Class B Election definition
Class B Election means an election made by a Holder of an Allowed Credit Agreement Claim, Allowed Senior Notes Claim or Allowed General Unsecured Claim on the Ownership Certification that such Holder elects to receive Class B Common Stock in lieu of Class A Common Stock.
Class B Election means an election made by a Holder of an Allowed First Lien Claim, Allowed Second Lien Notes Claim, or Allowed DIP Claim on the Ownership Certification that such Holder elects to receive Class B New Common Stock in lieu of Class A New Common Stock.
Class B Election means an affirmative election made by a Holder of an Allowed Term Loan Credit Agreement Claim, an Allowed PGN Claim, an Allowed iHC 2021 / Legacy Notes Claim, or an Allowed iHeart Interest on such Holder’s Ownership Certification to receive New iHeart Class B Common Stock in lieu of New iHeart Class A Common Stock.
Examples of Class B Election in a sentence
Prior to the execution of this Agreement, the South Special Committee has received an opinion from ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated to the effect that, as of the date thereof and based upon and subject to the matters set forth therein, the Merger Consideration to be paid in the Merger to the Minority Holders (as defined below) of South Common Stock who do not make a Class B Election is fair to such Minority Holders from a financial point of view.
More Definitions of Class B Election
Class B Election means a Holder’s affirmative election to receive Class B Common Stock in lieu of Class A Common Stock on an Election Form returned by the Exchange Deadline.
Class B Election means an affirmative election made by a Holder of an Allowed Term Loan Credit Agreement Claim, an Allowed PGN Claim, an Allowed iHC 2021 / Legacy Notes Claim, an
Class B Election means the election which may be submitted by a Unitholder of either Class A Units or Class F Units to receive only NewCo Class B Subordinate Voting Shares (and not a combination of NewCo Class A Multiple Voting Shares and NewCo Class B Subordinate Voting Shares) in exchange for the Units held by such Unitholder on the Effective Date.
Class B Election means a Holder’s affirmative election made on an Exercise Form to receive Class B New Common Stock in lieu of Class A New Common Stock.