Class B Offering definition

Class B Offering means the offering of Class B Subordinated Interests by the Trust pursuant to the Class B Prospectus.
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Class B Offering means the offering of the non-brokered private placement of 78,500 Class B Common Shares of the Corporation completed on March 12, 2021;
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Examples of Class B Offering in a sentence

  • The Trust will pay for the Class A Interests that it is seeking to acquire pursuant to the Offer with a portion of the net proceeds of its recent Class B Offering.

  • The Trust will seek to acquire additional Class A Interests following the completion of the Offer with the remaining net proceeds of the Class B Offering.

  • The Class B Notes and the Class B Note Purchase Agreement conform in all material respects with their descriptions in the Class B Offering Memorandum.

  • Upon receipt of the Class B Offering Member Notice, if, within 60 (sixty) days from the date of the Class B Offering Member Notice, none of the other Members holding Class B Profits Units wish to continue the business of the Company, the Board will either seek to sell the Company or the Company will be dissolved.

  • Upon receipt of the Class B Offering Member Notice, if, within 60 days from the date of the Class B Offering Member Notice, none of the other Members holding Class B Profits Units wish to continue the business of the Company, the Board will either seek to sell the Company or the Company will be dissolved.

  • In both the Initial Class B Offering and the Subsequent Class B Offering, any purchaser of Class B Shares shall be required in connection with such purchase to acknowledge in writing this Agreement so that this Agreement will be treated as a "Qualifying Agreement" for purposes of the Company's Certificate of Incorporation.

  • Of these proceeds approximately $319,374 is expected to be used to pay the expenses of the Class B Offering, $2,960,865 will be used to make a special distribution to the Class A Beneficiaries (the "Special Distribution") and the approximate balance of $11,843,461 is now available to the Trust to redeem Class A Interests pursuant to the Offer and in future transactions.

  • Upon (i) the closing of a Qualified Class B Offering (as defined below) or (ii) the affirmative vote of the holders of 75% of the then outstanding Class B Preferred Stock, all of the then outstanding shares of Class B Preferred Stock shall automatically be converted into shares of Common Stock at the Conversion Price at the time in effect for such Preferred Stock, and any dividends accrued but unpaid shall be immediately payable in cash.

  • Of these proceeds approximately $331,326 is expected to be used to pay the expenses of the Class B Offering, $3,075,818 will be used to make a special distribution to the Class A Beneficiaries (the "Special Distribution") and the approximate balance of $12,303,271 is now available to the Trust to redeem Class A Interests pursuant to the Offer and in future transactions.

  • Further, for purposes hereof, the "Subsequent Remaining Funding" shall be an amount equal to (i) $7,850,000 less (ii) the sum of (a) the Initial Franklin Consideration and the Initial Class B Offering Proceeds (the "Initial Class B Proceeds"), (b) the aggregate proceeds received and to be received from the sales of Class A Shares pursuant to Section 3.A. and (c) the aggregate proceeds from the sale of Class B Shares pursuant to Section 3.B.

Related to Class B Offering

  • Piggyback Offering has the meaning set forth in Section 8(a).

  • Offering shall have the meaning ascribed to such term in Section 2.1(c).

  • Shelf Offering has the meaning set forth in Section 1(d)(i).

  • Delayed Offering means an offering of securities pursuant to Rule 415 which does not commence promptly after the effective date of a registration statement, with the result that only information required pursuant to Rule 415 need be included in such registration statement at the effective date thereof with respect to the securities so offered. Whether the offering of the Securities is a Non-Delayed Offering or a Delayed Offering shall be set forth in Schedule I hereto.

  • Publicly Offered Certificates [______________], Mortgage Pass-Through Certificates, Series [_______], Class [__], Class [__], Class [__], Class [__], Class [__], Class [__] and Class [__] issued pursuant to the Pooling and Servicing Agreement.

  • Privately Offered Certificates [______________], Mortgage Pass-Through Certificates, Series [_______], Class [__] issued pursuant to the Pooling and Servicing Agreement.

  • Initial Offering means the Company’s first firm commitment underwritten public offering of its Common Stock registered under the Securities Act.

  • Public Offering means the sale in an underwritten public offering registered under the Securities Act of equity securities of the Company or a corporate successor to the Company.

  • Subsequent Offering means any further issuance of Interests in any Series, excluding any Initial Offering or Transfer.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Maximum Offering means, with respect to some or all participants in the Non-423(b) Plan Component, a maximum number or value of shares of the Common Stock made available for purchase in a specified period (e.g., a 12-month period) in specified countries, locations or to Employees of specified Designated Subsidiaries. Such maximum shall be determined by the Board (or a committee authorized by the Board) in such a manner as to avoid securities filings, to achieve certain tax results or to meet other Company objectives.

  • Initial Note Balance means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance, the Initial Class B Note Balance, the Initial Class C Note Balance, the Initial Class D Note Balance or the Initial Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Rule 415 Offering means an offering on a delayed or continuous basis pursuant to Rule 415 (or any successor rule to similar effect) promulgated under the Securities Act.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Qualified Initial Public Offering means a public offering of the securities of Parent pursuant to an effective registration statement filed under the Securities Act, that is fully underwritten pursuant to a firm commitment contract and with respect to which the product of (a) the price to the public per share multiplied by (b) the aggregate number of offered shares will yield Net Offering Proceeds of at least $50,000,000.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • Class A Shares means Class A ordinary shares, par value US$0.0001 per share, in the share capital of the Company.

  • Principal Transaction means any transaction between the Sponsor, the Manager or any of their respective Affiliates, on the one hand, and the Company or one of its Subsidiaries, on the other hand.

  • Initial Class D Note Balance means $142,370,000.

  • Initial Public Offering means an offering of securities registered under the Securities Act of 1933, the issuer of which, immediately before the registration, was not subject to the reporting requirements of sections 13 or 15(d) of the Securities Exchange Act of 1934.

  • Public Equity Offering means an underwritten primary public offering of common stock of the Company pursuant to an effective registration statement under the Securities Act.

  • Equity Offering means any public or private sale of common stock or Preferred Stock of the Company or any of its direct or indirect parent companies (excluding Disqualified Stock), other than:

  • Initial Class C Note Balance means $152,941,000.

  • Underwritten Shelf Takedown shall have the meaning given in subsection 2.3.3.