Rights Price definition

Rights Price means the price at which the further Relevant Securities or other Securities are being offered pursuant to the terms of the Rights Issue.
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Rights Price means $0.56. The number of Rights offered in the Rights Offering shall be determined by dividing the Offering Size of the Rights Offering by the Rights Price. The “Offering Size” of the Rights Offering will be an amount equal to the Aggregate Size multiplied by a fraction, the numerator of which is the total number of shares of Common Stock outstanding as of the record date and the denominator of which is the total number of shares of Common Stock outstanding as of the record date plus the total number of Common Membership Interests held by the Eligible LLC Members (as defined below) as of the record date. The “Aggregate Size” of the Rights Offering and the Concurrent Private Placement will be an aggregate amount sufficient to (i) repay all amounts owed at the time of consummation of the Rights Offering, including accrued and unpaid interest, under the Bridge Loan and the Mezzanine Loan Agreement, (ii) make the Cargill Payment (as defined below) and (iii) pay certain fees and expenses incurred in connection with the Rights Offering and the Concurrent Private Placement. The “Private Placement Size” of the Concurrent Private Placement will be an amount equal to the Aggregate Size minus the Offering Size. Immediately following the consummation of the Rights Offering, BFE Corp. will contribute all proceeds of the Rights Offering to the LLC, and the LLC will issue to BFE Corp. a number of Preferred Membership Interests equal to the number of Depositary Shares that BFE Corp. issued in the Rights Offering.
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Rights Price means the lesser of (A) a dollar amount equal to 25% of the average per share closing price of the Common Stock for the five (5) trading days immediately following the initial filing of the Registration Statement and (B) $0.75.
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Examples of Rights Price in a sentence

  • Subject to the terms and conditions of this Agreement, Bank shall purchase from Company, and Company shall sell and assign to Bank, the Payment Rights for the Payment Rights Price.

  • Equity Rights Price The Equity Rights shall be at the same price per share as the Put Option.

  • In the event of a LLC Backstop Reallocation, the LLC will issue such Class B Preferred Membership interests to the applicable Backstop Parties (in equal number to the number of available Depositary Shares not purchased because of such LLC Backstop Reallocation) in exchange for payment of the Rights Price for each Class B Preferred Membership Interest purchased.

  • The “Rights Price” for the Concurrent Private Placement shall be the same as the Rights Price for the Rights Offering.

  • Each LLC Purchase Privilege shall entitle the applicable Eligible LLC Member to acquire, at a price equal to the Rights Price, one Preferred Membership Interest.

  • The number of LLC Purchase Privileges granted in the Concurrent Private Placement shall be determined by dividing the Private Placement Size of the Concurrent Private Placement by the Rights Price.

  • The Rights Price (Requirements) is the amount in the sum of (●) ((●)) [Rubles] [Dollars USA] [Euro].

  • The number of shares of Common Stock to be issued upon the exercise of all Rights distributed in the Rights Offering shall equal $6,550,000 divided by the Rights Price (subject to adjustment for rounding, as set forth in the Registration Statement).

  • Subsidiary agrees to pay all amounts payable under the Contract, when and as due thereunder, with respect to the U.K. Landing Assets and Rights (the "U.K. Landing Assets and Rights Price").

  • Liquidation Preference: In the event of the voluntary or involuntary liquidation, dissolution or winding up of the LLC, the holder of each Preferred Membership Interest will be entitled to receive and to be paid out of the assets available for distribution to the members of the LLC, before any payment or distribution is made to holders of the Common Membership Interests, a liquidation preference per Preferred Membership Interest in an amount equal to the Rights Price.