Rights Offering Securities definition

Rights Offering Securities means the Rights Offering Shares and Rights Offering Warrants issued by the reorganized Company to the Rights Offering Participants.

Rights Offering Securities means the Exit Second Lien Notes and Reorganized Parent Stock offered in the Rights Offering.

Rights Offering Securities means the Rights Offering Convertible Bonds and the Rights Offering Stapled Special Voting Stock stapled thereto, which either shall be issued as a stapled unit comprised of both the Rights Offering Convertible Bond and the associated Rights Offering Stapled Special Voting Stock, or shall be issued in the form of the Rights Offering Convertible Bonds with the associated Rights Offering Stapled Special Voting Stock in a non-materialized form.

Examples of Rights Offering Securities in a sentence

• The ownership interest of each holder of such Rights Offering Securities, and transfers of ownership interests therein, is expected to be recorded on the records of the direct and indirect participants in DTC.

• The Debtors intend that the Rights Offering Securities will be issued to the Eligible Holders in book-entry form, and that DTC, or its nominee, will be the holder of record of such Rights Offering Securities for any Rights Offering Securities exercised through a Nominee or those registered holders who wish to hold their Rights Offering Securities at a nominee.

• None of the Subscription Rights or the Rights Offering Securities issuable upon exercise of such Subscription Rights distributed pursuant to the Rights Offering Procedures have been or will be registered under the Securities Act, nor any state or local law requiring registration for the offer or sale of a security.

• Each Eligible Holder intending to purchase Rights Offering Securities in the Rights Offering must affirmatively elect to exercise its Subscription Rights in the manner set forth in the applicable Subscription Form by the Subscription Instruction Deadline and must pay for any exercised Subscription Rights by the applicable deadline (except for Eligible Holders that are Backstop Parties).

• No fractional Rights Offering Securities will be issued in the Rights Offering.

More Definitions of Rights Offering Securities

Rights Offering Securities means New Interests offered in the Rights Offering in the form of shares of common stock of Reorganized UP Energy. Pursuant to the Rights Offering Procedures, (a) 50.0% of the Rights Offering Securities shall be reserved for the Priority Backstop Parties, which shall be allocated to the Priority Backstop Parties on a pro rata basis (determined in accordance with the Backstop Purchase Agreement), and (b) 50.0% of the Rights Offering Securities shall be offered to all Rights Offering Participants on a pro rata basis (based on their respective Pro Rata shares). Pursuant to the Backstop Purchase Agreement, certain Priority Backstop Parties identified in the Restructuring Support Agreement shall be entitled to elect, in lieu of purchasing Rights Offering Securities that such Priority Backstop Parties are otherwise required to purchase pursuant to the Backstop Purchase Agreement, to make Exit Term Loans to the Reorganized Debtors in an aggregate principal amount not to exceed $5.0 million (excluding any yield on the Exit Term Loans, including any original issue discount or any commitment premium described in the Restructuring Support Agreement).

Rights Offering Securities. New Convertible Notes in an aggregate principal amount equal to the Rights Offering Amount.

Rights Offering Securities means the New Secured Notes (together with the corresponding Participation Equity) offered in the Rights Offering.

Rights Offering Securities means the Rights Offering Shares and Rights Offering Warrants issued by Reorganized OSG to the Rights Offering Participants.

Rights Offering Securities means convertible preferred stock of New TUSA HoldCo, for which subscription rights shall be offered under the Rights Offering.

Rights Offering Securities has the meaning attributed thereto in Section 3.4(a)(ii). “Rights Period” has the meaning attributed thereto in Section 3.4(a)(ii).

Rights Offering Securities means the Initial Rights Offering Securities and the Subsequent Rights Offering Securities.