Examples of Rights Offering Units in a sentence
On the Effective Date or as soon as practicable thereafter, each holder of an Allowed Old Preferred Stock Interest which has elected to become a Rights Offering Participant will receive the number of Rights Offering Units for which it has validly subscribed and paid the full purchase price.
On the Effective Date or as soon as practicable thereafter, the Reorganized Debtor shall make or cause to be made to the holders of Allowed Claims and Allowed Equity Interests the distributions of the New Common Stock, Rights Offering Units and Cash as provided in Section 4 hereof.
Within three (3) Business Days after the expiration of the Subscription Period, the Company shall issue to Investor a notice (the “Guarantee Notice”) setting forth the Aggregate Offered Units, the number of Rights Offering Units validly subscribed for in the Rights Offering and the number of Rights Offering Units to be acquired by Investor pursuant to the Backstop Guarantee.
All subscriptions for the purchase of Rights Offering Units are subject to and conditioned upon the confirmation of the Plan and the occurrence of the Effective Date of the Plan.
The Company shall timely make all filings and reports relating to the offer and sale of the Accredited Investor Rights Offering Units, Unsubscribed Units and 4(a)(2) Backstop Commitment Units issued hereunder required under applicable securities and “Blue Sky” Laws of the states of the United States following the Closing Date.
On the Effective Date or as soon as practicable thereafter, each holder of an Allowed Old Common Stock Interest which has elected to become a Rights Offering Participant will receive the number of Rights Offering Units for which it has validly subscribed and paid the full purchase price.
Subject to the terms and conditions of this Agreement, at the Closing Investor shall purchase from the Company (the “Backstop Guarantee”), and the Company shall issue to Investor, at the Subscription Price, a number of the Rights Offering Units equal to (a) the Aggregate Offered Units minus (b) the number of Rights Offering Units validly subscribed for and purchased by Eligible Securityholders in the Rights Offering in the manner set forth in the Prospectus.
Holders will not be entitled to oversubscribe for Rights Offering Units.
However, a Holder may be bound by such determinations unless the Holder discloses in a timely filed federal income tax return for its taxable year in which it acquires the Rights Offering Units that it intends to use different fair market value allocations.
The Rights Offering Units acquired by Investor pursuant to the Backstop Guarantee are collectively referred to as the “Backstop Acquired Units”.