PropCo Preferred Backstop Investors definition

PropCo Preferred Backstop Investors means, for purposes of the definition of such term in the Plan, the Preferred Backstop Investors.
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PropCo Preferred Backstop Investors shall have the meaning set forth in the Backstop Commitment Agreement.
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Examples of PropCo Preferred Backstop Investors in a sentence

  • Each Holder of Secured First Lien Notes Claims that has exercised its PropCo Preferred Equity Put Right pursuant to the PropCo Preferred Subscription Procedures shall have the right to put all, but not less than all, of such Holders’ Pro Rata share of the PropCo Preferred Equity Distribution to the PropCo Preferred Backstop Investors for Cash pursuant thereto and consistent with the Backstop Commitment Agreement.

  • On the Effective Date, the PropCo Preferred Backstop Investors shall have the right, pursuant to the PropCo Preferred Equity Call Right and consistent with the Backstop Commitment Agreement, to purchase for Cash from each Holder of Secured First Lien Notes Claims up to 50% of the PropCo Preferred Equity Distribution received by each such Holder.

  • On the Effective Date of the Plan, the PropCo Preferred Backstop Investors will, subject to the terms and conditions of the Backstop Commitment Agreement, purchase the aggregate amount of PropCo Preferred Equity subject to a properly exercised PropCo Preferred Equity Put Right or PropCo Preferred Equity Call Right for Cash at a price per share equal to 83.3333% of the liquidation value thereof.

  • Further, each Holder of Secured First Lien Notes Claims that has exercised its right to put PropCo Preferred Equity by the Voting Deadline shall have the right to put such Holders’ Pro Rata share of the remaining PropCo Preferred Equity to the PropCo Preferred Backstop Investors for Cash pursuant to the PropCo Preferred Equity Put Right and consistent with the Backstop Commitment Agreement.

  • An applicant may include a request under subsection (1) in its notice of application.

  • On the Effective Date, the PropCo Preferred Backstop Investors shall have the right to call up to 50 percent of the PropCo Preferred Equity received by the Holders of Secured First Lien Notes Claims, for Cash, pursuant to the PropCo Preferred Equity Call Right and consistent with the Backstop Commitment Agreement.

  • Pursuant to the Plan and the Backstop Commitment Agreement, the PropCo Preferred Backstop Investors shall have, pursuant to their PropCo Preferred Equity Call Rights, the right to call, on the Effective Date, up to 50 percent of the PropCo Preferred Equity that would otherwise be received by the Holders of Allowed Secured First Lien Notes Claims.

  • Pursuant to the Plan and these Election Procedures, however, each Holder of an Allowed Secured First Lien Notes Claim may exercise its PropCo Preferred Equity Put Right to put all, but not less than all, of such Holder’s Pro Rata share of the PropCo Preferred Equity Distribution to the PropCo Preferred Backstop Investors.

  • If Prime Clerk receives multiple Backstop Investor Election Forms from the same PropCo Preferred Backstop Investor prior to the Election Expiration Date, the last properly completed Backstop Investor Election Form timely received by Prime Clerk will be deemed to reflect such PropCo Preferred Backstop Investor's intent and will supersede and revoke any prior Backstop Investor Election Form.

  • Each Holder of Secured First Lien Notes Claims that has exercised its right to put PropCo Preferred Equity by the Voting Deadline shall have the right to put such Holders’ Pro Rata share of the remaining PropCo Preferred Equity to the PropCo Preferred Backstop Investors for Cash pursuant to the PropCo Preferred Equity Put Right and consistent with the Backstop Commitment Agreement.

Related to PropCo Preferred Backstop Investors

  • PIPE Investors means those certain investors participating in the PIPE Investment pursuant to the Subscription Agreements.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Series C Preferred Units means the series of Partnership Units representing units of Limited Partnership Interest designated as the 8 5/8% Series C Cumulative Redeemable Preferred Units, with the designations, preferences and other rights set forth in Attachment C hereto.

  • Series B Preferred means the Corporation's Series B Convertible Preferred Stock, par value $.001 per share.

  • Preferred Holders means the record owners of outstanding Preferred Securities.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Majority Stockholders means any Stockholder or combination of Stockholders who at the date of this Agreement own shares of Company Common Stock representing more than two-thirds of the total number of shares of Company Common Stock outstanding at the date of this Agreement.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series H Preferred Stock means shares of the Company’s Series H Preferred Stock, par value $0.0001 per share.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.0001 per share.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.

  • Lead Investors means collectively, BlackRock, GSO, Magnetar and, solely for purposes of Section 2.02(b), Investment Partners V (II), LLC.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Co-Investors means each of (a) the Fund and the Fund Affiliates (excluding any of their portfolio companies) and (b) the Management Group.

  • Series C Preferred means the Corporation's Series C Convertible Preferred Stock, par value $.002 per share.

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.0001 per share, of the Company.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series E Preferred Stock means shares of the Company’s Series E Preferred Stock, par value $0.0001 per share.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • CD&R Investors means, collectively, (i) CD&R Fund VIII, (ii) CD&R Friends & Family Fund VIII, L.P., a Cayman Islands exempted limited partnership, and any successor in interest thereto, and (iii) any Affiliate of any CD&R Investor identified in clauses (i) and (ii) of this definition.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Preferred Shareholders means the holders of Preferred Shares.