Direct Allocation Amount definition

Direct Allocation Amount has the meaning set forth in Section 2.4(a)(iii).
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Direct Allocation Amount means $3,408,035,810 in principal amount of New Convertible Notes Class C, which represents 50% of the New Convertible Notes Class C Aggregate Principal Amount; provided that if the aggregate amount of New Convertible Notes Class C subscribed and purchased by Eligible Equity Holders in the New Convertible Notes Preemptive Rights Offering exceeds $3,408,035,810 (i.e. 50% of the New Convertible Notes Class C Aggregate Principal Amount), then the Direct Allocation Amount shall be reduced by the amount of such excess.4
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Direct Allocation Amount means $25.0 million.
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Examples of Direct Allocation Amount in a sentence

  • The New Convertible Notes Class C Backstop Parties shall subscribe to the Direct Allocation Amount with an amount of Allowed Claims (and related new money) equal to approximately 50% of the Allowed Claims held by the New Convertible Notes Class C Backstop Parties; and 2.

  • C In connection with the New Convertible Notes Class C Subsequent Notes Allocation (defined below), New Convertible Notes Class C will be provided to the New Convertible Notes Class C Backstop Parties up to the Direct Allocation Amount (defined below).

  • The consideration provided by the New Convertible Notes Class C Backstop Parties for the Direct Allocation Amount and the consideration provided by the New Convertible Notes Class C Unsecured Creditors and the New Convertible Notes Class C Backstop Parties for the Unused Allocation Amount (including with respect to the New Convertible Note Class C Backstop Commitment) shall be comprised of US$0.921692 of new money for each $1 of Allowed Claims.

  • On and subject to the terms and conditions hereof and subject to the registration of the Plan Securities in the Registro de Valores of the CMF, the Backstop Parties shall be offered the Direct Allocation Securities, in an aggregate principal amount equal to the Direct Allocation Amount, based on the respective Backstop Commitment Percentages of such Backstop Parties.


More Definitions of Direct Allocation Amount

Direct Allocation Amount means (i) for each Senior Secured Backstop Commitment Party such Senior Secured Backstop Commitment Party’s Senior Secured Direct Allocation Amount and (ii) for each Convertible Backstop Commitment Party such Convertible Backstop Commitment Party’s Convertible Direct Allocation Amount.
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