Shortfall Securities definition

Shortfall Securities has the meaning given in Clause ‎9.4.
Sample 1Sample 2Sample 3
Shortfall Securities means those securities the subject of the entitlements offer comprising the Issue which are not subscribed for by shareholders according to their pro rata entitlement as set out in the terms of the Issue.
Sample 1
Shortfall Securities means that number of the Securities that have not validly been applied for by the Closing Date.
Sample 1

Examples of Shortfall Securities in a sentence

  • Any Shortfall Securities must be allocated to Sub-Underwriters, as determined by the Underwriter, in its absolute discretion.

  • Subject to the Underwriter complying with clause 6.1, as soon as practicable and, in any event, not later than 2 Business Days after the date on which the Company receives Valid Applications for the Shortfall Securities in accordance with clause 6.2, the Company will issue the Shortfall Securities in accordance with those Valid Applications.

  • The Shortfall Securities are not counted in the Company’s 15% limit under ASX Listing Rule 7.1 as they fall within ASX Listing Rule 7.2 exception 3.

  • After the completion of the Rights Issue, the Company made up the shortfall by issuing approximately $700,000 worth of securities under the Subscription Agreements (Shortfall Securities), leaving approximately $1 million available for the Company to draw upon under a Subscription Agreement with Andrew Doyle.

  • If, as at 5:00pm on the Closing Date, the Responsible Entity has not received Valid Applications in respect of all of the Allotted Units, the Responsible Entity must by 5:00pm on the Shortfall Notification Date (or such longer period agreed in writing by the Underwriters), give a written notice to the Underwriters (the Shortfall Notice) specifying the number of Allotted Units in respect of which Valid Applications have not been received (Shortfall Securities).


More Definitions of Shortfall Securities

Shortfall Securities has the meaning given to that term in clause 7.1.
Sample 1
Shortfall Securities means, subject to the deeming provisions of clause 5.2, Offer Shares for which Valid Applications have not been received by 5:00 pm on the Closing Date.
Sample 1
Shortfall Securities means that number of Shares that have not been applied for by Shareholders in respect of their Entitlement by the Closing Date.
Sample 1

Related to Shortfall Securities

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • Shortfall Amount as defined in Section 2.6.

  • Class B Interest Shortfall shall have the meaning specified in subsection 4.02(b).

  • Class A Interest Shortfall shall have the meaning specified in subsection 4.02(a).

  • Substitution Shortfall Amount As defined in Section 2.03(d).

  • Prepayment Interest Shortfall Amount With respect to any Mortgage Loan that was subject to a Principal Prepayment in full or in part during any Due Period, which Principal Prepayment was applied to such Mortgage Loan prior to such Mortgage Loan’s Due Date in such Due Period, the amount of interest (net of the General Servicing Fee) that would have accrued on the amount of such Principal Prepayment during the period commencing on the date as of which such Principal Prepayment was applied to such Mortgage Loan and ending on the day immediately preceding such Due Date, inclusive.

  • Available Funds Shortfall Amount means, as of any Payment Date, the amount, if any, by which the aggregate amount required to be paid pursuant to clauses first through twelfth of Section 4.4(a) of the Sale and Servicing Agreement exceeds the Available Funds for such Payment Date.

  • Unpaid Interest Shortfall Amount With respect to the Class A Certificates and the Mezzanine Certificates and (i) the first Distribution Date, zero, and (ii) any Distribution Date after the first Distribution Date, the amount, if any, by which (a) the sum of (1) the Monthly Interest Distributable Amount for such Class for the immediately preceding Distribution Date and (2) the outstanding Unpaid Interest Shortfall Amount, if any, for such Class for such preceding Distribution Date exceeds (b) the aggregate amount distributed on such Class in respect of interest pursuant to clause (a) of this definition on such preceding Distribution Date, plus interest on the amount of interest due but not paid on the Certificates of such Class on such preceding Distribution Date, to the extent permitted by law, at the Pass-Through Rate for such Class for the related Accrual Period.

  • Collateral Interest Shortfall shall have the meaning specified in subsection 4.02(c).

  • Interest Shortfall With respect to any Distribution Date and each Mortgage Loan that during the related Prepayment Period was the subject of a Principal Prepayment or constitutes a Relief Act Mortgage Loan, an amount determined as follows:

  • Collateral Shortfall Amount is defined in Section 8.1.

  • Net Interest Shortfall With respect to any Distribution Date, the Interest Shortfall, if any, for such Distribution Date net of Compensating Interest Payments made with respect to such Distribution Date.

  • Net Prepayment Interest Shortfalls As to any Distribution Date and Loan Group, the amount by which the aggregate of Prepayment Interest Shortfalls for that Loan Group during the related Prepayment Period exceeds the amount of Compensating Interest available to such Loan Group for such Distribution Date.