Tranche 1 Warrants definition

Tranche 1 Warrants means, collectively, the Tranche 1-A(1) Warrants, Tranche 1-A(2) Warrants, Tranche 1-B(1) Warrants and Tranche 1-B(2) Warrants, and each is a “Tranche 1 Warrant”.

Tranche 1 Warrants means those certain Tranche 1 warrants issued under the Tranche 1 Warrant Agreement, dated as of the date hereof, by and between the Company and Computershare.

Tranche 1 Warrants means the warrants to purchase the Capital Stock representing Class A common stock of Holdings, on a fully diluted basis, in accordance with the terms of such warrants, entered into by and among Holdings, the Lenders, or one or more of such Lenders’ respective affiliates or designees designated thereby, to be issued on the date hereof, or any replacement warrants thereof.

Examples of Tranche 1 Warrants in a sentence

• The Tranche 1 Warrants will be issued to ASSF IV and ASOF upon closing of the Tranche 1 Investment, which closing is subject to material conditions that are outside of the control of the Reporting Persons.

• Shareholder approval for the Tranche 1 Warrants was obtained on March 28, 2014.

• The Tranche 1 Warrants entitle the holders to purchase up to 33.33% of the number of common shares of the Company into which the principal amount of the Tranche 1 Debentures purchased by the holders are convertible at the initial fixed conversion price at any time before the third anniversary of the date that shareholder approval is received.

• The Borrower agrees to issue the Tranche 1 Warrants, Initial Tranche 2 Warrants, Additional Tranche 2 Warrants and Top Up Warrants to the Financier or the Financier’s nominee in accordance with this agreement.

• The conversion price of the Tranche 1 Debentures is $0.635 per share and the exercise price of the Tranche 1 Warrants was initially $0.762 per share and has been adjusted to $0.5786 per share (pursuant to Tranche 1 Warrant terms).

More Definitions of Tranche 1 Warrants

Tranche 1 Warrants means, on terms and conditions consistent with Exhibit 1 (together with such changes to the mechanics as shall be reasonably acceptable to the Company, the Ad Hoc Guaranteed Group, and the Ad Hoc Legacy Group), 7-year warrants with Black Scholes protection for 12.5% of the fully diluted Reorganized Parent Stock (subject to dilution by the Management Incentive Plan and the Tranche 3 Warrants) struck at the price that would result in payment of the Priority Guaranteed Notes in full at par plus accrued interest as of the Petition Date.

Tranche 1 Warrants means, on terms and conditions set forth in the Plan Supplement, 7-year warrants with Black Scholes protection for 12.5% of the fully diluted Reorganized Parent Stock (subject to dilution by the Management Incentive Plan, the Tranche 2 Warrants, and the Tranche 3 Warrants) struck at the price that would result in payment of the Priority Guaranteed Notes in full at par plus accrued interest as of the Petition Date.

Tranche 1 Warrants has the meaning set forth in the Restructuring Term Sheet. “Tranche 2 Warrants” has the meaning set forth in the Restructuring Term Sheet. “Tranche 3 Warrants” has the meaning set forth in the Restructuring Term Sheet. “Transfer” has the meaning set forth in Section 9(a).

Tranche 1 Warrants means, collectively, the warrants to purchase shares of Common Stock or Pre-Funded Warrants in the form attached hereto as Exhibit B.

Tranche 1 Warrants means the warrants to purchase shares of Lambda Common Stock issued pursuant to the Tranche 1 Warrant Agreement.

Tranche 1 Warrants has the meaning set forth in the Plan.

Tranche 1 Warrants means 100,000 of the Warrants that become exercisable upon satisfaction of the Tranche 1 Vesting Criteria;