Examples of New UA Common Stock in a sentence
New UA Common Stock" means the 2,000,000 shares of New UA Common Stock.
New UA Common Stock" means the 8,000,000 shares of New UA Common Stock.
The holders of Equity Elector Warrants and New UA Warrants (collectively, the "Warrants") will be entitled to purchase from New UA at any time after the date of issuance of such Warrants (the "Date of Issuance") and on or before the seventh anniversary of the Date of Issuance, a certain number of shares of New UA Common Stock at a purchase price per share of $10.00 (the "Purchase Price").
For purposes of determining reorganization value, the Debtors have used the midpoint of that range ($380 million), $65 million of which value is attributable to shareholder's equity (including but not limited to the New UA Common Stock).
When an adjustment to the Purchase Price is required to be made, the number of New UA Common Stock purchasable upon exercise of Warrant (the "Warrant Shares") will be adjusted to the number determined by dividing (A) an amount equal to the number of shares issuable upon the exercise of such a Warrant immediately prior to such adjustment, multiplied by the Purchase Price in effect immediately prior to such adjustment, by (B) the Purchase Price in effect immediately after such adjustment.
If the outstanding New UA Common Stock is combined into a smaller number of shares, the Purchase Price in effect immediately prior to such combination will, simultaneously with the effectiveness of such combination, be proportionately increased.
The New UA Common Stock, the New UA Convertible Preferred Stock, the Equity Elector Warrants, the New UA Warrants, Management Stock Options, and the New UATC Common Stock (sometimes collectively referred to herein as the "Securities") will be created and issued in accordance with the Plan.
The Plan provides for, among other things, a deleveraging of the Debtors through the "exchange" of all Bank Claims for approximately $252.2 million of Restructured Bank Credit Note Interests, $57,000,000 in New UA Convertible Preferred Stock, 10,000,000 shares of New UA Common Stock, 3,750,000 Equity Elector Warrants, and the New UA Warrants (to be distributed as described in the Plan).
Upon any voluntary or involuntary liquidation, dissolution or winding-up of the affairs of New UA, the holders of New UA Common Stock, subject to preferential rights with respect to any series of preferred stock, will be entitled to share equally and ratably in all remaining assets and funds of New UA.
The value of shareholders' equity in the fresh start balance sheet is not an estimate of and does not necessary reflect the public market trading value after Confirmation of the New UA Common Stock, Equity Elector Warrants, the New UA Convertible Preferred Warrants, or the New UA Warrants, which value is subject to many uncertainties and cannot be reasonably estimated at this time.