Over-Allotment Option definition

Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

Over-Allotment Option shall have the meaning ascribed to such term in Section 2.2.

Over-Allotment Option means the over-allotment option granted to the Underwriters by the Partnership pursuant to the Underwriting Agreement.

Examples of Over-Allotment Option in a sentence

• The total number of Additional Underwriter Units to be purchased hereunder shall be in the same proportion as the proportion of the Over-Allotment Option that is exercised.

• The closing of the purchase and sale of the Initial Sponsor Units shall take place simultaneously with the closing of the IPO, and the closing of the purchase and sale of the Sponsor Additional Sponsor Units shall take place simultaneously with the closing of the applicable portion of the Over-Allotment Option (each a “Closing Date”).

• For the avoidance of doubt, nothing contained in this Section 6.2 shall excuse a default by the Representative (in its capacity as an Underwriter) in its obligations to purchase the Firm Shares or the Option Shares, if the Over-Allotment Option is exercised hereunder.

• The purchase and issuance of the Additional Sponsor Units shall occur only in the event that the Over-Allotment Option is exercised in full or in part.

• The closing of the purchase and sale of the Initial Underwriter Units shall take place simultaneously with the closing of the IPO, and the closing of the purchase and sale of the Underwriter Additional Underwriter Units shall take place simultaneously with the closing of the applicable portion of the Over-Allotment Option (each a “Closing Date”).

More Definitions of Over-Allotment Option

Over-Allotment Option has the meaning given to it in the second paragraph of this Agreement;

Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15% of the units sold in the IPO at a price equal to $10.00 per unit, less underwriting discounts and commissions.

Over-Allotment Option means the over-allotment option granted to the Underwriters by the Company pursuant to the Underwriting Agreement.

Over-Allotment Option means a right granted to one or more underwriters by an issuer or a selling securityholder of the issuer in connection with the distribution of securities under a prospectus to acquire, for the purposes of covering the underwriter’s over-allocation position, a security of an issuer that has the same designation and attributes as a security that is distributed under such prospectus, and which

Over-Allotment Option has the meaning assigned to such term in the Partnership Agreement.

Over-Allotment Option is defined in the recitals to this Agreement.

Over-Allotment Option has the meaning given to it above;