Common use of Standby Purchase Commitment Clause in Contracts

Standby Purchase Commitment. If and to the extent Unsubscribed Shares are not purchased by the Company’s stockholders pursuant to the exercise of Rights (including both the Basic Subscription Privilege and the Over-Subscription Privilege) in connection with the Rights Offering, the Standby Purchaser hereby agrees to purchase from the Company at the Subscription Price all such Unsubscribed Shares, up to the full amount of shares of Common Stock offered by the Company in the Rights Offering (the “Commitment Amount”).

Appears in 2 contracts

Sources: Stock Purchase Agreement (Famous Daves of America Inc), Standby Purchase Agreement (Famous Daves of America Inc)

Standby Purchase Commitment. If and to the extent Unsubscribed Shares are not purchased by the Company’s stockholders pursuant to the exercise of Rights (including both the their Basic Subscription Privilege and the Over-Subscription Privilege) in connection with the Rights Equity Offering, the Standby Purchaser hereby irrevocably agrees to purchase from the Company at the Subscription Purchase Price all such the Unsubscribed Shares, up to the full amount of shares of Common Stock offered by the Company in the Rights Equity Offering (the “Unsubscribed Commitment Amount”).

Appears in 2 contracts

Sources: Standby Purchase Agreement (AmBase Corp), Standby Purchase Agreement (Barc Investments LLC)

Standby Purchase Commitment. If and to the extent Unsubscribed Shares are not purchased by the Company’s stockholders in the Rights Offering pursuant to the exercise of Rights (including both under the Basic Subscription Privilege and or pursuant to the Over-Subscription Privilege) in connection with the Rights Offering, then the Standby Purchaser hereby agrees to purchase from the Company (the “Commitment”), and the Company hereby agrees to sell to the Standby Purchaser, at the Subscription Price all such Unsubscribed SharesPrice, up to the full amount that number of shares of Common Stock offered by set forth on the Company in the Rights Offering signature page hereto (the “Commitment AmountShares”).

Appears in 1 contract

Sources: Standby Purchase Agreement (First United Corp/Md/)

Standby Purchase Commitment. If and to the extent any Unsubscribed Shares are not purchased by holders of the Company’s stockholders pursuant to the exercise of Subscription Rights (including both the Basic Subscription Privilege and the Over-Subscription Privilege) in connection with the Rights Offering, the Standby Purchaser hereby agrees and commits to purchase from the Company and pay for, and the Company agrees to issue, deliver and sell to the Standby Purchaser at the Subscription Price all such Price, the Unsubscribed Shares, up to the full amount of shares of Common Stock offered by the Company in the Rights Offering (the “Commitment Amount”).

Appears in 1 contract

Sources: Support and Standby Purchase Agreement (RumbleOn, Inc.)

Standby Purchase Commitment. If and to the extent Unsubscribed Shares are not purchased by holders of the Company’s stockholders Eligible Securities pursuant to the exercise of Subscription Rights (including both the Basic Subscription Privilege and the Over-Subscription Privilege) in connection with the Rights Offering, the Standby Purchaser hereby agrees to purchase from the Company and pay for and the Company agrees to issue, deliver and sell to the Standby Purchaser at the Subscription Price all such Unsubscribed Shares, up to the full amount of shares of Class A Common Stock offered by the Company in the Rights Offering (the “Commitment Amount”).

Appears in 1 contract

Sources: Standby Purchase Agreement (DISH Network CORP)

Standby Purchase Commitment. If and to the extent Unsubscribed Shares that are not purchased by offered to the Company’s stockholders pursuant to the exercise holders of Rights (including both the Basic Subscription Privilege Common Stock and the Over-Subscription Privilege) Eligible Warrants are not subscribed for in connection with the Rights Offering, the Standby Purchaser hereby agrees to purchase from the Company at Company, or to cause its controlled Affiliates to purchase from the Subscription Price Company, all such Unsubscribed Shares, up to Shares at the full amount of shares of Common Stock offered by the Company in the Rights Offering Standby Price (the “Commitment Amount”).

Appears in 1 contract

Sources: Standby Purchase Agreement (Interpace Biosciences, Inc.)