Initial Public Offerings Sample Clauses
Initial Public Offerings. The Optionee hereby agrees that in the event of any underwritten public offering of stock, including an initial public offering of stock, made by the Company pursuant to an effective registration statement filed under the Securities Act, the Optionee shall not offer, sell, contract to sell, pledge, hypothecate, grant any option to purchase or make any short sale of, or otherwise dispose of any shares of stock of the Company or any rights to acquire stock of the Company for such period of time from and after the effective date of such registration statement as may be established by the underwriter for such public offering; provided, however, that such period of time shall not exceed one hundred eighty (180) days from the effective date of the registration statement to be filed in connection with such public offering. The foregoing limitation shall not apply to shares registered in the initial public offering under the Securities Act. The Optionee shall be subject to this paragraph provided and only if the officers and directors of the Company are also subject to similar arrangements.
Initial Public Offerings. No Access Person shall acquire a beneficial interest in a security in an initial public offering.
Initial Public Offerings. 2.1 Client may request SHKIS to apply on Client’s behalf for securities in a new issue for listing on an Exchange (an “Application”) and the provisions of this Second Schedule shall apply.
2.1.1 Client authorises SHKIS to complete such application form as may be required, and represents and warrants to SHKIS that all representations, warranties, confirmations and undertakings on the part of the applicant contained or incorporated in the application form are true and accurate in respect of Client.
2.1.2 Client agrees to be bound by the terms of the new issue and Client hereby:
2.1.2.1 warrants and undertakes that the Application shall be the only application made for Client’s benefit in respect of the same issue of securities and that Client shall make no other application in that issue;
2.1.2.2 authorises SHKIS to represent and warrant to the Exchange that no other application shall be made or shall be intended to be made by Client or for Client’s benefit;
2.1.2.3 acknowledges that SHKIS will rely on the above warranties, undertakings and authorisations in making the application;
2.1.2.4 acknowledges that SHKIS accepts no responsibility to send Client the listing document which sets out the terms and conditions of the new issue of securities (“Prospectus”). By Client’s application for subscriptions, Client confirms that Client has obtained such Prospectus from elsewhere, have read and understood the terms and conditions, and Client’s application is not in breach of such terms and conditions. Client confirms that Client shall not request subscriptions for new issues of securities unless eligible to do so under the applicable securities legislation; and
2.1.2.5 represents and warrants that he is not a connected person (as such term is defined in the Regulatory Rules) of the issuer of securities that are subject of the new issue.
2.1.3 Client may at the same time request SHKIS to provide a loan for the purpose of the Application (the “Loan”), and the following provisions shall apply:
2.1.3.1 SHKIS has the discretion to accept or reject the request for the Loan.
2.1.3.2 Upon acceptance of a request for a Loan, SHKIS shall provide a term sheet or other document(s) (“Term Sheet”) to Client confirming the terms of the Loan as agreed between Client and SHKIS, which shall be conclusive and binding on Client.
2.1.3.3 Prior to the provision of a Loan by SHKIS, Client shall provide to SHKIS a deposit for the Loan, which shall form part of the proceeds for the Applicat...
Initial Public Offerings. 11.1 Where the Client requests SHKOS to apply on Client’s behalf for securities in a new issue for listing on an Exchange, the Client hereby agrees to comply with the provisions contained in the Second Schedule.
Initial Public Offerings. It is the objective of the parties to the Agreement to work toward a public listing of the JV Company on the Taiwan Stock Exchange ("TSE"), or any other recognized stock exchange or the Taiwan over-the-counter trading system ("OTC") (each, a "Recognized Stock Exchange") within five (5) years after incorporation of the JV Company. The parties hereto agree to use their commercially reasonable efforts to cause the JV Company to apply for initial public offering and listing of the Shares on a Recognized Stock Exchange subject to maintenance of the material rights of the parties under this Agreement. Notwithstanding the provision of Article 7, if it is required that certain Shares should be offered for sale to the public/third parties during an Initial Public Offering, the parties agrees to offer Shares in proportion to their respective shareholdings.
Initial Public Offerings. Investment Personnel must obtain prior approval from the Compliance Officer before directly or indirectly acquiring Beneficial Ownership in any securities in an Initial Public Offering or in a Limited Offering. Those Investment Personnel who have obtained prior approval and made an investment in an Initial Public Offering or a Limited Offering must disclose (on Form E) that investment to the Compliance Officer when they such Investment Personnel play a part in any subsequent consideration of an investment in the issuer by a Fund. Under such circumstances, the Fund's decision to purchase securities of the issuer of the Initial Public Offering or the Limited Offering must be subject to independent review by the Compliance Officer or Investment Personnel with no personal interest in the issuer. Use Form E attached hereto for disclosure of activities falling within this subsection.
Initial Public Offerings. The Client must give prior written consent for the purchase of an initial public offering for the Account where Worldsource or an affiliate is involved in the distribution of such security.
Initial Public Offerings. 11.1 Where the Client requests GIHKL to apply on Client’s behalf for securities in a new issue for listing on an Exchange, the Client hereby agrees to comply with the provisions contained in the Second Schedule.
Initial Public Offerings. Subject to the subordination ------------------------ provisions of Section 7 hereof, upon the consummation of an Initial Public Offering (as hereinafter defined), Borrower shall, unless the Holder shall have waived its rights under this Section 3(a) in writing, use an amount of the Net Cash Proceeds (as defined below) equal to the lesser of (i) the aggregate outstanding principal amount of the Notes, and (ii) 30% of such Net Cash Proceeds (the lesser of (i) and (ii) being referred to in this Section 3(a) as the "Available Net Cash Proceeds") to ratably prepay the aggregate outstanding principal amount of this Note and any other Notes or, if the amount of Available Net Cash Proceeds is less than the aggregate outstanding principal amount of the Notes, then a ratable portion of the outstanding principal amount of this Note and each other Note which in the aggregate equal the Available Net Cash Proceeds, in each case in accordance with the redemption prices (the "Mandatory Redemption Prices") set forth below (expressed as a percentage of the outstanding principal amount of this Note so prepaid), together with Interest accrued on the aggregate outstanding principal amount of this Note through the date of such prepayment. If the consummation of an Initial Public Offering shall occur during the consecutive 12-month period immediately preceding March 30 of the calendar year set forth below, the Mandatory Redemption Price shall be determined based upon the percentage of the outstanding principal amount of this Note which corresponds to the period in question. Period Mandatory Redemption Price ------ -------------------------- 2002 108% 2003 107% 2004 106% 2005 and thereafter 105% Borrower shall pay the Mandatory Redemption Price, together with Interest accrued thereon, within 3 Business Days after receipt by either Borrower or any of its Subsidiaries of the proceeds
Initial Public Offerings. In the event that Customer offers shares of the Customer's stock for sale to the public, upon the effective date of the Initial Public Offering (i) all Outstanding Advances shall become due and payable and (ii) no further advances shall be extended to Customer.