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.

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

• Each Right shall represent the right to acquire one share of Rights Offering Equity for the Rights Exercise Price.

• On the Effective Date, in full satisfaction of each Allowed Second Lien Note Claim, each Holder thereof shall receive its Pro Rata share of: (a) 85% of the New Common Stock, as fully-diluted by the Conversion Equity (measured through the Conversion Date), subject to dilution by the Employee Incentive Plan, the Rights Offering Equity, and the Warrants; (b) the New Convertible Debt; and (c) the Rights, if applicable.

• To guard against this possibility, the Equity Backstop Parties have agreed, pursuant to the Equity Backstop Agreement, to backstop, on a several, and not joint and several, basis, the Rights Offering and to purchase any of the Rights Offering Equity that is not subscribed for by the Holders of Notes Claims.

• The issuance of Securities under the Plan, including the shares of the New Common Stock, the Warrants, the shares of the New Common Stock issuable upon exercise of the Warrants, the Conversion Equity, the Rights Offering Equity, if any, and options, or other equity awards, if any, reserved under the Employee Incentive Plan, shall be authorized without the need for any further corporate action and without any further action by the Holders of Claims or Interests.

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

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,