Oversubscription Right definition

Oversubscription Right shall have the meaning set forth in ‎Section 4.1.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Oversubscription Right has the meaning set forth in the recitals hereto.

Oversubscription Right means the right to elect to participate in the Rights Offering to subscribe for the Remaining Initial Rights Offering Stock, which right shall be non-certificated and non-transferable, except for, prior to the Subscription Deadline, as provided in Section 4.5(d).

Examples of Oversubscription Right in a sentence

• If the exercise of a Right or Oversubscription Right or the issuance of the Backstop Purchaser Shares or the Supporting Note Shares would result in the issuance of a fractional share, then the number of shares to be issued in respect thereof will be rounded down to the nearest whole share.

• In addition, the Company's stockholders shall be granted the right to "oversubscribe" for additional shares not purchased by other stockholders, up to the total amount of the Offered Shares (the "Oversubscription Right").

• The Placement Agent’s Closing Fee shall be paid at the initial closing of the Offering (the “Initial Closing”) and at any closing with respect to the Oversubscription Right (the “Oversubscription Closing,” and together with the Initial Closing, the “Closings”) from the gross proceeds of the Securities sold.

• During the Rights Exercise Period, each Eligible Subordinated Claimholder that wishes to purchase Rights Offering Shares pursuant to its Oversubscription Right (as described below) shall indicate the number of such shares on the Subscription Form delivered pursuant to Section 1(a)(ii).

• Each such Right shall be non-transferable and will entitle the holder thereof, at the election of such holder, to purchase New Shares pursuant to the Basic Subscription Right and Oversubscription Right.

• Oversubscription Right The holders of Common Stock shall be permitted to exercise oversubscription rights.

• The Company shall not release any stockholder who has exercised his Basic Subscription Right or Oversubscription Right from his obligation to purchase the shares without the consent of Standby Purchaser.

• In the event more than one of such other Shareholders with Pre-emptive Right exercised their Oversubscription Right, such other Shareholders with Pre-emptive Right shall consult friendly with each other as to the Remaining Addition Equity to determine the amount each such Shareholder with Pre-emptive Right can subscribe.

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

• This Over-subscription Right provides subscribing stockholders who were stockholders on the Record Date and who exercise their Rights in full the ability to purchase a portion of the shares of Common Stock that were not purchased by other stockholders.

More Definitions of Oversubscription Right

Oversubscription Right has the meaning given to such term in Section 13.3 of this Agreement;

Oversubscription Right has the meaning ascribed to it in Section 2.3.

Oversubscription Right means the Right, granted to each Registered Holder of Basic Subscription Rights who exercises such Rights in full, to purchase Shares which are not subscribed for in the Offering by other Registered Holders, as permitted by Section 4(b) hereof.

Oversubscription Right shall have the meaning set forth in Section 4.1. “PAG Asia” shall have the meaning set forth in the preamble hereto.