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 shall have the meaning set forth in the Warrants.
New Warrants means the warrants contemplated under the New Warrant Agreement.
Examples of New Warrants in a sentence
The Investor shall deliver to the Company, via wire transfer, immediately available funds equal to $920,000 of the Subscription Amount as to the initial Closing, and the Company shall deliver to the Investor the initial Note in the amount of $1,000,000 and the New Warrants as determined pursuant to Section 2.2(a) as set forth on the signature page hereto executed by the Investor, and the Company and the Investor shall deliver the other items set forth in Section 2.2 deliverable at such initial Closing.
More Definitions of New Warrants
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 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.
New Warrants means, collectively, the New Series A Warrants and the New Series B Warrants.
New Warrants has the meaning set forth in Section 5.09(e).
New Warrants the meaning set forth in Section 11.3.