Common use of Overallotment Sales Clause in Contracts

Overallotment Sales. If the LP Sellers have the opportunity to sell Purchaser Shares in the underwriters' overallotment option in the Purchaser's initial public offering, then at the closing of the issuance of any Purchaser Shares pursuant to such overallotment option, Purchaser shall make substantially similar representations and warranties to such selling LP Sellers as Purchaser makes to the underwriters and obtain for such selling LP Sellers an accountant's comfort letter and legal opinions substantially similar to those provided to the underwriters solely for such selling LP Sellers' use in their diligence review for sale under such overallotment option; provided, however, that such selling LP Sellers shall provide any information or materials reasonably requested by such accountants and counsel.

Appears in 8 contracts

Samples: Contribution Agreement (General Maritime Ship Holdings LTD), Contribution Agreement (General Maritime Ship Holdings LTD), Contribution Agreement (General Maritime Ship Holdings LTD)

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