New Preferred Equity definition

New Preferred Equity means the preferred equity in Reorganized GCEH issued in accordance with the Governance Term Sheet.

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New Preferred Equity means the preferred equity interests to be issued by Reorganized Guitar Center on the Effective Date in the aggregate amount of $160 million, the material terms of which shall be included in the Plan Supplement, and which terms shall be consistent with the terms and subject to the conditions set forth in the Restructuring Support Agreement and otherwise subject to the applicable consent rights set forth in the Restructuring Support Agreement.

New Preferred Equity means the preferred equity to be issued by Reorganized Guitar Center on the Plan Effective Date in the aggregate amount, and on the terms and subject to the conditions, set forth in the New Preferred Equity Term Sheet.

Examples of New Preferred Equity in a sentence

As of the Effective Date, the term of the current members of the board of directors of the Debtors shall expire, and all of the directors for the initial term of the New Board shall be nominated by the Exit RBL/Term Loan A Facility Agent in consultation with the Entities designated to receive the New Preferred Equity Class A Stock on the Effective Date.
Such Backstop Party understands that such Backstop Party must bear the economic risk of this investment indefinitely, unless the New Preferred Equity Interests is registered pursuant to the Securities Act and any applicable state securities or Blue Sky laws or an exemption from such registration is available, and further understands that it is not currently contemplated that any New Preferred Equity Interests will be registered at the time of issuance.
The New Preferred Equity Interests subscribed for by the Backstop Parties will not be offered for sale, sold or otherwise transferred by such Backstop Party except pursuant to an effective registration statement under the Securities Act or in a transaction exempt from or not subject to registration under the Securities Act and any applicable state securities laws.
The number of shares of Preferred Equity Interests allocated to each Backstop Party and Supporting Party in respect of the New Preferred Equity Interests Backstop Put Premium and New Preferred Equity Interests Commitment Premium, as applicable, shall be rounded among the applicable party solely to avoid fractional units as the Parent shall determine in consultation with the Requisite Backstop Parties.
On the Effective Date, Reorganized Vanguard shall issue the New Preferred Stock and the New Common Stock pursuant to the Plan and the New Preferred Equity Documentation, as applicable.

More Definitions of New Preferred Equity

New Preferred Equity means the new series of convertible preferred stock to be issued by Reorganized 21CH on the Effective Date on terms consistent in all material respects with the terms set forth in the Restructuring Term Sheet and otherwise reasonably acceptable to the Requisite Parties.

New Preferred Equity means the 200,000 shares of Series A Senior Preferred Stock of JAKKS, such shares having the rights, restrictions and limitations set forth in the New Preferred Certificate of Designations, to be issued by JAKKS at Closing.

New Preferred Equity shall have the meaning set forth in the Restructuring Term Sheet.

New Preferred Equity means the preferred equity interests to be issued by New Intermediate Holding Company on the Effective Date, which shall be exchangeable into New Common Equity, with the terms set forth in the Restructuring Term Sheet, which shall be consistent in all respects with the Restructuring Support Agreement and the consent rights thereunder. For the avoidance of doubt, the term “New Preferred Equity” includes both the Exchangeable Preferred Equity and the New Money Preferred Equity to be issued by New Intermediate Holding Company on the Effective Date.

New Preferred Equity means the Convertible Preferred Shares, Series A (the “Convertible Preferred Shares, Series A”) issued pursuant to that certain Investment Agreement, dated as of May 20, 2008, among the Parent and ▇▇ ▇▇▇▇▇▇▇ ▇▇ L.P., as amended June 20, 2008, and the Non-Cumulative Convertible Preference Shares, Series B (the “Non-Cumulative Convertible Preference Shares, Series B”) issued pursuant to the Purchase Agreement, dated as of June 20, 2008, between the Parent and the initial purchasers named therein.

New Preferred Equity has the meaning set forth in the Plan.