Rights Offering Pro Rata Share definition

Rights Offering Pro Rata Share means, with respect to an Eligible Holder as of the Subscription Rights Record Date, the proportion that (x) the number of Class A Shares such Eligible Holder is entitled to receive on account of its Allowed Class 4 Claims and pursuant to Section 5.4(a) of the Plan prior to the application of any reduction in the amount of Class A Shares distributed to holders of Senior Secured Facility Claims on account of the second sentence of Section 4.4(b) bears to (y) the total number of Class A Shares all Eligible Holders are entitled to receive on account of their Allowed Class 4 Claims and pursuant to Section 5.4(a) of the Plan prior to the application of any reduction on account of the second sentence of Section 4.4(b).
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Rights Offering Pro Rata Share means, as to any Allowed Class 6 Claim, a fraction, (i) the numerator of which is the amount of such Allowed Class 6 Claim as of the date of determination and (ii) the denominator of which is the aggregate amount of Allowed Class 6 Claims as of the Rights Offering Initial Record Date.
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Rights Offering Pro Rata Share means, as to any Allowed Class 5 Claim on the Rights Offering Record Date, a fraction, (i) the numerator of which is the amount of such Allowed Class 5 Claim as of the Rights Offering Record Date and (ii) the denominator of which is the aggregate amount of Allowed Class 5 Claims as of the Rights Offering Record Date.
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Examples of Rights Offering Pro Rata Share in a sentence

  • For the avoidance of doubt, the distribution of Class A Shares as part of the Settlement Consideration does not (x) include any right to purchase a corresponding Rights Offering Pro Rata Share of Class B Shares or (y) reduce any right to purchase Class B Shares that is otherwise distributable to holders of Senior Facility Claims on account of their Claims.

  • Pursuant to the Rights Offering, each Eligible Holder as of the Subscription Rights Record Date shall be granted non-transferable Subscription Rights to purchase up to such holder’s Rights Offering Pro Rata Share of 240,339,302 Class B Shares at the Subscription Purchase Price of $10.61 per share.

  • Pursuant to the Rights Offering, each Eligible Holder as of the Subscription Rights Record Date will be granted non-transferable Subscription Rights to purchase up to such holder’s Rights Offering Pro Rata Share of 240,339,302 Class B Shares at the Subscription Purchase Price of $10.61 per share.

  • Subscription Purchase Price means, for each holder of Subscription Rights, such holder’s Rights Offering Pro Rata Share multiplied by the Rights Offering Amount.

  • It was disappointing that, ten years after its adoption, that Treaty had still not entered into force.

  • Each of the Rights Offering Participants shall be entitled to receive Subscription Rights entitling such participant to subscribe for up to its Rights Offering Pro Rata Share of New Common Stock to be issued pursuant to the Rights Offering.

  • Although data have not been published, the National Institute of Standards and Technology (NIST) have observed stability for these three species, in a dry air matrix, for 15 years in similarly-treated cylinder types.

  • Each of the Eligible Holders shall be entitled to receive Subscription Rights entitling such participant to subscribe for up to its Rights Offering Pro Rata Share of the Rights Offering Stock.

  • The Plan gives Eligible Holders as of February 22, 2010 (the “Subscription Rights Record Date”) the right to purchase up to their Rights Offering Pro Rata Share (as defined in the Plan) of the Rights Offering Shares.

  • Pursuant to the Rights Offering, each Eligible Holder as of the Subscription Rights Record Date shall be granted Subscription Rights to purchase up to such holder’s Rights Offering Pro Rata Share of [ ] shares of Rights Offering New Common Stock at the Subscription Purchase Price of $[ ] per share.


More Definitions of Rights Offering Pro Rata Share

Rights Offering Pro Rata Share means, with respect to an Eligible Holder as of the Subscription Rights Record Date, the proportion that the amount of such Eligible Holder’s Allowed Claim for purposes of participating in the Rights Offering bears to the total amount of all Allowed Claims for purposes of participating in the Rights Offering as of the Subscription Rights Record Date.
Sample 1
Rights Offering Pro Rata Share means, with respect to any Allowed or Disputed General Unsecured Claim, Allowed or Disputed Self-Insured Tort Claim, or Allowed Old Unsecured Note Claim, a fraction, (a) the numerator of which is the Face Amount of such Claim as of the Rights Offering Record Date and (b) the denominator of which is the aggregate Face Amount of all Allowed General Unsecured Claims, Allowed Old Unsecured Note Claims, and Allowed Self-Insured Tort Claims as of the Rights Offering Record Date. A Rights Offering Pro Rata Share is subject to recalculation as described in Exhibit F hereto.
Sample 1
Rights Offering Pro Rata Share means, with respect to an Eligible Holder as of the Subscription Rights Record Date, the proportion that (x) the amount ofnumber of Class A Shares received by such Eligible Holder’s Allowed Claim for purposes of participating in the Rights Offering on account of its Class 4 Claims bears to (y) the total amount of allnumber of Class A Shares received by all Eligible Holders on account of their Allowed Class 4 Claims for purposes of participating in the Rights Offering as of the Subscription Rights Record Date.
Sample 1
Rights Offering Pro Rata Share means with respect to the Subscription Rights of each Rights Offering Participant, the ratio (expressed as a percentage) of such participant’s Rights Participation Claim Amount to the aggregate Rights Participation Claim Amounts of all Eligible Holders, determined as of the Subscription Expiration Date.
Sample 1
Rights Offering Pro Rata Share means, with respect to an Eligible Holder, the ratio of the amount of such Eligible Holder’s Allowed Claim for purposes of participating in the Rights Offering to the total amount of all Allowed Claims for purposes of participating in the Rights Offering as of the Subscription Rights Record Date (without adjustment for any Allowed Claims of those Eligible Holders who become an Eligible Holder after such date in accordance with the Solicitation Procedures Motion).
Sample 1

Related to Rights Offering Pro Rata Share

  • Rights Offering Amount means $300,000,000.

  • Rights Offering Shares means, collectively, the shares of New Common Stock issued in the Rights Offering.

  • Rights Offering Participants means those Persons who duly subscribe for Rights Offering Shares in accordance with the Rights Offering Procedures.

  • Pro Rata Share As to any Distribution Date, the Subordinated Principal Distribution Amount and any Class of Subordinated Certificates, the portion of the Subordinated Principal Distribution Amount allocable to such Class, equal to the product of the Subordinated Principal Distribution Amount on such Distribution Date and a fraction, the numerator of which is the related Class Certificate Balance thereof and the denominator of which is the aggregate of the Class Certificate Balances of the Subordinated Certificates.

  • Rights Offering has the meaning set forth in Section 4.1(b);

  • Ratable Share means, for any Guarantor in respect of any payment of Obligations, the ratio (expressed as a percentage) as of the date of such payment of Obligations of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of all of the Loan Parties exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties hereunder) of the Loan Parties; provided, however, that, for purposes of calculating the Ratable Shares of the Guarantors in respect of any payment of Obligations, any Guarantor that became a Guarantor subsequent to the date of any such payment shall be deemed to have been a Guarantor on the date of such payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such payment; and (c) “Contribution Share” shall mean, for any Guarantor in respect of any Excess Payment made by any other Guarantor, the ratio (expressed as a percentage) as of the date of such Excess Payment of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of the Loan Parties other than the maker of such Excess Payment exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties) of the Loan Parties other than the maker of such Excess Payment; provided, however, that, for purposes of calculating the Contribution Shares of the Guarantors in respect of any Excess Payment, any Guarantor that became a Guarantor subsequent to the date of any such Excess Payment shall be deemed to have been a Guarantor on the date of such Excess Payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such Excess Payment. This Section 10.06 shall not be deemed to affect any right of subrogation, indemnity, reimbursement or contribution that any Guarantor may have under Law against the Borrower in respect of any payment of Obligations.

  • Net Offering Proceeds means the proceeds received from (a) the issuance of any Capital Stock or (b) the incurrence of any Indebtedness, in each case net of the actual liabilities for reasonably anticipated cash taxes in connection with such issuance or incurrence, if any, any underwriting, brokerage and other customary selling commissions incurred in connection with such issuance or incurrence, and legal, advisory and other fees and expenses, including title and recording tax expenses, if any, incurred in connection with such issuance or incurrence.

  • Non Pro Rata Loan is defined in Section 9.2 hereof.

  • Optional Purchase Percentage means 5%.

  • Rights Offering Procedures means the procedures with respect to the Rights Offering that are approved by the Bankruptcy Court pursuant to the Disclosure Statement Order and shall be in form and substance reasonably acceptable to the Debtors and the Required Backstop Parties.

  • Available Shares means the sum of (i) one hundred fifty thousand (150,000) shares of Common Stock, and (ii) an annual increase on April 1st of each calendar year, beginning in 2022 and ending in 2031 (each a “Date of Determination”), in each case subject to the approval and determination of the Administrator on or prior to the applicable Date of Determination, equal to the lesser of (A) four percent (4%) of the total shares of Common Stock of the Company outstanding on the last day of the immediately preceding fiscal year and (B) such smaller number of shares as determined by the Administrator (the “Share Limit”). Notwithstanding the foregoing, shares added to the Available Shares by the Share Limit are available for issuance as Incentive Stock Options only to the extent that making such shares available for issuance as Incentive Stock Options would not cause any Incentive Stock Option to cease to qualify as such. In the event that the Administrator shall not take action to affirmatively approve an increase in the Share Limit on or prior to the applicable Date of Determination, the Share Limit and Available Shares, shall remain at such level as they were prior to such applicable Date of Determination. For clarity, the Available Shares is a limitation on the number of shares of Common Stock that may be issued pursuant to the Plan.

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Participation Maximum shall have the meaning ascribed to such term in Section 4.12(a).

  • Allocable Share means Allocable Share as that term is defined in the Master Settlement Agreement.

  • Designated Amount means the lesser of:

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Participating Share or “Share” means the Participating Shares of no par value in the

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Ratable Portion means, with respect to any Note, an amount equal to the product of (a) the amount equal to the net proceeds being so applied to the prepayment of Senior Indebtedness in accordance with Section 10.3(b), multiplied by (b) a fraction, the numerator of which is the outstanding principal amount of such Note, and the denominator of which is the aggregate principal amount of Senior Indebtedness of the Company and its Subsidiaries being prepaid pursuant to Section 10.3(b).

  • Allocable Percentage means, on any date of determination thereof, a fraction the denominator of which shall be equal to the number of Borrowers who are parties to this Agreement on such date and the numerator of which shall be 1; provided, however, that such percentages shall be modified in the event that contribution from a Borrower is not possible by reason of insolvency, bankruptcy or otherwise by reducing such Borrower’s Allocable Percentage equitably and by adjusting the Allocable Percentage of the other Borrowers proportionately so that the Allocable Percentages of all Borrowers at all times equals 100%.

  • Participation Amount as defined in Section 3.4(b).

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

  • Holder Pro Rata Amount means a fraction (i) the numerator of which is the original Principal amount of this Note on the Closing Date and (ii) the denominator of which is the aggregate original principal amount of all Notes issued to the initial purchasers pursuant to the Securities Purchase Agreement on the Closing Date.

  • Swing Line Participation Amount as defined in Section 2.7(c).