Examples of Existing Preferred Interests in a sentence
On the Effective Date, all Existing Preferred Interests will be cancelled, released, and extinguished and will be of no further force and effect, and Holders of Existing Preferred Interests will not receive any distribution on account thereof.
Holders of Existing Preferred Interests are entitled to vote to accept or reject the Plan.
Borrower shall, at any time, cease to own, directly or indirectly, 100% of the Equity Interests (other than the Existing Preferred Interests) of DF Holdings and DF Homes.
Furthermore, the Plan contemplates the issuance of the New Warrants to holders of Existing Equity Interests and Existing Preferred Interests.
Additionally, the FIRPTA provisions generally will not apply upon a disposition of Existing Preferred Interests if (i) the Existing Preferred Interests continue to not be regularly traded on an established securities market, (ii) the Existing Common Interests continue to be regularly traded on an established securities market and (iii) the non-U.S. Holder did not own Existing Preferred Interests with a value greater than 5% of the value of the Existing Common Interests during a specified testing period.