Rights Entitlements definition

Rights Entitlements means the “nil-paid” provisional allotment of Rights Units to Eligible Unitholders under the Rights Issue.
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Rights Entitlements means the number of Rights Equity Shares that an Eligible Equity Shareholder is entitled to in proportion to the number of Equity Shares held by the Eligible Equity Shareholder on the Record Date;
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Rights Entitlements means the number of Equity Shares, that an Investor is entitled to, in accordance with the SEBI ICDR Regulations read with the SEBI Rights Issue Circular, in this case being [●] Equity Share for every [●] Equity Shares held by an Eligible Shareholder on the Record Date.
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Examples of Rights Entitlements in a sentence

  • Any such subscription of Rights Equity Shares over and above their Rights Entitlement(s), if allotted, may result in an increase in their percentage shareholding in the Company.


More Definitions of Rights Entitlements

Rights Entitlements means the right to apply for the Equity Shares being offered by way of the Issue, by an Investor, in accordance with the SEBI ICDR Regulations read with the SEBI circular bearing reference number SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020, in this case being 2 Equity Shares for every 7 Equity Shares held by an Eligible Equity Shareholder, on the Record Date, excluding any fractional entitlements;
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Rights Entitlements means the “nil-paid” provisional allotment of Rights Units to Eligible Unitholders under the Rights Issue.SGX-ST) their Rights Entitlements and are eligible to apply for Excess Rights Units4.The procedures for acceptance, payment, renunciation and applications for Rights Units and/or Excess Rights Units by Eligible Unitholders will be set out in the Offer Information Statement.Eligible Unitholders who hold odd lots of Units (that is, lots other than board lots of 100 Units) and who wish to trade in odd lots are able to trade odd lots of Units on the SGX-ST’s Unit Share Market5.All dealings in and transactions of the Rights Entitlements through the SGX-ST will be effected under the book-entry (scripless) settlement system.Unitholders who have subscribed for or purchased Units under the SRS 6 or through a finance company and/or Depository Agent7 can only accept their Rights Entitlements and (if applicable) apply for Excess Rights Units by instructing the relevant banks, finance company and/or Depository Agent in which they hold their SRS Accounts8 to do so on their behalf in accordance with the Offer Information Statement. Any application made directly by the abovementioned Unitholders through CDP or through ATMs9 will be rejected.2.7.2 Ineligible UnitholdersNo Rights Entitlements will be provisionally allotted to Unitholders who are not Eligible Unitholders (“Ineligible Unitholders”) and no purported acceptance thereof or application for Excess Rights Units therefor by Ineligible Unitholders will be valid.The offer, sale and delivery of the Rights Units and the Rights Entitlements may be prohibited or restricted in certain jurisdictions under their relevant securities laws. Thus, for practical reasons and in order to avoid any violation of the securities legislation or other relevant laws applicable in countries (other than in Singapore) where Unitholders may have as their addresses registered with CDP, the Rights Issue will not be extended to Ineligible Unitholders.If it is practicable to do so, the Manager may, in its absolute discretion, arrange for Rights Entitlements which would otherwise have been allotted to Ineligible Unitholders to be sold “nil-paid” on the SGX-ST as soon as practicable after dealings in the Rights Entitlements commence. Such sales may, however, only be
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Rights Entitlements means the “nil-paid” provisional allotment of Rights Units to Eligible Unitholders under the Rights Issue. 2.2 Use of Proceedsconcerns over the uncertainty relating to the valuations and cash flows of First REIT’s assets and the potential negative impact of any master lease restructuring. It is a condition of the Refinancing Facility that First REIT undertakes an equity fund raising exercise to repay the difference between S$400 million and S$260 million, being S$140 million. The Manager intends to finance the S$140 million from the Rights Issue.First REIT is therefore carrying out the Rights Issue for the purposes of, among others, repayment of part of the 2018 Secured Loan Facilities to complete the refinancing exercise and avoid an imminent default of the S$195.5 million repayment obligation on 1 March 2021, master lease restructuring costs, as well as for working capital purposes.The Rights Issue will raise gross proceeds of approximately S$158.2 million, with the net proceeds of the Rights Issue, being the gross proceeds of the Rights Issue less the estimated fees and expenses (including professional and other fees and expenses) of approximately S$5.5 million incurred or to be incurred in connection with the Rights Issue, estimated to be approximately S$152.7 million. The Manager intends to use the gross proceeds from the Rights Issue as follows:
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Related to Rights Entitlements

  • Security Entitlement The meaning specified in Section 8-102(a)(17) of the UCC.

  • Entitlements means, with respect to any Offering, the license and use types, limits, volume, or other measurement or conditions of permitted use for such Offering as set forth in the applicable Order or Supplemental Terms, including but not limited to any limits or restrictions on the number and categories of users authorized to use such Offering, permitted geographic areas, available storage space, computing power, or other attributes and metrics.

  • Entitlement Holder means, with respect to any financial asset, a Person identified in the records of the Securities Intermediary as the Person having a Security Entitlement against the Securities Intermediary with respect to such financial asset.

  • Entitlement means the entitlement specified as such in the definition of the relevant Series, subject to any adjustment in accordance with Product Condition 4;

  • Ownership Interests means, with respect to any Person, all of the shares of Capital Stock of such Person and all debt securities of such Person that can be converted or exchanged for Capital Stock of such Person, whether voting or nonvoting, and whether or not such Capital Stock or debt securities are outstanding on any date of determination.

  • Investment Property the collective reference to (i) all “investment property” as such term is defined in Section 9-102(a)(49) of the New York UCC (other than any Foreign Subsidiary Voting Stock excluded from the definition of “Pledged Stock”) and (ii) whether or not constituting “investment property” as so defined, all Pledged Notes and all Pledged Stock.

  • Supporting Obligations means supporting obligations (as such term is defined in the Code), and includes letters of credit and guaranties issued in support of Accounts, Chattel Paper, documents, General Intangibles, instruments or Investment Property.

  • Direct Rights means the rights referred to in Clause 2.1 (Direct Rights - Creation);

  • Entitlement Order shall have the meaning specified in Section 8-102 of the UCC.

  • Physical Collocation shall have the meaning set forth in Section 8.1.1.

  • License, permit, or other entitlement for use means all business, professional, trade and land use licenses and permits and all other entitlements for use, including all entitlements for land use, all contracts (other than competitively bid, labor, or personal employment contracts), and all franchises.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Contract Rights means all rights of any Assignor under each Contract, including, without limitation, (i) any and all rights to receive and demand payments under any or all Contracts, (ii) any and all rights to receive and compel performance under any or all Contracts and (iii) any and all other rights, interests and claims now existing or in the future arising in connection with any or all Contracts.

  • Payment intangible means a general intangible under which the account debtor's principal obligation is a monetary obligation.

  • Securities Intermediary The meaning specified in Section 8-102(a)(14) of the UCC.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • General Intangibles is all “general intangibles” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation, all Intellectual Property, claims, income and other tax refunds, security and other deposits, payment intangibles, contract rights, options to purchase or sell real or personal property, rights in all litigation presently or hereafter pending (whether in contract, tort or otherwise), insurance policies (including without limitation key man, property damage, and business interruption insurance), payments of insurance and rights to payment of any kind.