Equity Committee Rights Offering Sample Clauses

Equity Committee Rights Offering. Any and all disputes concerning the timeliness, viability, form and eligibility of any exercise of Shareholder Subscription Rights shall be addressed in good faith by Tronox in consultation with the Equity Committee, the Equity Committee Sponsors, and the Creditors’ Committee, the determinations of which shall be final and binding, unless the Bankruptcy Court so orders otherwise. With respect to the Equity Committee Rights Offering, Tronox in consultation with the Equity Committee, the Equity Committee Sponsors, and the Creditors’ Committee, and subject to Bankruptcy Court approval, may (i) waive any defect or irregularity, or permit a defect or irregularity to be corrected, within such times as they may determine in good faith to be appropriate, or (ii) reject the purported exercise of any Shareholder Subscription Rights for which the Shareholder Rights Exercise Form and/or payment includes defects or irregularities. Shareholder Rights Exercise Forms shall be deemed not to have been properly completed until all irregularities have been waived or cured within such time as Tronox determine in its discretion reasonably exercised in good faith. Tronox reserves the right, but is under no obligation, to give notice to any Shareholder Eligible Holder regarding any defect or irregularity in connection with any purported exercise of Shareholder Subscription Rights by such Shareholder Eligible Holder and Tronox may, but is under no obligation, to permit such defect or irregularity to be cured; provided, however, that none of Tronox, the Subscription Agent, the Equity Committee, the Equity Committee Sponsors, or the Creditors’ Committee (including any of each of their respective officers, directors, employees, agents or advisors) shall incur any liability for failure to give such notification. Tronox, with the approval of the Bankruptcy Court, the Equity Committee, the Equity Committee Sponsors, and the Creditors’ Committee, may (i) extend the duration of the Equity Committee Rights Offering or adopt additional detailed procedures to more efficiently n n u u g g c c e e o o d d V V . . i i e w e w w w w w e e w w r r P P m m D D Click to buy NOW! o Click to buy NOW! o F F c c - - . . X k X k c c C C a a h h r r a a t t - - administer the distribution and exercise of the Shareholder Subscription Rights; and (ii) make such other changes to the Equity Committee Rights Offering, including which stakeholders constitute Shareholder Eligible Holders.
Sample 1
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