Common use of Subscription of Rights Clause in Contracts

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.

Appears in 6 contracts

Samples: Agent Agreement (Western Asset High Income Fund Ii Inc.), Subscription Agent Agreement (Virtus Total Return Fund Inc.), Subscription Agent Agreement (Barnes & Noble Education, Inc.)

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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.

Appears in 4 contracts

Samples: Subscription Agent Agreement (Liberty All Star Growth Fund Inc.), Subscription Agent Agreement (Royce Value Trust, Inc.), Subscription Agent Agreement (Reaves Utility Income Fund)

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 Shares at the rate of ____ share(s) one 1 Common Share for each Right three (3) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of holder of Common Shares at the Record Date who holds fewer than ____ Rights three (3) Common Shares to subscribe for and pay the Subscription Price for one full share of the Common Stock.Share

Appears in 3 contracts

Samples: Subscription and Information Agent Agreement, Subscription and Information Agent Agreement (Cushing Renaissance Fund), Subscription and Information Agent Agreement (Cushing Renaissance Fund)

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 each Right every three Rights (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 ____ three Rights to subscribe for and pay the Subscription Price for one full share of the Common Stock.

Appears in 3 contracts

Samples: Subscription Agent Agreement (Clough Global Opportunities Fund), Subscription Agent Agreement (Clough Global Dividend & Income Fund), Subscription Agent Agreement (Clough Global Equity Fund)

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 (1) share(s) for each Right three (3) Rights (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 ____ 3 (three) Rights to subscribe for and pay the Subscription Price for one full share of the Common Stock.

Appears in 2 contracts

Samples: Subscription Agent Agreement, Subscription Agent Agreement (RMR Real Estate Income Fund)

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 (1) share(s) for each Right three (3) Rights (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 ____ three (3) Rights to subscribe for and pay the Subscription Price for one full share of the Common Stock.

Appears in 2 contracts

Samples: Subscription Agent Agreement (Neuberger Berman High Yield Strategies Fund Inc.), Subscription Agent Agreement (Cohen & Steers Quality Income Realty Fund Inc)

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) one share for each Right every three Rights (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 ____ three Rights to subscribe for and pay the Subscription Price for one full share of the Common Stock.

Appears in 2 contracts

Samples: Subscription Agent Agreement (Liberty All Star Growth Fund Inc.), Subscription Agent Agreement (Reaves Utility Income Fund)

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 ____ 1/3 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 ____ 3 Rights to subscribe for and pay the Subscription Price for one full share of the Common Stock.

Appears in 1 contract

Samples: Subscription Agent Agreement (Angel Oak Financial Strategies Income Term Trust)

Subscription of Rights. 2.1 (a) The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of the Additional Common Stock at the rate of ____ 0.12701 share(s) for each Right (the “Basic Subscription Privilege”). No fractional Rights 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, but the Subscription Offer includes a step-up privilege entitling number of shares of Additional Common Stock issuable to such holder will be rounded down to the holder of fewer than ____ Rights to subscribe for and pay the Subscription Price for one full share of the Common Stocknearest whole share.

Appears in 1 contract

Samples: Subscription Agent Agreement (Tejon Ranch Co)

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) [ ] [of a share[s]] for each Right (the “Basic Subscription Privilege”). No fractional Rights will be issued, but ; if the Subscription Offer includes number of Rights exercised by a step-up privilege entitling the Rights holder would permit such holder to purchase a fraction of fewer than ____ Rights to subscribe for and pay the Subscription Price for one full a share of the Common Stock, the number of shares of Common Stock the Rights holder may purchase will be rounded down to the nearest whole share.

Appears in 1 contract

Samples: Subscription Agent Agreement (Williams Industrial Services Group Inc.)

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 Shares at the rate of ____ share(sone (1) Additional Common Share for each Right three (3) Rights (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 ____ 3 Rights to subscribe for and pay the Subscription Price for one full share of the Common StockShares.

Appears in 1 contract

Samples: Subscription Agent Agreement (Aberdeen Income Credit Strategies Fund)

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.

Appears in 1 contract

Samples: Subscription Agent Agreement (Enterprise Bancorp Inc /Ma/)

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) one share for each Right every three Rights (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 ____ three Rights to subscribe for and pay the Subscription Price for one full share of the Common Stock.

Appears in 1 contract

Samples: Agent Agreement (Reaves Utility Income Fund)

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(sone (1) share for each Right every three (3) Rights (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 ____ three (3) Rights to subscribe for and pay the Subscription Price for one full share of the Common Stock.

Appears in 1 contract

Samples: Agent Agreement (KKR Income Opportunities Fund)

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) one share for each Right every three Rights (the “Basic Subscription Privilege”). No fractional Rights shares of Common Stock will be issued. If a shareholder receives less than three Rights in total, but the Subscription Offer includes a step-up privilege entitling the holder of fewer than ____ that shareholder shall receive at least three Rights so that they may be entitled to subscribe for and pay the Subscription Price for one full share of the Common Stock.

Appears in 1 contract

Samples: Subscription Agent Agreement (New Ireland Fund Inc)

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(sone (1) share of Common Stock for each Right three (3) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of holder of Common Stock at the Record Date who holds fewer than ____ Rights three (3) shares of Common Stock to subscribe for and pay the Subscription Price for one full share of the Common Stock.

Appears in 1 contract

Samples: Subscription Agent Agreement (Tortoise MLP Fund, Inc.)

Subscription of Rights. 2.1 (a) 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) one share for each Right (the “Basic Subscription Privilege”). No fractional Rights shares will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of fewer than ____ Rights a fractional Right, if such holder fully exercises its Rights, to subscribe for 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 Common Stock“Step-up Privilege”).

Appears in 1 contract

Samples: Rights Subscription Agent Agreement (Energy Focus, Inc/De)

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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 Shares and Preferred Shares at the rate of ____ share(sone (1) Additional Common Share and one (1) Preferred Share for each Right three (3) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but . The number of Rights that are issued to Shareholders will be rounded up by the Subscription Offer includes a step-up privilege entitling Agent to the holder nearest whole number of fewer than ____ Rights to subscribe for and pay the Subscription Price for one full share of the Common Stockevenly divisible by three (3).

Appears in 1 contract

Samples: Subscription Agent Agreement (Gabelli Global Utility & Income Trust)

Subscription of Rights. 2.1 (a) 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) one share for each Right every two Rights (the “Basic Subscription Privilege”). No fractional Rights shares 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.

Appears in 1 contract

Samples: Subscription Agent Agreement (First Bancorp /Pr/)

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) one share for each Right three Rights (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 ____ three Rights to subscribe for and pay the Subscription Price for one full share of the Common Stock.

Appears in 1 contract

Samples: Subscription Agent Agreement (Western Asset High Income Fund Ii Inc.)

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.

Appears in 1 contract

Samples: Subscription Agent Agreement (Source Capital Inc /De/)

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 for every _____ share(s) for each Right Rights (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.

Appears in 1 contract

Samples: Subscription Agent Agreement (Liberty All Star Growth Fund Inc.)

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(sone (1) Additional Common Stock for each Right three (3)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 ____ three (3) Rights to subscribe for and pay the Subscription Price for one full share of the Common Stock.

Appears in 1 contract

Samples: Subscription Agent Agreement (Aberdeen Income Credit Strategies Fund)

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 Shares at the rate of ____ one share(s) for each Right every ten Rights (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 ____ ten Rights to subscribe for and pay the Subscription Price for one full share of the Common StockShare.

Appears in 1 contract

Samples: Subscription Agent Agreement (Liberty All Star Equity Fund)

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(sone (1) share of Additional Common Stock for each Right every five (5) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of issued fewer than ____ five (5) Rights to subscribe for and pay the Subscription Price for one full share of the Additional Common Stock.

Appears in 1 contract

Samples: Agent Agreement (Blackrock Corporate High Yield Fund, Inc.)

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 Shares at the rate of ____ share(sone (1) Additional Common Share for each Right three (3) Rights (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 ____ three (3) Rights to subscribe for and pay the Subscription Price for one full share of the Common Stock.

Appears in 1 contract

Samples: Agent Agreement (BlackRock Science & Technology Trust)

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) one share 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 accordingly, rights can be exercised only in multiples of fewer than ____ Rights to subscribe for and pay the Subscription Price for one full share of the Common Stockone.

Appears in 1 contract

Samples: Subscription Agent Agreement (Oxford Square Capital Corp.)

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(sone (1) share for each Right three (3) Rights (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 ____ three (3) Rights to subscribe for and pay the Subscription Price for one full share of the Common Stock.

Appears in 1 contract

Samples: Subscription Agent Agreement (Center Coast MLP & Infrastructure Fund)

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