UDC Warrants definition

UDC Warrants means 3-year warrants to purchase 325,000 shares of UDC common stock at a price of $20.00 per share which will be callable by UDC when UDC common stock trades at a price of $28.50 per share, or greater, for 10 consecutive trading days, which UDC will issue to the Debtor pursuant to the terms of the Warrant Agreement.
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Examples of UDC Warrants in a sentence

  • Proceeds of the UDC Warrants held for Class 8A shall only be distributed to such class (after recovery of the direct costs of such distribution).

  • CERTAIN SECURITIES LAW AND OTHER CONSIDERATIONS The issuance and transfer of the Common Stock of the Reorganized Company (the "Common Stock"), the New Debt, the UDC Warrants and shares of UDC common stock issuable upon exercise of -66- 69 the UDC Warrants (the "UDC Warrant Shares") and the possible issuance of Stock Option Shares by UDC (each as described in Section V of this Disclosure Statement above) raise several potential legal issues under the securities laws, which are discussed in this section.

  • Payments from the Excess Greenwich Collections, proceeds from sales of FMAC's furniture, fixtures and equipment and any voluntary prepayments from the Reorganized Company's other assets such as proceeds from the UDC Warrants and the Causes of Action, shall not result in a permanent paydown of the DIP Financing and Overadvance Facility, and the Reorganized Company will be allowed to reborrow under such facility to the extent permitted thereunder.

  • The UDC Warrants and the common stock for which they may be exercised are being registered pursuant to the Securities Act of 1933, as amended.

  • On the Effective Date, UDC will issue the UDC Warrants to the Reorganized Company pursuant to the Warrant Agreement in substantially the form attached as Exhibit D hereto.

  • Notwithstanding anything to the contrary herein, UDC will on or prior to the Effective Date contribute to FMAC as treasury stock all of UDC's common stock in FMAC as part of its consideration (along with the issuance of the UDC Warrants and other undertakings in this Plan) for the acquisition of the servicing assets described in Section 8.13.

  • The reasonable direct costs incurred by the Reorganized Company solely as a result of distributing the proceeds of the UDC Warrants to Class 8A Interestholders shall be netted from such distribution.

  • Guarantor agrees to perform as required of it pursuant to Section 2.08 of the Loan Agreement for the execution and delivery of the UDC Warrant Agreement and the issuance of the UDC Warrants, which terms of such Section 2.08 are incorporated herein by this reference.

  • If the UDC Warrant Event shall occur prior to the issuance of the Company Warrants, then the Company Warrants shall not be issued and the Company shall cause UDC to execute and deliver the UDC Warrant Agreement and issue the UDC Warrants not later than January 5, 1999.

  • Except as to shares of common stock in FMAC currently held by UDC which are being contributed as set forth in Section 8.15 hereof, all Allowed Interests in FMAC will receive the benefit of the greater of (i) UDC Warrants to purchase 32,500 common shares of UDC or (ii) their Pro Rata share of any UDC Warrants reallocated to Class 8A under the Alltel Cure Reallocation.

Related to UDC Warrants

  • SPAC Warrants means SPAC Private Warrants and SPAC Public Warrants, collectively.

  • Series C Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to three (3) years, in the form of Exhibit C attached hereto.

  • Series D Warrants means series D share purchase warrants of the Corporation issued to RTIH on May 22, 2012 in connection with the 2012 Rights Offering in accordance with the 2012 MoA, the terms of which are more particularly described under the heading “General Development of the Business – Agreements with the Rio Tinto Group – 2012 MoA”.

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately upon issuance and have a term of exercise equal to five (5) years from the initial exercise date, in substantially the form of Exhibit A attached hereto.

  • Public Warrants means the warrants included in the public units issued in the IPO, each of which is exercisable for one share of Common Stock, in accordance with its terms.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Insider Warrants is defined in the preamble to this Agreement.

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Series A Warrants means, collectively, the Series A Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series A Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series A Warrants shall be exercisable beginning immediately and have a term of exercise equal to six (6) months, in the form of Exhibit B-1 attached hereto.

  • Private Warrants means the Warrants the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.

  • Initial Warrants means the warrant to purchase shares of common stock of the Issuer issued pursuant to the Initial Warrants Purchase Agreement.

  • Sponsors’ Warrants means the warrants that are being sold privately by the Company simultaneously with the consummation of the IPO; and (vi) “Trust Fund” shall mean the trust fund into which a portion of the net proceeds of the Company’s IPO will be deposited.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Parent Warrants has the meaning set forth in Section 5.3(a).

  • Purchaser Warrants means Purchaser Private Warrants and Purchaser Public Warrants, collectively.

  • Broker Warrants has the meaning ascribed to such term in Section 12 hereof;

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • New Warrants means those certain warrants to purchase New Valaris Equity on the terms set forth in the New Warrant Agreement.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Placement Warrants shall have the meaning given in the Recitals hereto.

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Company Warrants means warrants to purchase shares of Company Common Stock.

  • Placement Agent Warrants shall have the meaning set forth in the Subscription Agreement.

  • Sponsor Warrants shall have the meaning given in the Recitals hereto.

  • Class A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.