Examples of Oversubscription Notice in a sentence
Each such Buyer who receives an Oversubscription Notice must exercise its right of oversubscription by giving the Company written notice of its election during the *** Business Day period following its receipt of the Oversubscription Notice.
Each such Major Investor shall have ten (10) days from the delivery of such Oversubscription Notice to agree to purchase the Oversubscription Securities up to the amount set forth in such Major Investor’s written notice to the Company, and the exact amount to be purchased by each such Major Investor shall be determined in accordance with Section 4.1 hereof.
Each such Buyer who receives an Oversubscription Notice must exercise its right of oversubscription by giving the Company written notice of its election during the [***] Business Day period following its receipt of the Oversubscription Notice.
Each Participating Member shall have ten (10) days after receipt of the Oversubscription Notice (the “Oversubscription Period”) to notify the Transferring Member of its election to purchase all or any portion of the unsubscribed Transfer Securities on the same terms and conditions as set forth in the Second Notice.
Each Electing Party shall exercise its right to purchase its Pro Rata Oversubscription Fraction of the Oversubscription Offered Shares as soon as practicable after receipt from the Offeror of the Oversubscription Notice, and in all events within five (5) day after receipt thereof.
In order to exercise its purchase rights hereunder, each Purchasing Holder must deliver an Election Notice to the Company during the 15-day period (the "Oversubscription Period") following such Purchasing Holder's receipt of the Oversubscription Notice from the Company.
In the event of an Oversubscription, the Company shall by written notice (the "Oversubscription Notice") offer to each Purchasing Holder the right to participate in such Oversubscription.
The “Beneficial Ownership Limitation” shall be 9.99% of the number of Common Shares outstanding immediately after giving effect to the issuance of Common Shares issuable upon exercise of such Oversubscription Notice.
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Subject to the terms of this Agreement, the Oversubscription Closing shall occur within 3 Trading Days of a duly delivered exercise notice by the exercising party (the “Oversubscription Notice” and each such Closing following delivery of the Oversubscription Notice, the “Oversubscription Closing Date”).