Procedure for Placement of Discretionary Allocation Shares Sample Clauses

Procedure for Placement of Discretionary Allocation Shares. The Underwriters shall inform the Joint Global Coordinators of any requests for the subscription of Discretionary Allocation Shares received by them at such times as the Joint Global Coordinators may determine and in no event later than 6:00 a.m. Madrid time on the date on which the Discretionary Allocation Period ends. The Joint Global Coordinators shall, in turn, notify the Company and the Agent of such requests for the subscription of Discretionary Allocation Shares no later than at 6:30 a.m. Madrid time on the same date, and the Company shall notify at such time the Joint Global Coordinators of any requests for the subscription of Discretionary Allocation Shares received by the Company itself. Any request for the subscription of Discretionary Allocation Shares shall be unconditional and irrevocable (save as provided in Clause 8.3) and shall include the number of Discretionary Allocation Shares that each investor is willing to subscribe at the Subscription Price. The Bank, after hearing the opinion of the Joint Global Coordinators, shall evaluate the subscription proposals received, applying standards of quality and stability of the investment, and may accept in whole or in part, or reject any of the subscription proposals, at its sole discretion and without the need for any justification, but acting in good faith, so that no unjustified discrimination occurs between proposals with the same ranking and characteristics. Notwithstanding the foregoing, the Bank may not reject subscription proposals if this entails the Underwriters having to fulfil their respective Underwriting Commitments. The Company shall give notice of the definitive allocation of Discretionary Allocation Shares to the Joint Global Coordinators as soon as practicable after notification of the subscription requests by the Underwriters on the date on which the Discretionary Allocation Period ends, and by no later than 7:00 a.m. Madrid time. The Joint Global Coordinators, in turn, shall immediately thereafter communicate such allocation to the Underwriters, who shall immediately give notice to the subscribers they have procured of the number of Discretionary Allocation Shares that have been allocated to each subscriber during the Discretionary Allocation Period (such notification to be made in writing). Once the allocations of Discretionary Allocation Shares have been communicated and confirmed by investors, such proposals shall automatically become firm subscription orders. The Joint Glob...
Sample 1
AutoNDA by SimpleDocs

Related to Procedure for Placement of Discretionary Allocation Shares

  • Revisions to Allocations to Reflect Issuance of Partnership Interests If the Partnership issues Partnership Interests to the General Partner or any additional Limited Partner pursuant to Article IV, the General Partner shall make such revisions to this Article 6 and Exhibit B as it deems necessary to reflect the terms of the issuance of such Partnership Interests, including making preferential allocations to classes of Partnership Interests that are entitled thereto. Such revisions shall not require the consent or approval of any other Partner.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Waiver of Distributions from Trust Account In connection with the Securities purchased pursuant to this Agreement, the Purchaser hereby waives any and all right, title, interest or claim of any kind in or to any distributions from the Trust Account.

  • Allocation of Forfeitures NOTE: Subsections (a), (b) and (c) below apply to forfeitures of amounts other than Excess Aggregate Contributions.

  • Requirement and Characterization of Distributions; Distributions to Record Holders (a) Within 45 days following the end of each Quarter commencing with the Quarter ending on September 30, 2005, an amount equal to 100% of Available Cash with respect to such Quarter shall, subject to Section 17-607 of the Delaware Act, be distributed in accordance with this Article VI by the Partnership to the Partners as of the Record Date selected by the General Partner. All amounts of Available Cash distributed by the Partnership on any date from any source shall be deemed to be Operating Surplus until the sum of all amounts of Available Cash theretofore distributed by the Partnership to the Partners pursuant to Section 6.4 equals the Operating Surplus from the Closing Date through the close of the immediately preceding Quarter. Any remaining amounts of Available Cash distributed by the Partnership on such date shall, except as otherwise provided in Section 6.5, be deemed to be “Capital Surplus.” All distributions required to be made under this Agreement shall be made subject to Section 17-607 of the Delaware Act.

  • Regulatory Allocations Notwithstanding any provisions of paragraph 1 of this Exhibit B, the following special allocations shall be made.

  • Allocation of Distributions The distributions of the Company shall be allocated entirely to the Member or, if additional member(s) are admitted, the member(s) in proportion to their respective capital accounts.

  • Allocations to Additional Limited Partners If any Additional Limited Partner is admitted to the Partnership on any day other than the first day of a Fiscal Year, then Net Income, Net Losses, each item thereof and all other items allocable among Partners and Assignees for such Fiscal Year shall be allocated among such Additional Limited Partner and all other Partners and Assignees by taking into account their varying interests during the Fiscal Year in accordance with Section 706(d) of the Code, using the interim closing of the books method (unless the General Partner, in its sole and absolute discretion, elects to adopt a daily, weekly or monthly proration method, in which event Net Income, Net Losses, and each item thereof would be prorated based upon the applicable period selected by the General Partner). Solely for purposes of making such allocations, each of such items for the calendar month in which an admission of any Additional Limited Partner occurs shall be allocated among all the Partners and Assignees including such Additional Limited Partner. All distributions of Available Cash with respect to which the Partnership Record Date is before the date of such admission shall be made solely to Partners and Assignees other than the Additional Limited Partner, and all distributions of Available Cash thereafter shall be made to all the Partners and Assignees including such Additional Limited Partner.

  • Rollover Contributions An amount which qualifies as a rollover contribution pursuant to the Federal Internal Revenue Code may be transferred to and paid under this contract as a contribution for a Participant. Prudential may require proof that the amount paid so qualifies.

  • Change in Form or Timing of Distributions All changes in the form or timing of distributions hereunder must comply with the following requirements. The changes:

Time is Money Join Law Insider Premium to draft better contracts faster.