Common use of Exercise of Basic Subscription Right Clause in Contracts

Exercise of Basic Subscription Right. Each Standby Purchaser shall exercise, or shall direct its Affiliates to exercise, its Basic Subscription Right, in full, and subscribe for all of the Standby Purchaser Rights Offering Shares to which it is entitled to subscribe under its Basic Subscription Right, not less than five (5) Business Days prior to the Expiry Date.

Exercise of Basic Subscription Right. Each each Standby Purchaser shall exercise, or shall direct its his Affiliates to exercise, his or its Basic Subscription Right, in full, and subscribe for all of the Standby Purchaser Rights Offering Shares to which he or it is entitled to subscribe under his or its Basic Subscription Right, not less than five ten (510) Business Days prior to the Expiry Date.; and