Common use of Over-Subscription Privilege Clause in Contracts

Over-Subscription Privilege. If any shares of Common Stock available for purchase in the Offering are not subscribed for by Record Date Stockholders pursuant to the Basic Subscription (the "Remaining Shares"), a Record Date Stockholder that has exercised fully its Rights pursuant to the Basic Subscription may subscribe for a number of Remaining Shares, on the terms and subject to the conditions set forth in the section of the Prospectus entitled “The Offer,” including as to proration. These over-subscription privileges are referred to collectively as the "Over-Subscription Privilege." The Agent shall advise the Company immediately upon the completion of the allocation set forth above as to the total number of shares subscribed and distributable.

Appears in 3 contracts

Samples: Subscription Agent Agreement (Oxford Lane Capital Corp.), Subscription Agent Agreement (Oxford Lane Capital Corp.), Subscription Agent Agreement (Oxford Lane Capital Corp.)

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Over-Subscription Privilege. If any shares of Common Stock available for purchase in the Offering are not subscribed for by Record Date Stockholders pursuant to the Basic Primary Subscription (the "Remaining Shares"), a Record Date Stockholder that has exercised fully its Rights pursuant to the Basic Primary Subscription may subscribe for a number of Remaining Shares, on the terms and subject to the conditions set forth in the section of the Prospectus entitled “The Offer,” including as to proration. These over-subscription privileges are referred to collectively as the "Over-Subscription Privilege." The Agent shall advise the Company immediately upon the completion of the allocation set forth above as to the total number of shares subscribed and distributable.

Appears in 1 contract

Samples: Subscription Agent Agreement (Keating Capital Inc)

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