Unsubscribed Shares definition

Unsubscribed Shares means the Rights Offering Shares that have not been duly purchased by the Rights Offering Participants in accordance with the Rights Offering Procedures and the Plan.

Unsubscribed Shares shall have the meaning set forth in Section 2(b) hereof.

Unsubscribed Shares has the meaning set forth in the recitals hereto.

Examples of Unsubscribed Shares in a sentence

• Following the acceptance by Oi of all subscriptions to purchase Offered Shares tendered during the First Round Leftover Subscription Period and Second Round Leftover Subscription Period as described above, each Investor shall subscribe to the number of Offered Shares equal to the total number of Unsubscribed Shares multiplied by the Investors’ Commitment Percentage at the Rights Offer Price.

• Each Investor, on a several and not joint basis and subject to the terms and conditions set forth herein, hereby makes its Commitment and agrees to take all actions necessary to subscribe and pay for the percentage (the “Commitment Percentage”) of the total number of Unsubscribed Shares set forth in Schedule 1 attached hereto on the terms set forth herein, subject to the number of available Unsubscribed Shares for subscription.

• For the avoidance of doubt, to the extent payable in accordance with the terms of this Agreement, the Commitment Premium will be payable regardless of the amount of Unsubscribed Shares (if any) actually purchased.

• The Debtors will apply the proceeds from the exercise of the Subscription Rights and the sale of the Unsubscribed Shares for the purposes identified in the Disclosure Statement and the Plan.

• Neither the Company nor any of its Subsidiaries is a party to any Contract with any Person (other than this Agreement) that would give rise to a valid claim against the Backstop Parties for a brokerage commission, finder’s fee or like payment in connection with the Rights Offering or the sale of the Unsubscribed Shares.

More Definitions of Unsubscribed Shares

Unsubscribed Shares means as defined in Section ‎5.7(c).

Unsubscribed Shares means the Selling Stockholders Unsubscribed Shares, the Company Unsubscribed Shares and the Undistributed Shares.

Unsubscribed Shares means the number of Shares not purchased in connection with the Subscription Offering.

Unsubscribed Shares means the Shares, other than (i) the Shares issuable pursuant to the Rights that were properly exercised by the Rights Holders during the Rights Exercise Period pursuant to the Basic Subscription Right and the Oversubscription Right (but excluding any Available Direct Subscription Shares) and (ii) Cash Recovery Subscription Equity.

Unsubscribed Shares means shares of Rights Offering Equity that are not timely, duly, and validly subscribed and paid for by the holders of Allowed Notes Claims in accordance with the applicable Rights Offering Procedures.

Unsubscribed Shares means an aggregate number of shares of New Common Stock equal to 72,900,000 minus the number of shares of New Common Stock offered pursuant to the Rights Offering and purchased on or before the expiration time of the Rights Offering.

Unsubscribed Shares means any Offered Shares that are not purchased by 1145 Eligible Holders or Accredited Investor Eligible Holders in the Rights Offerings.