Common use of Overallotment Clause in Contracts

Overallotment. If any Preferred Share Holder fails to exercise its right to purchase its full pro rata share of any New Securities (each, a “Non-Exercising Holder”), the Company shall, within five (5) days after the expiration of the thirty (30) day period described in Section 5.2 above, deliver written notice specifying the aggregate number of unpurchased New Securities that were eligible for purchase by all Non-Exercising Holders (the “Remaining Securities”) to each Preferred Share Holder that exercised its right to purchase its full pro rata share of the New Securities (each, an “Exercising Holder”). Subject to Section 5.5, each Exercising Holder shall have a right of overallotment, and may exercise an additional right to purchase the Remaining Securities by notifying the Company in writing within fifteen (15) days after receipt of the notice by the Company pursuant to the prior sentence of this Section 5.3; provided, however, that if the Exercising Holders desire to purchase in aggregate more than the number of Remaining Securities, then subject to Section 5.5, the Remaining Securities will be allocated to the extent necessary among the Exercising Holders in accordance with their relative pro rata shares.

Appears in 1 contract

Samples: Shareholders Agreement (BEST Inc.)

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Overallotment. If any Preferred Share Series A Holder fails to exercise its right to purchase its full pro rata share of any New Securities (each, a “Non-Exercising Holder”), the Company shall, within five (5) days after the expiration of the thirty ten (3010) day period described in Section 5.2 7.2 above, deliver written notice specifying the aggregate number of unpurchased New Securities that were eligible for purchase by all Non-Exercising Holders (the “Remaining Securities”) to each Preferred Share Series A Holder that exercised its right to purchase its full pro rata share of the New Securities (each, an “Exercising Holder”). Subject to Section 5.5, each Each Exercising Holder shall have a right of overallotment, and may exercise an additional right to purchase the Remaining Securities by notifying the Company in writing within fifteen ten (1510) days after receipt of the notice by the Company pursuant to the prior sentence of this Section 5.37.3; provided, however, that if the Exercising Holders desire to purchase in aggregate more than the number of Remaining Securities, then subject to Section 5.5, the Remaining Securities will be allocated to the extent necessary among the Exercising Holders in accordance with their relative pro rata shares.

Appears in 1 contract

Samples: Shareholders Agreement (Visionchina Media Inc.)

Overallotment. If any Preferred Share Series A Holder fails to exercise its right to purchase its full pro rata share of any New Securities (each, a “Non-Exercising Holder”), the Company shall, within five (5) days after the expiration of the thirty ten (3010) day period described in Section 5.2 7.2 above, deliver written notice specifying the aggregate number of unpurchased New Securities that were eligible for purchase by all Non-Exercising Holders (the “Remaining Securities”) to each Preferred Share Series A Holder that exercised its right to purchase its full pro rata share of the New Securities (each, an “Exercising Holder”). Subject to Section 5.5, each Each Exercising Holder shall have a right of overallotment, and may exercise an additional right to purchase the Remaining Securities by notifying the Company in writing within fifteen ten (1510) days after receipt of the notice by the Company pursuant to the prior sentence of this Section 5.37.3; provided, however, that if the Exercising Holders desire to purchase in aggregate more than the number of Remaining Securities, then subject to Section 5.5, the Remaining Securities will be allocated to the extent necessary among the Exercising Holders in accordance with their relative respective pro rata shares.

Appears in 1 contract

Samples: Shareholders Agreement (Global Education & Technology Group LTD)

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Overallotment. If any Preferred Share Holder fails to exercise its right to purchase its full pro rata share of any the New Securities (each, a “Non-Exercising Holder”), the Company shall, within five (5) days after the expiration of the thirty (30) day period described in Section 5.2 abovePreferred Share Holder Participation Period, deliver written notice specifying the aggregate number of unpurchased remaining New Securities that were eligible for purchase by all Non-Exercising Holders (the “Remaining Securities”) to each Preferred Share Holder that exercised its right to purchase its full pro rata share of the New Securities (each, an “Exercising Holder”). Subject to Section 5.5, each Each Exercising Holder shall have a right of overallotment, and may exercise an additional right to purchase the Remaining Securities by notifying the Company in writing within fifteen ten (1510) days after receipt of the notice by the Company pursuant to the prior sentence of this Section 5.38.4; provided, however, that if the Exercising Holders desire to purchase in aggregate more than the number of the Remaining Securities, then subject to Section 5.5, the Remaining Securities will be allocated to the extent necessary among the Exercising Holders in accordance with their relative pro rata shares.

Appears in 1 contract

Samples: Amended and Restated Shareholders Agreement (China Hydroelectric Corp)

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