Subscription Option definition

Subscription Option means the ability of the Qualified Ordinary Course Creditor to, at its option, convert a portion of the outstanding Allowed DIP Lender Claim into shares of New Equity in accordance with Section 4.5(b) of the Plan. The Plan Sponsor reserves the right to modify the Subscription Option, provided that (i) no such modification shall adversely impact the Plan treatment of other creditors and (ii) such modification is approved by the DIP Lender.

Subscription Option means the ability of the Qualified Ordinary Course Creditor to, at its option, exchange a total of up to $1,200,000 of its Allowed Post-Petition Lender Financing Claim for up to a total of 600 shares of New Equity at a rate of $2,000 of its Allowed Post-Petition Lender Financing Claim for one (1) share of New Equity. The Plan Sponsor reserves the right to modify the Subscription Option, provided that (i) no such modification shall adversely impact the Plan treatment of other creditors and (ii) such modification is approved by the Post-Petition Lender.

Subscription Option means a right to subscribe for new Shares granted in accordance with, and subject to, the rules of this Plan

Examples of Subscription Option in a sentence

• On the Effective Date, 1,000 shares of New Equity of the Reorganized Debtor shall be issued to the Plan Sponsor or an affiliate, in consideration for the Consideration and, to the DIP Lender, to the extent that it exercises the Subscription Option.

• Any shares issued by the Client pursuant to the exercise of the Subscription Option shall be issued subject to securities resale restrictions prescribed under Rule 144, promulgated under the 1933 Securities Act of the United States of America.

• To the extent Post-Petition Lender does not fully exercise the Subscription Option, the Financing Consideration payable by the Plan Sponsor under the Plan shall be in the amount sufficient to account for any Cash payment to the Post-Petition Lender on account of the Allowed Post-Petition Lender Financing Claim, such that the Plan Consideration provided to the Estate net of all Cash payments to the Post-Petition Lender on account of its Allowed Post-Petition Lender Financing Claim shall be $6,875,000.

• The Operating Agreement governs the obligations and business relationship of both parties, and in all material respects mirrors the terms of the original HudBay Subscription, Option and Joint Venture Agreement described in Note 5(a).

• On August 31, 2010, pursuant to the terms of a Subscription, Option and Joint Venture Agreement with Aquila Resources Inc.

More Definitions of Subscription Option

Subscription Option has the meaning set forth in the Subscription Agreement.

Subscription Option means the ability of the Qualified Ordinary Course Creditor to, at its option, exchange a total of up to $3,000,000 of its Allowed DIP Claim for up to a total of 600 shares of New Equity at a rate of $5,000 of its Allowed DIP Claim for one (1) share of New Equity. The Consideration payable by the Plan Sponsor under the Plan shall be reduced on a dollar-for-dollar basis to reflect the amount of Allowed DIP Claim exchanged for New Equity pursuant to the Subscription Option.

Subscription Option means the right to subscribe to newly issued Shares.

Subscription Option means your chosen subscription to one or more of our VT API, VT FNOL or Platform Application Options, through which you can access your VT Platform Data, as selected by you in your Order or amended from time to time.

Subscription Option means the level of subscription and service which the Buyer will receive in relation to the Product, as selected by the Buyer at the time of raising the Work Order and subsequently agreed between the Parties (and the options were set out by the Supplier in the Pricing Options, with the selected option by the Buyer being detailed in the Work Order);

Subscription Option means a right to subscribe for new Shares granted in accordance with, and subject to, the rules of this Scheme "Subsidiary" means any company which is for the time being a subsidiary (as defined in section 1159 of the Companies Act) of the Company and under the Control of the Company "TCGA" means the Taxation of Chargeable Gains Act 1992 "Trust" means the Headlam Employees' Share Trust constituted by a deed dated 16 June 1999 (or any other trust established by the Company for the benefit of employees of members of the Group) "Trustee" means the trustee(s) for the time being of a Trust

Subscription Option means a right to subscribe for new Shares granted inaccordance with, and subject to, the rules of this Scheme