Rights Ratio definition

Rights Ratio means the number of Rights which must be held to entitle the holder to subscribe for one Common Share under the Basic Subscription Right, as determined by ITP in accordance with section 2.4;
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Rights Ratio means (A/B)/C, where A = the Offering Amount; B = the Issue Price; and C = the number of Shares outstanding on the date of the Final Prospectus;
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Rights Ratio has the meaning as set out in Section 2.3.
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Examples of Rights Ratio in a sentence

  • The Rights Ratio shall equal any number such that the product of: (i) the Subscription Price; and (ii) the number of Common Shares outstanding on the date hereof divided by such Rights Ratio, is a dollar amount which is not less than sixty million US Dollars (US$60,000,000) and is not greater than ninety million US Dollars (US$90,000,000).

  • If, at the end of such five (5) day period, any Entitled Holder has not exercised its right to purchase any of its Preemptive Rights Ratio of such Preemptive Rights Shares by delivering such notice, such Entitled Holder shall be deemed to have waived all of its rights under this Article V with respect to, and only with respect to, the purchase of such Equity Securities specified in the applicable Issuance Notice.

  • If, at the end of such five (5) day period, any Entitled Holder has not exercised its right to purchase any of its Preemptive Rights Ratio of such Preemptive Rights Shares by delivering such notice, such Entitled Holder shall be deemed to have waived all of its rights under this Article VIV with respect to, and only with respect to, the purchase of such Equity Securities specified in the applicable Issuance Notice.

  • If, at the end of such five (5) day period, any Entitled Holder has not exercised its right to purchase any of its Preemptive Rights Ratio of such Preemptive Rights Shares by delivering such notice, such Entitled Holder shall be deemed to have waived all of its rights under this Article VI with respect to, and only with respect to, the purchase of such Equity Securities specified in the applicable Issuance Notice.


More Definitions of Rights Ratio

Rights Ratio means (A/B)/C, where A= the aggregate Subscription Price for all Rights; B = Subscription Price; and C = the number of Common Shares outstanding on the Record Date.
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