Common use of Subscription Period Clause in Contracts

Subscription Period. The Debt Rights Offering will commence on the Subscription Commencement Date and will expire at the Subscription Expiration Deadline. Each Eligible Holder intending to purchase Debt Rights Offering Securities in the Debt Rights Offering must affirmatively elect to exercise its Subscription Rights in the manner set forth in the Subscription Form and Subscription Agreement by the Subscription Expiration Deadline. Any exercise of Subscription Rights after the Subscription Expiration Deadline will not be allowed and any purported exercise received by the Subscription Agent after the Subscription Expiration Deadline, regardless of when the documents or payment relating to such exercise were sent, will not be honored. The Debtors may extend the Subscription Expiration Deadline with the consent of the Required Commitment Parties (as defined in the Investment Agreement), such consent not to be unreasonably withheld, or as required by law.

Appears in 2 contracts

Samples: Investment Agreement (Seadrill LTD), Investment Agreement (North Atlantic Drilling Ltd.)

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Subscription Period. The Debt Creditor Equity Rights Offering will commence on the Subscription Commencement Date and will expire at the Subscription Expiration Deadline. Each Eligible Holder intending to purchase Debt Creditor Equity Rights Offering Securities in the Debt Creditor Equity Rights Offering must affirmatively elect to exercise its Subscription Rights in the manner set forth in the Subscription Form and Subscription Agreement by the Subscription Expiration Deadline. Any exercise of Subscription Rights after the Subscription Expiration Deadline will not be allowed and any purported exercise received by the Subscription Agent after the Subscription Expiration Deadline, regardless of when the documents or payment relating to such exercise were sent, will not be honored. The Debtors may extend the Subscription Expiration Deadline with the consent of the Required Commitment Parties (as defined in the Investment Agreement), such consent not to be unreasonably withheld, or as required by law.

Appears in 2 contracts

Samples: Investment Agreement (Seadrill LTD), Investment Agreement (North Atlantic Drilling Ltd.)

Subscription Period. The Debt Rights Offering will commence on the Subscription Commencement Date and will expire at the Subscription Expiration DeadlineDeadline (the “Subscription Period”). Each Eligible Unsecured Funded Debt Holder intending to purchase Debt Rights Offering Securities Shares in the Debt Rights Offering must affirmatively elect to exercise its Subscription Rights in the manner set forth in the Subscription Form and Subscription Agreement by the Subscription Expiration Deadline. Any exercise of Subscription Rights after the Subscription Expiration Deadline will not be allowed and any purported exercise received by the Subscription Agent after the Subscription Expiration Deadline, regardless of when the documents or payment relating to such exercise were sent, will not be honored. The Debtors may extend the Subscription Expiration Deadline may be extended with the consent of the Required Requisite Commitment Parties (as defined in the Investment Agreement), such consent not to be unreasonably withheldParties, or as required by law.

Appears in 1 contract

Samples: Equity Purchase and Commitment Agreement (Hertz Corp)

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Subscription Period. The Debt Rights Offering Offerings will commence on the Subscription Commencement Date and will expire at the Subscription Expiration Deadline. Each Eligible Holder Offeree intending to purchase Debt Eligible Offeree Rights Offering Securities Shares in the Debt Eligible Offeree Rights Offering must affirmatively elect to exercise its Subscription Share Purchase Rights in the manner set forth in the applicable Subscription Form and Subscription Agreement by the Subscription Expiration Deadline. Any exercise of Subscription Share Purchase Rights by an Eligible Offeree after the Subscription Expiration Deadline will not be allowed and any purported exercise received by the Subscription Agent after the Subscription Expiration Deadline, regardless of when the documents or payment relating to such exercise were sent, will not be honored. The Debtors may extend , except that the Subscription Expiration Deadline Company shall have the discretion, with the consent of the Required Commitment Parties (as defined Backstop Party, to allow any exercise of Share Purchase Rights in the Investment Agreement), such Eligible Offeree Rights Offering after the Subscription Expiration Deadline. The Subscription Expiration Deadline may be extended by the Company with the consent not to be unreasonably withheldof the Backstop Party, or as required by law.

Appears in 1 contract

Samples: Backstop Commitment Agreement (Tuesday Morning Corp/De)

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