Rights Offering Amount definition
Examples of Rights Offering Amount in a sentence
The Additional Investors’ aggregate backstop commitment shall be 36.4% of the Remaining Rights Offering Amount (allocated pro rata based on their holdings common stock of ▇▇▇▇▇▇▇ as of January 1, 2021).
The Plan Sponsors’ aggregate backstop commitment shall be 63.6% of the Remaining Rights Offering Amount (allocated equally between the Plan Sponsors).
The Equity Rights Offering Expiration Time shall have occurred, and the Debtors shall have received the Aggregate Rights Offering Amount (or the Adjusted Aggregated Rights Offering Amount, if applicable) in full in Cash pursuant to the Equity Rights Offering or this Agreement.
Under no circumstances shall a reduction in the Aggregate Rights Offering Amount result in a reduction of the Backstop Commitment Premium.
Each Eligible Holder will be entitled to subscribe and purchase (the “Subscription Rights”) in the Rights Offering for its pro rata share of the Rights Offering Amount at the Participating Preferred Stock Purchase Price, subject to a 50% holdback available only to the Commitment Parties (the “Holdback”).