Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of the Additional Common Stock at the rate of ____ share(s) for each Right (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of fewer than ____ Rights to subscribe for and pay the Subscription Price for one full share of the Common Stock.
Subscription of Rights. (a) The Rights are evidenced by subscription rights certificates (the “Certificates”), a copy of the form of which is attached hereto as Exhibit 2. The Certificates entitle the holders to subscribe, upon payment of the Subscription Price, for shares of Preferred Stock at the rate of one share per Right evidenced by a Certificate (the “Basic Subscription Right”). No fractional shares will be issued.
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of the Additional Common Stock at the rate of one share(s) for every three Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued. The number of Rights to be issued to a Record Date Stockholder will be rounded up to the nearest number of Rights evenly divisible by three. Fractional shares will not be issued upon the exercise of the Rights. Accordingly, new shares of common stock may be purchased only pursuant to the exercise of Rights in integral multiples of three.
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for the Additional Common Shares at the rate of one (1) share for each seven (7) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued. The number of Rights that are issued to holders of Common Shares of record on the Record Date will be rounded up by the Agent to the nearest whole number of Rights evenly divisible by seven (7).
Subscription of Rights. (a) The Rights are evidenced by subscription rights certificates (the “Certificates”). The Certificates entitle the holders to subscribe, upon payment of the Subscription Price, for shares of Common Stock at the rate of one share per 7.5 Rights evidenced by a Certificate (the “Basic Subscription Right”). No fractional shares will be issued. In the event that the number of Rights submitted by a holder are exercisable for a number of shares that is not a whole number, the number of shares of Common Stock issuable to such holder will be rounded up to the nearest whole share.
Subscription of Rights. (a) The Rights are evidenced by transferable subscription certificates (the "Certificates"), a copy of the form of which is annexed hereto as Exhibit 5. The Certificates entitle the holders to subscribe, upon payment of the Subscription Price, for shares of Additional Common Stock at the rate of one share for each three Rights evidenced by a Certificate (the "Basic Subscription Privilege"). No fractional shares will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of a Certificate or combination of Certificates evidencing fewer than three Rights, or a total number of Rights not evenly divisible by three, if said holder fully exercises the Certificate or Certificates accompanying the Subscription Offer, to subscribe and pay the Subscription Price for one full share of Additional Common Stock in lieu of a fractional share without furnishing any additional Rights (the "Step-up Privilege"). Reference is made to the Prospectus for a complete description of the Basic Subscription Privilege and the Step-up Privilege.
Subscription of Rights. (a) The Rights are evidenced by transferable subscription certificates (the “Certificates”), a copy of the form of which is attached hereto as Exhibit 4. The Certificates entitle the holders to subscribe, upon payment of the Subscription Price, for shares of Additional Common Stock at the rate of one share for each two Rights evidenced by a Certificate (the “Basic Subscription Privilege”). No fractional shares will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of a Certificate or combination of Certificates evidencing fewer than two Rights, or a total number of Rights not evenly divisible by two, to subscribe and pay the Subscription Price for one full share of Additional Common Stock in lieu of a fractional share without furnishing any additional Rights (the “Step-Up Privilege”). Reference is made to the Prospectus for a complete description of the Basic Subscription Privilege and the Step-Up Privilege.
Subscription of Rights. (a) The Rights are evidenced by subscription rights certificates (the “Certificates”). The Certificates entitle the holders to subscribe, upon payment of the Subscription Price, for shares of Common Stock at the rate of one share per Right evidenced by a Certificate (the “Basic Subscription Privilege”). No fractional shares will be issued. It is possible that the requests for exercise of Basic Subscription Privileges will exceed the total number of shares of Common Stock available to be purchased upon the exercise of Basic Subscription Privileges. If this occurs, the Company will allocate the available shares of Common Stock among the stockholders who subscribed.
Subscription of Rights. (a) The Rights are evidenced by non-transferable subscription certificates (the “Certificates”), a copy of the form of which is attached hereto as Exhibit 4. The Certificates entitle the holders to subscribe, upon payment of the Subscription Price, for shares of Additional Common Stock at the rate of one share for each _____ Rights evidenced by a Certificate (the “Basic Subscription Privilege”). No fractional shares will be issued. In the event that the number of Rights submitted by a holder are exercisable for a number of shares that is not a whole number, the number of shares of Common Stock issuable to such holder will be rounded down to the nearest whole share. (b) The Subscription Offer provides that subscribing stockholders, and only those subscribing stockholders who were stockholders on the Record Date and who exercise their Rights in full, may exercise an over- subscription right as more fully described in the Registration Statement (the “Over-subscription Right”). This Over-subscription Right provides subscribing stockholders who were stockholders on the Record Date and who exercise their Rights in full the ability to purchase a portion of the shares of Common Stock that were not purchased by other stockholders. The Over-subscription Right is subject to certain limitations, however, and no subscribing stockholder will be permitted to purchase shares of Additional Common Stock in excess of the number of shares of Common Stock beneficially owned by such stockholder as of the Record Date of the Subscription Offer. Further, the Over-subscription Right is also subject to allocation by the Company in the event sufficient shares of Common Stock are not available to stockholders seeking to exercise an Over- subscription Right. Accordingly, Continental shall, after the initial allocation of Additional Common Stock to those stockholders exercising their Basic Subscription Right, allocate any remaining Basic Subscription Rights, as more fully described in the Registration Statement. 3.
Subscription of Rights. (a) The Rights are evidenced by subscription rights certificates (the "Certificates"). The Certificates entitle the holders to subscribe, upon payment of the Subscription Price, for shares of Common Stock at the rate of one share per Right evidenced by a Certificate (the "Basic Subscription Right"). No fractional shares will be issued. In the event that the number of Rights submitted by a holder are exercisable for a number of shares that is not a whole number, the number of shares of Common Stock issuable to such holder will be rounded down to the nearest whole share.
