Over-Subscription Right Clause Samples
Over-Subscription Right. If a Rights Offeree exercises his or her Basic Subscription Right in full, the Rights Offeree may subscribe for additional Units (the "Over-Subscription Right") at the Subscription Price. The Subscription Agent shall determine the number of Units subscribed for pursuant to the exercise of the Over-Subscription Right. If sufficient Units in excess of all Units subscribed for pursuant to the regular exercise of Rights are available to satisfy all exercised Over-Subscription Rights, the Subscription Agent shall fill all such exercised Over-Subscription Rights as and to the same extent as if pursuant to the regular exercise of Rights. To the extent, however, that sufficient Units are not available to fill all such exercised Over-Subscription Rights, the Units which are available will be allocated among those electing to additionally subscribe on a pro rata basis in proportion to the amount of each securityholder's Over-Subscription. Unsubscribed Rights as of the Expiration Date may be subscribed for by those electing to exercise the Over-Subscription Right. To exercise the Over-Subscription Right, the appropriate block on the Over-Subscription form must be completed and payment in full for additional Units must accompany the form and be submitted to the Subscription Agent prior to the Expiration Date.
Over-Subscription Right. Enter the number of shares you desire to purchase under your Over-Subscription Right. The Over-Subscription Right is available only if you have exercised all of your Basic Subscription Rights. The number of shares that will actually be purchased by you could be subject to a pro rata allocation in proportion to the total number of shares that you and other over-subscribing stockholders purchased through the Basic Subscription Rights, if there are not enough shares remaining after the exercise of all Basic Subscription Rights to completely fill all requests for purchases on Over-Subscription Right. However, if your pro rata allocation exceeds the number of shares you requested pursuant to the Over-Subscription Right, then you will receive only the number of shares that you requested, and the remaining shares from your pro rata allocation will be allocated among other stockholders exercising their Over-Subscription Right. When you send in your Subscription Agreement, you must also send the full purchase price for the number of additional shares that you have requested to purchase under your Over-Subscription Right (in addition to the payment due for shares purchased through your Basic Subscription Rights). Gilman Ciocia, Inc. has the discretion to issue less than ▇▇▇ ▇▇▇▇▇ ▇▇▇ber of shares that may be available for subscription in order to comply with state securities laws.
Over-Subscription Right. Enter the number of shares you desire to purchase under your Over-Subscription Right. The Over-Subscription Right is available only if you exercise in full your Basic Subscription Right. In the event that, as a result of the exercise of the Basic and Over-Subscription Rights by the Company’s shareholders, the Rights Offering is over-subscribed, the Company will allocate the available shares among shareholders who over-subscribed pro rata based on the total number of shares purchased by such over subscribing shareholders through the exercise of their Basic Subscription Rights. If a shareholder requests and pays for more shares than are allocated to such shareholder, the Company will refund that overpayment, without interest, as soon as practicable, as more fully described in the Prospectus. When you send in your Subscription Agreement, you must also send the full purchase price for the number of additional shares that you have requested to purchase (in addition to the payment due for shares purchased through your Basic Subscription Right). The Company has the discretion to issue less than the total number of shares that may be available for Over-Subscription requests in order to comply with state securities laws.
Over-Subscription Right. If any New Securities remain unsubscribed upon the expiration of the Initial Exercise Period (the “Remaining Securities”), the Company shall notify BGLC, which shall have a second period of ten (10) days to elect to purchase all or any portion of the Remaining Securities.