Examples of Offered Common Shares in a sentence
Notwithstanding the foregoing, the Company shall only pay a cash commission equal to 2.75% of the aggregate gross proceeds of the Offering resulting from Purchasers of Offered Common Shares identified by the Company to the Underwriters (the “President’s List”).
Each Underwriter acknowledges that the Offered Common Shares have not been and will not be registered under the U.S. Securities Act or applicable state securities laws and the Offered Shares may be offered and sold in the United States only: (a) in transactions exempt from the registration requirements of the U.S. Securities Act and applicable exemptions from state securities laws; and (b) in accordance with the broker-dealer requirements of the U.S. Exchange Act and state securities laws.
The parties agree that the President’s List shall be limited to a maximum of 100,000 Offered Common Shares.
The parties hereto acknowledge that the Underwriters shall not be required to conduct a suitability review in respect of the sale of Offered Common Shares to Purchasers on the President’s List that have settled directly with the Company (“Direct Settlers”).
The Agent shall use its commercially reasonable efforts to obtain subscriptions to purchase the Offered Common Shares and the Over-Allotment Shares.
It is understood and agreed by the Corporation and the Agent that the Agent shall act as agent only and is under no obligation to purchase any of the Offered Common Shares.
The Agent shall use its commercially reasonable efforts to obtain subscriptions to purchase the Offered Common Shares.
In rendering the opinion set forth in this Paragraph 3, I have assumed that, at the time of issuance of any Offered Common Shares, (i) the Articles, the Bylaws and the IBCL shall not have been amended after the date hereof so as to affect the validity of such issuance and (ii) there shall be sufficient shares of Common Stock authorized under the Articles (as then in effect) and not otherwise reserved for issuance.
It is understood and agreed by the Corporation and the Agent that the Agent shall act as agent only and is under no obligation to purchase any of the Offered Common Shares and the Over-Allotment Shares.
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