New Warrants definition

New Warrants means those certain warrants to purchase New Valaris Equity on the terms set forth in the New Warrant Agreement.

New Warrants means, collectively, the New Series A Warrants and the New Series B Warrants.

New Warrants means the New Warrants-A and the New Warrants-B.

Examples of New Warrants in a sentence

• The Debtors and the Reorganized Debtors, as applicable, shall use commercially reasonable efforts to promptly make the New Equity Interests, the New Warrants, and CVRs eligible for deposit with DTC.

• The New Warrant Agreement shall be effective as of the Effective Date and, as of such date, shall be deemed to be valid, binding, and enforceable in accordance with its terms, and each holder of New Warrants shall be bound thereby.

• All of the shares of New Equity Interests issued pursuant to the Plan (including the New Equity Interests underlying the New Warrants) shall be duly authorized, validly issued, fully paid, and non-assessable.

• The issuance of the New Equity Interests and New Warrants shall be authorized without the need for any further corporate action.

• The Debtors shall fund distributions under the Plan, as applicable, with: (1) the Exit Facility, (2) the New Equity Interests, (3) the New Warrants, (4) the CVRs, (5) the Cash on hand from the utilization of the Securitization Facilities (as amended by the Securitization Facilities Amendments to continue following the Effective Date), and (6) the Debtors’ Cash on hand from operations and the proceeds of borrowings under the DIP Facility.

More Definitions of New Warrants

New Warrants shall have the meaning set forth in the Warrants.

New Warrants means the warrants contemplated under the New Warrant Agreement.

New Warrants means warrants exercisable for 25.0% of the New Equity (subject to dilution from the Management Incentive Plan) with a seven-year tenor (and no Black-Scholes protection) and at an aggregate equity value strike price equal to $2.025 billion.

New Warrants means the warrants to purchase New Class A Common Stock or New Class B Common Stock to be issued by Reorganized Tribune in connection with the implementation of, and as authorized by, this Plan.

New Warrants means the warrants to be issued to holders of Class 5 Claims on the Effective Date, which shall include the principal terms as set forth in Exhibit A-6 hereto.

New Warrants means, collectively, the Tranche A Warrants and the Tranche B Warrants.

New Warrants means two tranches of warrants with the terms and subject to the conditions set forth in the New Warrants Agreement.