Rights Offering Equity definition

Rights Offering Equity means the New Common Stock issued pursuant to the New Equity Agreement or the Rights Offering, if any.

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Rights Offering Equity means shares of New Common Equity (including any New Common Equity issuable upon exercise of the New Warrants as of the Effective Date, without regard to any limitations on the exercise of the New Warrants) issued pursuant to the Rights Offering, including shares issued on account of the backstop commitments provided under the Equity Backstop Agreement and the Debt Backstop Agreement.

Rights Offering Equity means Class B Membership Interests of GMAC to be purchased pursuant to an offering of approximately $1.25 billion of common membership interests of GMAC to GMAC’s existing common membership interest holders.

Examples of Rights Offering Equity in a sentence

• By filling in the following blanks, you are indicating that the undersigned 1145 Eligible Holder is interested in purchasing the number of 1145 Rights Offering Equity specified below (specify a number of 1145 Rights Offering Equity, which is not greater than the Maximum 1145 Participation Amount calculated in Item 2a above), on the terms and subject to the conditions set forth in the 1145 Rights Offering Procedures.

• In so doing, and subject to the consent of the Requisite Commitment Parties, the Debtors may execute and enter into agreements and take further action that the Debtors determine in good faith is necessary and appropriate to effectuate and implement the 1145 Rights Offering and the issuance of the 1145 Rights Offering Equity.

• If any Rights are transferred by an 1145 Eligible Holder in contravention of the foregoing, the Rights will be cancelled, and neither such 1145 Eligible Holder nor the purported transferee will receive any 1145 Rights Offering Equity otherwise purchasable on account of such transferred 1145 Rights.

• For the purposes of this Section, the term “Rights Offering Equity” shall include any securities issued with respect to the Rights Offering Equity pursuant to a reorganization of GMAC.

• The Borrower hereby grants to the Lender (and its successors and assigns; provided, that such successor or assign shall not be an automobile manufacturer or any affiliate thereof unless it is otherwise approved by the Borrower in writing), the option (the “Option”) to exchange 100% of the Obligations for the Rights Offering Equity in full satisfaction of such Obligations.

More Definitions of Rights Offering Equity

Rights Offering Equity means the New Common Stock distributed in connection with the Rights Offering upon exercise of the Subscription Rights.

Rights Offering Equity means, collectively, the 1145 Rights Offering Equity, the Accredited Investor Rights Offering Equity and the 4(a)(2) Backstop Commitment Equity.

Rights Offering Equity shall include any securities issued with respect to the Rights Offering Equity pursuant to a reorganization of GMAC.

Rights Offering Equity means shares of New Common Equity (including any New Common Equity issuable upon exercise of the New Warrants as of the Effective Date, without regard to any limitations on the exercise of the New Warrants) issued pursuant to the Rights Offering,

Rights Offering Equity means New Common Shares issued pursuant to the Equity Rights Offerings.

Rights Offering Equity means 60% of the New Equity, subject to dilution resulting from the Equity Put Fee (to the extent such fee is not waived by any of the Backstop Parties), the Management Equity Issuance and the Contingent Value Rights.

Rights Offering Equity. New Common Shares issued pursuant to the Equity Rights Offerings.