Allocation of Offer Shares Sample Clauses

Allocation of Offer Shares. Notification of allotment and payment instruction (the “Notification”) will be sent to the Applicant by the Company on or about 21.02.2023, subject to any shortenings or extensions of the Application Period. Allocation criteria: • Applicants are granted the same number of shares as subscribed, until all shares available are subscribed. • If oversubscribed, o all applicants will be granted the minimum order subscription. o further allocations are distributed pro rata. • Any other allocation issues will be handled by a committee consisting of the following Greenstat members: CEO, CFO and Chairman of the board. The Company may, at their sole discretion, set a maximum allocation to any Applicant as well as reject or reduce any application in whole or in part. The final allocation of Offer Shares will be resolved by the Board. Allotment of Offer Shares for a lower amount than applied for does not affect the Applicant’s obligation to subscribe and pay for the Offer Shares allotted.

Allocation of Offer Shares. Notification of allotment and payment instruction (the “Notification”) are expected be sent to the Applicant by the Company on or about 16 March 2021, subject to any shortening or extensions of the Application Period. The Company will in its sole discretion allocate the Offer Shares to the Applicants and may take into account such allocation principles it deems appropriate in this respect. The Company may, at their sole discretion, set a maximum allocation to any Applicant as well as reject or reduce any application in whole or in part. The final allocation of Offer Shares will be resolved by the Company’s board of directors. Allotment of Offer Shares totalling a lower amount than applied for does not affect the Applicant’s obligation to subscribe and pay for the Offer Shares allotted.

Allocation of Offer Shares. (i) Each Shareholder that applies for Offer Shares in accordance with the provisions of clause 13.3(a) and the terms of the Offer Notice (a Subscribing Shareholder) shall be issued the number of Offer Shares calculated under this clause 13.3(b). (ii) If the total number of Offer Shares applied for by the Subscribing Shareholder(s) is equal to the total number of Offer Shares, the Company shall issue to each Subscribing Shareholder the number of Offer Shares that it applied for. (iii) If the total number of Offer Shares applied for by the Subscribing Shareholder(s) is more than the total number of Offer Shares, the Company shall issue all of the Offer Shares to the Subscribing Shareholder(s), so far as practicable, in proportion to the number of Shares then held by them but so that no Subscribing Shareholder shall be issued more Offer Shares than it applied for. (iv) A Shareholder that does not apply in writing for any Offer Shares within the Offer Period is not entitled to subscribe for any Offer Shares.

Allocation of Offer Shares. Notification of allotment and payment instruction (the “Notification”) will be sent to the Applicant by the Manager on or about [●], subject to any shortening or extensions of the Application Period. The allocation will be made at the discretion of the Company’s board of directors in consultation with the Manager. The board of directors will focus on criteria such as (but not limited to) current ownership in the Company, timeliness of the application, price leadership, relative order size, sector knowledge, perceived investor quality and investment horizon and other criteria as per the allocation principles as set out in the Term Sheet, [however so that the Cornerstone Investors will receive full allocation]. The Company may, at its sole discretion, set a maximum allocation to any Applicant as well as reject or reduce any application in whole or in part. Allotment of Offer Shares totalling a lower amount than applied for does not affect the Applicant’s obligation to subscribe and pay for the Offer Shares allotted.

Allocation of Offer Shares. Notification of allotment and payment instruction (the “Notification”) will be sent to the Applicant by the Manager on or about 25 June 2018, subject to any shortening or extensions of the Application Period. The Company and the Manager will in their sole discretion allocate the Offer Shares to the Applicants and may take into account such allocation principles as set out in the Term Sheet. The Company and the Manager may, at their sole discretion, set a maximum allocation to any Applicant as well as reject or reduce any application in whole or in part. The final number of Offer Shares to be issued to an Applicant will be determined by the Company’s board of directors. Allotment of Offer Shares totalling a lower amount than applied for does not affect the Applicant’s obligation to subscribe and pay for the Offer Shares allotted.

Allocation of Offer Shares. Notification of conditional allotment and payment instruction (the “Notification”) will be sent to the Applicant by the Manager on or about 30 November 2020, subject to any shortening or extensions of the Application Period. The board of directors of the Company will in its sole discretion, allocate the Offer Shares to the Applicants. Allocation will be based on criteria such as (but not limited to), timeliness of the application, price leadership, relative order size, sector knowledge, investment history, perceived investor quality and investment horizon. The Company may, at its sole discretion, set a maximum allocation to any Applicant as well as reject or reduce any application in whole or in part. Allotment of Offer Shares totalling a lower amount than applied for does not affect the Applicant’s obligation to subscribe and pay for the Offer Shares allotted.

Allocation of Offer Shares. Notification of allotment and payment instruction (the "Notification") will be sent to the Applicant by the Managers on or about 17 October 2017, subject to any shortening or extensions of the Application Period. The Company, in consultation with the Managers will in its sole discretion allocate the Offer Shares to the Applicants and may take into account such allocation principles as set out in the Term Sheet. The Company and the Managers may, at their sole discretion, set a maximum allocation to any Applicant as well as reject or reduce any application in whole or in part. Allotment of Offer Shares totaling a lower amount than applied for does not affect the Applicant's obligation to acquire and pay for the Offer Shares allotted.

Allocation of Offer Shares. (a) Following the close of the Bookbuild on the Bookbuild Closing Date, the Joint Lead Managers and the Shareholder must, in consultation with the Company, determine the allocation of the Offer Shares to participants within the Priority Offer, Institutional Offer and Broker Firm Offer but noting that the Joint Lead Managers have the right to allocate a lower number of Offer Shares than bid for by any Broker under the Broker Firm Offer or Institutional Investor under the Institutional Offer (including no Offer Shares at all), if, with respect to an Institutional Investor or Broker, the Joint Lead Managers are not prepared (acting reasonably) to accept the credit risk of that bidding Institutional Investor or Broker for the amount bid for. (b) The Joint Lead Managers must use their reasonable endeavours to assist the Company to ensure that the spread of shareholders following Completion will satisfy the Listing Rule requirements for ASX listing. (c) The parties confirm that the Brokers who participated in the Broker Firm Offer, subject to any contractual arrangement with the Joint Lead Managers, have sole and absolute discretion to determine the identity of, and allocations to, their private clients, provided that those clients are Retail Investors.

Allocation of Offer Shares. (i) Each Shareholder that applies for Offer Shares in accordance with the provisions of this Agreement and the terms of the Offer Notice (a “Subscribing Shareholder”) will be issued the number of Offer Shares calculated under this Clause 7.3(b). (ii) If the total number of Offer Shares applied for by all Subscribing Shareholders is less than or equal to the total number of Offer Shares, the Company must issue to each Subscribing Shareholder the number of Offer Shares that it applied for. (iii) If the total number of Offer Shares applied for by all Subscribing Shareholders is more than the total number of Offer Shares, the Company must issue all of the Offer Shares to the Subscribing Shareholders, so far as practicable, to maintain each Shareholder’s Equity Proportion but so that no Subscribing Shareholder will be issued more Offer Shares than it applied for. For the avoidance of doubt, notwithstanding the previous sentence the Company shall be entitled to issue all of the Offer Shares even if as a result of doing so the Shareholders’ Equity Proportion changes. (iv) A Shareholder that does not apply in writing for any Offer Shares within the Offer Period is not entitled to subscribe for any Offer Shares.