Examples of Equity Interests in a sentence
Asset Class Bank Loans $274,819,259 Bank Loans 84,757,103(a) Bank Loans – Corporate Bond 11,957,052(a) Convertible Corporate Bond 4,934,980 Corporate Bond 17,081,470 Equity Interests – Total $393,549,864 (a)The Fund utilized a recent transaction, specifically purchase price, to fair value this security.
Treatment: On the Effective Date, as specified in the Restructuring Transactions Exhibit, Allowed Equity Interests shall either (x) be cancelled, released and extinguished without further action of the Debtors, and shall have no further force or effect or (y) be Reinstated.
If the Company issues any Equity Interests for cash as part of a financing transaction (other than in connection with an “at the market” funding program), then the Investors will have the option (exercisable in writing by the Investors) to cause the Company to direct 30% of such proceeds from such issuance to repay the outstanding principal amount of the Notes on the date of closing of such issuance and any accrued, but unpaid, Interest (as defined in the Notes).
Voting: Holders of Allowed Equity Interests are conclusively presumed to have accepted the Plan pursuant to section 1126(f) of the Bankruptcy Code or deemed not to have accepted the Plan pursuant to section 1126(g) of the Bankruptcy Code, depending on the treatment selected above.
Holders of Allowed Equity Interests are not entitled to vote to accept or reject the Plan.