Examples of Company Offered Securities in a sentence
Notwithstanding any of the foregoing, following any Preemptive Rights Offer Notice, the Company may immediately issue, prior to the expiration of the time periods above, the Company Offered Securities whenever it determines that it would be to the advantage of the Company for it to issue such Company Offered Securities (an “Accelerated Issuance”).
The Preemptive Rights Offer Notice shall describe the terms of the proposed transaction, identify the proposed purchaser(s), and contain an offer (the “Preemptive Rights Offer”) to sell Company Offered Securities to such Holder, at the same price, on the same terms and for the same consideration to be paid by the proposed purchaser(s) as set forth in this Section 3.
Otherwise, each Preferred Holder electing to purchase the Company Offered Securities shall be allocated and shall purchase its Pro Rata Portion of the Company Offered Securities.
The Sponsor Funds Preemptive Rights Offer Notice shall describe the terms of the proposed transaction, identify the proposed purchaser(s), and contain an offer (the “Sponsor Funds Preemptive Rights Offer”) to sell Company Offered Securities to the Sponsor Funds, at the same price, on the same terms and for the same consideration to be paid by the proposed purchaser(s) as set forth in this Section 5.
If the Preferred Holders do not elect to purchase all of the Company Offered Securities, the Company shall have the right, exercisable not later than one hundred twenty (120) days after the giving of the Company Offer, to issue the Company Offered Securities not purchased by the Preferred Holders on substantially the same terms as, and in any case, no more favorable to the purchaser than, those set forth in the Company Offer.
At any such closing, the Company shall deliver to each Purchasing Investor certificates representing the Company Offered Securities being issued, registered in the name of such Purchasing Investor or its nominee, against payment of the applicable purchase price by wire transfer of same day funds or check as deemed acceptable to the Company.
If any Preferred Holder does not give an Acceptance Notice by the end of such thirty (30) day period, such Preferred Holder shall be deemed to have elected not to purchase any of the Company Offered Securities.
The closing of any sale or issue of Company Offered Securities to a Preferred Holder pursuant to this Section 5, (a "Purchasing Investor") shall take place on such date, within thirty (30) days of the date of the Acceptance Notice (subject to extension to comply with any applicable law), as shall be agreed by the Company and the Purchasing Investor.
Notwithstanding any of the foregoing, following any Sponsor Funds Preemptive Rights Offer Notice, the Company may immediately issue, prior to the expiration of the time periods above, the Company Offered Securities whenever it determines that it would be to the advantage of the Company for it to issue such Company Offered Securities (an “Accelerated Issuance”).
If the contracts exceed the cost estimates contained in the construction plans (including a contingency budget) previously approved by the Agencies by twenty percent (20%) or more, the bids will be approved individually by each Agency or the project may not proceed.