Examples of Unexercised Rights in a sentence
In accordance with the Subscription and Backstop Purchase Agreement, each Backstop Party shall fully exercise and subscribe for its share of the Rights prior to the Subscription Expiration Date, and shall be entitled, but not obligated, to oversubscribe for Unexercised Rights as more particularly set forth in the Subscription Form.
After taking into account the exercise by any and all Class 6-A Rights Offering Recipients of their respective subscription and oversubscription rights described in the Solicitation Form, to the extent that any Rights have not been duly exercised, then the Backstop Parties shall exercise their share of such Unexercised Rights based on their respective Backstop Commitments, all in accordance with the provisions of the Subscription and Backstop Purchase Agreement.
Unexercised Rights will expire without compensation at the Expiration Time.
On the Subscription Expiration Date applicable to the Class 6-A Rights Offering Recipients, all Unexercised Rights then remaining (after taking into account the exercise by any and all Class 6-A Rights Offering Recipients of their respective oversubscription rights) shall be allocated to, and exercised by, the Backstop Parties in accordance with the terms and conditions of the Subscription and Backstop Purchase Agreement.
Unexercised Rights may be sold through the Retail Offer Bookbuild.
But it is even more important to have the student realize that (at this time at least) the process cannot be made entirely automatic.
If you choose not to take up any of your Rights, any New Shares attributable to your Unexercised Rights will be offered as part of the Shortfall Bookbuild.
Unexercised Rights will be forfeited at the Rights Offering Expiration Date.
Shortfall Bookbuild The Company will offer New Shares of an equivalent number to the New Shares attributable to the Unexercised Rights in the Shortfall Bookbuild.
Offering of Unexercised Rights – The Corporation shall engage the services of an underwriter who shall underwrite the entire issue or shares not taken by the existing shareholders after the second round of offering.