basic subscription privilege definition

basic subscription privilege means a privilege to subscribe for the number or amount of securities set out in a rights certificate held by the holder of the rights certificate;

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basic subscription privilege shall have the meaning set forth in the recitals hereof.

basic subscription privilege has the meaning given in Section 2.1;

Examples of basic subscription privilege in a sentence

• Pursuant to Securities Laws, each Eligible Holder who exercises its full Basic Subscription Privilege will be entitled to subscribe for additional Common Shares at the Subscription Price in the manner and the amounts prescribed by Securities Laws and as further detailed in the Rights Offering Circular to the extent that other holders of Rights do not exercise all of their Rights under the Basic Subscription Privilege (the “Additional Subscription Privilege”).

• The completion of the purchase of Common Shares issuable upon the exercise of the Rights pursuant to the Basic Subscription Privilege and the Additional Subscription Privilege by each Eligible Holder that has validly subscribed for Common Shares will occur at the time and in the manner set forth in the Rights Offering Circular and any conflict between this Agreement and the Rights Offering Circular will be resolved in favour of the Rights Offering Circular.

More Definitions of basic subscription privilege

basic subscription privilege means a privilege to subscribe for that number of securities set out in a rights certificate held by a holder of the rights certificate;

basic subscription privilege means the right of Eligible Rights Holders to subscribe for and purchase Common Shares through the exercise of Rights at the rate of one Common Share for each Right held.

basic subscription privilege means the entitlement of a holder of Rights to subscribe for Units pursuant to the Rights Offering, at a price equal to the Subscription Price, as such entitlement is further detailed in the Prospectus.

basic subscription privilege has the meaning assigned to it in the Preamble.

basic subscription privilege means the right of a holder of a Right to purchase 0.1693 New Common Shares per Right, such that a holder may exercise 5.91 Rights to purchase one (1) New Common Share for the Subscription Price prior to the Rights Expiry Time.

basic subscription privilege shall have the meaning set forth in the recitals hereof. “Board” shall mean the Board of Directors of the Company. “Business Day” shall mean any day that is not a Saturday, a Sunday or a day on which banks are generally closed in the State of New York. “Closing” shall mean the closing of the purchases described in Section 2 hereof, which shall be held at the offices of Continental Stock Transfer Company, at 10:00 a.m., Eastern Time, on the Closing Date or at such other place and time as shall be agreed upon by the parties hereto, and in no event more than five (5) business days after completion of the Rights Offering.

basic subscription privilege shall have the meaning set forth in Section 3.1(b).