Senior Noteholder Subscription Rights definition

Senior Noteholder Subscription Rights means the non-certificated rights to be distributed to each Holder of Senior Notes Claims that will enable each Holder thereof to purchase its Pro Rata share of 97% of New Common Shares in the Backstopped Equity Rights Offering Amount, subject to dilution by the New Common Shares to be issued in connection with the MIP Equity, the Backstop Commitment Premium, and the exercise of the New Warrants, at a 35% discount to Plan Equity Value, pursuant to the terms of the Equity Rights Offering Procedures, the Backstop Commitment Agreement, and the other Equity Rights Offering Documents.
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Senior Noteholder Subscription Rights means the Subscription Rights allocated to holders of Allowed Senior Notes Claims in accordance with the applicable Rights Offering Procedures.
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Senior Noteholder Subscription Rights means the non-certificated rights to be distributed to each Holder of Senior Notes Claims that will enable each Holder thereof to purchase its Pro Rata share of 97% of New
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Examples of Senior Noteholder Subscription Rights in a sentence

  • Any accrued market discount that is not included in income should be applied to any “securities” received in the exchange (such as the New Common Stock or Senior Noteholder Subscription Rights), such that any gain recognized by a holder upon a subsequent disposition of such securities would be treated as ordinary income to the extent of any accrued market discount not previously included in income.

  • Rights Offering Conditioned Upon Effectiveness of the Plan; Reservation of Senior Noteholder Subscription Rights; Return of Rights Offering Amount All exercises of Senior Noteholder Subscription Rights are subject to and conditioned upon the effectiveness of the Plan.

  • Notwithstanding anything contained herein, in the Disclosure Statement or in the Plan to the contrary, the Debtor reserves the right, with the approval of the Required Backstop Parties, not to be unreasonably withheld, to modify these Senior Noteholder Rights Offering Procedures or adopt additional detailed procedures if necessary in the Debtor’s business judgment to more efficiently administer the distribution and exercise of the Senior Noteholder Subscription Rights or comply with applicable law.

  • For the avoidance of doubt, any such Eligible Senior Noteholder Offeree, and not a designee, shall remain responsible for the exercise and payment of its Senior Noteholder Subscription Rights.

  • The Debtor may (i) waive any defect or irregularity, or permit a defect or irregularity to be corrected, within such times as it may determine in good faith to be appropriate or (ii) reject the purported exercise of any Senior Noteholder Subscription Rights for which the Senior Noteholder Rights Exercise Form and/or payment includes defects or irregularities.

  • Exercise of Senior Noteholder Subscription Rights Each Eligible Senior Noteholder Offeree that elects to participate in the Senior Noteholder Rights Offering must affirmatively make a binding, irrevocable election to exercise its Senior Noteholder Subscription Rights (the “Binding Senior Noteholder Rights Election”) before the Senior Noteholder Rights Expiration Time.

  • Issuance The Senior Noteholder Rights Offering Securities to be issued pursuant to the Senior Noteholder Rights Offering are expected to be delivered to Eligible Senior Noteholder Offerees that have properly exercised their Senior Noteholder Subscription Rights on or as soon as practicable following the Effective Date.

  • A holder’s aggregate tax basis in the New Common Shares received upon exercise of a Senior Noteholder Subscription Right should be equal to the sum of (i) the amount paid upon exercise of the Senior Noteholder Subscription Rights and (ii) the holder’s tax basis in the Senior Noteholder Subscription Rights.

  • Unless otherwise indicated, the discussion herein assumes that the Senior Noteholder Subscription Rights are respected as options to acquire New Common Shares (including the discussion above regarding the calculation of gain or loss).

  • In addition, if at a later date we test these or similar models, we would not expect to implement them through rulemaking if made voluntary but would employ the methods used to implement other voluntary models.

Related to Senior Noteholder Subscription Rights

  • Senior Noteholders means the holders of the Senior Notes.

  • Senior Noteholder means the Holder of any Senior Note.

  • Note A-9 Holder means the Initial Note A-9 Holder or any subsequent holder of Note A-9, as applicable.

  • Note A-7 Holder means the Initial Note A-7 Holder or any subsequent holder of Note A-7, as applicable.

  • Initial Note A-7 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Note A-8 Holder means the Initial Note A-8 Holder or any subsequent holder of Note A-8, as applicable.

  • Subordinated Shareholder Funding means, collectively, any funds provided to the Issuer by any Parent, any Affiliate of any Parent or any Permitted Holder or any Affiliate thereof, in exchange for or pursuant to any security, instrument or agreement other than Capital Stock, in each case issued to and held by any of the foregoing Persons, together with any such security, instrument or agreement and any other security or instrument other than Capital Stock issued in payment of any obligation under any Subordinated Shareholder Funding; provided, however, that such Subordinated Shareholder Funding:

  • Noteholder Purchase Notice has the meaning assigned to such term in Section 12.

  • Initial Note A-6 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Note A-6 Holder means the Initial Note A-6 Holder or any subsequent holder of Note A-6, as applicable.

  • Initial Note A-8 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Series A Purchase Agreement means the Series A Preferred Unit Purchase Agreement, dated as of June 20, 2017, by and among the Partnership and the Series A Purchasers thereunder, as may be amended from time to time.

  • Initial Note A-5 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Initial Holders has the meaning set forth in the preamble.

  • Series B Purchase Agreement has the meaning set forth in the Recitals.

  • Preferred Shareholders means the holders of Preferred Shares.

  • Preferred Stock Purchase Agreement means the Preferred Stock Purchase Agreement, dated September 7, 2008, between the Company and the United States Department of the Treasury.

  • Senior Holder means, (i) the Note Holders of Series A until the Secured Obligations in respect of Series A Equipment Notes have been paid in full, (ii) after the Secured Obligations in respect of Series A Equipment Notes have been paid in full, the Note Holders of Series B until the Secured Obligations in respect of Series B Equipment Notes have been paid in full and (iii) after the Secured Obligations in respect of Series B Equipment Notes have been paid in full, the Note Holders of Series C until the Secured Obligations in respect of Series C Equipment Notes have been paid in full.

  • Initial Note A-4 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Note A-5 Holder means the Initial Note A-5 Holder or any subsequent holder of Note A-5, as applicable.

  • Initial Noteholders shall have the meaning assigned to such term in the recitals.

  • Senior Interest Holders means, collectively, the Lenders, the Administrative Agent, the Borrower Indemnified Parties, the Servicer Indemnified Parties and the Affected Persons.

  • Key Holders means the persons named on Schedule B hereto, each person to whom the rights of a Key Holder are assigned pursuant to Subsection 3.1, each person who hereafter becomes a signatory to this Agreement pursuant to Subsection 6.9 or 6.17 and any one of them, as the context may require.

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • Preferred Shareholder means any holder of Preferred Shares.