Excess Rights Units definition

Excess Rights Units means the Rights Units represented by the provisional allotments (A) of (i) Eligible Unitholders who decline, do not accept, and elect not to renounce or sell their Rights Entitlements under the Rights Issue (during the “nil-paid” rights trading period prescribed by the SGX-ST) and/or (ii) Ineligible Unitholders (as defined herein) which have not been sold during the Rights Entitlements trading period or (B) that have not been validly taken up by the original allottees, renouncees of the Rights Entitlements or the purchasers of Rights Entitlements.
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Excess Rights Units means the Rights Units represented by the provisional allotments (A) of (i) Eligible Unitholders who decline, do not accept, and elect not to renounce or sell their Rights Entitlements under the Rights Issue (during the Rights Entitlements trading period prescribed by the SGX-ST) and/or (ii) Ineligible Unitholders which have not been sold during the Rights Entitlements trading period or (B) that have not been validly taken up by the original allottees, renouncees of the Rights Entitlements or the purchasers of Rights Entitlements.general offer under Rule 14 of the Singapore Code on Take-overs and Mergers as a result of the issue of the Rights Units to CDPL, and the fulfilment of the said conditions;(d) subject to the “whitewash waiver” in paragraph (c) above being granted, the passing of the necessary resolution by the Independent Unitholders at a general meeting of First REIT to waive their rights to receive a mandatory general offer for First REIT from CDPL, as a result of the issue of the Rights Units to CDPL (“Whitewash Resolution”); and(e) the lodgement of the Offer Information Statement10 with the MAS, together with all other accompanying documents (if applicable), in connection with the Rights Issue.2.4 Approval in-PrincipleThe SGX-ST had on 24 December 2020 given its approval in-principle for the listing and quotation of the Rights Units on the Main Board of the SGX-ST. The SGX-ST’s approval in- principle is not to be taken as an indication of the merits of LPKR MLA Restructuring, the Rights Issue, the Rights Units, First REIT and/or its subsidiaries. (See the Rights Issue Announcement for further details.)2.5 Eligibility to Participate in the Rights Issue2.5.1 Eligible UnitholdersEligible Unitholders are Unitholders with Units standing to the credit of their securities account with CDP (but do not include securities sub-accounts) and whose registered addresses with CDP are in Singapore as at the Rights Issue Record Date or who have, at least three Market Days11 prior to the Rights Issue Record Date, provided CDP with addresses in Singapore for the service of notices and documents, but exclude, subject to certain exceptions, Unitholders located, resident or with a registered address in any jurisdiction in which the offering of Rights Units and Rights Entitlements may not be lawfully made (“Eligible Unitholders”). Only Eligible Unitholders are eligible to participate in the Rights Issue.Eligible Unitholders are at liberty to accept in part or in ful...
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Examples of Excess Rights Units in a sentence

  • Eligible Unitholders are at liberty to accept in part or in full, decline or otherwise renounce or trade (during the Rights Entitlements trading period prescribed by the SGX-ST) their Rights Entitlements and are eligible to apply for Excess Rights Units.

  • Such Unitholders who wish to accept their Rights Entitlements and (if applicable) apply for Excess Rights Units using SRS monies, must instruct the relevant approved banks in which they hold their SRS Accounts to accept their Rights Entitlements and (if applicable) apply for Excess Rights Units on their behalf in accordance with this Offer Information Statement.

  • Unitholders who had purchased Units using their SRS Accounts and who wish to accept their Rights Entitlements and (if applicable) apply for Excess Rights Units can only do so, subject to applicable SRS rules and regulations, using monies standing to the credit of their respective SRS Accounts.

  • Such Unitholders who have insufficient funds in their SRS Accounts may, subject to the SRS contribution cap, deposit cash into their SRS Accounts with their approved banks before instructing their respective approved banks to accept their Rights Entitlements and (if applicable) apply for Excess Rights Units.

  • Two members i and j should belong to the same knot if i has high enough direct trust in j denotedTM(i, j), or if i has high enough transitive trust in j (e.g., if i trusts k andk trusts j we conclude that i trusts j), and vice versa.

  • Such Unitholders who wish to accept their Rights Entitlements and (if applicable) apply for Excess Rights Units using CPF Funds must have sufficient funds in their CPF Investment Accounts and must instruct their respective approved banks, where such Unitholders hold their CPF Investment Accounts, to accept their Rights Entitlements and (if applicable) apply for Excess Rights Units on their behalf in accordance with this Offer Information Statement.

  • Subject to the requirements of or otherwise waived by the SGX-ST, in the allotment of Excess Rights Units, preference will be given to the rounding of odd lots (if any) followed by allotment to the Unitholders who are neither Directors nor Substantial Unitholders (as defined herein).

  • The Manager reserves the right to refuse any application for Excess Rights Units, in whole or in part, without assigning any reason whatsoever therefor.

  • In addition, Eligible Unitholders are entitled to apply for Excess Rights Units.

  • In addition, Unitholders are entitled to apply for Excess Rights Units.

Related to Excess Rights Units

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Stock Purchase Rights means any warrants, options or other rights to subscribe for, purchase or otherwise acquire any shares of Common Stock or any Convertible Securities.

  • Excess Shares shall have the meaning set forth in Section 3.1(a).

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Incentive Shares means Shares awarded pursuant to the provisions of Article 12.

  • Over-Allotment Units means the additional number of Private Units the Sponsor will be required to purchase in the event that the underwriters in the Company’s initial public offering exercise their over-allotment option, as described in the prospectus relating to the Company’s initial public offering.

  • Class B Units means the Class B Units of the Company.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Excess Stock means Excess Stock as defined in Section 7.4 of the Company's Amended and Restated Articles of Incorporation.

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

  • Optioned Stock means the Common Stock subject to an Option.

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Awarded Stock means the Common Stock subject to an Award.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).