Subscription Option definition
Subscription Option means the ability of the Qualified Ordinary Course Creditor to, at its option, convert a portion of the outstanding Allowed DIP Lender Claim into shares of New Equity in accordance with Section 4.5(b) of the Plan. The Plan Sponsor reserves the right to modify the Subscription Option, provided that (i) no such modification shall adversely impact the Plan treatment of other creditors and (ii) such modification is approved by the DIP Lender.
Subscription Option means your chosen subscription to one or more of our VT API, VT FNOL or Platform Application Options, through which you can access your VT Platform Data, as selected by you in your Order or amended from time to time.
Subscription Option means a right to subscribe for Shares granted in accordance with, and subject to, the provisions of this UK Sub Plan
Examples of Subscription Option in a sentence
For the avoidance of doubt, the election, partial election, or non-election of the Subscription Option pursuant to the Plan will not impact the recovery to the Debtor’s estate.
The Plan Consideration payable to creditors (other than the DIP Lender) and equity holders on the Effective Date (after giving effect to the retirement of the DIP Lender Claim (either by exercise of the Subscription Option or payment or deemed repayment of the portion of the DIP Lender Claim for which the Subscription Claim is not exercised)), will be $5.5 million.
More Definitions of Subscription Option
Subscription Option means a right to subscribe for new Shares granted in accordance with, and subject to, the rules of this Plan
Subscription Option means the ability of the Qualified Ordinary Course Creditor to, at its option, exchange a total of up to $1,200,000 of its Allowed Post-Petition Lender Financing Claim for up to a total of 600 shares of New Equity at a rate of $2,000 of its Allowed Post-Petition Lender Financing Claim for one (1) share of New Equity. The Plan Sponsor reserves the right to modify the Subscription Option, provided that (i) no such modification shall adversely impact the Plan treatment of other creditors and (ii) such modification is approved by the Post-Petition Lender.
Subscription Option has the meaning set forth in the Subscription Agreement.
Subscription Option means the ability of the Qualified Ordinary Course Creditor to, at its option, exchange a total of up to $1,800,000 of its Allowed Post-Petition Lender Financing
Subscription Option means the option of the DIP Lender, as set forth in the Restructuring Support Agreement, to convert up to 100% of the principal amount of the Allowed DIP Facility Claim into shares of Reorganized Debtor New Equity at a rate of 10% of the Allowed DIP Facility Claim for 60 shares of Reorganized Debtor New Equity, up to a maximum of 100% of the Allowed DIP Facility Claim for 600 shares out of the total 1,000 shares of Reorganized Debtor New Equity.
Subscription Option means a right to subscribe for Shares granted in accordance with, and subject to, the rules of this UK Sub Scheme
Subscription Option means the right to subscribe to newly issued Shares.