Examples of Rights Offering Purchaser in a sentence
Each Rights Offering Purchaser (including the Backstop Party, if applicable) must tender its Subscription Payment Amount to the Debtors so that it is actually received on or prior to the Subscription Payment Date.
On the Subscription Notification Date, the Debtors will notify each Rights Offering Purchaser of its respective allocated portion of Rights Offering Shares (including its Oversubscription Shares, if any), and if the Debtors have selected a Backstop Party, the Debtors will notify the Backstop Party after the Subscription Deadline of its portion of the Remaining Rights Offering Shares that the Backstop Party is obligated to purchase pursuant to the Backstop Rights Purchase Agreement.
On, or as soon as reasonably practicable after, the Effective Date, the Reorganized Debtors or other applicable Disbursing Agent shall distribute the Rights Offering Shares purchased by each Rights Offering Purchaser.
In the event the conditions to the Effective Date are not met or waived by the deadline set forth in Section 10.2(8) below or the requirements of Section 6.10(1) are not satisfied, such payments shall be returned, without accrual or payment of any interest thereon, to the applicable Rights Offering Purchaser, without reduction, offset or counter-claim.
Any Rights Offering Purchaser who fails to tender its Subscription Payment Amount so that it is received on or prior to the Subscription Payment Date shall be deemed to have forever and irrevocably relinquished and waived its right to participate in the Rights Offering.
In the event that the Debtors receive any New Capital Proceeds from the Rights Offering and those proceeds, when coupled with any other New Capital Proceeds, are insufficient to satisfy the requirements of the preceding sentence, the Debtors shall return such New Capital Proceeds to the applicable Rights Offering Purchaser or Rights Offering Purchasers in accordance with Section 6.10(4).
In the event the Debtors and the Required Consenting Noteholders determine that a Stockholders Agreement and/or Registration Rights Agreement will be executed and delivered in connection with the Plan, upon receipt of its Rights Offering Stock, each Rights Offering Purchaser that receives new Common Stock shall be deemed to have executed, as of the Effective Date, the Stockholders Agreement and/or Registration Rights Agreement, as applicable.
Subscription Payment Amount means, with respect to a particular Rights Offering Purchaser, an amount of Cash equal to the Rights Offering Amount multiplied by such Rights Offering Purchaser’s subscribed for portion of its Pro Rata Share of the Rights Offering Stock.
Rights Offering Purchaser means a holder of a Noteholder Claim as of the Rights Offering Record Date (or a subsequent holder of a Noteholder Claim if transferred in accordance with Section 7.2(d)) who timely and properly executes and delivers the Subscription Form and causes its Nominee to tender its Subscription Payment Amount by wire transfer of immediately available funds to the Debtors or other entity specified in the Subscription Form prior to the expiration of the Subscription Deadline.
On, or as soon as reasonably practicable after, the Effective Date, Reorganized RMC or another applicable Disbursing Agent shall distribute the Rights Offering Stock purchased by such Rights Offering Purchaser set forth in the Subscription Form or Rights Offering Backstop Investor to such Rights Offering Purchaser set forth in the Subscription Form or Rights Offering Backstop Investor.