Examples of Old Common Stock Interests in a sentence
Old Common Stock Interests shall be cancelled, released, and extinguished and holders of such Interests will not receive any distributions under the Plan.
In accordance with the terms contained in the Equity Rights Offering Procedures, the Equity Rights Offering shall permit the holders of Old Senior Preferred Stock Interests, Other Junior Preferred Stock Interests, and Old Common Stock Interests as of the Equity Rights Offering Record Date to receive rights to subscribe to purchase 15,000,000 shares of New NTL Common Stock exercisable on an oversubscription basis at the Equity Rights Offering Price.
Notwithstanding any provision contained in this Plan to the contrary, the Old Common Stock Interests shall be deemed Allowed Class 14 Interests for all purposes under this Plan.
In this regard, as set forth below, the Consenting Noteholders have authorized and consented to the restructuring of their debt to provide for (i) the reinstatement of Class 7A, 7B, 7C, and 7D General Unsecured Claims, Class 8A, 8B, 8C, and 8D Intercompany Claims and Class 9A, 9B, 9C, and 9D Equity Interests in Affiliate Debtors, and (ii) a contingent distribution of new equity to Class 10(a)A Old Common Stock Interests.
Holders of Old Common Stock Interests shall receive no Distribution under the Plan.
On the Effective Date, the Senior Notes, the Subordinated Notes, any documents and instruments which evidence the Senior Debt Claims and the Subordinated Claims, the Old Preferred Stock Interests, the Old Common Stock Interests and the Other Equity Interests will (a) be cancelled and (b) have no effect other than the right to participate in the distributions, if any, provided under the Plan in respect of such Claims and Equity Interests.
On the Effective Date, all Old Common Stock Interests shall be canceled, annulled and extinguished, and each holder of an Allowed Old Common Stock Interest (including any such Interest consisting of accrued and unpaid dividends on the Old Preferred Stock Interests) shall receive its Pro Rata Share of one-third (1/3) of the New Warrants to be issued pursuant to the Plan.
Holders of Intercompany Claims (Class 7), and Old Common Stock Interests (Class 8) are not entitled to vote on the Plan because they are not receiving or retaining any property thereunder, and therefore are deemed to reject the Plan.
Because holders of Claims in Class 6 (Subordinated Claims) and Class 7 (Old Common Stock Interests) are not receiving a distribution on account of such Claims and Interests under this Plan, they are conclusively presumed to have rejected this Plan, and the votes of such holders will not be solicited.
On the Effective Date, the Senior Notes, the Subordinated Notes, any documents and instruments which evidence the Senior Debt Claims and the Subordinated Claims, the Old Preferred Stock Interests, the Old Common Stock Interests and the Other Equity Interests shall (a) be cancelled and (b) have no effect other than the right to participate in the distributions, if any, provided under the Plan in respect of such Claims and Equity Interests.