Common use of Over-Subscription Clause in Contracts

Over-Subscription. If, after allocation of shares of Common Shares to Record Date Shareholders, there remain unexercised Rights, then the Agent shall allot the shares issuable upon exercise of such unexercised Rights in accordance with the allocation set forth in the Registration Statement. The Agent shall advise the Company immediately upon the completion of the allocation set forth in the Registration Statement as to the total number of shares subscribed and distributable.

Appears in 3 contracts

Samples: Subscription Agent Agreement (Gabelli Global Deal Fund), Subscription Agent Agreement (Gabelli Global Deal Fund), Subscription Agent Agreement (Gabelli Utility Trust)

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Over-Subscription. If, after allocation of shares of Common Shares Stock to Record Date Shareholders, there remain unexercised Rights, then the Agent shall allot the shares issuable upon exercise of such unexercised Rights in accordance with (the allocation set forth in "Remaining Shares") to shareholders who have exercised all the Registration Statement. The Agent shall advise Rights initially issued to them and who wish to acquire more than the Company immediately upon the completion of the allocation set forth in the Registration Statement as to the total number of shares subscribed and distributable.for which the Rights issued to them are

Appears in 1 contract

Samples: Subscription Agent Agreement (Japan Smaller Capitalization Fund Inc)

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Over-Subscription. If, after allocation of shares of Common Shares Stock to Record Date ShareholdersStockholders, there remain unexercised Subscription Rights, then the Agent shall allot the shares issuable upon exercise of such unexercised Rights (the “Remaining Shares”) to Stockholders who have exercised their Basic Subscription Rights in accordance with full and who elected to exercise their Over-Subscription Privilege. Shares subscribed for pursuant to the allocation Over-Subscription Privilege will be allocated according to the formula and subject to the limitations set forth in the Registration Statement. The Agent shall advise the Company immediately upon the completion of the allocation set forth in the Registration Statement as to the total number of shares subscribed and distributable.the

Appears in 1 contract

Samples: Subscription Agent Agreement (Guaranty Financial Group Inc.)

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