Prorating of Basic Subscription Right if Insufficient Units. If there are insufficient Units to fill all Basic Subscription Rights, the Units that are available will be allocated to our subscribing securityholders on a pro rata basis in proportion to the total number of rights granted to each securityholder.
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Samples: Subscription Rights Agreement (Waverider Communications Inc), Subscription Rights Agreement (Waverider Communications Inc)
Prorating of Basic Subscription Right if Insufficient Units. If there are insufficient Units to fill all Basic Subscription Rights, the Units that are available will be allocated to our the Company's subscribing securityholders Rights Offerees on a pro rata basis in proportion to the total number of rights granted to each securityholderRights Offeree.
Appears in 1 contract
Samples: Subscription Rights Agreement (Worldgate Communications Inc)
Prorating of Basic Subscription Right if Insufficient Units. If there are insufficient Units to fill all Basic Subscription Rights, the Units that are available will be allocated to our all Rights Offerees subscribing securityholders for Basic Subscription Rights on a pro rata basis in proportion to the total number of rights granted to each securityholderBasic Subscription Rights exercised by all such Rights Offerees subscribing for Basic Subscription Rights.
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