Examples of Lender Shares in a sentence
The MPAN Senior Credit Facility Claim Holders shall receive in the aggregate and in full satisfaction of the MPAN Senior Credit Facility Claims on the Effective Date: (a) the MPAN Lender Percentage of the Available Cash; (b) the MPAN Lender Percentage of the Lender Notes, if any such Lender Notes are issued pursuant to Section V.B.4 of this Plan; (c) the MPAN Lender Percentage of the Lender Shares; and (d) a release as provided in Section V.L.1 of this Plan.
The put rights are subject to certain limitations, including that no individual put right can require the Company to purchase more than 25,000 of the Lender Shares, and the maximum number of Lender Shares that the Company is required to purchase in any calendar year is 40,000.Other Agreements In connection with its initial public offering and the appointment of a warrant agent for the Warrants, the Company entered into the Warrant Agreement with CST.
The Company also granted the New Administrative Agent put rights with respect to the Lender Shares, pursuant to which the New Administrative Agent has the right, commencing on April 14, 2014, to require the Company to purchase a portion of the Lender Shares from the New Administrative Agent from time to time, at a purchase price equal to 90% of the then-current fair market value.
Pursuant to an Equity Rights Agreement entered into by the Company and the Administrative Agent on November 14, 2013 (the “Equity Rights Agreement”), the Company agreed to file a registration statement to register the resale of the Lender Shares.
Accrued and unpaid interest due on the Maturity Date or Borrower Conversion Date, as applicable, will be payable at such time in cash or, at the election of the Lender, Shares, in each case pursuant to Section 1.4. Accrued and unpaid interest due on the Lender Conversion Date will be payable as set out in Section Error! Reference source not found..