Examples of Participating Noteholders in a sentence
The Agreed Restructuring Process Under the Restructuring Agreement, the Company, New UPC, UGC (and certain other members of the UGC Group) and the Participating Noteholders agreed that (i) the Belmarken Notes, (ii) the UPC Notes, (iii) the UPC Preference Shares A, (iv) the UPC Priority Shares, (v) the UPC Ordinary Shares A and (vi) the claims of other unsecured creditors of the Company would be exchanged for shares of New UPC Common Stock on the terms set forth in the Restructuring Agreement.
Each of the Company and each Subsidiary has filed all Federal tax returns and other material tax returns and reports required by law to have been filed by it and has paid all taxes and governmental charges thereby shown to be owing, except any such taxes or charges which are being diligently contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP shall have been set aside on its books.
The consent or approval of the Requisite Participating Noteholders to the Definitive Documents, or any other documents provided for under this Agreement, may be communicated to the Debtors by Stroock.
Participating Noteholders shall receive Participation Premium New Exit Note Rights to participate in funding a pro rata share (calculated as a proportion of such Noteholder’s participation in the Rights Offering relative to other Participating Noteholders) of up to 49% of the aggregate amount of the New Exit Note.
No prior history, pattern or practice of sharing confidences among or between the Participating Noteholders shall in any way affect or negate this understanding and agreement.