Backstop Commitment. (a) Subject to the consummation of the Rights Offering and the terms and conditions of this Agreement, to the extent the Rights Offering is not fully subscribed after accounting for all Over-Subscription Rights exercised, each Backstop Purchaser agrees to purchase from the Company, at a price per share equal to the Subscription Price, its Pro Rata Portion of the Unsubscribed Share Amount (the “Backstop Commitment”). The following terms shall have the following meanings for purposes of this Agreement:
Appears in 3 contracts
Samples: Standby, Securities Purchase and Debt Conversion Agreement (Barnes & Noble Education, Inc.), Standby, Securities Purchase and Debt Conversion Agreement (Immersion Corp), Standby, Securities Purchase and Debt Conversion Agreement
Backstop Commitment. (a) Subject to the consummation of the Rights Offering and the terms and conditions of this Agreementset forth herein, in order to the extent provide assurance that the Rights Offering is not will be fully subscribed after accounting for all Over-Subscription Rights exercisedsubscribed, each the Backstop Purchaser agrees hereby commits to purchase from the Company, and the Company hereby agrees to sell to the Backstop Purchaser, at a price per share equal to the Subscription Price, its Pro Rata Portion of the Unsubscribed Share Amount (the “Backstop Commitment”). The following terms shall have the following meanings for purposes of this Agreement:any and all
Appears in 1 contract
Samples: Rights Offering Backstop Agreement (ARC Group Worldwide, Inc.)
