Common use of Standby Purchase Commitment Clause in Contracts

Standby Purchase Commitment. (a) The Standby Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Standby Purchaser, at the Subscription Price, all of the New Shares that will be available for purchase by the Standby Purchaser pursuant to its Basic Subscription Privilege, if applicable. The Standby Purchaser agrees not to exercise, and to cause its Affiliates not to exercise, the Over-Subscription Privilege to which the Standby Purchaser and its Affiliates would otherwise be entitled in the Rights Offering, if applicable.

Appears in 3 contracts

Samples: Standby Purchase Agreement (Community Capital Corp /Sc/), Standby Purchase Agreement (Community Capital Corp /Sc/), Standby Purchase Agreement (Community Capital Corp /Sc/)

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Standby Purchase Commitment. (a) The Each of the Standby Purchaser Purchasers hereby agrees to purchase from the Company, and the Company hereby agrees to sell to each of the Standby PurchaserPurchasers, at the Subscription Price, all of the New Shares that will be available for purchase by each of the Standby Purchaser Purchasers pursuant to its Basic Subscription Privilege, if applicable. The Each Standby Purchaser agrees not to exercise, and to cause its Affiliates not to exercise, the Over-Subscription Privilege to which the such Standby Purchaser and its Affiliates would otherwise be entitled in the Rights Offering, if applicable.

Appears in 2 contracts

Samples: Standby Purchase Agreement (Exide Technologies), Standby Purchase Agreement (Security Bank Corp)

Standby Purchase Commitment. (a) The Standby Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Standby Purchaser, at the Subscription Price, all Shares in the Standby Offering up to the Standby Purchase Limit, if and only to the extent that such Shares are available after the exercise of the New Shares that will be available for purchase Subscription Privileges by the Standby Purchaser pursuant to its Basic Subscription Privilege, if applicable. The Standby Purchaser agrees not to exercise, and to cause its Affiliates not to exercise, the Over-Subscription Privilege to which the Standby Purchaser and its Affiliates would otherwise be entitled each Equity Stock holder granted Rights in the Rights Offering, if applicableOffering (including the KH Basic Rights Purchase).

Appears in 2 contracts

Samples: Standby Purchase Agreement (Kien Huat Realty III LTD), Standby Purchase Agreement (Empire Resorts Inc)

Standby Purchase Commitment. (a) The Each of the Standby Purchaser Purchasers hereby agrees to purchase from the Company, and the Company hereby agrees to sell to each of the Standby PurchaserPurchasers, at the Subscription Price, all of the New Shares that will be available for purchase by the Standby Purchaser pursuant to its Basic Subscription Privilege, if applicable. The Each Standby Purchaser agrees not to exercise, and to cause its Affiliates not to exercise, the Over-Subscription Privilege to which the such Standby Purchaser and its Affiliates would otherwise be entitled in the Rights Offering, if applicable.

Appears in 1 contract

Samples: Standby Purchase Agreement (Community Capital Corp /Sc/)

Standby Purchase Commitment. (a) The Subject to the second sentence in Section 2(b) below, the Standby Purchaser hereby agrees (i) to purchase from the Company, and the Company hereby agrees to sell to the Standby Purchaser, at the Subscription Price, all of the New Shares that will be available for purchase by the Standby Purchaser pursuant to its Basic Subscription Privilege, if applicable. The Right (“Basic Shares”) and (ii) the Standby Purchaser agrees not to exercise, and to cause its Affiliates not to exercise, the Over-Subscription Privilege to which the such Standby Purchaser and its Affiliates would otherwise be entitled in the Rights Offering, if applicable.

Appears in 1 contract

Samples: Standby Purchase Agreement (MBT Financial Corp)

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Standby Purchase Commitment. (a) The Standby Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Standby Purchaser, at the Subscription Price, all Shares in the Standby Offering, if and only to the extent that such Shares are available after the exercise of the New Shares that will be available for purchase Subscription Privileges by the Standby Purchaser pursuant to its Basic Subscription Privilege, if applicable. The Standby Purchaser agrees not to exercise, and to cause its Affiliates not to exercise, the Over-Subscription Privilege to which the Standby Purchaser and its Affiliates would otherwise be entitled each Right Holder in the Rights Offering, if applicableOffering (including the KH Basic Rights Purchase).

Appears in 1 contract

Samples: Standby Purchase Agreement (Empire Resorts Inc)

Standby Purchase Commitment. (a) The Standby Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Standby Purchaser, at the Subscription Price, all of the Price New Shares that will be available for purchase by the Standby Purchaser pursuant to its Basic Subscription Privilege, if applicable. The Standby Purchaser agrees not to exercise, and to cause its Affiliates not to exercise, the Over-Subscription Privilege to which the such Standby Purchaser and its Affiliates would otherwise be entitled in the Rights Offering, if applicable.

Appears in 1 contract

Samples: Standby Purchase Agreement (Federal Trust Corp)

Standby Purchase Commitment. (a) The Standby Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Standby Purchaser, at the Subscription Price, all Shares in the Standby Offering, if and only to the extent that such Shares are available after the expiration of the New Shares that will be available for purchase Subscription Privileges by the Standby Purchaser pursuant to its Basic Subscription Privilege, if applicable. The Standby Purchaser agrees not to exercise, and to cause its Affiliates not to exercise, the Over-Subscription Privilege to which the Standby Purchaser and its Affiliates would otherwise be entitled each Equity Stock holder granted Rights in the Rights Offering, if applicableOffering (including the KH Basic Rights Purchase).

Appears in 1 contract

Samples: Standby Purchase Agreement (Empire Resorts Inc)

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