Examples of Class D Warrants in a sentence
If Class 5 votes to accept the Plan, each Holder of an Allowed General Unsecured Claim may elect to receive Class D Warrants in lieu of receiving their Pro Rata share of the additional $2.0 million of Reorganized First Lien Term Loans that such Holder would otherwise receive on account of its Allowed General Unsecured Claim (such Holder being referred to as a “Class 5 Warrant Electing Holder”).
On May 5, 1998, the Company closed a private placement (the "Preferred Stock Offering") of (i) 114,285 shares of Series A Preferred Stock, which sold at $70 per share, and (ii) class D warrants (the "Class D Warrants") to purchase 672,273 shares of the Company's Common Stock, subject to adjustment, for an aggregate amount of approximately $8 million.
The Class C Warrants shall be exercisable at any time from the conversion date to and excluding the first anniversary thereof and the Class D Warrants shall be exercisable at any time from the conversion date to and excluding the third anniversary thereof.
On March 13, 2000 the Company gave notice to the holders of its Class D Warrants that it was exercising its right of redemption effective April 12, 2000.
The Class D Warrants will be exercisable commencing on May 5, 1999 until May 4, 2003 at $2.40 per share of Common Stock, subject to adjustment.