Tranche 1 Warrants definition

Tranche 1 Warrants means, collectively, the Tranche 1-A(1) Warrants, Tranche 1-A(2) Warrants, Tranche 1-B(1) Warrants and Tranche 1-B(2) Warrants, and each is a “Tranche 1 Warrant”.

Tranche 1 Warrants means those certain Tranche 1 warrants issued under the Tranche 1 Warrant Agreement, dated as of the date hereof, by and between the Company and Computershare.

Tranche 1 Warrants means, on terms and conditions consistent with Exhibit 1 (together with such changes to the mechanics as shall be reasonably acceptable to the Company, the Ad Hoc Guaranteed Group, and the Ad Hoc Legacy Group), 7-year warrants with Black Scholes protection for 12.5% of the fully diluted Reorganized Parent Stock (subject to dilution by the Management Incentive Plan and the Tranche 3 Warrants) struck at the price that would result in payment of the Priority Guaranteed Notes in full at par plus accrued interest as of the Petition Date.

Examples of Tranche 1 Warrants in a sentence

• If both the Tranche 1 Warrants Exercise Condition and the Tranche 2 Warrants Exercise Condition shall not be satisfied, but the Net Profits for FY2021, FY2022 and FY2023 in aggregate shall exceed RMB1,500,000,000, then the holder(s) of the Warrants may exercise, on a Business Day in Hong Kong during the Tranche 3 Warrants Exercise Period, all or part of the Outstanding Tranche 1 Warrants, the Outstanding Tranche 2 Warrants and the Outstanding Tranche 3 Warrants.

• If the Tranche 1 Warrants Exercise Condition shall not be satisfied but the Net Profits for FY2021 and FY2022 in aggregate shall exceed RMB900,000,000, then the holder(s) of the Warrants may exercise, during any Business Day in Hong Kong of the Tranche 2 Warrants Exercise Period, all or part of the outstanding Tranche 1 Warrants and the Outstanding Tranche 2 Warrants.

• The Tranche 1 Warrants will be issued to ASSF IV and ASOF upon closing of the Tranche 1 Investment, which closing is subject to material conditions that are outside of the control of the Reporting Persons.

• GENERAL MANDATE AND SPECIFIC MANDATE The Conversion Shares in respect of the Tranche 1 Bonds and the Warrant Exercise Shares in respect of the Tranche 1 Warrants will be allotted and issued under the General Mandate.

• The Conversion Shares in respect of the Tranche 1 Bonds and the Warrant Exercise Shares in respect of the Tranche 1 Warrants will together cover approximately 92% of the General Mandate.

More Definitions of Tranche 1 Warrants

Tranche 1 Warrants means the warrants to purchase the Capital Stock representing Class A common stock of Holdings, on a fully diluted basis, in accordance with the terms of such warrants, entered into by and among Holdings, the Lenders, or one or more of such Lenders’ respective affiliates or designees designated thereby, to be issued on the date hereof, or any replacement warrants thereof.

Tranche 1 Warrants has the meaning set forth in the Plan.

Tranche 1 Warrants means 100,000 of the Warrants that become exercisable upon satisfaction of the Tranche 1 Vesting Criteria;

Tranche 1 Warrants has the meaning set forth in the Restructuring Term Sheet. “Tranche 2 Warrants” has the meaning set forth in the Restructuring Term Sheet. “Tranche 3 Warrants” has the meaning set forth in the Restructuring Term Sheet. “Transfer” has the meaning set forth in Section 9(a).

Tranche 1 Warrants means the warrants to purchase shares of Lambda Common Stock issued pursuant to the Tranche 1 Warrant Agreement.

Tranche 1 Warrants means, on terms and conditions set forth in the Plan Supplement, 7-year warrants with Black Scholes protection for 12.5% of the fully diluted Reorganized Parent Stock (subject to dilution by the Management Incentive Plan, the Tranche 2 Warrants, and the Tranche 3 Warrants) struck at the price that would result in payment of the Priority Guaranteed Notes in full at par plus accrued interest as of the Petition Date.

Tranche 1 Warrants has the meaning set forth in the Plan. “Tranche 3 Warrants” has the meaning set forth in the Plan.