Examples of Shareholder Subscription Rights in a sentence
Each Ineligible Existing Hertz Shareholder may elect prior to the Subscription Rights Expiration Deadline to have its Pro Rata (based on Existing Hertz Parent Interests held by all Holders of Existing Hertz Parent Interests) share of the Shareholder Subscription Rights sold pursuant to the Shareholder Subscription Rights Auction by submitting such election in accordance with the Rights Offering Procedures.
The Shareholder Subscription Rights Auction will conclude prior to the Effective Date in accordance with the Rights Offering Procedures.
Instead of receiving New Warrants, each Holder of Existing Hertz Parent Interests may elect to be issued Shareholder Subscription Rights to purchase, pursuant to the terms of the Rights Offering Procedures, its Pro Rata allocation of the Rights Offering to the extent it is an Eligible Existing Hertz Shareholder.
Any such election will include the maximum amount and price per Shareholder Subscription Right such Eligible Existing Hertz Shareholder is willing to purchase at the Shareholder Subscription Rights Auction.
In addition to exercising their Pro Rata (based on Existing Hertz Parent Interests held by all Holders of Existing Hertz Parent Interests) share of the Shareholder Subscription Rights, each Eligible Existing Hertz Shareholder may elect prior to the Subscription Rights Expiration Deadline to purchase available Shareholder Subscription Rights at the Shareholder Subscription Rights Auction by submitting such election in accordance with the Rights Offering Procedures.
Participants: All Existing Hertz Shareholders other than Eligible Existing Hertz Shareholders that elect to receive Shareholder Subscription Rights in lieu of the New Warrants in accordance with the Plan on a Pro Rata basis (based on Existing Hertz Parent Interests held by all Holders of Existing Hertz Parent Interests).
For the avoidance of doubt, each Eligible Shareholder who exercises its Shareholder Subscription Rights shall be a beneficiary of Claire’s Parent’s exercise of its rights as a Backstop Party under the New Money Backstop Commitment Agreement with respect to Claire’s Parent’s New Investment Allocation.
Unless the Existing Claire’s Parent Equity Recovery Condition has occurred, (i) no Holder of an Existing Claire’s Parent Equity Interest shall receive any recovery on account of such Interest, including any distribution to Ineligible Shareholders, and (ii) the Shareholder Subscription Rights pursuant to the Rights Offering Procedures shall be automatically null and void ab initio without any further action by any Entity.
For each test unit and in each principal direction, calculate from the recorded values the average breaking force, average elongation at break, average integrator or planimeter value, and the average elastic slope, as required.
Pursuant to the Shareholder Subscription Rights Auction, the Debtors will sell available Shareholder Subscription Rights for the highest available aggregate purchase price and distribute cash proceeds in accordance with the Plan.