Examples of Unpurchased Securities in a sentence
If Holders deliver notices electing to purchase more than the total numbers of Unpurchased Securities, the Unpurchased Securities shall be allocated on a pro rata basis (as determined in accordance with subarticle (a) hereof).
Within five (5) days following receipt of such notice, any Holder may elect, by written notice to the Company and the other Holders, to purchase all or a portion of such Unpurchased Securities.
In the event that any Holder elects not to purchase its pro rata share of such New Securities, the Company shall notify each Holder within five (5) days following the expiration of said twenty (20)-day period of the number of New Securities not elected to be purchased by such Holders (the "Unpurchased Securities").
If within 36 hours after such default by any Underwriter the non-defaulting Underwriters do not arrange for the purchase of such Unpurchased Securities, then the Company shall be entitled to a further period of 36 hours within which to procure another party or other parties satisfactory to the non-defaulting Underwriters to purchase such Unpurchased Securities on such terms.
Should any portion of the Maximum Purchase Price remain unpaid as of the Termination Date (the “Unpurchased Securities”), all rights of Investor to purchase the Unpurchased Securities shall be deemed expired, null and void.
Unless and until Subscriber shall have received any necessary approvals from the Regulators for Subscriber's ownership of the Unpurchased Securities, Subscriber agrees that Bank shall not be obligated to issue, and the Bank shall not issue, any of the Unpurchased Securities as would cause the Subscriber to own, directly or indirectly, not more than 9.9% of the Bank's outstanding common stock (calculated as provided in Section 2).
Revenue and cost of goods sold associated with the contracts were recorded on a gross basis but should have been recorded on a net basis.
During the period prior to the receipt of all necessary approvals, Subscriber shall not be entitled to any of the benefits of the Unpurchased Securities, and without limiting the foregoing shall not be entitled to transfer, exercise, vote, or cause the exercise or voting of any of the Unpurchased Securities.
The balance of the Purchase Price, or $140,000.00 (the "Unpaid Purchase Price") shall remain in escrow until the Subscriber receives all necessary regulatory approvals for acquiring the Unpurchased Securities.
The term “Underwriter” as used in this Agreement shall include any person substituted under this Section with like effect as if such person had originally been a party to this Agreement with respect to such Unpurchased Securities.