Examples of Incremental Shares in a sentence
At the Closing, subject to the terms and conditions hereof, the Company will instruct the Transfer Agent to deliver to the Investor, via book entry to the applicable balance account registered in the name of the Investor, the Firm Shares (and, if issued at the Closing, the Incremental Shares), against payment of the Purchase Price (less any portion of the Purchase Price paid at the closing of a Follow-On Offering) in U.S. dollars by wire transfer of immediately available funds to the order of the Company.
It is understood that the several Underwriters propose to offer the Securities (other than the Incremental Shares) for sale to the public and the Incremental Shares for sale to the Selling Securityholder, all as set forth in the Prospectus.
The number of shares to be purchased from each Underwriter, pursuant to this paragraph (c) shall be equal to the number of shares of Incremental Shares committed to be purchased by such Underwriter under this Agreement.
In the event that the Investor Group elects to dispose of the Incremental Shares as provided in this Section 4(b), the Purchaser shall provide written notice to the Company of such disposition and the purchase option granted to the Company pursuant to Section 4(a) shall apply only to those Incremental Shares which have not been so disposed of.
Said option may be exercised only to cover over-allotments in the sale of the Underwritten Securities (exclusive of the Incremental Shares) by the Underwriters.
Options, Reload Options and, during any period of restrictions on transferability, Incremental Shares, may not be sold, assigned, pledged, hypothecated or otherwise transferred by the Participant other than by will or the laws of descent and distribution, except as provided in this Section 16.
The Company may, but shall not be required to issue a stock certificate evidencing the issuance of Incremental Shares to a Participant.
For the avoidance of doubt, whether or not a Dragged Holder elects to give an Incremental Share Notice or sells any Incremental Shares, such Dragged Holder shall nonetheless be obligated to sell the percentage of such Holder’s Issuer Shares pursuant to the Drag-Along Sale as set forth in Section 14.15(b) (as reduced, to the extent applicable, by the immediately preceding sentence).
Incremental Shares Relating to $.56 Convertible Preference Shares - 391,302 4.
If the option provided for in Section 2(b) hereof shall have been exercised on or before the third Business Day prior to the Closing Date, delivery by the Selling Securityholder and payment by the Underwriters for the Option Securities shall be made immediately following the repurchase of the Incremental Shares referenced above.