Examples of Series B Interests in a sentence
REQUEST FOR WITHDRAWAL KS Capital Partners, L.P. x/x Xxxxxxxx Xxxxxx Consulting, LLC 000 Xxxxxxx Xxxxxx 0xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Tel: (000) 000-0000 Via facsimile: (000) 000-0000 Dear Sir or Madam: The undersigned limited partner (the “Limited Partner”) of KS Capital Partners, L.P. (the “Partnership”) hereby requests the withdrawal of all or a portion of the Limited Partner’s capital contribution attributable to Series A Interests or Series B Interests as indicated below.
Pursuant to Article III.B.1.c.iii and Article III.B.6.c.ii of the Plan, the Holders of Allowed Senior Credit Agreement Claims shall receive their allocable share of 100% of the Liquidation Trust Series A Interests, which is 64% of the aggregate Liquidation Trust Interests, and the Holders of Allowed Senior Unsecured Claims and Allowed General Unsecured Claims shall receive their allocable share of 100% of the Liquidation Trust Series B Interests, which is 36% of the aggregate Liquidation Trust Interests.
The Limited Partner requests to withdraw the applicable interests as of the withdrawal date (the “Withdrawal Date”) designated below: □ □ the next available withdrawal date (Series A Interests); or , 20 (Series B Interests).
In respect of the Request, the subject matter of the61ICJ, WesternSahara, Advisory Opinion, ICJ Reports 1975, 12, para 33.relevant treaty, ie the MCA Convention, is covered by, and closely reflects, a considerable and growing body of treaties, international standard practices, and customary law.
The Holders of the Liquidation Trust Series B Interests shall appoint two members of the Liquidation Trust Committee (collectively, the “Class B Representatives” and each a “Class B Representative” and with the A Representatives, collectively the “Representatives”).
Series B Interests are certain common stock holdings of so-called Series B Investors Charles Sposato, Fair Family, Phillip E.
As of June 22, 2020, the Administrator has distributed approximately $54.3 million on account of Series B Interests and is holding additional approved distributions of approximately$4.3 million in escrow for the benefit of holders of Series B Interests.
The remaining $3.9 million will be allocated Pro Rata among the Holders of Liquidation Trust Series B Interests.
On the Effective Date, all Series B Interests will be cancelled and no distribution will be made to any Class 6 member.
On or as soon as practicable after the Effective Date, each Holder of a Class C-2 Claim will receive, in full and final satisfaction of such Allowed Class C-2 Claim: (i) its Pro Rata share of 36% of the proceeds of the Pre-Effective Date Sale Transactions allocable to the Debtors’ unencumbered assets, (ii) its Pro Rata share of 100% of the Liquidation Trust Series B Interests, and (iii) its Pro Rata share of $3.9 million from the Committee Settlement Payment.