Tranche 2 Warrants definition

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

Tranche 2 Warrants means those certain Tranche 2 warrants issued under the Tranche 2 Warrant Agreement, dated as of the date hereof, by and between the Company and Computershare.

Tranche 2 Warrants has the meaning set forth in the Plan.

Examples of Tranche 2 Warrants in a sentence

• SUBSCRIP TIO N AG RE EM ENT A (“SUPPLEMENTAL AGREEMENT (1)”) Pursuant to Subscription Agreement A, and as disclosed in the Announcement, the Company shall issue an aggregate of 153,000,000 Warrants comprising 120,000,000 Warrants (Tranche 1 Warrants) and 33,000,000 Warrants (Tranche 2 Warrants) to Steady Flake Limited (Subscriber A).

• On 24 May 2022 (after trading hours), the Company as issuer entered into Supplemental Agreement (1) with Subscriber A as subscriber pursuant to which the parties have agreed, amongst other things, that the obligations of the parties for the issue and subscription of 33,000,000 Warrants (Tranche 2 Warrants) shall be suspended indefinitely and the issue and subscription of 33,000,000 Warrants (Tranche 2 Warrants) will not proceed.

• Warrants will vest in multiple tranches as follows:  Tranche 1 Warrants – 234,574 Warrants which vest on the last day of the month on the first year anniversary of the issue of the Warrants; and  Tranche 2 Warrants – 234,574 Warrants which vest on the last day of the month on the second year anniversary of the issue of the Warrants.

• Completion of the issue of Tranche 2 Warrants and the Subscriber B Warrants shall take place on the earlier of (i) the second Business Day following the date on which the Tranche 2 and Subscriber B Conditions Precedent are fulfilled (or waived, as the case may be) and (ii) 30 March 2023, being twelve (12) months from the date of the relevant Subscription Agreement, or such other date as may be agreed between the Company and the relevant Subscriber.

• On the Tranche 2 Funding Date, subject to the terms and conditions herein, (x) the Borrowers and the Company delivered the Tranche 2 Notes with an aggregate principal amount equal to the Tranche 2 Advance, and Tranche 2 Warrants with respect to the Tranche 2 Advance, respectively, and (y) the Purchasers paid the Tranche 2 Advance to the Borrowers and the Company by wire transfer to accounts designated by the Borrowers and Company prior to the Tranche 2 Funding Date.

More Definitions of Tranche 2 Warrants

Tranche 2 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 120% of 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 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 2 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 on the form attached hereto as Exhibit 5.18, by and among Holdings, the Lenders, or one or more of such Lenders’ respective affiliates or designees designated thereby, to be issued pursuant to, and in accordance with, Section 5.18, or any replacement warrants thereof.

Tranche 2 Warrants means the Tranche 2 Debenture Warrants and Tranche 2 Exchange Warrants;

Tranche 2 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 and the Tranche 3 Warrants) struck at 120% of 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 2 Warrants means 50,000 of the Warrants that become exercisable upon satisfaction of the Tranche 2 Vesting Criteria;

Tranche 2 Warrants means the warrants to purchase shares of Lambda Common Stock issued pursuant to the Tranche 2 Warrant Agreement.