Oversubscription Privilege definition

Oversubscription Privilege shall have the meaning set forth in Section 2.1(b).
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Oversubscription Privilege has the meaning assigned to such term in Section 2.3 hereof.
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Oversubscription Privilege means the right of each stockholder who has exercised his Basic Subscription Rights in full to request to purchase any available shares after stockholders exercise their Basic Subscription Rights and the Standby Purchaser purchases the Committed Shares.
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Examples of Oversubscription Privilege in a sentence

  • The Oversubscription Privilege in respect of DTC Exercised Rights may not be exercised through DTC.

  • The Oversubscription Privilege may only be exercised if the Basic Subscription Privilege is fully exercised.

  • In the event such certification is not delivered in respect of a Subscription Certificate, the Subscription Agent shall for all purposes (including for purposes of any allocation in connection with the Oversubscription Privilege) be entitled to assume that such certificate is exercised on behalf of a single beneficial owner.

  • If a Notice of Guaranteed Delivery relates to Rights with respect to which exercise of the Basic Subscription Privilege will be made through DTC and such Notice of Guaranteed Delivery also relates to the exercise of the Oversubscription Privilege, a DTC Participant Oversubscription Exercise Form must also be received by the Subscription Agent in respect of such exercise of the Oversubscription Privilege on or prior to the Expiration Date.

  • Such escrow agreement shall provide that the Premium shall be subject to a partial release at Purchaser's request, to the extent that the Purchaser's Basic Subscription Privilege has been exercised prior to its Oversubscription Privilege provided the Escrow Agent and the Company shall have been furnished evidence as above required of such execution and delivery of Subscription Forms and payment of the Subscription Price.

  • To subscribe for additional Units pursuant to your Over-subscription Privilege, please also complete line (b).

  • Payment of the Subscription Price for the Basic Subscription Privilege and the Oversubscription Privilege will be held in a segregated account to be maintained by the Subscription Agent until the Shares are issued.

  • If more Shares of Common Stock are subscribed for pursuant to the Oversubscription Privilege than are available for sale, such Shares will be allocated, as described above, among persons exercising the Oversubscription Privilege in proportion to such persons' exercise of Rights pursuant to the Basic Subscription Privilege.

  • The Subscription Agent will promptly mail to each Holder of Subscription Rights any excess funds received (without interest or deduction) in payment of the Subscription Price for shares of Common Stock that are subscribed for but not allocated to such Holder pursuant to the Basic Subscription Privilege and the Oversubscription Privilege as soon as practicable after the Expiration Date, anticipated to be approximately seven to ten business days.

  • As soon as practicable after the Expiration Date and after all prorations and adjustments contemplated by the terms of the Rights Offering have been effected, the Subscription Agent will mail to each Subscription Rights holder who exercises the Oversubscription Privilege any excess funds received (without interest or deduction) in payment of the Subscription Price for shares that are subscribed for but not allocated to such Subscription Rights holder pursuant to the Oversubscription Privilege.


More Definitions of Oversubscription Privilege

Oversubscription Privilege means the oversubscription privilege as defined in the Company's Registration Statement on Form S-1, registration number 333-70494.
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Oversubscription Privilege means the right of Record Date Stockholders who fully exercise their Rights in the Basic Subscription to subscribe for and purchase, subject to certain limitations and subject to allocation, any Series A Preferred Shares not acquired by other holders of Rights through the exercise of such Rights in the Basic Subscription.
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Related to Oversubscription Privilege

  • basic subscription privilege means a privilege to subscribe for the number or amount of securities set out in a rights certificate held by the holder of the rights certificate;

  • additional subscription privilege means a privilege, granted to a holder of a right, to subscribe for a security not subscribed for by any holder under a basic subscription privilege;

  • Undersubscription Notice means written notice from an Investor notifying the Company and the selling Key Holder that such Investor intends to exercise its option to purchase all or any portion of the Transfer Stock not purchased pursuant to the Right of First Refusal or the Secondary Refusal Right.

  • Unsubscribed Shares means the Rights Offering Shares that have not been duly purchased by the Rights Offering Participants in accordance with the Rights Offering Procedures and the Plan.

  • Subscription Rights means the subscription rights to purchase Rights Offering Shares.

  • Rights Offering Shares means, collectively, the shares of New Common Stock issued in the Rights Offering.

  • Subscription Price has the meaning set forth in Section 2.1.

  • Rights Offering Participants means those Persons who duly subscribe for Rights Offering Shares in accordance with the Rights Offering Procedures.

  • Minimum Subscription means the minimum subscription for Shares as specified in the relevant Supplement.

  • Subscription Period means the duration of Customer’s authorized use of the Subscription Services as designated in the Order.

  • Mandatory Purchase Notice means, in connection with the Mandatory Purchase of VRDP Shares, a notice substantially in the form attached to the VRDP Shares Purchase Agreement as Exhibit B, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with the VRDP Shares Purchase Agreement specifying a Mandatory Purchase Date.

  • Offering Shares means the shares of Common Stock issued to the Purchasers pursuant to the Subscription Agreements, and any shares of Common Stock issued or issuable with respect to such shares upon any stock split, dividend or other distribution, recapitalization or similar event with respect to the foregoing.

  • Subscription Limit means any applicable limit on the Issuer’s ability to fund newly issued ETP Securities pursuant to the terms of the LS Operating Procedures Agreement or the LS Margin Account Agreement, as may be amended from time to time.

  • Subscription Amount means, as to each Purchaser, the aggregate amount to be paid for Shares and Warrants purchased hereunder as specified below such Purchaser’s name on the signature page of this Agreement and next to the heading “Subscription Amount,” in United States dollars and in immediately available funds.

  • Subscription Notice has the meaning set forth in Section 1.1.

  • Offered Shares has the meaning set forth in Section 3.02(a).

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

  • VWAP Purchase Notice means an irrevocable written notice from the Company to the Buyer directing the Buyer to buy Purchase Shares on the VWAP Purchase Date pursuant to Section 1(c) hereof as specified by the Company therein at the applicable VWAP Purchase Price with the applicable VWAP Purchase Share Percentage specified therein.

  • Rights Offering has the meaning set forth in Section 4.1(b);

  • Call Notice shall have the meaning specified in Section 1.1 of the Warrant Agent Agreement.

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Remaining Shares has the meaning set forth in Section 4.1.2.

  • Subscription Term means the initial subscription term and if applicable any renewal subscription term of a Cloud Service identified in the Order Form.

  • Rights Holders Special Meeting" means a meeting of the holder of Rights called by the Board of Directors for the purpose of approving a supplement or amendment to this Agreement pursuant to Subsection 5.4(c);

  • Demand Exercise Notice has the meaning set forth in Section 2.1(a).