Remaining Common Shares definition
Examples of Remaining Common Shares in a sentence
Where there are sufficient Remaining Common Shares to satisfy all additional subscriptions by holders exercising their rights under the Additional Subscription Privilege, each holder shall be allotted the number of Additional Common Shares subscribed for.
Where there are sufficient Remaining Common Shares to satisfy all additional subscriptions by holders exercising their rights under the Additional Subscription Privilege, each holder shall be allotted the number of Remaining Common Shares subscribed for.
To the extent sufficient Common Shares are not available to fulfill all over-subscription requests, Remaining Common Shares will be allocated pro rata among those Record Date Shareholders who over-subscribe based on the number of Rights issued to them by the Fund.
Upon refunding subscribers for Remaining Common Shares subscribed for but not allocated, if any, the Subscription Agent shall promptly remit to the Fund all funds received in payment of the Subscription Price for Common Shares issued in the Rights Offering.
After the Remaining Common Shares have been purchased, then the remaining Preferred Stock commitment will be purchased pursuant hereto.
Upon refunding subscribers for Remaining Common Shares subscribed for but not allocated, if any, the Subscription Agent shall promptly remit to the Company all funds received in payment of the Subscription Price for Common Shares issued in the Rights Offering.
Notwithstanding Section 1D of this Agreement, the Remaining Common Shares will only be purchased after the original 21,375 shares of Preferred Stock under the Pre-Amendment No. 1 Purchase Agreement have been purchased.
Of the Common Stock to be purchased, 47,500,000 (post-stock split) shares were previously purchased pursuant to the Pre-Amendment No. 2 Purchase Agreement at an effective (post-stock split) price of $.05 per share, and the balance of 1,859,250 (post-stock split) shares (the "Remaining Common Shares") will be purchased at a price of $.50 per share.
If the Offer is accepted by at least one of the Offerees on or before the expiry of the Notice Period (in this Section 15.3, the "First Purchaser(s)"), then the Exiting Strategic Partner shall, by notice in writing (in this Section 15.3, the "Second Offer"), offer those Common Shares which have not yet been accepted by the Offeree(s) under the Offer (in this Section 15.3, the "Remaining Common Shares"), to the First Purchaser(s) only, at the same Offer Price.
Notwithstanding anything herein to the contrary, the terms and conditions of the Second Offer shall be amended so that any Offeree may purchase more than its PRO RATA portion of the Remaining Common Shares.