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 one full 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.
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Samples: Subscription Agent Agreement (Mackinac Financial Corp /Mi/)
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 Units at the rate of one share three (3) Units per one full each 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.
Appears in 1 contract
Samples: Subscription Agent Agreement (First Capital Bancorp, Inc.)
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 $4.00 share per one full 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.
Appears in 1 contract
Samples: Subscription Agent Agreement (First National Corp /Va/)
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 one full 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.
Appears in 1 contract
Samples: Subscription Agent Agreement (Highlands Bankshares Inc /Va/)
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 one full [l] 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.
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Samples: Subscription/Escrow Agent Agreement (Consumers Bancorp Inc /Oh/)
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 0.6 shares per one full Right evidenced by a Certificate (the “Basic Subscription RightPrivilege”). 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.
Appears in 1 contract
Samples: Subscription Agent Agreement (United Community Financial Corp)
Subscription of Rights. (a) The Rights are evidenced by subscription rights certificates (the “Certificates”). The Certificates entitle the holders recipients to subscribe, upon payment of the Subscription Price, for 1.665 shares of Common Stock at the rate of one share per one full each 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 recipient are exercisable for a number of shares Shares that is not a whole number, the number of shares of Common Stock issuable to such holder recipient will be rounded down to the nearest whole shareShare.
Appears in 1 contract
Samples: Subscription Agent Agreement (New Peoples Bankshares Inc)
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 one full Right 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 down up to the nearest whole share.
Appears in 1 contract
Samples: Subscription Agent Agreement (Gyrodyne Co of America Inc)