Common use of Exercise of Subscription Rights Clause in Contracts

Exercise of Subscription Rights. Each Eligible Holder that elects to participate in the Rights Offering (in such capacity, a “Participating Holder”) must affirmatively make a binding, irrevocable election to exercise its Subscription Rights before the Rights Offering Deadline. Each Eligible Holder (other than the Investor) is entitled to participate in the Rights Offering solely to the extent of its Rights Participation Claim Amount. Each Participating Holder may exercise all or any portion of such holder’s Subscription Rights pursuant to the procedures outlined below.

Exercise of Subscription Rights. Each Eligible Holder that elects to participate in the Rights Offering (in such capacity, a “Participating Eligible Holder”) must affirmatively make a binding, irrevocable election to exercise its Subscription Rights before the Rights Offering DeadlineExpiration Date. Each Eligible Holder (other than the InvestorBackstop Parties) is entitled to participate in the Rights Offering solely to the extent of its Rights Participation Claim Amount. Each Participating Eligible Holder may exercise all or any portion of such holder’s Subscription Rights pursuant to the procedures outlined below.