Examples of Underwritten Units in a sentence
The Company shall not be obligated to sell or deliver any of the Underwritten Units, except upon tender of payment by the Representatives for all Underwritten Units.
The Company shall not be obligated to sell or deliver any of the Underwritten Units, except upon tender of payment by the Representative for all Underwritten Units.
Said option may be exercised only to cover over-allotments in the sale of the Underwritten Units by the Underwriters.
In the event that neither the remaining Underwriters nor the Company purchase or arrange for the purchase of all of the Underwritten Units to which a default relates as provided in this Section 9, this Agreement will terminate without liability to any nondefaulting Underwriter or the Company.
If within one Business Day after such default relating to more than 10% of the Underwritten Units the remaining Underwriters do not arrange for the purchase of such Underwritten Units, then the Company shall be entitled to a further period of one Business Day within which to procure another party or parties reasonably satisfactory to you to purchase said Underwritten Units.
Delivery of the Underwritten Units and the Option Units shall be made through the facilities of The Depository Trust Company (“DTC”) unless the Representative shall otherwise instruct.
The number of Option Units to be purchased by each Underwriter shall be based upon the same percentage of the total number of the Option Units to be purchased by the several Underwriters as such Underwriter is purchasing of the Underwritten Units, subject to such adjustments as the Representative in its absolute discretion shall make to eliminate any fractional shares.
The Company shall not be obligated to sell or deliver the Underwritten Units except upon tender of payment by the Representative for all the Underwritten Units.
If delivery is not made through the facilities of DTC, the Company will permit the Representative to examine and package the Underwritten Units for delivery, at least one Business Day prior to the Closing Date.
Delivery of the Underwritten Units and the Option Units shall be made through the facilities of The Depository Trust Company unless the Representatives shall otherwise instruct.