Common use of The Rights Offering Clause in Contracts

The Rights Offering. Following the Closing, the Company will commence a rights offering providing holders of record of the Common Stock as of the close of business on the Business Day immediately preceding the Closing Date with the right to purchase Common Stock at the same price per share paid by the Investor. The rights will be transferable and will provide for the purchase of up to $20,000,000 of Common Stock by such existing shareholders.

Appears in 5 contracts

Samples: Investment Agreement (Central Pacific Financial Corp), Investment Agreement (Central Pacific Financial Corp), Investment Agreement (Anchorage Capital Group, L.L.C.)

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The Rights Offering. Following the Closing, the Company will may commence a rights offering (the “Rights Offering”) providing holders of record of the Common Stock as of the close of business on the Business Day immediately preceding a record date prior to the Closing Date to be selected by the Company with the right to purchase Common Stock at the same price per share as that paid by the Investor. The rights will would not be transferable and will would provide for the purchase of up to $20,000,000 2 million of Common Stock in the aggregate by such existing shareholdersstockholders.

Appears in 4 contracts

Samples: Subscription Agreement (Broadway Financial Corp \De\), Subscription Agreement (Broadway Financial Corp \De\), Subscription Agreement (Broadway Financial Corp \De\)

The Rights Offering. Following the First Closing, the Company will commence a rights offering providing holders of record of the Common Stock as of the close of business on the Business Day immediately preceding day prior to the First Closing Date with the right to purchase invest in Common Stock at the same price per share paid by the InvestorPurchasers and the Anchor Investors (the “Rights Offering” and together with the Equity Investment, the TARP Exchange and the Exchange Offers, the “Recapitalization”). The rights will be non-transferable and will provide for the purchase of up to a maximum of $20,000,000 worth of Common Stock by such existing shareholdersstockholders.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Hampton Roads Bankshares Inc), Securities Purchase Agreement (Hampton Roads Bankshares Inc), Securities Purchase Agreement (Hampton Roads Bankshares Inc)

The Rights Offering. Following the First Closing, the Company will commence a rights offering providing holders of record of the Common Stock as of the close of business on the Business Day immediately preceding day prior to the First Closing Date with the right to purchase invest in Common Stock at the same price per share paid by the InvestorAnchor Investors. The rights will be non-transferable and will provide for the purchase of not less than $20 million and up to $20,000,000 40 million of Common Stock by such existing shareholdersstockholders, as determined by the Company.

Appears in 3 contracts

Samples: Investment Agreement (Anchorage Advisors, LLC), Investment Agreement (DBD Cayman, Ltd.), Investment Agreement (Hampton Roads Bankshares Inc)

The Rights Offering. Following the Closingexecution of this Agreement, the Company will commence a rights offering providing holders of record of the Common Stock as of the close of business on the Business Day immediately preceding day prior to the Closing Date with the right to purchase invest in Common Stock at the same price per share paid by the InvestorInvestor and the Additional Investors. The rights will be non-transferable and will provide for the purchase of up to $20,000,000 3.75 million of Common Stock by such existing shareholders, as determined by the Company.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Highlands Bankshares Inc /Va/), Securities Purchase Agreement (Highlands Bankshares Inc /Va/), Securities Purchase Agreement (Highlands Bankshares Inc /Va/)

The Rights Offering. Following the First Closing, the Company will commence a rights offering providing holders of record of the Common Stock as of the close of business on the Business Day immediately preceding day prior to the First Closing Date with the right to purchase invest in Common Stock at the same price per share paid by the InvestorAnchor Investors. The rights will be non-transferable and will provide for the purchase of up to a maximum of $20,000,000 worth of Common Stock by such existing shareholdersstockholders.

Appears in 2 contracts

Samples: Investment Agreement (Hampton Roads Bankshares Inc), Investment Agreement (Hampton Roads Bankshares Inc)

The Rights Offering. Following the Closingclosing of the transactions contemplated by the Transaction Documents, the Company will commence a rights offering providing holders of record of the Common Stock as of the close of business on the Business Day immediately preceding day prior to the Closing Date with the right to purchase invest in Common Stock at the same price per share paid by the InvestorAnchor Investors. The rights will be non-transferable and will provide for the purchase of up to a maximum of $20,000,000 worth of Common Stock by such existing shareholdersstockholders.

Appears in 2 contracts

Samples: Investment Agreement (Hampton Roads Bankshares Inc), Investment Agreement (Hampton Roads Bankshares Inc)

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The Rights Offering. Following the Closingclosing of the transactions contemplated by this Agreement, the Company will commence a rights offering providing holders of record of the Common Stock as of the close of business on the Business Day immediately preceding day prior to the Closing Date with the right to purchase invest in Common Stock at the same price per share paid by the InvestorPurchasers and the Anchor Investors (the “Rights Offering” and together with the Equity Investment, the TARP Exchange and the Exchange Offers, the “Recapitalization”). The rights will be non-transferable and will provide for the purchase of up to a maximum of $20,000,000 worth of Common Stock by such existing shareholdersstockholders.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Hampton Roads Bankshares Inc), Securities Purchase Agreement (Hampton Roads Bankshares Inc)

The Rights Offering. Following the Closing, the Company will commence a rights offering providing holders of record of the Common Stock as of the close of business on the Business Day immediately preceding the Closing Record Date with the right to purchase Common Stock at the same price per share paid by the InvestorInvestor pursuant to this Agreement. The rights will be transferable and will provide for the purchase of up to $20,000,000 15,000,000 of Common Stock by such existing shareholdersStock.

Appears in 1 contract

Samples: Securities Purchase Agreement (First Mariner Bancorp)

The Rights Offering. Following the Closing, the Company will commence a rights offering (the “Rights Offering”) providing holders of record of the Common Stock as of the close of business on the Business Day immediately preceding the Closing Date with the right to purchase Common Stock at the same price per share paid by the Investor. The rights will be transferable and will provide for the purchase of up to $20,000,000 of Common Stock by such existing shareholders.

Appears in 1 contract

Samples: Subscription Agreement (Central Pacific Financial Corp)

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