Reduced Price Distribution Sample Clauses
Reduced Price Distribution. Without affecting the obligation of the Underwriters to purchase 11,300,000 Flow-Through Shares from the Company at the Offering Price, after the Underwriters have made reasonable efforts to sell all of the Flow-Through Shares at the Offering Price, the offering price to the public may be decreased and further changed from time to time by the Underwriters to an amount not greater than the Offering Price and, in such case, the compensation realized by the Underwriters will be decreased by the amount that the aggregate price paid by the Purchasers for such Flow-Through Shares is less than the gross proceeds paid by the Underwriters to the Company. If the aggregate purchase price paid by the Purchasers is less than the Offering Price, the Company will only be permitted to renounce Resource Expenses (as defined in Schedule E attached hereto) equal to such lesser aggregate price. The Underwriters will inform the Company if the Offering Price is to be decreased and pay the Company an amount equal to any deficiency arising as a result of the decrease in the Offering Price.
Reduced Price Distribution. Without affecting the firm obligation of the Underwriters to purchase from the Corporation 13,800,000 Units at the Offering Price in accordance with this Agreement, after the Underwriters has made reasonable efforts to sell all of the Offered Securities offered under the Final Prospectus at the applicable Offering Price, the applicable Offering Price may be decreased by the Underwriters and further changed from time to time to an amount not greater than the applicable Offering Price specified herein. Such decrease in the applicable Offering Price will not affect the Commission ($0.04 per Unit) to be paid by the Corporation to the Underwriters, and it will not decrease the amount of the net proceeds of the Offering to be paid by the Underwriters to the Corporation ($0.54 per Unit), before deducting expenses of the Offering. The Underwriters will inform the Corporation if the Offering Price is decreased.