Examples of New Exide Common Stock in a sentence
The Company Incentive Plan will provide that covered employees will receive or have the right to receive securities representing from 5% to 10% of the fully-diluted shares of New Exide Common Stock.
The New Exide Certificate of Incorporation will, among other things, (a) authorize the issuance and terms of the New Exide Preferred Stock, and (b) authorize the issuance and terms of the New Exide Common Stock.
After the Effective Date, if Reorganized Exide at any time combines (by reverse stock split or otherwise) shares of New Exide Common Stock into a smaller number of shares, then the remaining number of shares of New Exide Common Stock reserved for Disputed Claims shall be proportionately decreased.
In such cases: (i) any Cash held for distribution on account of such Claims shall be property of the relevant Reorganized Debtor, free of any restrictions thereon; and (ii) any New Exide Preferred Stock or New Exide Common Stock held for distribution on account of such Claims shall be canceled and of no further force or effect.
New Exide shall issue all securities, notes, instruments, certificates, and other documents required to be issued pursuant hereto, including, without limitation, the New Exide Preferred Stock and New Exide Common Stock, each of which shall be distributed as provided herein.
During the first 24 months following the Effective Date, no transfer of New Exide Preferred Stock or New Exide Common Stock shall be permitted where the effect of such transfer would be to require New Exide to become a reporting company under the Securities and Exchange Act.
In such cases, any New Exide Common Stock held for distribution on account of such Claim shall be disposed of pursuant to the provisions set forth in Subsection B above.
The Plan provides that Class P4-B, the 10% Senior Noteholders, will receive, in part, a Pro Rata distribution of New Exide Common Stock.
Any other provision of the Plan notwithstanding, payments of fractions of shares of New Exide Preferred Stock or fractions of shares of New Exide Common Stock will not be made and will be deemed to be zero.
After the Effective Date, Reorganized Exide will at all times, reserve and keep available, out of its aggregate authorized but unissued or treasury shares of New Exide Common Stock, the remaining number of shares of New Exide Common Stock reserved for Disputed Claims and the number of such shares deliverable upon the exercise of all remaining New Exide Warrants reserved for Disputed Claims.