Determination of Offer Price Sample Clauses
Determination of Offer Price. The Company and the Overall Coordinators (for themselves and on behalf of the other Underwriters) shall meet or otherwise communicate as soon as reasonably practicable, after the book-building process in respect of the International Placing has been completed, with a view to agreeing the price at which the Offer Shares will be offered pursuant to the Global Offering. If the Company and the Overall Coordinators (for themselves and on behalf of the other Underwriters) reach agreement on the Offer Price on or about the Price Determination Date, then such agreed price shall represent the Offer Price for the purposes of the Global Offering and for this Agreement and the parties shall record the agreed price by executing the Price Determination Agreement. If no such agreement is reached and the Price Determination Agreement is not signed by 12:00 noon on 23 December 2024 and no extension is granted by the Joint Sponsors and the Overall Coordinators pursuant to Clause 2.3, the provisions of Clause 2.4 shall apply. Each of the Hong Kong Underwriters (other than the Overall Coordinators) hereby authorises the Overall Coordinators to negotiate and agree on its behalf the Offer Price and to execute and deliver the Price Determination Agreement on its behalf with such variations, if any, as in the sole and absolute judgement of the Overall Coordinators may be necessary or desirable and further agree that it will be bound by all the terms of the Price Determination Agreement as executed.
Determination of Offer Price. The Company and the Sole Global Coordinator (acting in such capacity and as the Hong Kong Underwriter) shall meet or otherwise communicate as soon as reasonably practicable, after the book-building process in respect of the International Offering has been completed, with a view to agreeing the price at which the Offer Shares will be offered pursuant to the Global Offering. If the Company and the Sole Global Coordinator reach agreement on the price on the Price Determination Date, then such agreed price shall represent the Offer Price for the purposes of the Global Offering and for this Agreement and the parties shall record the agreed price by executing the Price Determination Agreement. If no such agreement is reached and the Price Determination Agreement is not signed by 5:00 p.m. on 25 November 2021 and no extension is granted by the Sole Global Coordinator pursuant to Clause 2.3, the provisions of Clause 2.4 shall apply.
Determination of Offer Price. 24.1 During the Initial Offer Period, the units will be offered at the Par Value. After the Initial Period the Offer Price shall be determined from time to time pursuant to Clause 24.2 hereafter and the Regulations, calculated and announced by the Management Company on each Business Day.
24.2 The Offer Price shall be equal to the sum of:
(a) The Net Asset Value as of the close of the Business Day;
(b) Front-end Load, if any, at the discretion of the Management Company but not exceeding five percent of the Net Asset Value on certain classes of units; and
(c) Such amount as the Management Company may consider an appropriate provision for government duties, fees and charges in accordance with the Regulations. Such sum may be calculated upto two decimal places. Unit purchase requests, complete in all respects, shall be priced at the Offer Price so determined at the close of the Subscription Day when funds from the purchase payments are realized.
24.3 In the event that the amount paid as provision for payment of Duties and Charges pursuant to Sub-clause 24.2(c) is insufficient to pay in full such Duties and Charges, the Management Company shall be liable for the payment in full of the amount of such Duties and Charges in excess of such provisions (except where such excess arises from any Duties and Charges levied with retrospective effect after the date of payment in which case such excess shall be recovered from the Fund Property).
24.4 In the event the amount paid as provision for payment of Duties and Charges pursuant to Clause 24.2(c) exceeds the relevant amounts of Duties and Charges, the Management Company shall instruct the Transfer Agent to issue additional Units or fractions thereof to the Unit Holder based on the price applicable to the Units issued against the relevant application, or refund such excess amount to the relevant Holders immediately.
24.5 The Offer Price determined by the Management Company shall be announced and made available to the public at its website by 6.30 p.m. or such other time as may be allowed by SECP, the office and branches of the Distribution Company(s) on all Subscription Days and at the discretion of the Management Company may also be published in at least two daily newspapers, one in English and one in Urdu widely circulated in Pakistan.
Determination of Offer Price. The Company and the Sole Global Coordinator (acting in such capacity and on behalf of the Hong Kong Underwriters) shall meet or otherwise communicate as soon as reasonably practicable, after the book-building process in respect of the International Offering has been completed, with a view to agreeing the price at which the Offer Shares will be offered pursuant to the Global Offering. If the Company and the Sole Global Coordinator (acting in such capacity and on behalf of the Hong Kong Underwriters) reach agreement on the price on the Price Determination Date, then such agreed price shall represent the Offer Price for the purposes of the Global Offering and for this Agreement and the parties shall record the agreed price by executing the Price Determination Agreement. If no such agreement is reached and the Price Determination Agreement is not signed by 11:59 p.m. on 30 June 2022 and no extension is granted by the Sole Global Coordinator pursuant to Clause 2.3, the provisions of Clause 2.4 shall apply.
Determination of Offer Price. The Company and the Overall Coordinators (for themselves and on behalf of the Underwriters) shall meet or otherwise communicate as soon as reasonably practicable, after the book-building process in respect of the International Offering has been completed, with a view to agreeing the price at which the Offer Shares will be offered pursuant to the Global Offering, which, subject to Clause 4.13, shall not exceed HK$20.60 per Offer Share, and shall not be lower than HK$18.20 per Offer Share. If the Company and the Overall Coordinators reach agreement on the said price, then such agreed price shall represent the Offer Price for the purposes of the Global Offering and for this Agreement and the parties shall record the agreed price by executing the Price Determination Agreement on the Price Determination Date. If no such agreement is reached and the Price Determination Agreement is not signed by 12:00 noon on 14 December 2023 (or such later date the Company and the Overall Coordinators (for themselves and on behalf of the Underwriters) shall agree), the provisions of Clause 2.4 shall apply.
Determination of Offer Price. A new sub-clause 16(viii) may be added after clause 16(vii) as follows: The Management Company shall announce the NAV of the Fund on all business days on its web- site i.e. xxx.xxxxxxxxxx.xxx.xx and also send such information to Mutual Funds Association of Pakistan (MUFAP) for hosting on MUFAP web-site. The timing of such announcement shall be mentioned in the Offering Document.
Determination of Offer Price. 5.2.1 After the Initial Period, the Offer Price shall be calculated and announced by the Management Company on daily basis.
5.2.2 The Offer Price shall be equal to the sum of:
a. The Net Asset Value as of the close of the Business Day
b. Such amount as the Management Company may consider to be an appropriate provision for Duties and Charges and
c. Any Front end Load, such sum to be adjusted upwards to the nearest paisas.
5.2.3 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-clause
Determination of Offer Price. In establishing the Offer price, the Purchaser reviewed certain publicly available information including among other things: (i) the Partnership’s limited partnership agreement, (ii) the Partnership’s Annual Reports on Form 10-K, (iii) the Partnership’s Quarterly Reports on Form 10-Q, and (iv) other reports filed by the Partnership with the Commission. The Purchaser determined the Offer price pursuant to its independent evaluation of the Partnership and its properties. The Purchaser did not obtain current independent valuations or appraisals of the assets. The Purchaser determined that it was willing to offer $13,250 per Unit after reviewing the General Partner’s Consent Solicitation because the Purchaser believes the facts described in the General Partner’s Consent Solicitation, principally the range of potential distributions ($9,200 to $11,300 per Unit (or $7,875 to $9,975 per Unit, taking into account the August 2003 distribution of approximately $1,325 per Unit)) and the Minimum Price ($9,000 (equivalent to $7,875 per Unit, taking into account the August 2003 distribution of approximately $1,325 per Unit)) for which approval was sought, as well as the percentage of Unit holders who voted in favor of the proposal, make it very likely that the Purchaser will be able to purchase at least a controlling interest in the Partnership at the Offer price. The Purchaser has assumed that the calculations of potential distributions provided in the General Partner’s Consent Solicitation were accurate and has relied on them. The Purchaser also set the Offer price to provide a significant premium to the Minimum Price for which approval was sought and to provide a premium to other offers in order to make the Offer more attractive.
Determination of Offer Price. 13 Position of Parent and the Purchaser Regarding Fairness of the Offer... 14
Determination of Offer Price. 15.1 After the Initial Period the Offer Price shall be calculated and announced by the Management Company on a daily or weekly basis, as may be determined by the Management Company from time to time.
15.2 The Offer Price shall be equal to the sum of:
(a) The Net Asset Value as of the close of the 65[ ] Business Day;
(b) Any Front-end Load; and
(c) Such amount as the Management Company may consider an appropriate provision for Duties and Charges; The Offer Price so determined shall apply to purchase requests, complete in all respects, received by the Distributor during the business hours on 66[that date]. The Management Company may announce different plans under different administrative arrangements with differing levels of Front-end Load, which may also vary according to other criteria in the Management Company’s sole discretion and as provided in the Offering Document or the Supplementary Offering Document. Consequently, the Offer Price may differ for Units issued under differing administrative arrangements and for different investors. Such sum shall be adjusted upwards to the nearest two decimal places.
15.3 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-clause 15.2(c) is insufficient to pay in full such Duties and Charges, the Management Company shall be liable for the payment in full of the amount of such Duties and Charges in excess of such provisions (except where such excess arises from any Duties and Charges levied with retroactive effect after the date of payment in which case such excess shall be recovered from the Deposited Property.