Initial Proceeds means the proceeds from the initial Bond Issue.
Initial Proceeds has the meaning set forth in Section 3.2(a).
Initial Proceeds means the net proceeds received by the Corporation in exchange for the issuance and sale of Shares in the IPO. Initial Proceeds will be calculated as the product of (a) the sum of (i) the price per share at which Shares are sold to the public in the IPO minus (ii) the aggregate underwriting discounts and commissions per share in such offering, multiplied by (b) the number of Shares sold to the public in the IPO without giving effect to any exercise of the Over-Allotment Option. For the avoidance of doubt, Initial Proceeds shall not include the Over- Allotment Proceeds. “IPO” has the meaning set forth in the Recitals. “LLC Agreement” has the meaning set forth in the Recitals. “Managing Underwriters” means Xxxxxx Xxxxxxx & Co. LLC and Xxxxxxxxx LLC. “Over-Allotment Closing” means the closing of the transactions contemplated in Section 3.01, 3.02 and 3.04. “Over-Allotment Closing Date” has the meaning set forth in Section 3.03.
Examples of Initial Proceeds in a sentence
From this portion of the initial proceeds of the tax, the sum of five hundred million dollars shall be maintained in an account within the First Use Tax Trust Fund in the state treasury to be known as the "Initial Proceeds Account".
The consideration for the Initial Units shall be an amount equal to the Initial Proceeds (the “Initial Consideration”).
If in the judgment of the state treasurer the best interest of the state would be served, and only if the Debt Retirement and Redemption Account is depleted or otherwise not funded, the treasurer may, with concurrence of two-thirds of the members of the State Bond Commission, acting in open session, expend the investment earnings which have accrued in excess of five hundred million dollars in the Initial Proceeds Account for any purpose for which the Debt Retirement and Redemption Account may be used.
Monies in the Initial Proceeds Account shall be invested, and the investment earnings shall accrue to that account.
If the Completion Date occurs prior to the date of the Effective Time, the Initial Proceeds, together with the Estimated Tax Amount, shall be deposited by the Company in escrow in accordance with an escrow agreement in the form of Schedule 3 hereto.
More Definitions of Initial Proceeds
Initial Proceeds shall have the meaning ascribed to it in Section 4.3 hereof.
Initial Proceeds means 100 per cent. of the net proceeds from the issue of the Notes, being GBP 12,500,000;
Initial Proceeds means the net proceeds received by the Corporation in exchange for the issuance and sale of Shares in the IPO. Initial Proceeds will be calculated as the product of (a) the sum of (i) the price per share at which Shares are sold to the public in the IPO minus (ii) the aggregate selling agents’ commissions in such offering, multiplied by (b) the number of Shares sold to the public in the IPO without giving effect to any exercise of the Subsequent Closings. For the avoidance of doubt, Initial Proceeds shall not include the Subsequent Proceeds.
Initial Proceeds means the Proceeds received and receivable by the Company prior to such price reduction in connection with such Convertible Securities. The "Reduced Proceeds" shall mean the Proceeds received and receivable by the Company after giving effect to such price reduction in connection with such Convertible Securities. In case the Company shall issue and sell Convertible Securities for a consideration consisting, in whole or in part, of property other than cash or its equivalent, then in determining the "Price Per Share" of Common Stock and the "consideration received by the Company" for purposes of this paragraph (d), an independent professional evaluator selected by the disinterested non-employee members of the Board of 9
Initial Proceeds shall have the meaning ascribed to it in Section 4.3 hereof. "Initial Subscription Period" shall mean the period fixed by the Board of Directors of Offshore for holders of Rights to purchase the Offshore Shares subject to such Rights (exclusive of any period (an "Additional Period") fixed by the Board of Directors of Offshore for the purchase of any unsubscribed Shares), which period shall expire no later than the General Expiration Date. "Leviathan" shall mean Leviathan Gas Pipeline Partners, L.P. "Merger Agreement" shall mean the Agreement and Plan of Merger, among Parent, El Paso Acquisition Company and the Company, dated as of February 27, 1998. "Offshore Common Stock" shall mean the common stock, par value $0.01 per share, of Offshore listed on Schedule 1 attached hereto. "Offshore Preferred Stock" shall mean the Series A 12% Convertible Exchangeable Preferred Stock, par value $0.01 per share, Series B 8% Convertible Exchangeable Preferred Stock, par value $0.01 per share, Series C 4% Convertible Exchangeable Preferred Stock, par value $0.01 per share, 9% Senior Convertible Preferred Stock, par value $0.01 per share, and Mandatory Redeemable Preferred Stock, par value $0.01 per share, of Offshore listed on Schedule 1 attached hereto. "Offshore Shares" shall mean (i) the shares of Offshore Common Stock and Offshore Preferred Stock or (ii) units comprised of such shares. "Prospectus" shall mean the prospectus(es) to be distributed to the holders of Company Common Stock in connection with the Rights Offering. "Record Date" shall mean the record date for the Distribution fixed by the Company's Board of Directors or any committee thereof. "Redemption Agreement" shall mean the Redemption Agreement dated the date hereof between Leviathan and Offshore. B-2 3 "Registration Statement" shall mean the registration statement(s) registering the offering and sale of the Rights and the Offshore Shares pursuant to the Rights Offering. "RIGCO" shall mean RIGCO North America, L.L.C., a Delaware limited liability company. "Rig Distribution" shall have the meaning ascribed to it in Section 3.2 hereof. "Securities Act" shall mean the Securities Act of 1933, as amended. "Senior Preferred Stock" shall mean the 9% Senior Convertible Preferred Stock, par value $0.01 per share, of Offshore. "Subordinated Note" shall mean the Company's Senior Subordinated Note dated January 23, 1997 payable to Hare & Co. "Tathxx Xxxthers" shall mean Tathxx Xxxthers, L.L.C., a Delaware limited li...
Initial Proceeds means the aggregate proceeds received by the Asset Trust from the sale of the Series A Asset Trust Preferred Securities and the Asset Trust Common Securities.
Initial Proceeds means 100 per cent. of the Principal Amount;