Unsubscribed Units definition

Unsubscribed Units means those shares of New Common Units to be issued in connection with the Offering that are not subscribed for pursuant to the Offering prior to the Subscription Expiration Date.

Unsubscribed Units means the Rights Offering Units that have not been duly purchased in the Rights Offering by Noteholders that are not Commitment Parties in accordance with the Rights Offering Procedures and the Plan. “Xxxxxxx Rule” has the meaning set forth in Section 4.32(a). “willful or intentional breach” has the meaning set forth in Section 9.4(a). 18

Unsubscribed Units has the meaning set forth in Section 4.2(e).

Examples of Unsubscribed Units in a sentence

• However, to the extent that the Offering Participants do not exercise the Subscription Rights by the Subscription Expiration Date, the Backstop Purchaser, subject to the terms and conditions of the Backstop Commitment Agreement, shall subscribe for and purchase all Unsubscribed Units as of the Subscription Expiration Date.

• 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 Units (if any) actually purchased.

• The Backstop Purchaser shall pay to the Subscription Agent, by wire transfer in immediately available funds on or prior to the Effective Date, Cash in an amount equal to the aggregate Subscription Purchase Price attributable to such Unsubscribed Units as provided in the Backstop Commitment Agreement.

• The obligations of the Commitment Parties to purchase such Unsubscribed Units as described in this Section 2.2(b) shall be referred to as the “Rights Offering Backstop Commitment”.

• Subject to the terms and conditions in the Backstop Commitment Agreement, the Backstop Purchaser has agreed to subscribe for and purchase on the Effective Date, at the aggregate Subscription Purchase Price therefor, its Backstop Commitment (as set forth on Schedule 1 to the Backstop Commitment Agreement) of all Unsubscribed Units as of the Subscription Expiration Date.

More Definitions of Unsubscribed Units

Unsubscribed Units means the number of Common Units for which the holders of rights shall not have subscribed during the Exercise Period.

Unsubscribed Units means the difference between the number of Standby Units and the number of Units sold pursuant to the exercise of the Rights to buy Units by Equity Holders on or before 21 days after the Effective Date.

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

Unsubscribed Units means those units of New Equity issued in connection with the Rights Offering that are not subscribed for pursuant to the Rights Offering.

Unsubscribed Units has the meaning given to such term in the Recitals.

Unsubscribed Units means the Rights Offering Units that have not been duly purchased in the Rights Offering by Noteholders that are not Commitment Parties in accordance with the Rights Offering Procedures and the Plan, including, for purposes of calculating the number of Unsubscribed Units to be purchased pursuant to the Rights Offering Backstop Commitment, any additional Common Units issued and sold to the Commitment Parties on account of such Unsubscribed Units pursuant to this Agreement to account for the Per Unit Purchase Price at which Unsubscribed Units will be sold. “Xxxxxxx Rule” has the meaning set forth in Section 4.32(a). “willful or intentional breach” has the meaning set forth in Section 9.4(a).

Unsubscribed Units means any Stock Units not taken up;