Consummation of Public Offering. The Company shall have consummated the Public Offering as contemplated by the Registration Statement at a price to the public of at least $15.00 per share and shall have received not less than $150,000,000 in net proceeds (after underwriting discounts and commissions) therefrom.
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Samples: Securities Purchase Agreement (Exel LTD), Securities Purchase Agreement (Annuity & Life Re Holdings LTD), Securities Purchase Agreement (Annuity & Life Re Holdings LTD)
Consummation of Public Offering. The Company shall have consummated the Public Offering as contemplated by the Registration Statement at a price to the public of at least $15.00 per share and shall have received not less than $150,000,000 in net proceeds (after underwriting discounts and commissionscommissions which shall not in any event exceed 6%) therefrom.therefrom (the "Public Offering Proceeds"). The Public Offering Proceeds shall exceed Other Sale Proceeds by the ratio of at least 2.5 to 1.0. "
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