Examples of Old Securities in a sentence
Under the Plan, on the Effective Date, except as otherwise provided for in the Plan, the Old Securities will be deemed extinguished, cancelled and of no further force or effect.
Acceptance of Old Securities for Exchange; Delivery of New SecuritiesAfter all the conditions to the exchange offers have been satisfied or waived, we will accept any and all old securities that are properly tendered before 5:00 p.m., New York City time, on the expiration date.
See “The Exchange Offer—Conditions to the Exchange Offer.” We have not made any of the exchange offers contingent on holders tendering any minimum principal amount of Old Securities for exchange.
In particular, the trading market for unexchanged Old Securities could become more limited than the existing trading market for the Old Securities and could cease to exist altogether due to the reduction in the principal amount of the Old Securities outstanding upon consummation of the exchange offers.
Procedures for Tendering If you wish to accept the exchange offers and your Old Securities are held by a custodial entity such as a bank, broker, dealer, trust company or other nominee, you must instruct this custodial entity to tender your Old Securities on your behalf pursuant to the procedures of the custodial entity.