Oversubscription Rights definition
Examples of Oversubscription Rights in a sentence
For the avoidance of doubt, Unsubscribed Shares shall not, under any circumstances, include any Available Direct Subscription Shares, and any Investor that included Available Direct Subscription Shares in the Rights Offering shall remain obligated to purchase such Available Direct Subscription Shares to the extent not purchased by Rights Holders pursuant to their Oversubscription Rights.
If not enough Sale Shares remain to satisfy all properly exercised Series D Oversubscription Rights, then the Unsubscribed Sale Shares shall be sold to and purchased by Series D Investors exercising Series D Oversubscription Rights pro rata.
If not enough Equity Securities are offered for sale to satisfy all properly exercised Investor Oversubscription Rights, the Unsubscribed Shares shall be sold to and purchased by Majority Investors exercising Investor Oversubscription Rights pro rata.
Any such assignee will be required to pay the applicable purchase price for shares purchased pursuant to the exercise of Rights under Section 1(a) as provided in such section and any amounts payable upon the exercise of Oversubscription Rights under Section 1(b) and with respect to the Holdback Shares and Backstop Shares by 2:00 p.m., New York time on the second Business Day after receipt of the Commitment Notice or Satisfaction Notice (which deadline will be set forth therein).
Common Shares not sold by the Company through the exercise of Basic Rights will be offered, by means of Oversubscription Rights, to the Record Date Stockholders who have exercised all of their Basic Rights.
The number of shares available for purchase by means of the Oversubscription Rights shall be the total number of Offered Shares minus the number of shares purchased upon exercise of all stockholders' Basic Subscription Rights.
As soon as practicable after the Election Form Deadline, the Rights Offering Agent will provide by mail, electronic mail or facsimile transmission to such Eligible Holder a form (the “Subscription Form”) to allow such Eligible Holder to exercise its Subscription Rights and, if applicable, Oversubscription Rights.
The Debtors shall not be obligated to honor any purported exercise of Subscription Rights or Oversubscription Rights received by the Rights Offering Agent after the Subscription Expiration Date, regardless of when the documents relating to such exercise were sent.
The Company hereby constitutes and appoints the Subscription Agent as the Company's true and lawful attorney in-fact, with full power in such capacity to endorse, deposit, negotiate, and invest on behalf and for the account of the Company any checks, draft, wire transfers or other payments received by the Subscription Agent as a payment of the Subscription Price upon the exercise of Basic Rights and Oversubscription Rights.
Record Date Stockholders such as broker-dealers, banks, and other professional intermediaries who hold shares on behalf of clients, may participate in exercising the Oversubscription Rights for the client if the client fully exercises all Basic Rights.