Examples of Tranche B Warrants in a sentence
In this instance, an Irish Holder of Second Lien Debt Claims will have a tax basis in Class B Shares, Tranche A Warrants and Tranche B Warrants received in satisfaction of its Second Lien Debt Claims equal to the fair market value of such interests and rights.
Accordingly, Irish Holders are urged to consult their own tax advisors with respect to the tax consequences of making a cashless exercise of the Tranche A Warrants or Tranche B Warrants.
For this purpose, the number of Tranche A Warrants or Tranche B Warrants deemed exercised would be equal to the number of Tranche A Warrants or Tranche B Warrants that would entitle the Irish Holder to receive upon exercise the number of Newco Parent ordinary shares issued pursuant to the cashless exercise of the Tranche A Warrants or Tranche B Warrants.
The sale, redemption, or other disposition of the New Second Out Term Loan, Tranche A Warrants or Tranche B Warrants, as applicable, at a gain would constitute a taxable event for a Luxembourg Holder (assumed to be a corporate taxpayer subject to Luxembourg profit tax).
In general, gain or loss realized upon sale or exchange of the Newco Equity, Tranche A Warrants or Tranche B Warrants by a U.S. Holder will be U.S. source gain or loss, as the case may be.