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 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 means a right to subscribe for new Shares granted in accordance with, and subject to, the rules of this Plan

Examples of Subscription Option in a sentence

• On the Effective Date, 1,000 shares of New Equity of the Reorganized Debtor shall be issued to the Plan Sponsor or an affiliate, in consideration for the Consideration and, to the DIP Lender, to the extent that it exercises the Subscription Option.

• For the avoidance of doubt, in no event will the partial exercise of the Subscription Option reduce the amount of the Consideration paid by the Plan Sponsor or DIP Financing to the Debtor.

• From the perspective of upstream and downstream levels, the active participants in China’s automobile industry are: (i) Spare part suppliers; (ii) Motor vehicle suppliers and Motor vehicle distributors; and (iii) Aftermarket service providers.

• On the Effective Date, pursuant to the Subscription Option, the DIP Lender shall have the option, on account of being the holder of the Allowed DIP Lender Claim, to convert a portion of the outstanding Allowed DIP Lender Claim into shares of New Equity at a rate of 10% of the Allowed DIP Lender Claim for 60 shares of New Equity, up to a maximum of 100% of the Allowed DIP Lender Claim for 600 shares out of the total 1000 shares of New Equity.

• Franckel for the second and fourth respondents.1 BIRT, DEPUTY BAILIFF: This application raises questions in connection with the remuneration of a trustee and the trustee‘s right to indemnity in respect of legal expenses.The factual background2 The background can be shortly stated.

More Definitions of Subscription Option

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 the ability of the Qualified Ordinary Course Creditor to, at its option, exchange a total of up to $3,000,000 of its Allowed DIP Claim for up to a total of 600 shares of New Equity at a rate of $5,000 of its Allowed DIP Claim for one (1) share of New Equity. The Consideration payable by the Plan Sponsor under the Plan shall be reduced on a dollar-for-dollar basis to reflect the amount of Allowed DIP Claim exchanged for New Equity pursuant to the Subscription Option.

Subscription Option means the right to subscribe to newly issued Shares.

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, convert a portion of the outstanding Allowed DIP Lender Claim into shares of New Equity at a rate of 10% of the Allowed DIP Lender Claim for 60 shares of New Equity, up to a maximum of 100% of the Allowed DIP Lender Claim for 600 shares out of the total 1000 shares 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 DIP Lender.

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

Subscription Option means, with respect to each Eligible Company Noteholder, the option, which may be exercised by such Eligible Company Noteholder in accordance with the terms of the Plan of Arrangement and the Subscription Option Exercise Form, to participate in the New Capital Offering by electing, in accordance with the provisions of the Subscription Option Exercise Form, to invest its Participating Noteholder Commitment Amount;