Penny Warrants definition
Penny Warrants means the warrants to purchase Noble Shares issued pursuant to the Penny Warrant Agreement.
Penny Warrants means warrants that will be issued on the Effective Date and exercisable from and after the Effective Date for a term of 90 days for 5% of the fully diluted Reorganized PEC Common Stock as of the Effective Date (after giving effect to the reservation and deemed issuance of shares of Reorganized PEC Common Stock for issuance upon conversion of the Preferred Equity, but subject to dilution by the LTIP Shares, and any post-Effective Date issuances of capital stock, including pursuant to any dividend or make-whole provision described in Exhibit I.A.174), with an exercise price of $0.01 per share of Reorganized PEC Common Stock, half of which shall be issued to the Noteholder Co-Proponents and half of which shall be available for distribution to the subscribers for the Rights Offering Equity Rights, subject to the terms of the Rights Offering and the Rights Offering Backstop Commitment Agreement.
Penny Warrants means penny warrants to subscribe for A Shares equal to 20 per cent. of the aggregate number of A Shares post-exercise of the warrants (on a fully diluted basis);
More Definitions of Penny Warrants
Penny Warrants means any warrants to acquire ordinary or preferred shares of OneWeb Global Limited exercisable at a strike price of $0.01.
Penny Warrants means warrants for Reorganized PEC Common Stock that will be issued on the Effective Date and exercisable from and after the Effective Date for a term of 90 days for 5% of the fully diluted Reorganized PEC Common Stock as of the Effective Date (following the dilution from the Preferred Equity, and subject to dilution by the LTIP Shares, the Incremental Second Lien Shares (if applicable), the Ticking Premium Shares (if applicable), the Disputed Claims Reserve Shares and any post-Effective Date issuance of capital stock), with an exercise price of $0.01 per share of Reorganized PEC Common Stock.
Penny Warrants means warrants to purchase up to 12.5% of the Company’s equity on a fully diluted basis at an exercise price of $0.01 and on such other terms as set forth on Exhibit F and otherwise in form and substance reasonably acceptable to the Supporting Noteholders.