Oversubscription Shares definition

Oversubscription Shares means, for any Rights Offering Participant, the lesser of (a) the maximum number of shares selected by such Rights Offering Participant in its Oversubscription Offering Subscription and (b) such Rights Offering Participant’s Oversubscription Pro Rata Share of the Remaining Rights Offering Shares, rounded down to the nearest 100 shares.
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Oversubscription Shares means the number of Preemptive Securities (determined on an as exercised or as converted basis) initially offered in accordance with Section 2.2 and 2.3 that Initial Shareholders fail to elect to exercise their right to purchase pursuant thereto (excluding elections by Initial Shareholders to purchase Oversubscription Shares).
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Oversubscription Shares means First Rights Offering Oversubscription Shares in the First Rights Offering or Second Rights Offering Oversubscription Shares in the Second Rights Offering, as applicable.
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Examples of Oversubscription Shares in a sentence

  • On the Subscription Notification Date, the Debtors will notify each Rights Offering Purchaser of its respective allocated portion of Rights Offering Shares (including its Oversubscription Shares, if any), and if the Debtors have selected a Backstop Party, the Debtors will notify the Backstop Party after the Subscription Deadline of its portion of the Remaining Rights Offering Shares that the Backstop Party is obligated to purchase pursuant to the Backstop Rights Purchase Agreement.

  • An Initial Shareholder shall not be entitled to purchase Oversubscription Shares unless such Initial Shareholder has purchased its full amount of its initial pro rata portion of Preemptive Securities.

  • The Debtors believe that the issuance of New Common Equity upon exercise of the Rights, including the Oversubscription Shares (but not including any Unsubscribed Shares), also satisfies the requirements of section 1145(a)(1) of the Bankruptcy Code.

  • On the Subscription Deadline, (a) if the Debtors select a Backstop Party, the Remaining Rights Offering Shares shall be allocated to, and purchased by the Backstop Party, and (b) if the Debtors do not select a Backstop Party, the Oversubscription Shares for each Rights Offering Participant that submitted Oversubscription Offering Subscriptions shall be allocated to, and purchased by such Rights Offering Participant.

  • If reconciliation is required, it is possible that BluGlass may need to issue additional New Shares (Oversubscription Shares) to ensure that the relevant investors receive their appropriate allocation of New Shares.

  • The price at which these Oversubscription Shares would be issued is not known.To the maximum extent permitted by law, BluGlass also reserves the right to reduce the size of an Entitlement or number of New Shares allocated to Eligible Shareholders, or persons claiming to be Eligible Shareholders or other applicable investors, if BluGlass believes in its complete discretion that their claims are overstated or if they or their nominees fail to provide information requested to substantiate their claims.

  • The Company shall issue to each Initial Shareholder that has timely returned a properly completed Notice of Election, along with a certified check (or other means of payment approved by the Company) for the purchase price, the applicable number of Preemptive Securities and any Oversubscription Shares in accordance with the terms set forth in the Post-Issuance Offer Notice.

  • The Company shall issue to each Initial Shareholder that has timely returned a properly completed Notice of Election, along with a certified check (or other means of payment approved by the Company) for the purchase price, the applicable number of Preemptive Securities and Oversubscription Shares in accordance with the terms set forth in the Pre-Issuance Offer Notice.

  • Simultaneously with each Closing of the Offering or on the Termination Date, the Company shall pay the Placement Agent a non-accountable expense allowance equal to three percent (3%) of the gross proceeds of the Shares and any Over-subscription Shares sold.

  • The Shares and any Over-subscription Shares have been duly authorized and, when issued and delivered in accordance with the terms of the Subscription Agreement and this Agreement, respectively, these shares of Stock will be validly issued, fully paid and non-assessable, and no personal liability will attach to the ownership thereof and such stock will not be issued in violation of or subject to any preemptive or other similar rights.


More Definitions of Oversubscription Shares

Oversubscription Shares means the New Shares subscribed for under the Oversubscription Facility.
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Oversubscription Shares means Rights Shares minus the total number of shares of New Delta Common Stock for which Subscription Rights were validly exercised by the Rights Offerees.
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Related to Oversubscription Shares

  • 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.

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

  • Rights Offering Shares means the shares of New Common Stock (including all Unsubscribed Shares purchased by the Commitment Parties pursuant to this Agreement) distributed pursuant to and in accordance with the Rights Offering Procedures.

  • 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.

  • Offering Shares means the shares of Common Stock included in the Units issued pursuant to this Agreement and Investor Warrant Shares.

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

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

  • Subscription Rights means the right to participate in the Rights Offering.

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

  • Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.

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

  • Sale Shares means [Insert total number of shares of the Company] Shares, representing 100 percent of the total issued, subscribed and fully paid-up equity share capital of the Company held by the Shares Seller and Nominees as more particularly described in Annexure A attached hereto;

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Subscriber Shares means the Shares which the subscribers to the Instrument of the ICAV agree to subscribe for as more particularly hereinafter set forth after their names.

  • Purchase Shares has the meaning set forth in Section 2.2(a) hereof.

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

  • Minimum Subsequent Subscription means, in relation to the Euro RDR ‘Retail’ Hedged

  • Put Shares means all shares of Common Stock issued, or that the Company shall be entitled to issue, per any applicable Put Notice in accordance with the terms and conditions of this Agreement.

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

  • 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.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • Available Shares means the sum of (i) one hundred fifty thousand (150,000) shares of Common Stock, and (ii) an annual increase on April 1st of each calendar year, beginning in 2022 and ending in 2031 (each a “Date of Determination”), in each case subject to the approval and determination of the Administrator on or prior to the applicable Date of Determination, equal to the lesser of (A) four percent (4%) of the total shares of Common Stock of the Company outstanding on the last day of the immediately preceding fiscal year and (B) such smaller number of shares as determined by the Administrator (the “Share Limit”). Notwithstanding the foregoing, shares added to the Available Shares by the Share Limit are available for issuance as Incentive Stock Options only to the extent that making such shares available for issuance as Incentive Stock Options would not cause any Incentive Stock Option to cease to qualify as such. In the event that the Administrator shall not take action to affirmatively approve an increase in the Share Limit on or prior to the applicable Date of Determination, the Share Limit and Available Shares, shall remain at such level as they were prior to such applicable Date of Determination. For clarity, the Available Shares is a limitation on the number of shares of Common Stock that may be issued pursuant to the Plan.

  • Offer Shares means the Hong Kong Offer Shares and the International Offer Shares being offered at the Offer Price under the Global Offering together with any additional Shares to be issued pursuant to the exercise of the Over-Allotment Option;

  • 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;

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.