Examples of GGP Warrants in a sentence
New GGP shall reserve for issuance the number of shares of New GGP Common Stock sufficient for issuance upon exercise of the New GGP Warrants.
Each of the Reporting Persons, as an indirect parent of each of Sub 3, BRH II Sub, BWP, BRH Warrants, New GGP Subco, New LLC 1, BPY V, New GGP Warrants and Retail Mall (collectively, the “Direct Holders”), may be deemed to have had, or will have, respectively, an indirect pecuniary interest in the shares of the Class B Stock and Series B Preferred Stock that are directly beneficially owned by each of the Direct Holders.
For clarity, the Brookfield Investor shall not be restricted from transferring any shares of New GGP Common Stock, New GGP Warrants, or shares issuable upon exercise of the New GGP Warrants from and after the eighteen (18) month anniversary of the Effective Date.
New GGP will reserve for issuance the number of shares of New GGP Common Stock sufficient for issuance upon exercise of the New GGP Warrants.
Common Stock held directly by New GGP Warrants LLC, a Delaware limited liability company (“ New GGP Warrants”).
The New GGP Warrants and the new Spinco Warrants (i) are subject to anti-dilution adjustments in connection with dividends and certain other events, (ii) provide for a right to require that the warrants be cashed out at a Black-Scholes-based formula value upon certain change in control events and (iii) provide registration rights.
Each of the Reporting Persons, as an indirect parent of each of BRH VII, BRH II Sub, BWP, BRH Warrants, New GGP Subco, New LLC 1, BPY V, New GGP Warrants, Retail Mall and BPY I (collectively, the “ Direct Holders”), may be deemed to have an indirect pecuniary interest in an indeterminate portion of the shares of Common Stock and Series B Preferred Stock of the Issuer (“Class B Stock”) that are directly beneficially owned by each of the Direct Holders.
In accordance with Instruction 4(b)(iv), the entire amount of the Common Stock held by each of Retail Mall, BRH Warrants, BWP and New GGP Warrants is reported herein.
The following diagrams are included to illustrate the equity holdings following the consummation of the Plan and the Investment Agreements(6):[Remainder of page has been left intentionally blank](6) Blackstone has entered into agreements with the Investors pursuant to which it has agreed to subscribe at closing for approximately 7.6% of the New GGP Common Stock and Spinco Common Stock allocated to each of the Investors and receive an allocation of each Investor’s New GGP Warrants and Spinco Warrants.
Series B Preferred Stock held directly by New GGP Warrants LLC, a Delaware limited liability company (“ New GGP Warrants”).