Primary Firm definition
Examples of Primary Firm in a sentence
The Company shall deliver, or cause to be delivered, to the Underwriter, through the facilities of the Depository Trust Company (“DTC”), for the account of the Underwriter, the Primary Firm Shares at the First Closing Date, against receipt of a wire transfer of immediately available funds for the amount of the purchase price therefor.
The Company agrees to issue and sell to the Underwriter the Primary Firm Shares upon the terms herein set forth.
The time and date of delivery of the Primary Firm Securities, is referred to herein as the “Closing Date.” On the Closing Date, the Company shall deliver the Primary Firm Securities which shall be registered in the name or names and shall be in such denominations as the Representative may request on behalf of the Underwriters at least one (1) business day before the Closing Date, to the respective accounts of the several Underwriters, which delivery shall be made through the facilities of DTC.
If all such Nominations cannot be accommodated, available capacity will be allocated pro rata based on the Primary Firm Service Rights associated with such Nominations through the constraint point.
Upon the terms herein set forth, (i) the Company agrees to issue and sell to the several Underwriters an aggregate of 1,075,267 Primary Firm Shares and (ii) the Selling Stockholder agrees to sell to the several Underwriters an aggregate of 1,024,733 Secondary Offered Shares.
As such, only if there is capacity available at a specific location after allocation of all Primary Firm Service at such location, will there be any allocation of Priority Service at such location.
PCA shall pay WMD monthly for power delivered on a monthly basis pursuant to this Agreement at a rate equal to PG&E Industrial Rate Schedule, E-20 Primary Firm, Winter Part-Peak Energy plus a customer metering charge of $1,000 per month.
The Company shall deliver, or cause to be delivered, to the Underwriters, through the facilities of the Depository Trust Company ("DTC"), for the account of the Underwriters, the Primary Firm Shares at the First Closing Date, against receipt of a wire transfer of immediately available funds for the amount of the purchase price therefor.
In addition, the Company proposes to grant to the Underwriters the option to purchase from the Company up to an additional 315,000 shares of Common Stock (the “Optional Securities” and, together with the Primary Firm Securities, the “Primary Securities” and the Optional Securities together with the Firm Securities, the “Offered Securities”).
Residential Class: 2.8% A-10 Class: -5.0% E-19 Secondary (firm and nonfirm combined): -9.0% Agricultural Class: 4.0% Streetlighting Class: -9.0% E-20 Transmission Firm: 0.0% E-20 Primary Firm: -2.0% E-20 Secondary Firm: -9.0% Illustrative average electric rates that are expected to result from this Settlement Agreement are provided in Tables 6-A (bundled service) and 6-B (direct access service).