Examples of IPO Underwriting Agreement in a sentence
Prior to the Closing, none of the funds held in the Escrow Account may be released except in accordance with the Escrow Agreement, the SPAC’s organizational documents, the IPO Underwriting Agreement and the Final IPO Prospectus.
To the extent prohibited by the IPO Underwriting Agreement and the underwriters, a Holder may not offer, sell, contract to sell or grant any option to purchase or otherwise dispose of its Common Stock to a proposed Holder other than the Company for a period of 180 days immediately following the effective date of the IPO (or such earlier date as may be specified in the IPO Underwriting Agreement or otherwise agreed to with lead or managing underwriters in the IPO) (the “Holder Lock-Up Period”).
Upon any Transfer to HII of any Series B Membership Interests from HPI, HPIS or their successors and assigns in connection with an exercise by the IPO Underwriters of their over-allotment option to purchase Optional Securities pursuant to Section 3 of the IPO Underwriting Agreement, such Series B Membership Interests shall immediately be recapitalized into Series A Membership Interests.
Immediately after the IPO, TEGP will contribute the Equity Proceeds to the Company in exchange for Units, and, if and to the extent the IPO Underwriters exercise their option to purchase Option Shares pursuant to the terms of the IPO Underwriting Agreement, TEGP will issue additional Class A Shares and use the net proceeds thereof to purchase an equal number of Units from the Original Members.
On the Closing Date and pursuant to the IPO Underwriting Agreement, each IPO Underwriter contributed cash to the Partnership in exchange for the issuance by the Partnership of Common Units to each IPO Underwriter, all as set forth in the IPO Underwriting Agreement.