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

• CDB will use commercially reasonable efforts to list the Rights, the Rights Shares, the Standby Shares and the Warrant Shares on the TSXV.

• Subject to and in accordance with the terms hereof, on the Closing Date, the Standby Purchaser shall pay to CDB, or as CDB and Standby Purchaser may alternatively agree, the aggregate Subscription Price that is payable for the Standby Shares to be purchased by the Standby Purchaser pursuant to this Agreement, and CDB shall issue the Standby Shares to the Standby Purchaser against payment of such amounts.

• Subject to Section 2.5, immediately after Expiry Time on the Expiry Date, CDB shall advise the Standby Purchaser as to the number of Standby Shares to be acquired and aggregate Subscription Price payable by the Standby Purchaser.

• All representations and warranties of CDB contained herein or contained in any document delivered pursuant to this Agreement or in connection with the Rights Offering herein contemplated, will survive the completion of the purchase of Standby Shares by the Standby Purchaser and will continue in full force and effect for a period of two years notwithstanding any investigation, inquiry or other steps which may be taken by or on behalf of the Standby Purchaser.

• Other than as previously disclosed to the Standby Purchaser, the issuance of the Securities and the Warrant Shares will not be subject to any pre‐emptive or similar rights (it being acknowledged by the Standby Purchaser that the number of Standby Shares that it may be entitled to receive pursuant to this Agreement will depend on the number of Rights Shares issued to those Persons who have exercised their Rights and Additional Subscription Privilege prior to the Expiry Time on the Expiry Date).

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.

Standby Shares means those shares of New Common Stock to be acquired by the Purchasers pursuant to Standby Funding Commitment under the Investment Agreement.