Examples of Equity Rights Offering Participants in a sentence
Upon exercise of the Subscription Rights by the Equity Rights Offering Participants pursuant to the terms of the Backstop Commitment Agreement, the Equity Rights Offering Procedures, the Plan, and the other Equity Rights Offering Documents, the Reorganized Debtors shall be authorized to issue the Equity Rights Offering Shares in accordance with the Plan, the Backstop Commitment Agreement, the Equity Rights Offering Procedures, and the other Equity Rights Offering Documents.
Pursuant to the Backstop Commitment Agreement, the Equity Rights Offering Procedures, the Plan, and the other Equity Rights Offering Documents, the Equity Rights Offering shall be open to all Equity Rights Offering Participants.
Such Equity Rights Offering Participants shall receive rights to subscribe for their pro rata portion of the Rights Offering Securities, as described in these Equity Rights Offering Procedures and the Plan.
If an Equity Rights Offering Participant that elects to exercise its Subscription Rights fails to submit payment of its Subscription Purchase Price in accordance with the Equity Rights Offering Procedures (and those set forth in the Rights Exercise Form), then such Equity Rights Offering Participants shall be deemed to have irrevocably relinquished and waived its Subscription Rights.
Equity Rights Offering Participants that are not Backstop Parties have the right, but not the obligation, to participate in the Equity Rights Offering.
Such modifications may adversely affect the rights of Equity Rights Offering Participants.
Equity Rights Offering Participants who timely and validly elect to participate in the Equity Rights Offering by electing to exercise their rights to participate in the Equity Rights Offering for their corresponding share of the Rights Offering Shares shall purchase such shares at the price per share set forth in the Rights Offering Materials (the “Purchase Price”).
Equity Rights Offering Participants that are Backstop Parties must exercise their Subscription Rights pursuant to the Backstop Commitment Agreement.