Examples of Additional Common Shares in a sentence
If and to the extent that the IPO Underwriters exercise the Option to Purchase Additional Common Shares, the Company shall use the resulting net proceeds to redeem from CEI on the closing date(s) of such exercise, at the same price per Common Share sold to the public in the initial public offering, less underwriting discounts and commissions, a number of Common Shares equal to the number of additional Common Shares purchased by the Underwriters pursuant to such exercise.
In any instance where Agent cannot reconcile such discrepancies by following such procedures, Agent will consult with the Company for instructions as to the number of Additional Common Shares, if any, Agent is authorized to issue.
Pursuant to the Exercise Notice, the Underwriters shall severally, and not jointly, nor jointly and severally, purchase in their respective percentages set out in Section 14 below, and the Company shall deliver and sell, the number of Additional Common Shares indicated in such notice, in accordance with the provisions of this Agreement.
The consideration for Additional Common Shares Issued together with other property of the Company for consideration that covers both shall be determined in good faith by the Board of Directors.
Upon exercise of the Over- Allotment Option, the Corporation shall become obligated to issue and sell and the Underwriters shall become obligated to purchase the total number of the Additional Units, Additional Common Shares and/or Additional Warrants, as the case may be, as to which the Underwriters are then exercising the Over-Allotment Option.