Rescission Rights definition

Rescission Rights means the rights of prospective investors who have submitted an executed Purchase Application and transferred subscription funds to the Escrow Account to rescind their offers to purchase Securities during the Rescission Period.
Sample 1

Examples of Rescission Rights in a sentence

  • County State Notice of Rescission Rights If the Buyer signs here, the notice of rescission rights on the reverse side is applicable to this contract.

  • Other Rescission Rights In certain provinces a purchaser of Units may, where the amount of the purchase does not exceed the sum of $50,000, rescind the purchase by written notice given to the registered dealer from whom the purchase was made (i) within 48 hours after receipt of the confirmation for a lump sum purchase, or (ii) within 60 days after receipt of the confirmation for the initial payment under a contractual plan.

  • Michael Aikens, Off-Contract Harms: The Real Effect of Liberal Rescission Rights on Contract Price, 121 Yale L.J. Online 69, 79 (2011).

  • Other Rescission Rights In certain provinces, a purchaser of a security of a mutual fund may (where the amount of the purchase does not exceed an amount as prescribed by legislation), rescind the purchase by notice given to the registered dealer from whom the purchase was made within 48 hours after receipt of the confirmation for a lump sum purchase or within 60 days after receipt of confirmation for the initial payment under a contractual plan for the purchase.

  • Share based reserve This reserve compromises the fair value of options share rights recognised as an expense.

  • Rescission Rights and Claims for Damages of the Customer(1) The right of rescission of the contract is subject to the statutory provisions provided that the customer is only entitled to a rescission based on a breach of duty other than a defect as long as we caused the breach negligently or intentionally.(2) Provided that the other prerequisites are fulfilled we are in principle liable for damages only if we acted with intent or gross negligence.

  • Exercise of Rescission Rights Authorization.If you live in a state whose laws or regulations provide you with a right to rescind a Supplier agreement within a certain amount of time, you authorize us to exercise this right on your behalf.

  • In the event the Company fails to exercise its Rescission Rights as to the installment of the Purchase Note due on December 31, 2016, the Company will have the option to purchase 13,333,333 Common Units owned by the Purchaser for $0.30 per Common Unit.

  • In the event the Company fails to exercise its Rescission Rights as to the installment of the Purchase Note due on September 30, 2016, the Company will have the option to purchase 13,333,333 Common Units owned by the Purchaser for $0.30 per Common Unit.

  • At the one end of the spectrum is New Zealand, where the central bank governor is personally responsible for meeting inflation targets, and if the central bank misses the target he must explain why this has happened.

Related to Rescission Rights

  • Acceleration Right means the Participant’s right, in certain circumstances, to exercise its outstanding Option as to all or any of the Common Shares in respect of which such Option has not previously been exercised and which the Participant is entitled to exercise, including in respect of Common Shares not otherwise vested at such time;

  • Conversion Rights means exchange of, or the rights to exchange, the Principal Amount of the Loan, or any part thereof, for fully paid and nonassessable Common Stock on the terms and conditions provided in the Debentures.

  • Redemption Rights means the redemption rights provided for in Section 9.2 of the SPAC Certificate of Incorporation.

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

  • Redemption Right has the meaning provided in Section 8.5(a) hereof.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • Financial Transmission Right Option means a right to receive Transmission Congestion Credits as specified in Operating Agreement, Schedule 1, section 5.2.2(c), and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.2(c).

  • Tag-Along Rights has the meaning set forth in Section 5.2.

  • Put Right has the meaning set forth in Section 8.05(a).

  • Penalty Notice means a written no- tification from the Director informing a respondent that the Director has made a finding of violation and, absent a request for a hearing, will impose a civil monetary penalty.

  • Acceleration Notice shall have the meaning specified in Section 6.2.

  • Purchase Option Notice As defined in Section 3.18(e).

  • Tag-Along Right is defined in Section 4.7(c).

  • Call Rights As defined in Section 9.01(f).

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • End of Suspension Notice has the meaning set forth in Section 1(f)(ii).

  • Secured Party Designation Notice means a notice from any Lender or an Affiliate of a Lender substantially in the form of Exhibit H.

  • Right of First Refusal and Co-Sale Agreement means the agreement among the Company, the Purchasers, and certain other stockholders of the Company, dated as of the date of the Initial Closing, in the form of Exhibit G attached to this Agreement.

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Right of First Refusal Agreement means the Right of First Refusal Agreement, dated as of August 4, 2017, among the Partnership, the Operating Partnership and NextEra Energy Resources, LLC.

  • Tag-Along Shares has the meaning ascribed to such term in Section 4.4(a).

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • Tag-Along Offer has the meaning set forth in Section 8.5(b).

  • First Offer Period has the meaning set forth in Section 13.5.