Examples of Old Preferred Interests in a sentence
On the Effective Date, all Old Preferred Interests shall be cancelled, terminated and extinguished.
The legal, equitable, and contractual rights of holders of Old Preferred Interests are Impaired under the Plan of Reorganization.
In particular, no Holders of Claims or Interests junior to the Holders of Class 14 Subordinated 510(b) Claims, Class 15 Old Preferred Interests, Class 16 Old Common Interests and Class 18 Other Equity Interests will receive or retain any property under the Plan.
Specifically, the Interests in Class 15 Old Preferred Interests are legally distinct from and structurally senior to all other Interests in CIT Group Inc.
The legal, equitable, and contractual rights of holders of Old Preferred Interests are Impaired under the Plan.
On the Effective Date, all Old Preferred Interests shall be canceled, terminated and extinguished.
In particular, all of the Class 14 Subordinated 510(b) Claims, Class 15 Old Preferred Interests, Class 16 Old Common Interests and Class 18 Other Equity Interests are placed into their individual classes and given the same respective treatment; providedhowever that Class 15 Old Preferred Interests are granted Contingent Value Rights on account of such Interests' seniority to Subordinated 510(b) Claims and other CIT Group Inc.
Therefore, Holders of Class 5 Old Preferred Interests are not entitled to vote to accept or reject the Plan.
On the Effective Date, all Old Preferred Interests shall be deemed canceled and extinguished, and shall be of no further force and effect, whether surrendered for cancellation or otherwise, and there shall be no distribution to the Holders of Class 5 Old Preferred Interests.
In particular, all of the Class 14 Subordinated 510(b) Claims, Class 15 Old Preferred Interests, Class 16 Old Common Interests and Class 18 Other Equity Interests are placed into their individual classes and given the same respective treatment; provided however that Class 15 Old Preferred Interests are granted Contingent Value Rights on account of such Interests’ seniority to Subordinated 510(b) Claims and other CIT Group Inc.