Rights Offering Equity definition

Rights Offering Equity means the New Common Stock issued pursuant to the New Equity Agreement or the Rights Offering, if any.

Rights Offering Equity means shares of New Common Equity (including any New Common Equity issuable upon exercise of the New Warrants as of the Effective Date, without regard to any limitations on the exercise of the New Warrants) issued pursuant to the Rights Offering, including shares issued on account of the backstop commitments provided under the Equity Backstop Agreement and the Debt Backstop Agreement.

Rights Offering Equity means Class B Membership Interests of GMAC to be purchased pursuant to an offering of approximately $1.25 billion of common membership interests of GMAC to GMAC’s existing common membership interest holders.

Examples of Rights Offering Equity in a sentence

• Each Right shall represent the right to acquire one share of Rights Offering Equity for the Rights Exercise Price.

• On the Effective Date, in full satisfaction of each Allowed Second Lien Note Claim, each Holder thereof shall receive its Pro Rata share of: (a) 85% of the New Common Stock, as fully-diluted by the Conversion Equity (measured through the Conversion Date), subject to dilution by the Employee Incentive Plan, the Rights Offering Equity, and the Warrants; (b) the New Convertible Debt; and (c) the Rights, if applicable.

• In so doing, the Debtors may execute and enter into agreements and take further action that the Debtors determine in good faith are necessary and appropriate to effect and implement the Rights Offering and the issuance of the Rights Offering Equity.

• For the purposes of this Section, the term “Rights Offering Equity” shall include any securities issued with respect to the Rights Offering Equity pursuant to a reorganization of GMAC.

• On the Exchange Date, the Lender shall acquire all right, title and interest of the Loan Parties in and to all Class B Membership Interests in GMAC that constitute the Rights Offering Equity; provided, that, in the event that the Borrower has made any Optional Prepayments or Mandatory Prepayments of the Advance during the period from the Effective Date to the Exchange Date, the Lender shall acquire the pro-rata share of the Rights Offering Equity which corresponds to the outstanding Advance amount.

More Definitions of Rights Offering Equity

Rights Offering Equity means the New Common Stock distributed in connection with the Rights Offering upon exercise of the Subscription Rights.

Rights Offering Equity means, collectively, the 1145 Rights Offering Equity, the Accredited Investor Rights Offering Equity and the 4(a)(2) Backstop Commitment Equity.

Rights Offering Equity shall include any securities issued with respect to the Rights Offering Equity pursuant to a reorganization of GMAC.

Rights Offering Equity means the New Common Equity purchased via the exercise of Rights Offering Subscription Rights pursuant to the Rights Offering Procedures.

Rights Offering Equity means shares of New Common Equity (including any New Common Equity issuable upon exercise of the New Warrants as of the Effective Date, without regard to any limitations on the exercise of the New Warrants) issued pursuant to the Rights Offering,

Rights Offering Equity means up to [ ] shares of New Common Equity issued pursuant to the Rights Offering, including shares issued on account of the backstop commitments provided under the Equity Backstop Agreement and the Debt Backstop Agreement. The Rights Offering Equity shall be subject to dilution from the New Common Equity issued under the Management Incentive Plan and, to the extent paid in New Common Equity, payment of the Equity Backstop Premium and/or the Debt Backstop Premium.

Rights Offering Equity. New Common Shares issued pursuant to the Equity Rights Offerings.