Examples of Class C Rights in a sentence
Vesting price B is 400% of the 20-day VWAP immediately prior to the date of the AGM, being $0.00485;• Class C Rights will vest when, prior to 31 December 2021 the Company completes a successful farm-out transaction in respect of one of the Company’s projects and the Company elects to move into the drilling phase in respect of the licence the subject of the farm-out.
Class C Rights not exercised at or prior to the Expiration Time will expire.
In prior years, the following LTI Rights vested or lapsed: (iii) On 16 December 2014, the vesting condition on 7,500,000 Class C Rights issued to Mr Rogers was met.
On 16 December 2014, the vesting condition on the 7,500,000 Class C Rights issued to Mr Rogers were met.
Subject to the Class C Rights, the Partnership may incur Debt, or enter into similar credit, guarantee, financing or refinancing arrangements for any purpose (including in connection with any acquisition of property) with any Person upon such terms as the General Partner determines appropriate.
We encourage you to review the discussion in the Prospectus under the heading “The Rights Offering—Method of Transferring and Selling Class C Rights—Sales of Class C Rights Through the Subscription Agent.” Deliveries and payments will be made to the address shown on the face of your Rights Certificate unless you provide instructions to the contrary in Section 2 of your Rights Certificate.
The aggregate fees charged by the Subscription Agent for selling Class C Rights will be deducted from the aggregate sale price for all such Class C Rights in determining the weighted average net sale price of all such Class C Rights.
Subject to the Class C Rights, if the Partnership issues Partnership Interests in accordance with Section 4.2 or 4.3, the distribution priorities set forth in Section 5.1 shall be amended, as necessary and as permitted pursuant to the terms hereof (including the Class C Rights), to reflect the distribution priority of such Partnership Interests and corresponding amendments shall be made to the provisions of Exhibit B.
The Subscription Agent’s obligation to execute sell orders is subject to its ability to find buyers for the Class C Rights.
If you choose to have a new Rights Certificate sent, you may not receive the new Rights Certificate in sufficient time to permit the exercise, assignment, transfer or sale of the Class C Rights evidenced thereby.