UDC Warrants definition
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.