Common use of The Rights Offering Clause in Contracts

The Rights Offering. Following the First Closing, the Company will commence a rights offering providing holders of record of the Common Stock on the day prior to the First Closing Date with the right to invest in Common Stock at the same price per share paid by the Purchasers and the Anchor Investors (the “Rights Offering” and together with the Equity Investment, the TARP Exchange and the Exchange Offers, the “Recapitalization”). The rights will be non-transferable and will provide for the purchase of a maximum of $20,000,000 worth of Common Stock by such existing stockholders.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Hampton Roads Bankshares Inc), Securities Purchase Agreement (Hampton Roads Bankshares Inc), Securities Purchase Agreement (Hampton Roads Bankshares Inc)

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The Rights Offering. Following the First Closingexecution of this Agreement, the Company will commence a rights offering providing holders of record of the Common Stock on the day prior to the First Closing Date with the right to invest in Common Stock at the same price per share paid by the Purchasers Investor and the Anchor Investors (the “Rights Offering” and together with the Equity Investment, the TARP Exchange and the Exchange Offers, the “Recapitalization”)Additional Investors. The rights will be non-transferable and will provide for the purchase of a maximum of up to $20,000,000 worth 3.75 million of Common Stock by such existing stockholdersshareholders, as determined by the Company.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Highlands Bankshares Inc /Va/), Securities Purchase Agreement (Highlands Bankshares Inc /Va/), Securities Purchase Agreement (Highlands Bankshares Inc /Va/)

The Rights Offering. Following the First Closing, the Company will commence a rights offering providing holders of record of the Common Stock on the day prior to the First Closing Date with the right to invest in Common Stock at the same price per share paid by the Purchasers and the Anchor Investors (the “Rights Offering” and together with the Equity Investment, the TARP Exchange and the Exchange Offers, the “Recapitalization”)Investors. The rights will be non-transferable and will provide for the purchase of a maximum of not less than $20,000,000 worth 20 million and up to $40 million of Common Stock by such existing stockholders, as determined by the Company.

Appears in 3 contracts

Samples: Investment Agreement (Hampton Roads Bankshares Inc), Investment Agreement (Anchorage Advisors, LLC), Investment Agreement (DBD Cayman, Ltd.)

The Rights Offering. Following the First Closingclosing of the transactions contemplated by this Agreement, the Company will commence a rights offering providing holders of record of the Common Stock on the day prior to the First Closing Date with the right to invest in Common Stock at the same price per share paid by the Purchasers and the Anchor Investors (the “Rights Offering” and together with the Equity Investment, the TARP Exchange and the Exchange Offers, the “Recapitalization”). The rights will be non-transferable and will provide for the purchase of a maximum of $20,000,000 worth of Common Stock by such existing stockholders.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Hampton Roads Bankshares Inc), Securities Purchase Agreement (Hampton Roads Bankshares Inc)

The Rights Offering. Following the First Closing, the Company will commence a rights offering providing holders of record of the Common Stock on the day prior to the First Closing Date with the right to invest in Common Stock at the same price per share paid by the Purchasers and the Anchor Investors (the “Rights Offering” and together with the Equity Investment, the TARP Exchange and the Exchange Offers, the “Recapitalization”)Investors. The rights will be non-transferable and will provide for the purchase of a maximum of $20,000,000 worth of Common Stock by such existing stockholders.

Appears in 2 contracts

Samples: Investment Agreement (Hampton Roads Bankshares Inc), Investment Agreement (Hampton Roads Bankshares Inc)

The Rights Offering. Following the First Closingclosing of the transactions contemplated by the Transaction Documents, the Company will commence a rights offering providing holders of record of the Common Stock on the day prior to the First Closing Date with the right to invest in Common Stock at the same price per share paid by the Purchasers and the Anchor Investors (the “Rights Offering” and together with the Equity Investment, the TARP Exchange and the Exchange Offers, the “Recapitalization”)Investors. The rights will be non-transferable and will provide for the purchase of a maximum of $20,000,000 worth of Common Stock by such existing stockholders.

Appears in 2 contracts

Samples: Investment Agreement (Hampton Roads Bankshares Inc), Investment Agreement (Hampton Roads Bankshares Inc)

The Rights Offering. Following the First ClosingClosing (as defined in the Anchor Investment Agreement), the Company will commence a rights offering providing holders of record of the Common Stock on the day prior to the First Closing Date with the right to invest in Common Stock at the same price per share paid by the Purchasers and the Anchor Investors (the “Rights Offering” and together with the Equity Investment, the TARP Exchange and the Exchange Offers, the “Recapitalization”)CapGen. The rights will be non-transferable and will provide for the purchase of a maximum of $20,000,000 worth 20.0 million of Common Stock by such existing stockholders.

Appears in 2 contracts

Samples: Investment Agreement (Hampton Roads Bankshares Inc), Investment Agreement (Hampton Roads Bankshares Inc)

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The Rights Offering. Following the First Closing, the Company will commence a rights offering providing holders of record of the Common Stock on the day prior to the First Closing Date with the right to invest in Common Stock at the same price per share paid by the Purchasers and the Anchor Investors (the “Rights Offering” and together with the Equity Investment, the TARP Exchange and the Exchange Offers, the “Recapitalization”). The rights will be non-transferable and will provide for the purchase of a maximum of not less than $20,000,000 worth and up to $40,000,000 of Common Stock by such existing stockholders, as determined by the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Hampton Roads Bankshares Inc)

The Rights Offering. Following the First ClosingClosing (as defined in the Anchor Investment Agreement), the Company will commence a rights offering providing holders of record of the Common Stock on the day prior to the First Closing Date with the right to invest in Common Stock at the same price per share paid by the Purchasers and the Anchor Investors (the “Rights Offering” and together with the Equity Investment, the TARP Exchange and the Exchange Offers, the “Recapitalization”)CapGen. The rights will be non-transferable and will provide for the purchase of a maximum of not less than $20,000,000 worth 20 million and up to $40.0 million of Common Stock by such existing stockholders, as determined by the Company.

Appears in 1 contract

Samples: Investment Agreement (Hampton Roads Bankshares Inc)

The Rights Offering. Following the First Closingexecution of this Agreement and the Additional Agreements, the Company will commence a rights offering providing holders of record of the Common Stock on the day prior to the First Closing Date with respect to the Other Private Placements with the right to invest in Common Stock at the same price per share paid by the Purchasers Investor and the Anchor Investors (the “Rights Offering” and together with the Equity Investment, the TARP Exchange and the Exchange Offers, the “Recapitalization”)Additional Investors. The rights will be non-transferable and will provide for the purchase of a maximum of up to $20,000,000 worth 3.75 million of Common Stock by such existing stockholdersshareholders, as determined by the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Highlands Bankshares Inc /Va/)

The Rights Offering. Following the First Closing, the Company will commence a rights offering providing holders of record of the Common Stock on the day prior to the First Closing Date with the right to invest in Common Stock at the same price per share paid by the Purchasers and the Anchor Investors (the “Rights Offering” and together with the Equity Investment, the TARP Exchange and the Exchange Offers, the “Recapitalization”). The rights will be non-transferable and will provide for the purchase of a maximum of not less than $20,000,000 worth 20 million and up to $40,000,000 of Common Stock by such existing stockholders, as determined by the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Hampton Roads Bankshares Inc)

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