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 (excluding the shares issuable under the new management share option plan set forth in the Term Sheet and upon exercise of the Warrants) 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 the shares of Common Stock issued to the Investors pursuant to Section 1(a) of the Restructuring Agreement.
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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).

  • No preemptive rights or other rights to subscribe for or purchase securities exist with respect to the issuance and sale of the Shares, the Rights Offering Shares or the Restructuring Shares by Wyndham pursuant to the Transaction Documents or the issuance of Wyndham Common Stock on conversion of the Shares or the Rights Offering Shares.

  • Change of control (for these purposes, defined as the acquisition by a single person or group, other than a Permitted Holder (defined as each Consenting Noteholder which signs the Restructuring Agreement and receives Restructuring Shares (as defined therein)) of 35% or more of Bus’, Holding’s or Nordic’s voting shares, pursuant to a bona fide transaction at arm’s length, and the ownership by such person or group of a voting share percentage which exceeds that of Permitted Holders generally).

  • The evaluator must use professional judgment to make responsible decisions using as many data points as possible gathered during the year.

  • Each Investor, severally and not jointly, hereby agrees that at the Closing (as defined below) it will (i) exchange Preferred Shares for shares of Series F Preferred Stock and (ii) convert the accrued dividends on the Preferred Shares into the Restructuring Shares, each in the amounts set forth in the Schedule of Investors and on the terms and conditions set forth herein.

  • This Agreement shall continue in force for ten (10) years from the date of this Agreement, subject to an unlimited number of renewals upon mutual consent of the parties.

  • The proceeds of the Issuance of Restructuring Shares that are not applied, or required to be applied, to prepay the Securities under this clause 2.1.1 (IV) (i) may be applied by the Issuer for any purpose, including, without limitation, to the repayment of the Bridge Loan.

  • As long as any Holder owns Series C Preferred Stock, Series D Preferred Stock, Conversion Shares or Restructuring Shares, the Company covenants to timely file (or obtain extensions in respect thereof and file within the applicable grace period) all reports required to be filed by the Company after the date hereof pursuant to Section 13(a) or 15(d) of the Exchange Act.

  • The Subscriber will keep and maintain complete and accurate records showing the number of the Rights to Restructuring Shares or Restructuring Shares delivered by it on the Closing Date.

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


More Definitions of Restructuring Shares

Restructuring Shares shall have the meaning ascribed to it in the Restructuring Agreement;
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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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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 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 issued pursuant to this Agreement and Investor Warrant Shares.

  • 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 each class of shares of beneficial interest 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 consideration paid per share of Common Stock in a Make-Whole Acquisition. If such consideration consists only of cash, the Make-Whole Acquisition Stock Price shall equal the amount of cash paid per share of Common Stock. If such consideration consists of any property other than cash, the Make-Whole Acquisition Stock Price shall be the average of the Closing Price per share of Common Stock on each of the 10 consecutive 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;

  • 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);