Examples of Stock Election Form in a sentence
The Debtors will serve the Second Lien Notes Stock Election Form and the Equityholder Opt-Out Forms (together, the “ Plan Election Forms”) on the Holders of Second Lien Notes Claims and Existing Pyxus Interests, as applicable, on or before June 20, 2020.
Any such election must be made by delivery of a Stock Election Form, a form of which is attached hereto as Exhibit A, to the Company (attn: Chief Financial Officer) during a window period under the Company’s Insider Trading Policy and prior to the applicable Quarterly Payment Date with respect to which the election is to take effect.
Any Holder of Second Lien Notes Claims that does not submit a Second Lien Notes Stock Election Form on or prior to the Second Lien Notes Stock Option Deadline will be deemed to have elected the Second Lien Notes Cash Option.
The Second Lien Notes Stock Election Form, substantially in the form attached to the Motion as Exhibit C, is approved.
If a Holder of a Second Lien Notes Claim does not submit a Second Lien Notes Stock Election Form so that it is received by the Solicitation Agent on or before the Plan Election Deadline, such Holder will be deemed to have elected the Second Lien Notes Cash Option.
Notwithstanding the foregoing, a Stock Election may be superseded with respect to future payments of an Eligible Director’s Retainers by submitting a new Stock Election Form to the Secretary.
A Stock Election Form shall be 10 effective only with respect to Retainers payable after the date on which the Secretary receives the Stock Election Form.
Holders of Second Lien Notes Claims who do not return a Second Lien Notes Stock Election Form so as to be received by the Solicitation Agent on or before the Plan Election Deadline shall be deemed to have elected the Second Lien Notes Cash Option.
An Eligible Director may make a Stock Election to receive all or part of any or all of such Eligible Director’s Retainers in shares of Stock by submitting a Stock Election Form to the Secretary indicating the Stock Amount.