Examples of Magellan Common Stock in a sentence
Conversion: The shares of Preferred Stock are convertible into shares of Magellan Common Stock, at any time, at the option of the holder.
As soon as practicable after the Final Distribution Date, to the extent that holders of Magellan Preferred Stock Interests (Class 11) or Magellan Common Stock Interests (Class 12) would be entitled to additional shares of New Common Stock or additional New Warrants as a result of the allowance of Disputed Claims in Class 7 (General Unsecured Claims), then Reorganized Magellan shall issue such additional shares of New Common Stock and New Warrants.
It is understood that, upon the closing of the transactions contemplated by the Magellan Merger Agreement, each Purchased Share would be exchanged for 1.3 shares of Magellan Common Stock pursuant to the terms of the Magellan Merger Agreement.
If at any time Xxxxxx Xxxxx, Xxxxxx Xxxxxxx or Xxx Gentle sells, transfers or otherwise disposes of any Common Stock, Magellan Common Stock or any other equity security of Magellan Petroleum or the Company, then the Company will notify Purchaser of such transaction within four days of the Company’s knowledge of such sale, transfer or other disposition.
If Class 8 (Senior Subordinated Note Claims) or Class 9 (Other General Unsecured Claims) votes against the Plan, the holders of Magellan Common Stock Interests (Class 14) will not be entitled to any distributions under the Plan.
Magellan Equity Interests means, collectively, the Magellan Common Stock Interests and the Magellan Preferred Stock Interests.
All distributions to holders of Magellan Common Stock Interests are deemed to be first distributed to Class 7 (General Unsecured Class) and then to the holders of Magellan Common Stock Interests).
The holders of the Magellan Common Stock outstanding as of the Distribution Notification Date shall receive their Ratable Proportion of (a) the Class 14 Distributable Share Amount of shares of New Common Stock, and (b) New Warrants to purchase a number of shares of New Common Stock equal to the Class 14 Distributable Share Amount.
Magellan Common Stock Interests means Equity Interests of Magellan represented by the authorized common stock issued by Magellan, or any option, warrant, or right, contractual or otherwise, to acquire any such Equity Interest (other than any Magellan Preferred Stock Interests).1.60.
Green Spring Acquisition On December 13, 1995, the Company acquired a 51% ownership interest in Green Spring for approximately $68.9 million in cash, the issuance of 215,458 shares of Magellan Common Stock valued at approximately $4.3 million and the contribution of GPA, a wholly-owned subsidiary of the Company, which became a wholly-owned subsidiary of Green Spring.