Examples of Closing Date Holder in a sentence
If the total dollar amount of all Eligible Allowed Unsecured Claims validly electing the Cash Election is greater than $108,518,719, the amount each Closing Date Holder of such Eligible Allowed Unsecured Claims will receive for each $1.00 of such Eligible Allowed Unsecured Claims will be determined by multiplying $0.1843 by a fraction calculated by dividing $108,518,719 by the total dollar amount of all Eligible Allowed Unsecured Claims validly making the Cash Election.
Such delivery shall be made to such Closing Date Holder, whether such holder, the Record Date Holder or another holder between the Record Date and the Closing Date paid the purchase price therefor.
When a Disputed Unsecured Claim becomes an Allowed Claim, the Closing Date Holder of such Claim shall be entitled to distributions of Class 5 Distribution Shares or, if the holder is a Validly Electing Holder, Cash Election Payment Amounts in the amounts and at the times provided in Article V and this Article X.
On the Closing Date, Holder shall deduct the first monthly payment of principal, interest and redemption premium due under this Debenture from the proceeds due to the Company from the purchase of this Debenture.
On each Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer, an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified in Section 13(f) hereof.
Debtor may, in its discretion, treat a beneficial owner of Senior Subordinated Notes through a nominee as a "holder," including treating such a beneficial owner on the Record Date as the Record Date Holder and treating such a beneficial owner on the Closing Date as the Closing Date Holder.
As provided in Section 5.5, each Closing Date Holder of an Allowed Claim that is an Eligible Allowed Unsecured Claim validly electing the Cash Election shall receive in satisfaction, release and discharge of and in exchange for such holder's Eligible Allowed Unsecured Claim, cash in an amount equal to $0.1843 (subject to reduction as provided below) for each $1.00 of such Claim.
Prior to the Closing Date, Holder shall instruct its broker or other participant in the Fast Automated Securities Transfer Program of The Depository Trust Company (“DTC”) to transfer and deliver the Convertible Notes to the Trustee for purposes of cancellation.
Prior to the Closing Date, Holder shall instruct its broker or other participant in the Fast Automated Securities Transfer Program of The Depository Trust Company (“DTC”) to transfer and deliver the Exchange Preferreds being exchanged to the Trustee for purposes of cancellation.
Anytime after the Closing Date, Holder is entitled to convert the face amount of this Debenture, plus accrued interest, into Common Stock at the lesser of (a) $0.72 or (b) seventy percent (70%) of the average of the lowest three (3) day bid prices as reported by Bloomberg, LP for the twenty day period prior to the Conversion Date (each being referred to as the Conversion Price).