Examples of New CEC in a sentence
If such Holders have other Claims that would entitle them to elect to participate in the New CEC Equity Buyback, they will separately receive election forms for use with respect to such Claims.
The green line represents total emissions, i.e. aggregate emissions from the stationary and mobile sectors.
After the conclusion of the Election Period, Allowed Prepetition Credit Agreement Claims as to which the PropCo Equity Election has been exercised and/or as to which the Holder has elected to participate in the New CEC Common Equity Buyback cannot be transferred, except as described in the following sentence.
On the Effective Date of the Plan, New CEC will use at least $1,000,000,000 of the CIE Equity Buyback Proceeds (the “Initial Buyback Amount”) to repurchase New CEC Common Equity at $6.84 per share (the “Buyback Purchase Price”).
New CEC will first use the Initial Buyback Amount to repurchase New CEC Common Equity from Holders of Allowed Second Lien Notes Claims, Allowed Senior Unsecured Notes Claims, Allowed Disputed Unsecured Claims, Allowed Undisputed Unsecured Claims, and Allowed Insurance Covered Unsecured Claims (collectively, the “Initial Buyback Participants”), who elect on their respective Election Forms to sell such Holders’ shares of New CEC Common Equity.
Holders of Allowed Subsidiary Guaranteed Notes Claims may use the Election Forms to elect to participate in the New CEC Equity Buyback with respect to such Claims, to the extent provided in this Step Four.
Any amounts remaining in the Unsecured Claims Buyback Reserve after giving effect to all outstanding Disputed Unsecured Claims and Insurance Unsecured Claims who have timely exercised their Buyback Rights in accordance with these Buyback Election Procedures shall be released to New CEC.
Under Article III.B of the Plan, each Holder of an Allowed Prepetition Credit Agreement Claim, Allowed Secured First Lien Notes Claim, Allowed Second Lien Notes Claim, Allowed Subsidiary Guaranteed Notes Claim, Allowed Senior Unsecured Notes Claim, Allowed Disputed Unsecured Claim, Allowed Undisputed Unsecured Claim, or Allowed Insurance Covered Unsecured Claim will receive at least a portion of its recovery in the form of New CEC Common Equity.
In the event that the aggregate amount of New CEC Common Equity that the Initial Buyback Participants elect to sell exceeds the Initial Buyback Amount, then such repurchase shall be pro rata based on the quantum of New CEC Common Equity such Initial Buyback Participants elected to sell pursuant to their respective Election Forms.
The net position of the School as of June 30, 2022 was $(43,118).