Noteholder Election Option definition

Noteholder Election Option means the option offered to the NTL CC Subordinated Notes Holders, the NTL Delaware Subordinated Notes Holders (other than France Telecom), and the NTL Inc. Subordinated Notes Holders (other than France Telecom) as of the Noteholder Election Option Record Date, to purchase (a) shares of New NTL Common Stock and (b) shares of New NTL Common Stock (each accompanied by a Series A Warrant) that were not subscribed for in the Equity Rights Offering.
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Noteholder Election Option means the option offered to the NTL CC Subordinated Notes Holders, the NTL Delaware Subordinated Notes Holders (other than France Telecom), and the NTL Inc. Subordinated Notes Holders (other than France Telecom) as of the Noteholder Election Option Record Date, to purchase (a) shares of New NTL Common Stock and (b) shares of New NTL Common Stock (each accompanied by a Series A Warrant) that were not subscribed for in the Equity Rights Offering. "NTL Delaware, Inc." means NTL (Delaware) Inc. (formerly named NTL Incorporated), a company incorporated in Delaware.
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Noteholder Election Option means the option offered to the NTL CC Subordinated Notes Holders, the NTL Delaware Subordinated Notes Holders (other than France Telecom), and the NTL Inc. Subordinated Notes Holders (other than France Telecom) as of the Noteholder Election Option Record Date, to purchase (a) shares of New NTL Common Stock and (b) shares of New NTL Common Stock (each accompanied by a Series A Warrant) that were not subscribed for in the Equity Rights Offering. "Noteholder Election Option Record Date", and each defined term referred to in the definition thereof, has the meaning ascribed thereto in Appendix A (The Plan - Article I - Definitions, Rules of Interpretation and Computation of Time).
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Examples of Noteholder Election Option in a sentence

  • Subordinated Notes (other than France Telecom) as of the Noteholder Election Option Record Date to purchase (i) shares of New NTL Common Stock using up to 100% of the Delaware/Inc.

  • In accordance with the terms contained in the Noteholder Election Option Procedures, the Noteholder Election Option shall permit the holders of NTL CC Subordinated Notes, NTL Delaware Subordinated Notes (other than France Telecom), and NTL Inc.

  • Cash Amount by (2) the Noteholder Election Option Price, and (f) the New NTL Management Incentive Options is hereby authorized without further act or action under applicable law, regulation, order, or rule.

  • Requested Professional Liability Each Claim Deductible:$1,000 $10,000 $25,000$5,000 $15,000 $50,000 $100,000$250,000 Other: D.

  • Subordinated Notes (other than France Telecom) pursuant to Article III.C of this Plan at the Noteholder Election Option Price, plus (ii) any shares of New NTL Common Stock and Series A Warrants not subscribed for in the Equity Rights Offering on an oversubscription basis at the Noteholder Election Option Price.

  • The Noteholder Election Option, which shall be exercisable for a period of 20 Business Days following the entry of the Confirmation Order, as such period may be extended, shall be offered pro rata, but shall be exercisable on an oversubscription basis.

  • Subject to any requirement of applicable securities laws, the Noteholder Election Option shall be transferable in accordance with the provisions set forth in the Noteholder Election Option Procedures.

  • New NTL expects to use any remaining proceeds from the Noteholder Election Option to finance its construction, capital expenditure, and working capital requirements, including any debt service and repayment obligations, and to make permitted acquisitions of businesses and assets.

  • As of the Effective Date, the authorization by New NTL of (a) 600 million shares of New NTL Common Stock, (b) 5 million shares of "blank check" preferred stock, (c) 50 million Series A Warrants, (d) 15 million Equity Rights, (e) the Noteholder Election Option in an amount equal to the quotient obtained by dividing (1) the Delaware/Inc.

  • New NTL may at any time during the 12 months following the Effective Date, elect to use any proceeds remaining from the Noteholder Election Option after the DIP Facility Claims have been satisfied to repay all or part of the outstanding amounts due under the Working Capital Facility.

Related to Noteholder Election Option

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Election to Foreclose Any election by the Purchaser to proceed with the Commencement of Foreclosure, made in accordance with Section 2.03(a).

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Non-Electing Share has the meaning specified in Section 12.11.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Qualified Election means a Participant's waiver of a Qualified Joint and Survivor Annuity or a Qualified Pre-Retirement Survivor Annuity. Any such waiver must be consented to in writing by the Participant's Spouse. The Spouse's consent must: designate a specific Beneficiary (including any class of Beneficiaries or any contingent Beneficiaries, which may not be changed without spousal consent) or expressly permits designations by the Participant without any further spousal consent; acknowledge the effect of the election; and be witnessed by a member of the Committee or a Notary Public. Additionally, a Participant's waiver of the Qualified Joint and Survivor Annuity shall not be effective unless the election designates a form of benefit payment which may not be changed without spousal consent (or the Spouse expressly permits designations by the Participant without any further spousal consent). Notwithstanding this consent requirement, if the Participant establishes to the satisfaction of a member of the Committee that there is no Spouse or the Spouse cannot be located, a waiver will be deemed a Qualified Election. Any spousal consent (or deemed spousal consent) obtained under this provision will be valid only with respect to such Spouse. A consent that permits designations by the Participant without further consent by such Spouse must acknowledge that the Spouse has the right to limit consent to a specific Beneficiary and, where applicable, a specific form of benefit, and that the Spouse voluntarily elects to relinquish either or both of such rights. A revocation of a prior waiver may be made by a Participant without the consent of the Spouse at any time before the commencement of benefits. The number of revocations shall not be limited. No consent obtained under this provision shall be valid unless the Participant has received notice as provided in paragraph (b) below.

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Regular Purchase Notice means, with respect to any Regular Purchase pursuant to Section 2(a) hereof, an irrevocable written notice from the Company to the Investor directing the Investor to buy such applicable amount of Purchase Shares at the applicable Purchase Price as specified by the Company therein on the Purchase Date.

  • Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • Class Prepayment Distribution Trigger For a Class of Subordinate Certificates for any Distribution Date, the Class Prepayment Distribution Trigger is satisfied if the fraction (expressed as a percentage), the numerator of which is the aggregate Current Principal Amount of such Class and each Class of Subordinate Certificates subordinate thereto, if any, and the denominator of which is the Scheduled Principal Balance of all of the Mortgage Loans as of the related Due Date, equals or exceeds such percentage calculated as of the Closing Date.

  • Redemption Call Right has the meaning ascribed thereto in the Plan of Arrangement.

  • Exchange Election shall have the meaning specified in Section 14.12(a).

  • Second Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Scheduled Distribution means, with respect to any Collateral Loan, for each Due Date, the scheduled payment of principal and/or interest and/or fees due on such Due Date with respect to such Collateral Loan.

  • Payment Election means an election pursuant to Section 5.1.

  • Early Opt-in Election means the occurrence of:

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Repurchase Notice has the meaning set forth in Section 8.6(a).

  • Election Notice has the meaning set forth in Section 11.01(b).