Examples of Additional Offered Shares in a sentence
The Agent may exercise the Agent’s Option, in whole or in part, at any time and from time to time prior to the Option Expiry Date by delivery of written notice to the Corporation of the number of Additional Offered Shares in respect of which the Agent’s Option is being exercised and the date for delivery of the Additional Offered Shares (an “Agent’s Option Notice”).
The obligation of the Corporation to pay the Agent’s Commission shall arise at the Closing Time with respect to the Offered Shares or the Option Closing Time with respect to the Additional Offered Shares, as applicable.
In the event the Over-Allotment Option is exercised in whole or in part, the Additional Offered Shares shall be deemed to form part of the Offering and all provisions relating to Closing on the Closing Date shall apply on the Over-Allotment Closing Date.
The purchase and sale of the Additional Offered Shares, if required, shall be completed at such time and place as the Underwriters and the Corporation may agree, but in no event shall such closing occur not earlier than two Business Days and not later than five Business Days after written notice to purchase Additional Offered Shares under the Over-Allotment Option is given in the manner contemplated herein.
Upon exercise of the Agent’ Option as provided herein the Corporation shall become obligated to sell the total number of Additional Offered Shares in respect of which the Agent is exercising the Agent’s Option.
The applicable terms, conditions and provisions of this Agreement (including the provisions of Section 12 relating to closing deliveries) shall apply mutatis mutandis to the Closing of the issuance of any Additional Offered Shares pursuant to any exercise of the Over-Allotment Option.