Lender Shares definition

Lender Shares means a percentage of the New Equity (representing up to 78.5% of the total share capital of the Company following the Restructuring Effective Date and the issuance of the New Equity in accordance with the Restructuring Heads of Terms) which shall be allocated between each of the Lenders on the Restructuring Effective Date in accordance with the Lenders Final Agreed Entitlement Schedules, such equity allocation subject to adjustment in light of the Existing Shareholders Entitlements Charterparty Elections, Bareboat Elections, Undertaking Bareboat Elections and Undertaking Time-Charter Elections and any New Equity otherwise not allocated to any Party or any Non Consenting Bareboat Owner or Non Consenting Charterparty Owner.
Lender Shares means (i) all shares of Common Stock issued ------------- pursuant to the exercise of any Lender Warrant or other Option originally granted or issued to, or issued with respect to shares or options originally issued to, or held by, a Lender, whenever issued.
Lender Shares means 96.0% of the Primary Effective Date Shares of New MPAN Common Stock, which shall be distributed on the Effective Date to the Senior Credit Facility Claim Holders as provided in this Plan.

Examples of Lender Shares in a sentence

  • Within thirty (30) days of the Closing Date, Borrower shall either (a) facilitate the private sale to third parties of [***] Lender Shares for a purchase price of no less than $960,000 ([***]), which amount shall be applied as a credit against the principal balance due on the New Note dollar for dollar, or (b) pay the Lender $960,000 toward the principal balance due on the New Note.

  • In addition to facilitating the private sales to third parties provided inSection 2.3, the Lender hereby grants the Borrower the exclusive right until December 31, 2024 to facilitate the sale of all or a portion of the remaining balance of Lender Shares [***], subject to the prior written approval of the Lender which shall not be unreasonably withheld, [***].

  • Net proceeds received by the Lender in connection with the sale of the remaining Lender Shares pursuant to this Section 2.5 in excess [***] if all of the remaining Lender Shares are sold) will be applied as a credit against the Restructured Profit Share dollar for dollar.


More Definitions of Lender Shares

Lender Shares means the shares or preferred shares of the stock or other securities of Borrower that Lender has the right to purchase and may purchase under the terms of the Participation Rights Agreement and the Warrant.
Lender Shares means the shares of Common Stock issued or issuable upon exercise of the Lender Warrants.
Lender Shares means 11,700,000 shares of Common Stock owned by the Lender.
Lender Shares means, collectively, the Closing Date Lender Shares and the Additional Lender Shares.
Lender Shares means the Collateral Shares in the hands of the Lender following foreclosure, the Initial Consideration Shares and the Contingent Issuance Shares.
Lender Shares means the Shares issuable to the Lender and outstanding pursuant to the Conversion.
Lender Shares has the meaning set forth in Section 5.23.