Right to Subscribe Sample Clauses
The Right to Subscribe clause grants a party the option to purchase additional shares or securities, typically in proportion to their existing holdings, when new offerings are made by the company. This right is often extended to current shareholders during new issuances, allowing them to maintain their ownership percentage and avoid dilution. By providing this opportunity, the clause ensures that existing investors can protect their interests and participate in the company's future growth, addressing concerns about loss of influence or value due to new share issuances.
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Right to Subscribe. 6.1.1 Subject to Section 6.3 and Applicable Law, at any time that the Permitted Holder Ownership Percentage is equal to or greater than ten (10) percent on the Business Day that precedes a New Issuance, if the Company at any time shall propose to issue any Monsoon Voting Securities (a “New Issuance”), including as acquisition consideration to be paid to any Person or the shareholders of any Person pursuant to the acquisition by the Company of such Person (or the business or assets of such Person), the Class B Members shall have the right to subscribe for and purchase from the Company (on a pro rata basis, if applicable) additional Class B Shares (a “Purchase”) in such amount as shall cause the Permitted Holder Ownership Percentage, as calculated giving pro forma effect to such New Issuance and Purchase, to be equal to the Permitted Holder Ownership Percentage as calculated immediately prior to the consummation of such New Issuance and Purchase and otherwise preserve and maintain the relative voting and distribution rights of the Class B Members.
Right to Subscribe. If the Company achieves positive EBT for three consecutive quarters (which three quarters may include the two consecutive quarters described in (b) above), then effective as of the end of the third consecutive quarter the Company shall grant options to Mr. Crowder to purchase an additional 75,000 shares of Common ▇▇▇▇▇, ▇▇▇ options to Mr. Fox to purchase an additional 25,000 shares of Common Stock, ▇▇ ▇▇▇▇ ▇ase at the Market Price per share of the Common Stock as of the end of the third consecutive quarter. These options will expire on the third anniversary of their issuance.
Right to Subscribe. Minco hereby grants to each Investor the right to purchase equity securities of Minco or securities convertible into equity securities of Minco (such equity securities and securities convertible into equity securities being referred to as "Securities") from time to time, in the circumstances and manner set out below.
Right to Subscribe. All Eligible Holders will have a right to participate in the Rights Offering on a pro rata basis based on their respective Allowed Claims with respect to Tronox (subject to rounding requirements), provided, however, that for holders of Indirect Environmental Claims, their respective Allowed Claim for purposes of participation in the Rights Offering shall be limited to 50% of such Allowed Claim. The aggregate purchase price for the shares of New Tronox Common Stock issuable upon exercise of the Rights shall be $170 million. The Rights will not be transferable; provided, however, the right to receive shares distributable on account of exercised Rights shall be transferable with and non-severable from the underlying Claim against Tronox to which such Rights relate.
Right to Subscribe. Each Shareholder may subscribe for up to and including its Proportionate Interest of the Offered Securities or any other number of Offered Securities. This right may be exercised by delivering an irrevocable and unconditional subscription notice to the Corporation (the “Subscription Notice”) within 15 days from the date the Offering Notice is delivered (the “Offer Period”). The Subscription Notice must specify whether the Shareholder is subscribing for its Proportionate Interest, and if not, the maximum number of, or percentage of, Offered Securities such Shareholder is prepared to acquire. The “Specified Number” of a Shareholder means that Shareholder’s Proportionate Interest of the Offered Securities or the number or amount of the Offered Securities specified in that Shareholder’s Subscription Notice, and if expressed as a percentage, means the number or amount of Offered Securities equal to such percentage multiplied by the total number or amount of Offered Securities. Each Significant Shareholder Group may assign its preemptive rights under this Section 7.1.3 to one or more of its Affiliates; provided that the conditions set forth in Sections 5.2.3, 5.3.3 and 5.4.3 shall apply mutatis mutandis as if fully set forth herein.
Right to Subscribe. Subject to this Agreement, the Trilogy Parties hereby grant to South32 the sole, exclusive and irrevocable right to subscribe for, from the LLC, and have issued to it by the LLC fifty percent (50%) of all Membership Interests issued to the Company and South32 on Completion (“Option”) free and clear of any Encumbrance.
Right to Subscribe. (1) On the terms and conditions set out in this Agreement, the Silver Bull Parties hereby grant to South32 the sole, exclusive and irrevocable right for South32 to subscribe for from, respectively, the Company and Contratistas, be issued and to acquire (in the manner specified in section 4) 70% of the Company Shares and 70% of the Contratistas Shares (“Option”) free and clear of any Encumbrance.
(2) To give effect to the grant of the Option by the Silver Bull Parties pursuant to section 3.1(1), the Silver Bull Parties must, and must cause Metalline to, waive all preferential or pre-emptive rights to subscribe for the Option Shares or any portion of the Option Shares, and must carry out, and cause Metalline to carry out, all corporate acts required for the Company and Contratistas, respectively, to issue the Option Shares, including voting the Existing Shares at a meeting of the shareholders of each of the Company and Contratistas so as to authorize the issue the Option Shares upon the exercise of the Option by South32 in accordance with section 4.2(6).
Right to Subscribe. FOR SHARES IN LIST CO AND LISTING OF HANG ▇▇▇▇ GROUP OF COMPANIES
Right to Subscribe. All Eligible Holders (as defined below) will have a right to participate in the Rights Offering on a pro rata basis based on their respective allowed claims with respect to the Debtors (subject to rounding and minimum investment requirements). The aggregate purchase price for the shares of New Tronox Common Stock issuable upon exercise of the Rights shall be $105 million. The Rights will only be transferable in connection with a transfer of the claim against the Debtors to which such Rights related.