Class C Warrants definition

Class C Warrants has the meaning set forth in the recitals.

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Class C Warrants means, collectively, the Class C Common Stock purchase warrants, if any, delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Class C Warrants shall be exercisable immediately after issuance and will expire five years after the Closing Date, in the form of Exhibit B attached hereto.

Class C Warrants means warrants to purchase 10 percent of the New Common Stock (after giving effect to the Rights Offering, but subject to dilution by the Management Incentive Plan), at an initial exercise price per share of $36.18. The Class C Warrants are exercisable from the Effective Date until February 9, 2026.

Examples of Class C Warrants in a sentence

• On the Closing Date, the Company will issue and deliver Class C Warrants to the Subscribers.

• Upon receipt of a Warrant Exercise Form and payment for the shares of Common Stock purchased pursuant to the exercise of such Class A Warrants, the Company shall issue to the Holder New Class C Warrants to purchase the same number of shares of Common Stock at $0.75 per share as the number of shares with respect to which the Holder shall have exercised its Class A Warrants.

• The Company has agreed to issue the Exchange Securities to the Holder in exchange for the Outstanding Indebtedness and the Outstanding Securities, and to issue the New Class C Warrants, all on the terms and conditions set forth in this Agreement.

• When issued and paid for upon exercise in accordance with the New Class B Warrants and the New Class C Warrants and issued upon conversion in accordance with the terms of the Amended Debenture, the Warrant Shares and the Conversion Shares will be duly and validly issued, fully paid, and non-assessable.

• In addition, the Company has offered to issue to the Holder new Class C Warrants having the same terms as the Class A Warrants issued to the Holder in connection with the Debentures (the “New Class C Warrants”) if the Holder exercises such Class A Warrants at a reduced exercise price of $0.60 per share at any time during the thirty-day period following the date hereof.

More Definitions of Class C Warrants

Class C Warrants means, collectively, the Common Share Purchase Warrants delivered to the Underwriters in accordance with Section 2.1(a) and Section 2.2, which Warrants shall be exercisable immediately and have a term of exercise equal to five years, in the form of Exhibit B-1 attached hereto.

Class C Warrants has the meaning set forth in Section 2(h).

Class C Warrants means the Class C Warrants to purchase Common Stock issued to the Class C Holder in accordance with the Plan.

Class C Warrants means the 1,666,666 Warrants for the Purchase of Common Stock of the Company to be issued by the Company pursuant to this Agreement, in the form of Exhibit B.

Class C Warrants means the Warrants issuable upon exercise of the Class B Warrants.

Class C Warrants means Common Stock Purchase Warrant of the Company with a term of exercise of five (5) years following the Initial Exercise Date.

Class C Warrants means, to the extent issued pursuant to the Plan, warrants to purchase 10.0% of the fully-diluted New Common Shares at an initial exercise price per share struck at a $216.5 million equity valuation for Reorganized Holdings, with a term of five (5) years, and such other terms consistent with the Restructuring Support Agreement and as fully set forth in the applicable Warrant Agreement.