Examples of Offers to Exchange in a sentence
In the event of such a shortfall, Lloyds Banking Group will allocate to those Holders whose Offers to Exchange have been accepted, the maximum number of New Shares available to be issued, in accordance with the ECA Priority.
The proposed Retail Holdings Offer will only be available to certain Holders of those classes or series of Non-Clearing System Existing Securities in respect of which (or which are Non-Clearing System Existing Securities which rank in therelevant Exchange Priority ahead of Existing Securities in respect of which) some Holders of that class or series have had Offers to Exchange accepted in accordance with either Exchange Priority pursuant to the Exchange Offer.
Holders will, if their Offers to Exchange are accepted, receive the relevant New Securities or cash on the relevant Settlement Date, as described herein.Holders who wish to Offer to Exchange their Existing Securities in accordance with this Exchange Option 3, should specify ‘‘Exchange Option 3’’ in the relevant Exchange Instruction.
The relevant ECN Issuer or Lloyds Banking Group (as the case may be) may then accept such Offers to Exchange in accordance with the ECA Priority, in the circumstances described in Appendix 3.
Holders will, if their Offers to Exchange are accepted, receive the relevant New Securities or cash on the relevant Settlement Date, as described herein.Holders who wish to Offer to Exchange their Existing Securities in accordance with this Exchange Option 4, should specify ‘‘Exchange Option 4’’ in the relevant Exchange Instruction.
Analysts issue optimistic forecasts to curry favour with managers in order to obtain better access to private information, to attract more investors and to boost investment banking fees, etc4.
The Indian Springs School District applied for $2.5 Million in funding to build ten cell tower sites in rural Northeastern Shasta County.
Therefore it is possible that the New Shares Price, as determined in accordance with the procedures set out in this Exchange Offer Memorandum, may mean that the aggregate number of New Shares that would need to be issued by Lloyds Banking Group to satisfy the aggregate Exchange Consideration Amount payable to Holders whose Offers to Exchange have been accepted, exceeds the Maximum Approved Amount.
Holders should note, therefore, that if Offers to Exchange specifying Exchange Option 2 or Exchange Option 4 are sufficient to reach or exceed the Maximum Exchange Consideration Amount, Holders specifying Exchange Option 3 who are not accepted pursuant to the ECN Priority will not have the opportunity to participate in the ECA Priority.
Offers to Exchange specifying Exchange Option 2 or Exchange Option 4 will be applied to the ECA Priority before Offers to Exchange specifying Exchange Option 1 or Exchange Option 3 (together with any Offers to Exchange specifying Exchange Option 4 which were not accepted pursuant to the ECA Priority in certain circumstances) are applied to the ECN Priority.