Examples of Additional Preferred Securities in a sentence
Any and all references to the "Common Securities" in the Agreement shall be deemed to refer to the Additional Preferred Shares, and all references to "Securities" in the Agreement shall be deemed to refer to the Preferred Securities and Additional Preferred Securities.
A Purchaser shall be entitled to (i) apportion or assign the right of first offer to purchase any Additional Preferred Securities hereby granted to it (the “Right of First Offer”) in such proportions as it deems appropriate, among itself, its Affiliates and to any other Purchaser.
Subject to the terms and conditions of this Subsection 5.5 and applicable securities laws, and for so long as a Purchaser (along with its Affiliates) owns at least 50% of the aggregate number of Preferred Shares issued to such Purchaser and its Affiliates at the Closing (or the Common Stock issued upon conversion thereof), if the Company proposes to offer or sell any Additional Preferred Securities, the Company shall first offer such Additional Preferred Securities to each Purchaser.
The closing of any sale pursuant to this Subsection 5.5(b) shall occur within the later of ninety days of the date that the Offer Notice is given and the date of initial sale of Additional Preferred Securities pursuant to Subsection 5.5(c).
The obligations of the Underwriters to purchase any Additional Preferred Securities hereunder are subject to the satisfaction on and as of any Option Closing Date of the conditions set forth in this Section 8, except that, if any Option Closing Date is other than the Closing Date, the certificates, opinions and letters referred to in this Section 8 shall be dated the Option Closing Date and shall be revised to reflect the sale of the Additional Preferred Securities.
The Company shall be required to give an additional Offer Notice to each Purchaser if, at any time following the delivery of the first Offer Notice, there is any alteration of the material terms upon which it proposes to offer such Additional Preferred Securities (including but not limited to a reduction in the proposed conversion price).
The option granted hereunder may be exercised on one occasion upon written notice by the Underwriters to the Offerors, within thirty days after the date of the Prospectus setting forth the aggregate number of Additional Preferred Securities to be purchased by the Underwriters and sold by the Trust, the names and denominations in which the certificates are to be registered and the date and place at which such certificates will be delivered.
The Firm Preferred Securities and any Additional Preferred Securities which the Underwriters may elect to purchase shall be delivered to you for the accounts of the several Underwriters registered in the name of Cede & Co., as nominee for the Depository Trust Company, against payment of the purchase price therefor in immediately available funds.
The place of closing for any Additional Preferred Securities and the Option Closing Date for such Additional Preferred Securities may be varied by agreement between you and the Offerors.
The Company agrees that it will pay Underwriters' Compensation on the Option Closing Date in the amounts per Preferred Security set forth in the immediately preceding paragraph with respect to any Additional Preferred Securities purchased by the Underwriters.