Unsubscribed Shares definition

Unsubscribed Shares means the Rights Offering Shares that have not been duly purchased by the Rights Offering Participants in accordance with the Rights Offering Procedures and the Plan.

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Unsubscribed Shares has the meaning set forth in the recitals hereto.

Unsubscribed Shares shall have the meaning set forth in Section 2(b) hereof.

Examples of Unsubscribed Shares in a sentence

• Promptly following the expiration of the Rights Offering, the Company will determine the amount of Unsubscribed Shares.

• For the avoidance of doubt, to the extent payable in accordance with the terms of this Agreement, the Commitment Premium will be payable regardless of the amount of Unsubscribed Shares (if any) actually purchased.

• Such Commitment Party has such knowledge and experience in financial and business matters such that it is capable of evaluating the merits and risks of its investment in the Unsubscribed Shares.

• Delivery and payment for the Excess Unsubscribed Shares shall be made at the Closing.

• No Option Shares shall be delivered unless the Excess Unsubscribed Shares (if any are purchased by the Underwriters) shall be simultaneously delivered or shall theretofore have been delivered as herein provided.

More Definitions of Unsubscribed Shares

Unsubscribed Shares means as defined in Section ‎5.7(c).

Unsubscribed Shares means the number of Shares not purchased in connection with the Subscription Offering.

Unsubscribed Shares means the Shares, other than (i) the Shares issuable pursuant to the Rights that were properly exercised by the Rights Holders during the Rights Exercise Period pursuant to the Basic Subscription Right and the Oversubscription Right (but excluding any Available Direct Subscription Shares) and (ii) Cash Recovery Subscription Equity.

Unsubscribed Shares means an aggregate number of shares of New Common Stock equal to 72,900,000 minus the number of shares of New Common Stock offered pursuant to the Rights Offering and purchased on or before the expiration time of the Rights Offering.

Unsubscribed Shares means shares of Rights Offering Equity that are not timely, duly, and validly subscribed and paid for by the holders of Allowed Notes Claims in accordance with the applicable Rights Offering Procedures.

Unsubscribed Shares means the Selling Stockholders Unsubscribed Shares, the Company Unsubscribed Shares and the Undistributed Shares.

Unsubscribed Shares means any Offered Shares that are not purchased by 1145 Eligible Holders or Accredited Investor Eligible Holders in the Rights Offerings.