and conditions described below.
The term "Convertible Securities" shall mean any evidence of indebtedness, shares or other securities (other than the Series C Warrants, the FondElec/Internexus Warrants, the warrants issued in connection with the Purchase Agreement, or the New Series C Warrants) convertible into or exercisable or exchangeable for Common Stock, and the securities into which such Convertible Securities are convertible or exchangeable by their terms.
The term "Options" shall mean any and all rights, options or warrants (other than the Management Securities, the Series C Warrants, New Series C Warrants, the FondElec/Internexus Warrants, the warrants issued in connection with the Purchase Agreement or the New Series C Warrants) to subscribe for, purchase or otherwise in any manner acquire Common Stock or Convertible Securities.
The market and economic conditions upon which the values of the New Series B Warrants and New Series C Warrants are based are beyond the control of CHI, and therefore, the actual results achieved necessarily may vary (higher or lower).
Based on the foregoing calculations, it is estimated that if Class 8 votes to accept the Plan, each holder of an Allowed Series G Equity Interest will be entitled to its Pro Rata Share of 239,899 New Series B Warrants and 155,724 New Series C Warrants.
Series G Distribution means each of (a) that number of New Series B Warrants equal to the product of (i) the Series G Percentage and (ii) the aggregate number of New Series B Warrants and (b) that number of New Series C Warrants equal to the product of (x) the Series G Percentage and (y) the aggregate number of New Series C Warrants.
The exercise price per share of the New Series C Warrants will be approximately $18.45 (assuming a Commencement Date of September 30, 1997) and such warrants will have the benefit of customary antidilution provisions, and protections against Extraordinary Distributions (as such term is defined in the Series C Warrant Agreement).
The exercise price of the New Series C Warrants will be based on the accreted claim of the holders of the Senior Discount Notes as of the Commencement Date.
NEW SERIES C WARRANTS The New Series C Warrants, which will be issued to the Holders of Allowed Claims in Classes 7, 8 and 9 on the Effective Date and expire on the eighth anniversary thereof, entitle such holders to subscribe for the purchase of up to an aggregate of 5.0% of the New Common Stock, subject to dilution due to the issuance by Reorganized CHI of shares of New Common Stock pursuant to the exercise of the New Series B Warrants and the Management Options by the holders thereof.