Standby Shares definition

Standby Shares has the meaning set forth in Section 2.4;
Standby Shares means Common Shares that are not otherwise subscribed for and taken up under the Rights Offering by holders of Rights;
Standby Shares shall have the meaning set forth in the recitals hereof.

Examples of Standby Shares in a sentence

  • Subject to and in accordance with the terms hereof, on the Closing Date, each Standby Purchaser shall pay, in immediately available funds by wire transfer to an account designated by SEG, the aggregate Subscription Price that is payable for its Standby Shares against delivery of such Standby Shares.

  • The closing of the sale by SEG and the purchase by each Standby Purchaser of the Standby Shares to be purchased by such Standby Purchaser hereunder shall be completed at the offices of Xxxxxx & Xxxxxxx LLP, 0000 Xxxxx Xxxxxx, Xxx Xxxx, XX 00000, at 2:00 p.m. on the Closing Date or at such other time and/or on such other date and/or at such other place as SEG and the Standby Purchasers may agree upon in writing.


More Definitions of Standby Shares

Standby Shares means 100% of the Rights Shares which remain unsubscribed for by holders of Rights on the Rights Expiry Date under the Rights Offering;
Standby Shares means the shares of New Common Stock that are to be issued and sold by the Company to the several Purchasers at the Standby Closing pursuant to this Agreement.
Standby Shares has the meaning given to it in Section 2.3(a) of Schedule 2 Subscription Agent means Computershare Subscription Agreement has the meaning given to it in the Recitals
Standby Shares means the shares of Common Stock to be purchased from the Company pursuant to Section 2(a) hereof.
Standby Shares means the shares issuable to each Purchaser pursuant to Section 1.1 hereof.
Standby Shares means any additional shares of Preferred Stock acquired by The Alpine Group, Inc. and Plainfield Special Situations Master Fund Limited and/or any of their permitted assigns following the Rights Offering.