Hong Kong Public Offering Underwriting Commitment definition

Hong Kong Public Offering Underwriting Commitment means, in relation to any Hong Kong Underwriter, the number of Hong Kong Offer Shares which such Hong Kong Underwriter has agreed to procure applications to purchase, or failing which itself as principal apply to purchase, pursuant to the terms of this Agreement, being such number calculated by applying the percentage set forth opposite the name of such Hong Kong Underwriter in Schedule 1 to the aggregate number of Hong Kong Offer Shares determined after taking into account any reduction pursuant to Clause 2.6 and 4.12, as applicable, but not in any event exceeding the maximum number of Hong Kong Offer Shares as shown opposite the name of such Hong Kong Underwriter in Schedule 1;

Hong Kong Public Offering Underwriting Commitment means the number of Hong Kong Offer Shares which the Hong Kong Underwriter has agreed to procure applications to purchase, or failing which itself as principal apply to purchase, pursuant to the terms of this Agreement, being the aggregate number of Hong Kong Offer Shares determined after taking into account any adjustment pursuant to Clauses 2.6 and 4.12, as applicable, but not in any event exceeding the maximum number of Hong Kong Offer Shares as shown opposite the name of the Hong Kong Underwriter in Schedule 2;

Hong Kong Public Offering Underwriting Commitment means, in relation to any Hong Kong Underwriter, the number of Hong Kong Offer Shares which such Hong Kong Underwriter has agreed to procure applications to purchase, or failing which itself as principal apply to purchase, pursuant to the terms of this Agreement, as set forth opposite the name of such Hong Kong Underwriter in Schedule 1, subject to reallocation as provided in Clauses 2.6 and 4.12;

Examples of Hong Kong Public Offering Underwriting Commitment in a sentence

• Detailed provisions relating to the set-off of the Hong Kong Public Offering Underwriting Commitment of a Hong Kong Underwriter are set out in Schedule 4.

• Detailed provisions relating to the set-off of the Hong Kong Public Offering Underwriting Commitment of the Hong Kong Underwriter are set out in Schedule 4.

• Detailed provisions relating to the set-off of the Hong Kong Public Offering Underwriting Commitment of a Hong Kong Underwriter are set out in ‎Schedule 4.

• Detailed provisions relating to the set-off of the Hong Kong Public Offering Underwriting Commitment of a Hong Kong Underwriter are set out in Schedule 5.

• Except as otherwise permitted in the Hong Kong Underwriting Agreement or in Schedule 1 hereto, no Hong Kong Underwriter may appoint any sub-underwriter or undertake any sub-underwriting in respect of any part of its Hong Kong Public Offering Underwriting Commitment.

• For the avoidance of doubt, the number of International Offer Shares for which a Hong Kong Underwriter or its affiliates (in its capacity as an International Underwriter) has purchased or procured purchasers under the International Offering shall not be used to set off that Hong Kong Underwriter's Hong Kong Public Offering Underwriting Commitment.

• In consideration of the Hong Kong Underwriters assuming their Hong Kong Public Offering Underwriting Commitment under this Agreement, the Company shall pay to the Sole Global Coordinator (for itself and on behalf of the Hong Kong Underwriters) an underwriting commission equal to a total of 3.5 per cent.

• A Hong Kong Underwriter can enter into sub-underwriting arrangements in respect of any part of its Hong Kong Public Offering Underwriting Commitment, provided that it cannot offer or sell any Hong Kong Offer Shares in connection with any such sub-underwriting arrangements to any person in respect of whom such offer or sale would be in contravention of applicable Laws or selling restrictions.

• Each Hong Kong Underwriter agrees that the Global Coordinator’s determination shall be conclusive and binding on it in the event of any dispute on matters relating to the Hong Kong Public Offering Underwriting Commitment.

• Notwithstanding anything stated in this Agreement, the Sole Global Coordinator shall have the sole and absolute discretion in allocating the Offer Shares among the Hong Kong Underwriters in such a manner and proportion as it at its sole discretion shall determine and the Hong Kong Public Offering Underwriting Commitment of the relevant Hong Kong Underwriter(s) to whom Offer Shares have been allocated shall be adjusted accordingly.

More Definitions of Hong Kong Public Offering Underwriting Commitment

Hong Kong Public Offering Underwriting Commitment in relation to a Hong Kong Underwriter, the maximum number of Hong Kong Offer Shares which such Hong Kong Underwriter has agreed to underwrite pursuant to the terms of this Agreement, as shown opposite the name of that Hong Kong Underwriter in Schedule 2, subject to adjustments as set out in Clauses 2.6 and 2.7;

Hong Kong Public Offering Underwriting Commitment means, in relation to any Hong Kong Underwriter, the number of the Hong Kong Offer Shares which such Hong Kong Underwriter has agreed to procure applications to purchase, or failing which itself as principal apply to purchase, pursuant to the terms of this Agreement, being such number calculated by applying the percentage set forth opposite the name of such Hong Kong Underwriter in Schedule 1 to the aggregate number of the Hong Kong Offer Shares determined after taking into account any adjustment pursuant to Clauses 2.5, 4.13 and 4.14, as applicable, but not in any event exceeding the maximum number of the Hong Kong Offer Shares as shown opposite the name of such Hong Kong Underwriter in Schedule 1;