Reconfirmation Offering. The reconfirmation offer must commence within five business days after the effective date of the post-effective amendment. Pursuant to Rule 419, the terms of the reconfirmation offer must include the following conditions:
i. The prospectus contained in the post-effective amendment will be sent to each investor whose securities are held in the escrow account within five business days after the effective date of the post-effective amendment;
ii. Each investor will have no fewer than 20, and no more than 45, business days from the effective date of the post-effective amendment to notify the Company in writing that the investor elects to remain an investor;
iii. If the Company does not receive written notification from any investor within 45 business days following the effective date, the pro rata portion of the Deposited Funds (and any related interest or dividends) held in the escrow account on such investor's behalf will be returned to the investor within five business days by first class mail or other equally prompt means; The Company will send written disbursement instruction to the Escrow Agent including the amount of pro-rata interest owed to the investor.
iv. The acquisition(s) will be consummated only if investors having contributed 80% of the maximum offering proceeds elect to reconfirm their investments; and
v. If a consummated acquisition(s) has not occurred within 18 months from the date of this agreement, the Deposited Funds held in the escrow account shall be returned to all investors on a pro rata basis within five business days by first class mail or other equally prompt means. ; The Company will send written disbursement instruction to the Escrow Agent including the amount of pro-rata interest owed to the investor if any.
Reconfirmation Offering. Within five business days after the effective date of the post-effective amendment(s) as set forth in Section 4, the Client shall send by first class mail or other equally prompt means, to each Beneficiary, a copy of the prospectus contained in the post-effective amendment and any amendment or supplement thereto. Each Beneficiary shall have no fewer than 20 business days and no more than 45 business days from the effective date of the post-effective amendment to notify the Client in writing that the Beneficiary elects to remain an investor. If the Client has not received such written notification by the 45th business day following the effective date of the post-effective amendment, funds and interest or dividends, if any, held in the escrow or trust account shall be sent by first class mail or other equally prompt means to the Beneficiaries within five business days. The acquisition(s) meeting the criteria set forth above will be consummated if a sufficient number of Beneficiaries confirm their investments. If a consummated acquisition(s) meeting the requirements set forth above has not occurred by a date 18 months after the effective date of the initial registration statement, funds held in the escrow or trust account shall be returned by first class mail or equally prompt means to the Beneficiaries within five business days following that date. The conditions set forth in this Section 5 are referred to as the “Reconfirmation Requirements.”
Reconfirmation Offering. The final consummation of this transaction between OICco and Shareholder and LIBERTY is contingent upon 80% approval of the investors under the 419 registration in a reconfirmation offering.
Reconfirmation Offering. The reconfirmation offer must commence within five (5) business days after the effective date of the post-effective amendment to the registration statement. Pursuant to Rule 419, the terms or the reconfirmation offer must include the following conditions:
i. The prospectus contained in the post-effective amendment and any amendment or supplement thereto will be sent to each investor whose securities are held in the escrow account within five business days after the effective date of the post-effective amendment;
ii. Each investor will have no fewer than twenty (20), and no more than forty-five (45), business days from the effective date of the post-effective amendment to notify the Company in writing that the investor elects to remain an investor;
iii. If the Company does not receive written notification from any investor within 45 business days following the effective date of the post-effective amendment, the pro rata portion of the Deposited Funds (and any related interest or dividends) held in the escrow account on such investor's behalf will be returned to the investor within five business days by first class mail or other equally prompt means. The Company will send written disbursement instruction to the Escrow Agent including the amount of pro-rata interest owed to the investor.
iv. The acquisition(s) will be consummated only if investors having contributed 80% or more of the maximum offering proceeds elect to reconfirm their investments; and
v. If a consummated acquisition(s) has not occurred within eighteen (18) months from the effective date of the registration statement, the Deposited Funds held in the escrow account shall be returned to all investors on a pro rata basis within five business days by first class mail or other equally prompt means. The Company will send written disbursement instruction to the Escrow Agent including the amount of pro-rata interest owed to the investor if any.
Reconfirmation Offering. The reconfirmation offer must commence after the effective date of the Post-Effective Amendment. Pursuant to Rule 419, the terms of the reconfirmation offer shall include the following conditions:
(a) The prospectus contained in the Post-Effective Amendment will be sent to each investor whose securities are held in the Escrow Account within 5 business days after the effective date of the Post-Effective Amendment;
(b) Each investor will have no fewer than 20 and no more than 45 business days from the effective date of the Post-Effective Amendment to notify Xxxxx in writing that the investor elects to remain an investor;
(c) If Xxxxx does not receive written notification from any investor within 45 business days following the effective date of the Post-Effective Amendment, the pro rata portion of the Deposited Funds (and any related interest or dividends) held in escrow on such investor's behalf will be returned to the investor within 5 business days by first class mail or other equally prompt means;
(d) The Acquisition will be consummated only if a minimum number of investors representing 80% of the maximum offering proceeds ($40,000) elect to reconfirm their investment;
(e) If the Merger has not occurred by April 23, 1997 (18 months from the date of the prospectus), the Deposited Funds held in escrow shall be returned to all investors on a pro rata basis within 5 business days by first class mail or other equally prompt means, and this Agreement shall be declared null and void;
Reconfirmation Offering. The reconfirmation offer must commence within five business days after the effective date of the post-effective amendment. Pursuant to Rule 419, the terms of the reconfirmation offer must include the following conditions:
i. The prospectus contained in the post-effective amendment will be sent to each investor whose securities are held in the escrow account within five business days after the effective date of the post-effective amendment;
ii. Each investor will have no fewer than 20, and no more than 45, business days from the effective date of the post-effective amendment to notify the Company in writing that the investor elects to remain an investor;
iii. If the Company does not receive written notification from any investor within 45 business days following the effective date, the pro rata portion of the Deposited Funds (and any related interest or dividends) held in the escrow account on such investor's behalf will be returned to the investor within five business days by first class mail or other equally prompt means;
iv. The acquisition(s) will be consummated only if investors having contributed 80% of the maximum offering proceeds elect to reconfirm their investments; and
v. If a consummated acquisition(s) has not occurred within 18 months from the date of this prospectus, the Deposited Funds held in the escrow account shall be returned to all investors on a pro rata basis within five business days by first class mail or other equally prompt means.
Reconfirmation Offering. The final consummation of this transaction between Dewmar and DSD is contingent upon 80% approval of the investors under the 419 registration in a reconfirmation offering.
Reconfirmation Offering. The final consummation of this transaction between GSMC and 777 is contingent upon 80% approval of the investors under the 419 registration in a reconfirmation offering.
Reconfirmation Offering. The final consummation of this transaction between Mirador and Dewmar is contingent upon 80% approval of the investors under the 419 registration in a reconfirmation offering.
Reconfirmation Offering. The reconfirmation offer must commence within five business days after the effective date of the post-effective amendment. Pursuant to Rule 419, the terms of the reconfirmation offer must include the following conditions:
(a) The prospectus contained in the post-effective amendment will be sent to each Subscriber whose Deposited Securities are held in the Escrow Account within five business days after the effective date of the post-effective amendment;
(b) Each Subscriber will have no fewer than 20, and no more than 45, business days from the effective date of the post-effective amendment to notify the Company in writing that the Subscriber elects to remain an investor;
(c) If the Company does not receive written notification from any Subscriber within 45 business days following the effective date, the pro rata portion of the Deposited Funds (and any related interest or dividends) held in the Escrow Account on such Subscriber's behalf will be returned to the Subscriber within five business days by first class mail or other equally prompt means. The Company will send written disbursement instruction to the Escrow Agent including the amount of pro-rata interest owed to the Subscriber;
(d) The acquisition(s) will be consummated only if Subscribers having contributed 80% of the maximum offering proceeds elect to reconfirm their investments; and
(e) If a consummated acquisition(s) has not occurred within 18 months from the date of this Agreement, the Deposited Funds held in the Escrow Account shall be returned to all Subscribers on a pro rata basis within five business days by first class mail or other equally prompt means. The Company will send written disbursement instruction to the Escrow Agent including the amount of pro-rata interest/dividends owed to each Subscriber if any.
