Examples of Overallotment Shares in a sentence
Any non-breaching Backstop Party that is allocated Available Shares pursuant to this Section 15 shall be deemed a substitute for the breaching Backstop Party with respect to such Available Shares and any Available Shares allocated to a Backstop Party pursuant to this Section 15 shall be deemed Direct Subscription Shares, Backstop Shares or Overallotment Shares, as applicable, under Sections 1(c)(v), 2(a)(i) and 2(a)(ii), as applicable.
A ROFR Shareholder shall not have a right to purchase any of ROFR Shareholder’ Overallotment Shares, unless it exercises its right of first refusal within the ROFR Shareholder First Refusal Period, to purchase up to all of its First Refusal Allotment of the Offered Shares.
A Non-Selling Shareholder shall not have a right to purchase any of the Offered Shares or Preferred Shareholders’ Overallotment Shares, respectively, unless it exercises its right of first refusal within the Preferred Shareholders First Refusal Period or the Preferred Shareholders’ Overallotment Period, respectively, to purchase up to all of its First Refusal Allotment of the Offered Shares or Preferred Shareholders’ Overallotment Shares, respectively.
The Underwriting Agreement shall also provide that, at the IPO Closing, the Company shall grant to Newbridge (or its designated affiliates) share purchase warrants (the “Underwriter’s Warrants”) covering a number of shares of Common Stock equal to 10.0% of the total number of Shares being sold in the IPO (not including the Over-allotment Shares).