QIB Letter definition
Examples of QIB Letter in a sentence
Each person purchasing Offered Units in the United States will be, prior to the sale of Offered Units to such persons, required to execute either a QIB Letter, if the Agent reasonably believes such purchaser is both a U.S. Accredited Investor and a Qualified Institutional Buyer, or a U.S. Subscription Agreement, as applicable.
Prior to any sale of Offered Units, the Unit Shares or Warrants to a U.S. Offeree, we caused each such U.S. Offeree who is (i) a Qualified Institutional Buyer to execute and a QIB Letter in the form of Exhibit I to the U.S. Memorandum or (ii) an Institutional Accredited Investor to execute a U.S. Subscription Agreement substantially in the form of Exhibit II to the U.S. Memorandum.
Prior to any sale by 127 BC of Special Warrants to U.S. Purchasers identified by it, the Agent will deliver to each offeree a copy of the U.S. Placement Memorandum and cause each such U.S. Purchaser that is (a) an Accredited Investor to execute and deliver a Accredited Investor Certificate and (b) a Qualified Institutional Buyer to execute and deliver a QIB Letter, in each case including any schedules and exhibits attached thereto.
Prior to any sale of Securities to, or for the account or benefit of, a person in the United States or a U.S. Person, each such purchaser will be provided with the U.S. Placement Memorandum containing the Final Prospectus and will be required to execute the U.S. QIB Letter in the form attached as Exhibit A to the U.S. Placement Memorandum containing the Final Prospectus.
Each Warrant originally issued to, or for the account or benefit of, a U.S. Purchaser that is an Accredited Investor, other than Warrants issued to a Qualified Institutional Buyer that was an original purchaser of NFT Special Warrants and executed and delivered a QIB Letter, must be issued in individually certificated form only and bear the applicable legends set forth in Section 2.9(1).