Note Rights definition
Examples of Note Rights in a sentence
The Senior Note Rights Offering Shares equal 84.8% of the New Equity Interests, subject to dilution by the GUC Rights Offering, Warrant Equity and the Management Incentive Plan, and the New Equity Interests issued to Encana.
Note Backstop Parties have executed the Backstop Agreement whereby they have agreed to fully backstop the Senior Notes Rights Offering and purchase any unsubscribed Senior Note Rights Offering Shares in exchange for an aggregate backstop fee payable in fully-diluted New Equity Interests in an amount equal to 6% of the Senior Note Rights Offering Shares (the “Backstop Fee”).
Claims If Classes B3, D3, and F3 (General Unsecured Claims against Seadrill, NADL, and Sevan) vote to accept the Plan: • The holders of allowed General Unsecured Claims will receive in the aggregate 15% of the New Seadrill Common Shares, subject to dilution by the Employee Incentive Plan and the Primary Structuring Fee (the “Unsecured Pool Equity”), plus the Note Rights and Equity Rights, as set forth in the Investment Agreement.
Holders of the Note Rights shall receive the opportunity to purchase up to $119.4 million in principal amount of the New Secured Notes in accordance with the Plan and Rights Offering Procedures.
On the Effective Date, the Debtors shall consummate the Equity Rights Offering and the Note Rights Offering in accordance with the Rights Offering Procedures.
The Debtors shall consult with the Committee and the Required Consenting Parties to ensure that holders of General Unsecured Claims participate in the Note Rights Offering and Equity Rights Offering in accordance with Article III of the Plan.
The purchase price for the Term Note and the Note Rights (the "Note Purchase Price") shall be One Hundred Sixty Thousand Dollars ($160,000) which amount Centene shall pay in full in immediately available funds in the form of a check or wire transfer payable to the accounts specified by CHCN.
In the event that the number of Registrable Securities of the Sellers’ Note Rights Holders included in a registration is reduced from that number of Registrable Securities requested to be included by such Sellers’ Note Rights Holders pursuant to Section 2.1(f) or Section 2.2(d), ▇▇▇▇ ▇.
Exhibit A sets forth a true, accurate and complete list of all documents, agreements and instruments relating to the Transferred Note Rights to which such Seller is a party, including all amendments, supplements, waivers or other modifications thereto.
Purchaser understands, based on its experience, the disadvantage to which such Purchaser may be subject due to the potential disparity of information between Purchaser and Seller with respect to the Note Rights Offering Securities.