Examples of New Warren Common Stock in a sentence
All of the shares of New Warren Common Stock issued pursuant to the Plan shall be uncertificated and shall be duly authorized, validly issued, fully paid, and non-assessable.
The remaining two-thirds of the Management Stock Pool (i.e., 4.00% of the New Warren Common Stock outstanding as of the Effective Date) shall be issued over a three year-period following the Effective Date.
DTC may accept and conclusively rely upon the Plan and Confirmation Order in lieu of a legal opinion regarding whether the New Warren Common Stock are exempt from registration and/or eligible for DTC book-entry delivery, settlement, and depository services.
Equity interests granted under the Management Incentive Plan shall dilute the New Warren Common Stock issued on the Effective Date on a Pro Rata basis.
On or before the Distribution Date, Reorganized Warren shall issue the New Warren Common Stock for Distribution pursuant to the provisions hereof.
The Plan Sponsor, in consultation with the Debtors or the Reorganized Debtors (as applicable), Claren Road, and the Required Consenting Senior Noteholders, will determine whether, on and after the Effective Date, Reorganized Warren will continue to file reports with the SEC and, if the Plan Sponsor elects to so continue, whether the New Warren Common Stock may be eligible for listing on a U.S. national securities exchange (i.e., Nasdaq or NYSE).
The issuance of the New Warren Common Stock, including Management Stock reserved for the Management Incentive Plan, and the New Warrants (including the New Warren Common Stock issued upon exercise of the New Warrants in accordance with the New Warrant Agreement) by Reorganized Warren, is authorized without the need for any further corporate action or without any further action by the Holders of Claims or Equity Interests.
The management of the Joint Simulation System and the adequacy of its management control program will be discussed in a subsequent report.Results.
On the Effective Date, except to the extent that a Holder of a Class 1 Claim agrees to a less favorable treatment, in full and final satisfaction, compromise, settlement, release, and discharge of and in exchange for each First Lien Secured Claim against Warren and each of the First Lien Facility Guarantors, each such Holder shall receive its respective Pro Rata share of: (A) the New First Lien Facility; and (B) 82.5% of the New Warren Common Stock (subject to dilution by the Management Incentive Plan).
The Reorganized Debtors will use commercially reasonable effort to arrange for one or more nationally known registered broker-dealer firms to act as market makers with respect to the New Warren Common Stock; provided that the foregoing shall not under any circumstances require the Debtors to file any reports, or register as a public company, with the SEC.