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

• At the Effective Time, each outstanding, unexpired and unexercised Lambda Warrant shall be (i) cancelled and extinguished for no consideration on the Closing Date or (ii) other than the Tranche 2 Warrants, acquired by Pi for a Unit of Transaction Consideration (as defined in the applicable Lambda Warrant Agreement), in each case, in accordance with the terms of the applicable Lambda Warrant Agreement.

• 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.

• In addition to the foregoing, it shall be a condition to the funding of any Advances under Tranche 2, that Borrower shall issue Lenders the Tranche 2 Warrants.

• 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.

• It does not reflect the impact of the conversion of the New Secured Convertible Notes, the exercise of the Tranche 1 or Tranche 2 Warrants, or the issuance of shares to management under the Management Incentive Plan.

More Definitions of Tranche 2 Warrants

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

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

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