Note Rights Offering definition

Note Rights Offering means, the offering to purchase up to $119.4 million in aggregate principal amount of the New Secured Notes offered on a Pro Rata basis to holders of Allowed Claims in Class B3, Class D3, and Class F3 in accordance with the Rights Offering Procedures and the Investment Agreement.

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Examples of Note Rights Offering in a sentence

• The Senior Note Rights Offering Shares equal 84.8% of the New Equity Interests, subject to dilution by the GUC Rights Offering, Warrant Equity and the Management Incentive Plan, and the New Equity Interests issued to Encana.

• Note Backstop Parties have executed the Backstop Agreement whereby they have agreed to fully backstop the Senior Notes Rights Offering and purchase any unsubscribed Senior Note Rights Offering Shares in exchange for an aggregate backstop fee payable in fully-diluted New Equity Interests in an amount equal to 6% of the Senior Note Rights Offering Shares (the “Backstop Fee”).

• On the Effective Date, the Debtors shall consummate the Equity Rights Offering and the Note Rights Offering in accordance with the Rights Offering Procedures.

• The Debtors shall consult with the Committee and the Required Consenting Parties to ensure that holders of General Unsecured Claims participate in the Note Rights Offering and Equity Rights Offering in accordance with Article III of the Plan.

• The Senior Note Rights Offering Shares equal 56.684.8% of the New Equity Interests, subject to dilution by the GUC Rights Offering, Warrant Equity and the Management Incentive Plan., and the New Equity Interests issued to Encana.

• Parties will execute a backstop commitment agreement (the “Backstop Commitment Agreement”) whereby they will agree to fully backstop the Senior Notes Rights Offering and purchase any unsubscribed Senior Note Rights Offering Shares in exchange for an aggregate backstop fee payable in 1 See Exhibit A.

• Note Backstop Parties will execute a backstop commitment agreement (the “have executed the Backstop Commitment Agreement”) whereby they will agreehave agreed to fully backstop the Senior Notes Rights Offering and purchase any unsubscribed Senior Note Rights Offering Shares in exchange for an aggregate backstop fee payable in fully-diluted New Equity Interests in an amount equal to 6% of the Senior Note Rights Offering Shares (the “Backstop Fee”).

• Note Backstop Parties will execute a backstop commitment agreement (the “Backstop Commitment Agreement”) whereby they will agree to fully backstop the Senior Notes Rights Offering and purchase any unsubscribed Senior Note Rights Offering Shares in exchange for an aggregate backstop fee payable in fully-diluted New Equity Interests in an amount equal to 6% of the Senior Note Rights Offering Shares.

• Seller understands, based on its experience, the disadvantage to which such Seller is subject due to the disparity of information between Purchaser and Seller with respect to the Note Rights Offering Securities.

• Purchaser understands, based on its experience, the disadvantage to which such Purchaser may be subject due to the potential disparity of information between Purchaser and Seller with respect to the Note Rights Offering Securities.