Examples of PropCo Common Equity in a sentence
In exchange, the PropCo Common Equity that would otherwise have been distributed to the Holders making a PropCo Common Equity Cash Election will be distributed to CEC and the PropCo Common Equity Commitment Parties in accordance with the terms of the PropCo Common Equity Purchase Commitment Agreement.
For the avoidance of doubt, the PropCo Common Equity Percent Limitation Election will not be applied to limit the PropCo Common Equity that a Holder of Allowed Secured First Lien Notes Claims will receive below the amount of PropCo Common Equity that such Holder would receive under the Plan if such Holder were to not make any PropCo Equity Election.
A Holder of Allowed Prepetition Credit Agreement Claims or Allowed Secured First Lien Notes Claims may elect (such election, the “PropCo Common Equity Percent Limitation Election”) to limit the amount of PropCo Common Equity that it will receive as a result of its PropCo Equity Election to a specified maximum percentage.
The general objective of the 2nd National ESCR Conference is to promote the realization of ESCRs as a pre-requisite for socio-economic development in Uganda and to take stock of the country's performance as far as the elimination of social exclusion in access to socio- economic goods and services is concerned.
Under the terms of the Plan, in the aggregate, elections by Holders of Allowed Prepetition Credit Agreement Claims and Holders of Allowed Secured First Lien Notes Claims (after taking into account any PropCo Common Equity Percent Limitation Elections (as defined below)) may reduce the aggregate principal amount of CPLV Mezzanine Debt, PropCo Second Lien Notes, PropCo First Lien Notes, and PropCo First Lien Term Loan by no more than $1.25 billion.
ExampleFor example, a Holder of an Allowed Secured First Lien Notes Claim may elect to receive PropCo Common Equity in lieu of 20% of the CPLV Mezzanine Debt, 30% of the PropCo Second Lien Notes, and 40% of the PropCo First Lien Notes that such Holder would receive under its Default Debt Distribution.
Failure to specify a limitation percentage will invalidate the PropCo Common Equity Percent Limitation Election made on the particular First Lien Notes Election Form.
Accordingly, if the Equity Rights are exercised in full, those parties exercising the Equity Rights will receive the 69.9 percent of PropCo Common Equity (subject to the 5 percent exclusion under the Partnership Contribution Structure) that would otherwise be distributed to Holders of Allowed Secured First Lien Notes Claims.
Further, a Holder of Secured First Lien Notes Claims may only commit to become a backstop party under the PropCo Common Equity Purchase Commitment Agreement if such Holder is an Institutional Accredited Investor or Qualified Institutional Buyer, and such Holder properly indicates as such by checking the appropriate box on the PropCo Purchase Commitment Election Form.
Where the Carrier considers for the safety and comfort of the Passenger/ or any person travelling in their booking that it is strictly necessary it may require a Disabled Person or Persons with Reduced Mobility to be accompanied by another person (if the Passenger is not able to provide the assistance required by the Disabled Person or Person with Reduced Mobility) who is capable of providing the assistance required by the Disabled Person or Person with Reduced Mobility.