Plan Warrants definition

Plan Warrants refers to all of the Series of Plan Warrants as a group.

Plan Warrants means warrants exercisable not later than the fourth (4th) anniversary of the Consummation Date entitling the holder thereof to acquire one share of Newco Common Stock, subject to customary anti-dilution protections, based upon an exercise price of seventeen dollars and twenty-five cents ($17.25) per share and otherwise upon the terms and conditions contained in the Plan Warrant Agreement.

Plan Warrants means warrants to purchase common equity of the U.S. Borrower issued in connection with, and pursuant to, the Plan of Reorganization.

Examples of Plan Warrants in a sentence

• Each Series of Plan Warrants has an initial Exercise Price as set forth below.

• This notice shall set forth the facts to indicate the effect of the action (to the extent the effect may be known at the date of the notice) on the Exercise Price and the kind and amount of the Shares or other property deliverable upon exercise of the Plan Warrants.

• In the event a Warrant Holder fails to exercise a Plan Warrant before an Expiration Date or lapse of date specified in a Redemption Notice, the Contingent Agent shall have the rights specified in the Contingent Agent Agreement to act for the Warrant Holder with limitations and with a duty to the Warrant Holder to remit any benefits pro rata to the Warrant Holders of all similarly affected Plan Warrants.

• Any transfer must specifically acknowledge that this Agreement will continue to control the Plan Warrants so transferred.

• The Warrant Holder will pay all taxes attributable to the Plan Warrants or the initial issuance of Shares upon exercise of the Plan Warrants, including any tax that may be payable with respect to any transfer involved in any issue of Warrant Certificates or in the issue of any certificates of Shares upon the exercise of any Plan Warrant in a name other than that of the Warrant Holder.

More Definitions of Plan Warrants

Plan Warrants means the Series A Warrants and the Series B Warrants issued pursuant to the Plan.

Plan Warrants has the meaning set forth in Section 4.28 of this Agreement.

Plan Warrants means two (2) year warrants entitling the holders thereof to acquire in the aggregate two million (2,000,000) shares of Newco Common Stock based upon an exercise price of fifteen dollars ($15.00) per share and otherwise upon the terms and conditions contained in the Plan Warrant Agreement.

Plan Warrants means warrants for 5% of the New Common Stock of Reorganized Verso Corporation, subject to dilution by the Management Incentive Plan, on the terms set forth in the Warrant Agreement.

Plan Warrants means, collectively, the Class 5 Plan Warrants, the Class 6 Plan Warrants, the Class 9 Plan Warrants, and the Class 13 Plan Warrants.

Plan Warrants means (a) one (1) Common Stock purchase warrant per dollar of Financing Amount permitting the holder to purchase a certain amount of the Common Stock at an exercise price equal to $0.0002 per share with a cash call option permitting the Reorganized Debtor to redeem such warrant in the event that such warrant is registered in an effective registration statement for a price equal to the exercise price (subject to adjustment per the definitive documents) multiplied by the number of warrants outstanding; and (b) one (1) Common Stock purchase warrant per dollar of Financing Amount permitting the holder to purchase a certain amount of the Common Stock at an exercise price equal to $0.0004 per share.The Plan Warrants shall include such anti-dilution provisions which are standard for common stock purchase warrants of this type, with the anti-dilution to be terminated upon the Reorganized Debtor’s consummating the listing of its common stock on the NASDAQ Capital Markets or another senior exchange.

Plan Warrants has the meaning given to it in Section 7.2.