Examples of Preferred Offering in a sentence
The day that the Preferred Offering Period terminates is hereinafter referred to as the "Preferred Termination Date." The Preferred Termination Date may be extended for up to thirty (30) days by mutual agreement of the Placement Agent and the Company.
Upon completion of the Notes Offering and as long as the Placement Agent is proceeding in good faith with the preparations for the Preferred Offering, and until July 31, 2002, the Company agrees not to enter into any agreement with or solicit any underwriter, placement agent, financial advisor, investor or other person in connection with an offering of the Company's securities, and further agrees that any such communications, solicited or unsolicited, shall be conducted through the Placement Agent.
As promptly as practicable after the closing of the Preferred Offering ($3.0 million - $6.0 million plus value of the Notes Offering conversion), the Company will file a registration statement with the Securities and Exchange Commission indicating its intention to register the common shares underlying the Series E Preferred, including shares of Series E issued upon conversion of the Notes, and shall use its best efforts to process such application to effectiveness within sixty days.
Upon the closing of any Preferred Offering, the Initial General Partner shall contribute the net proceeds from such Preferred Offering to the Wholly-Owned LP Trust and the Wholly-Owned LP Trust shall contribute the said net proceeds to the Partnership in exchange for that number of Preferred Units as equals the total number of Preferred Shares which were sold pursuant to the Preferred Offering.
Series C & D Preferred: The holders of the Series C & D shall execute an agreement which converts such principal investment, plus accrued dividends, into the Series E Preferred upon the closing of the Preferred Offering, such that at least $5 million net is received by the Company from the Financing on terms that are acceptable to the Series C & D and the Company.