Equity Security Holders definition
Examples of Equity Security Holders in a sentence
No other discretionary bonuses shall be awarded so long as the Parent remains in Chapter 11 without (a) written approval of the Official Committee of Unsecured Creditors of the Parent and the Official Committee of Equity Security Holders of the Parent or (b) by order of the Bankruptcy Court.
On June 3, 2004, the United States Trustee in the Reorganization Case appointed the Official Committee of Equity Security Holders to represent the interests of holders of equity of the Company (the "Equity Committee").
Consequently, the Proponents believe that the Plan, which provides for the continuation of the Plan Debtors' business, consummates the consolidation of the Debtors, avoids an asset fire sale, provides an opportunity to share in future revenues and provides increased liquidity and value to the Equity Security Interests while paying all Creditors in full, will not result in a distribution to Creditors and Equity Security Holders which is less than a distribution under a Chapter 7 liquidation.
The rights of the PCM Equity Security Holders arising ------------- from their ownership of PCM Equity Security Interests remain unaltered and unaffected and they are unimpaired and not entitled to vote on the Plan.
Equity Security Holders will participate from this cash fund in the ratio that each Equity Security Holders' unreturned capital bears to the total unreturned capital of all Equity Security Holders, which is consistent with and pursuant to Section 8.1.(a) of the Operating Agreement.
In addition, the PAM Funds are collectively holding ▇▇proximately $16.6 million of which, not less than $12 million and as much as $13 million, within the sole discretion of PCMLLC, will be made available for distribution by PCMLLCs to the PAM Funds Equity Security Holders, ▇▇e PCMLLC members.
The Plan Proponents believe the Plan is in the best interest of Equity Security Holders because it provides Equity Security Holders with the opportunity to participate in the anticipated growth of PCMLLC.
Delivery shall be by first class mail (without registration or insurance), except for those Equity Security Holders having a registered address outside the United States (who will only receive copies of the Prospectus, instruction letter and other documents as the Company deems necessary or appropriate, if any), delivery shall be by air mail (without registration or insurance) or by first class mail (without registration or insurance) to those Equity Security Holders having APO or FPO addresses.
The Equity Security Interests of Equity Security Holders are Allowed Equity Security Interests in the amount of the initial investment set Forth in Exhibit C-1 to the Operating Agreement attached as Exhibit 1 to the Plan.
As soon as practicable thereafter, the PAM Fund will distribute their Ini▇▇▇l LLC Units ("Redistributed LLC Units") to their respective Equity Security Holders in an amount equal to the number of LLC Units held by all of the PAM Funds multiplied by the fracti▇▇ obtained by dividing the total cash investment made by each Equity Security Holder in each such PAM Fund by the total cash investm▇▇▇ of all Equity Security Holders in all such PAM Funds.