Warrant Equity means the New Common Stock issuable upon the exercise of the Warrants.
Warrant Equity means units of Preferred Equity; provided, that if there is a change such that the Equity Interests issuable upon exercise of the Warrants are issued by a Person other than the Company or there is a change in the class or type of Equity Interests so issuable, then the term “Warrant Equity” shall mean the smallest unit in which such Equity Interest is issuable (whether a share of stock in a corporation, a unit representing a membership interest in a limited liability company or another type of equity security issued by another type of entity).
Warrant Equity means the Reorganized Unit Corp. Interests issuable upon the exercise of the Warrant Package, subject to dilution by the MIP Equity.
Examples of Warrant Equity in a sentence
Irrespective of any adjustment in the amount of Common Stock issued upon exercise of an Equity Warrant, Equity Warrant Certificates theretofore or thereafter issued may continue to express the same number and kind of shares as are stated in the Equity Warrants initially issuable pursuant to this Agreement.
Irrespective of any adjustment in the amount of Common Stock issued upon exercise of an Equity Warrant, Equity Warrants theretofore or thereafter issued may continue to express the same number and kind of shares as are stated in the Equity Warrants initially issuable pursuant to this Agreement.
The New Common Shares and the Warrants (and the Warrant Equity issuable upon exercise thereof) issued pursuant to section 1145(a) of the Bankruptcy Code may be resold without registration under the Securities Act or other federal securities laws pursuant to the exemption provided by section 4(a)(1) of the Securities Act, unless the holder is an “underwriter” with respect to such Securities, as that term is defined in section 1145(b) of the Bankruptcy Code.
The Warrant Equity (upon payment of the exercise price in accordance with the terms of such Warrants) issued pursuant to this Plan shall be duly authorized, validly issued, fully paid, and non-assessable.
The Warrant Equity Percentage as of any day is the fraction of (1) the numerator of which is the Number of Warrants, and (2) the denominator of which is the number of Shares outstanding on such day.
More Definitions of Warrant Equity
Warrant Equity. The New Common Shares issuable upon the exercise of the Warrants, subject to dilution by the MIP Equity. Exhibit A DIP Term Sheet Key Terms Noteholder DIP Financing Borrower Halcón Resources Corporation Guarantor(s) All existing or future domestic subsidiaries of the Borrower Administrative Agent Wilmington Trust, National Association DIP Facility $35 million multi-draw DIP term loan facility, available in one borrowing on the entry of the Interim Order in an amount to be agreed and one borrowing on entry of the Final Order Tenor 6 months Pricing Interest: L+550 Undrawn Spread: 1.00% Fees Upfront Fee: 2.00% on allocated commitment amount, earned and paid in full on the closing date Administrative Agent Fees: $20,000 per annum and a $5,000 acceptance fee Security Subject to a professional fee carve-out, junior lien on all assets encumbered by the prepetition RBL facility, and a lien on any unencumbered assets (but subject to the adequate protection lien in favor of the RBL facility in such assets) Ranking Subject to the RBL liens, any recovery from the foreclosure of collateral shall be applied, first to post-petition secured xxxxxx and second, to the obligations outstanding under the DIP facility Milestones 30 days after petition date for final DIP order 75 days after petition date for confirmation of a plan of reorganization 95 days after the petition date for effective date of a plan of reorganization Key Terms Noteholder DIP Financing Financial Maintenance Covenants Rolling 13-week budget recast every four weeks subject to majority lender approval 4 week variance reporting with initial variance test performed 4 weeks after petition date and then performed every 4 weeks thereafter 120% permitted variance on aggregate operating disbursements Positive variance carryforward for immediately succeeding 4-week period Reporting Requirements Consolidated financial statements: monthly, quarterly, annual (audited) 4 week variance reporting with first variance report due 4 weeks after petition date Bi-weekly cash flow and operations update call Use of Proceeds Incremental liquidity purposes during the Borrower’s bankruptcy proceeding, subject to budget agreed to by majority lenders and permitted variances Closing Conditions Usual and customary conditions to closing for facilities and transactions of this type, including: Approval by the majority lenders of the initial budget Execution of credit documentation Delivery of PATRIOT Act information Grant of security int...
Warrant Equity means New Common Shares issuable upon the exercise of the Warrants, subject to dilution by the MIP Equity.
Warrant Equity means the smallest unit in which such Equity Interest is issuable (whether a share of stock in a corporation, a unit representing a membership interest in a limited liability company or another type of equity security issued by another type of entity).
Warrant Equity means Reorganized Equity issuable upon the exercise of the Reorganized McClatchy Warrants.
Warrant Equity means the Newco Equity to be issued upon the exercise of the
Warrant Equity means (i) all membership interests of Holdings issued or issuable pursuant to, and upon the exercise of, any Warrant, and (ii) any securities issued or issuable pursuant to the Warrants with respect to the membership interests referred to in the foregoing clause by way of an equity dividend or equity split or in connection with a combination or subdivision of equity interests, reclassification, merger, consolidation or other reorganization of Holdings.
Warrant Equity means the New Common Stock issued upon the exercise of the Warrants. B. Interpretation; Application of Definitions and Rules of Construction. Unless otherwise specified, all section or exhibit references in the Plan are to the respective section in, or exhibit to, the Plan, as the same may be amended, waived, or modified from time to time. The words “herein,” “hereof,” “hereto,” “hereunder,” and other words of similar import refer to the Plan as a whole and not to any particular section, subsection, or clause contained therein. The headings in the Plan are for convenience of reference only and shall not limit or otherwise affect the provisions hereof. For purposes herein: (a) in the appropriate context, each term, whether stated in the singular or the plural, shall include both the singular and the plural, and pronouns stated in the masculine, feminine, or neuter gender shall include the masculine, feminine, and the neuter gender; (b) any reference herein to a contract, lease, instrument, release, indenture, or other agreement or document being in a particular form or on particular terms and conditions means that the referenced document shall be substantially in that form or substantially on those terms and conditions; (c) unless otherwise specified, all references herein to “Sections” are references to Sections hereof or hereto; (d) the rules of construction set forth in section 102 of the Bankruptcy Code shall apply; and (e) any term used in capitalized form herein that is not otherwise defined but that is used in the Bankruptcy Code or the Bankruptcy Rules shall have the meaning assigned to that term in the Bankruptcy Code or the Bankruptcy Rules, as the case may be. C. Reference to Monetary Figures. All references in the Plan to monetary figures shall refer to Cash, unless otherwise expressly provided. D. Controlling Document. In the event of an inconsistency between the Plan and the Disclosure Statement, the terms of the Plan shall control. In the event of an inconsistency between the Plan and any Definitive Documents or other documents, schedules or exhibits contained in the Plan Supplement, subject to the RSA Definitive Document Requirements, such Definitive Document or other document, schedule or exhibit shall control. In the event of an inconsistency between the Plan or any Definitive Documents or other documents, schedules or exhibits contained in the Plan Supplement, on the one hand, and the Confirmation Order, on the other hand, the Confirmatio...