Examples of Globalstar in a sentence
Globalstar service is provided through stations operated by and roaming agreements of Globalstar USA.
Subject to the approval of its shareholders, the warrants will be issued by Globalstar Telecommunications Limited ("GTL"), a general partner of Globalstar, and upon such approval, GTL will be issued additional warrants representing an approximate 2% equity interest in Globalstar.
Globalstar has also agreed to pay the Company a fee equal to 1.5% per annum of the guaranteed amount outstanding under the bank financing.
If GTL shareholder approval is not obtained, Globalstar will issue to the Company warrants to purchase partnership interests representing up to an 8% equity interest in Globalstar and no warrants will be issued to GTL.
In exchange for the guarantee, the Company will be issued warrants to purchase up to an 8% equity interest in Globalstar on a fully diluted basis.