Examples of PSI Common Stock in a sentence
The Holder of the Secured Motive Claim (Class 4) will (i) receive in respect of its Allowed Claim (1) $9 million in Cash, $4 million payable on the Effective Date and $5 million payable through deferred cash payments over four years, without interest, and (2) the Companies' stock in Motive Communications, Inc.; (ii) return to PSI all of its Old PSI Common Stock; and (iii) have terminated, extinguished or released any security interests, trusts or other liens with respect to its Claim.
The New PSI Common Stock will be the only class of equity securities of the Company outstanding immediately following the Effective Date.
On the Effective Date, the Old PSI Common Stock shall be cancelled, and with the exception of the Designated Stock Options, all Old PSI Common stock rights must be exercised in accordance with the notice to be sent by Peregrine to the relevant holders after entry of the Order Approving Disclosure Statement but in all events no later than the Ballot Deadline or be deemed cancelled and of no further force and effect.
Nasdaq Market Operations will determine the timing and the methods pursuant to which trading in New PSI Common Stock will commence.
No consideration will be provided to Holders of Claims or Interests in lieu of fractional shares of New PSI Common Stock.
Use its reasonable best efforts to cause the shares of PSI Common Stock constituting the PSI Consideration to be eligible for listing on the NASDAQ Small Cap Market and the Boston Stock Exchange upon official notification of issuance.
We advise you to check with your stockbroker to determine when and how trading will take place in the New PSI Common Stock.
If at any time the sum of the aggregate amount of all Class 8 Obligations is greater than $65 million, any and all remaining Reserved New PSI Common Stock shall be distributed Pro Rata to the holders of Allowed Class 7 Claims.
It also may authorize and issue New PSI Common Stock and additional securities pursuant to the Employee Stock Plan(s) or otherwise in accordance with applicable non-bankruptcy law.
Notwithstanding any provision in the Plan, Reorganized PSI shall be permitted to declare and pay dividends in respect of the New PSI Common Stock (whether in cash or in kind) as authorized and to the extent permitted in the Plan Documents.