Restructuring Shares definition

Restructuring Shares shall have the meaning as set forth in the Recitals.
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Restructuring Shares means the ordinary shares representing on a primary basis (including shares issued pursuant to employee plans) 91% of the issued ordinary share capital of the Company (or another company/companies within the Company's group of companies which is/are acceptable to the Committee) immediately following the Financial Restructuring Consummation.
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Restructuring Shares means up to 122,587,616 Ordinary Shares the Issuer will issue to M1 prior to the Conversion.
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Examples of Restructuring Shares in a sentence

  • Pursuant to the February 2020 Exchange Agreement and Fourth Amendment, the Borrower may, at Borrower’s option pay the Restructuring Fee (as defined in the February 2020 Exchange Agreement and Fourth Amendment) through the issuance of the Fourth Amendment Restructuring Shares (as defined in the February 2020 Exchange Agreement and Fourth Amendment).

  • The Subscriber shall be entitled to rely on the amount of Restructuring Shares to be received by each Claim Holder in accordance with the Dutch Composition Plans if it is calculated by the Subscriber under the Algorithm.

  • Bus shall prevent any distribution of capital or profits by a member of the Group except to its 100% holding company or to all holders of Restructuring Shares in proportion to their holdings or Restructuring Shares and on identical terms.

  • The Consenting Creditors acknowledge that the Consenting Creditors must bear the economic risk of their respective investments in the Restructuring Shares and New Notes for an indefinite period of time since the Restructuring Shares and New Notes have not been registered under the 1933 Act and therefore cannot be sold unless they are subsequently registered or an exemption from registration is available.

  • Upon the terms and subject to the conditions contained in this Agreement and the schedules hereto (including, without limitation, approval by the Current Shareholders at meetings of the Company’s shareholders of all necessary resolutions relating to the Restructuring) on the Effective Date the Consenting Noteholders will exchange (directly or indirectly through the Restructuring Trustee) their claims against the Company, as applicable, for their pro-rata entitlement to Restructuring Shares.

  • A “Private Subscription” shall involve the Company offering to Consenting Noteholders an exchange of their Notes for Restructuring Shares by means of a private subscription of Restructuring Shares for Notes.

  • For the avoidance of doubt, the PPSB Debt Restructuring Shares shall be entitled to the Proposed Rights Issue.

  • The WPC Debt Restructuring Shares and the WPP Debt Restructuring Shares when issued will, collectively represent approximately 14.9% of the issued and paid up share capital of the company as at 2 December 2004.

  • Such Investor shall have delivered to the Company (i) certificates representing all shares of Series D Preferred Stock owned by such Investor as of the date of the Closing and (ii) a Notice of Conversion for the Restructuring Shares in accordance with the terms of the Preferred Shares.

  • The exchange of the Notes for the Restructuring Shares will be implemented through the Restructuring Steps as described herein (including, without limitation, approval by the Current Shareholders at meetings of the Company’s shareholders of all necessary resolutions relating to the Restructuring).


More Definitions of Restructuring Shares

Restructuring Shares means up to 47,500,000 shares of Common Stock issuable to holders of Notes pursuant to the Financial Restructuring.
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Restructuring Shares shall have the meaning ascribed to it in the Restructuring Agreement;
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Restructuring Shares means the shares of Common Stock issued to the Investors pursuant to Section 1(a) of the Restructuring Agreement.
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Restructuring Shares means the shares in Bus to be issued to the Restructuring Shareholders and to Holding AB following the increase in Bus’ authorised share capital and completion of the Restructuring.
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Related to Restructuring Shares

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Reorganization Securities has the meaning set forth in Section 6.9 hereof.

  • Exchange Transaction means an exchange of Units for Common Units pursuant to, and in accordance with, the Exchange Agreement or, if the Issuer and the exchanging Limited Partner shall mutually agree, a Transfer of Units to the Issuer, the Partnership or any of their subsidiaries for other consideration.

  • Offering Shares means the shares of Common Stock included in the units sold in the Offering; (iv) “Placement Shares” shall mean the shares of Common Stock sold as part of the Placement Units; (v) “Placement Warrants” shall mean the Warrants to purchase up to an aggregate of 172,500 shares of Common Stock that are included in the Placement Units; (vi) “Placement Units” shall mean the aggregate of 690,000 Units of the Company (each Placement Unit consists of one-fourth of one Placement Warrant and one Placement Share) sold in the Private Placement for a purchase price of $6,900,000; (vii) “Trust Account” shall mean the trust account into which net proceeds of the Offering and the Private Placement will be deposited; (viii) “Prospectus” shall mean the prospectus included in the registration statement filed by the Company in connection with the Offering, as supplemented or amended from time to time; (ix) “Private Placement” shall mean that certain private placement transaction occurring simultaneously with the closing of the Offering pursuant to which the Company has agreed to sell an aggregate of 690,000 Placement Units to FinTech Investor Holdings VI, LLC (580,000 Placement Units) and Cantor (110,000 Placement Units); (x) “Sponsor” shall mean, collectively, FinTech Investor Holdings VI, LLC, a Delaware limited liability company, and FinTech Masala Advisors VI, LLC, a Delaware limited liability company; (xi) “Insiders” shall mean the Sponsor, any holders of Founder Shares, any person who receives Placement Units, Founder Shares or their respective underlying securities as a Permitted Transferee and each officer and director of the Company; and (xii) references to completion of the Offering shall exclude any exercise of the Underwriters’ over-allotment option.

  • Restructuring Transactions Memorandum means a document, to be included in the Plan Supplement, that sets forth the material components of the Restructuring Transactions and a description of the steps to be carried out to effectuate the Restructuring Transactions in accordance with the Plan, including the reorganization of the Debtors and issuance of the New Valaris Equity, through the Chapter 11 Cases, the Plan, or any Implementation Mechanism (including, in the United Kingdom, through the Administration).

  • Restructuring Support Agreement has the meaning set forth in the Recitals.

  • Acquisition Shares means the shares of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Pre-Closing Restructuring has the meaning specified in Section 6.14(a).

  • Restructuring Period means, whether or not there are Rated Securities at the time a Restructuring Event occurs, the period of 45 days starting from and including the day on which that Restructuring Event occurs.

  • Sale Transaction has the meaning set forth in Section 3(a).

  • Exempt Transactions means the transactions described in the section hereof titled “Exempt Transactions.”

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the holders of Common Shares. Such term does not include:

  • Make-Whole Acquisition Stock Price means the price paid per share of Common Stock in the event of a Make-Whole Acquisition. If the holders of shares of Common Stock receive only cash in the Make-Whole Acquisition in a single per-share amount, other than with respect to appraisal and similar rights, the Make-Whole Acquisition Stock Price shall be the cash amount paid per share of Common Stock. For purposes of the preceding sentence as applied to a Make-Whole Acquisition of the type set forth in clause (a) of the definition Make-Whole Acquisition, a single price per share of Common Stock shall be deemed to have been paid only if the transaction or transactions that caused the Make-Whole Acquisition to occur was a tender offer for more than 50% of the then-outstanding Common Stock. Otherwise, the Make-Whole Acquisition Stock Price shall be the average of the Closing Price per share of Common Stock on the ten Trading Days up to, but not including, the Make-Whole Acquisition Effective Date.

  • Restructuring Documents means, collectively, the documents and agreements (and the exhibits, schedules, annexes and supplements thereto) necessary to implement, or entered into in connection with, this Plan, including, without limitation, the Plan Supplement, the Exhibits, the Plan Schedules, the Amended/New Organizational Documents, the Exit Facility Loan Documents, and the Plan Securities and Documents.

  • Interim Capital Transactions means the following transactions if they occur prior to the Liquidation Date: (a) borrowings, refinancings or refundings of indebtedness and sales of debt securities (other than Working Capital Borrowings and other than for items purchased on open account in the ordinary course of business) by any Group Member; (b) sales of equity interests by any Group Member (including the Common Units sold to the Underwriters pursuant to the exercise of their over-allotment option); and (c) sales or other voluntary or involuntary dispositions of any assets of any Group Member other than (i) sales or other dispositions of inventory, accounts receivable and other assets in the ordinary course of business, and (ii) sales or other dispositions of assets as part of normal retirements or replacements.

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • Private Placement Transaction means a “limited offering” as defined from time to time in Rule 17j-l under the 1940 Act or any applicable successor provision. Currently, this means an offering exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) or 4(6) or Rule 504, 505 or 506 under that Act, including hedge funds.

  • Restructuring Event means the occurrence of any one or more of the following events:

  • Holdco Shares means the ordinary shares of HoldCo with a par value of US$0.0001 per share.

  • Common Share Reorganization has the meaning set forth in Section 4.1(a);

  • Restructuring Date means the date on which a Restructuring is legally effective in accordance with the terms of the documentation governing such Restructuring.

  • Reorganization Transactions shall have the meaning set forth in the Recitals.

  • Reorganization Transaction see clause (d) of the definition of “Change of Control.”

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);