Basic Subscription Right definition

Basic Subscription Right means the entitlement of a holder of Rights to subscribe pursuant to the Rights Offering for one Common Share at a price equal to the Subscription Price for each number of Rights held equal to the Rights Ratio, as such entitlement is further detailed in the Prospectus;
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Basic Subscription Right has the meaning set forth in the recitals hereto.
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Basic Subscription Right shall have the meaning set forth in Section 1.1(d). Any Person shall be deemed to “Beneficially Own”, to have “Beneficial Ownership” of, or to be “Beneficially Owning” any securities (which securities shall also be deemed “Beneficially Owned” by such Person) that such Person is deemed to “beneficially own” within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act as in effect on the date of this Agreement.
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Examples of Basic Subscription Right in a sentence

  • The Applicant represents that the Over-Subscription Privilege allowed a shareholder who purchased all of the DCBF Stock available to them pursuant to their Basic Subscription Right to purchase a portion of any shares of DCBF Stock that were not purchased pursuant to the exercise of other shareholders’ Basic Subscription Rights.

  • Each Right entitled the holder to a basic subscription right (the Basic Subscription Right) and an over- subscription privilege (the Over Subscription Privilege).

  • As represented by the Applicant, the Basic Subscription Right of each Right gave a shareholder the Accordingly, the decision by the Bank to act as the opportunity to purchase one share of Trustee and custodian of the Plan, would not appear, in itself, to raise issues under section 406(b)(1) or (b)(2) of the Act.

  • The Shares available for such purpose (the “Additional Shares”) will be those Shares that have not been subscribed and paid for under the Basic Subscription Right.To exercise the Additional Subscription Privilege, any holder of a Rights Certificate who completes Form 1 for the maximum number of Shares that can be subscribed for pursuant to the Basic Subscription Right must also complete Form 2 on the Rights Certificate and specify the number of Additional Shares desired to be subscribed for.

  • On the Closing Date (as defined below), the Company shall issue to each Holder that validly exercised its Rights under the Basic Subscription Right the number of Offered Shares to which such Holder is entitled based on such exercise, provided that the obligation of the Company to consummate the Rights Offering shall be subject to the conditions set forth in Section 11(d) (which may not be waived, in whole or in part, by the Company without the prior written consent of Elliott).

  • Each Holder that wishes to exercise all or a portion of its Rights under the Basic Subscription Right shall, during the Subscription Period and prior to the Expiration Time, follow the instructions set forth in the Registration Statement (as defined below) and related materials to exercise such Rights.

  • In our quantitative comparison we consider a specific virtual bond between two neighboring sites in the center of the lattice, and focus on the corresponding λ matrix generated by the SU after convergence,♯ Just like the environment approximation, the tensor update in a separable environment can be performed with O(D5) operations.

  • Each Subscription Right entitles the record holder to a Basic Subscription Right and an Over-Subscription Privilege.

  • Other expenses not related to Recipient’s primary cultural purpose and any expenses not listed on Exhibit “A” unless approved by the City in writing.

  • Funds received by the Subscription Agent pursuant to the Basic Subscription Right and the Additional Subscription Privilege shall be held by it in a segregated account.


More Definitions of Basic Subscription Right

Basic Subscription Right means the entitlement granted under the Rights to subscribe for one Unit, consisting of one Class A Share and one Preferred Share, at a subscription price of $26.10, for each Right held.
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Basic Subscription Right has the meaning given in the Recitals.
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Basic Subscription Right means, for each share owned as of the Record Date, the first priority right to purchase a number of shares equal to the total number of shares offered in the Rights Offering divided by the number of shares outstanding as of the Record Date, rounded up to the nearest thousandth.
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Related to Basic Subscription Right

  • Subscription Rights means the subscription rights to purchase Rights Offering Shares.

  • 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;

  • additional subscription privilege means a privilege, granted to a holder of a right, to subscribe for a security not subscribed for by any holder under a basic subscription privilege;

  • Annual Subscription means the subscription paid by a member in accordance with the Registered Clubs Act and being paid either annually or otherwise.

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

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

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

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Subscription Notice has the meaning set forth in Section 1.1.

  • Call 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 payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Subscription Period means the defined period of time of the Subscription as set forth in an Order Form.

  • Subscription Price has the meaning set forth in Section 2.1.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Undersubscription Notice means written notice from an Investor notifying the Company and the selling Key Holder that such Investor intends to exercise its option to purchase all or any portion of the Transfer Stock not purchased pursuant to the Right of First Refusal or the Secondary Refusal Right.

  • Minimum Subscription means the minimum subscription for Shares as specified in the relevant Supplement.

  • Subscription Term means the initial subscription term and if applicable any renewal subscription term of a Cloud Service identified in the Order Form.

  • 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.

  • Option Units means the Common Units that the Partnership will agree to issue upon an exercise of the Over-Allotment Option.

  • Minimum Subsequent Subscription means, in relation to the Euro RDR ‘Retail’

  • Subscription License means a particular type of license to a Software Product that allow s a Customer to use the Software Product for a specified period of time identified in the Quote. For reference, a Software Product that is a Subscription License shall have the word “Subscription” in the Software Product name and/or have the letters “SU” at the end of the product number for the Software Product.

  • Subscription Form means the form of subscription annexed hereto as Schedule “A”;

  • Initial Subscription Term the initial term of Your Subscription as agreed in the Order which commences on the date of acceptance of the Order or as otherwise agreed to by the parties.

  • Subscription Service means the PROS software applications subscribed to by Customer under an Order and made available online by PROS as described in the Documentation. “Subscription Service” excludes Professional Services and Free Trial Services.

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

  • Subscription Limit means any applicable limit on the Issuer’s ability to fund newly issued ETP Securities pursuant to the terms of the LS Operating Procedures Agreement or the LS Margin Account Agreement, as may be amended from time to time.

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.