PARTIAL DISTRIBUTION. Partial distribution of the Debentures ("Partial Distribution") shall be allowed, provided that a minimum quantity of 200.000 (two hundred thousand) First Series Debentures (“Minimum Amount”) Pursuant to article 75 of CVM Resolution 160, investors may not condition their acceptance of the Offer on the distribution of: (i) all of the Debentures offered; or (ii) a minimum number of Debentures, provided that it is superior than the Minimum Amount . In the event that: (i) the Minimum Amount is not reached within the subscription period for the Debentures, the Issue shall be canceled by the Company; or (ii) the Minimum Amount is reached, but not all of the Debentures are distributed by the end of the subscription period for the Debentures, the Debentures not placed with the Shareholders and the Professional Investors shall be canceled by the Company. In this case any amounts or Credits delivered in exchange for the Debentures shall be fully refunded to the investors within three (3) Business Days (as defined below) of the communication of the cancellation of the Offer, without adjustment for inflation or interest, or reimbursement of any costs incurred and with deduction, if applicable, of the amounts related to taxes or fees (including, without limitation, any applicable taxes on financial transactions, the IOF/Exchange and any taxes that may be created and/or those whose rate currently equivalent to zero may be increased). In the event of cancellation of the Offer, the Company and the Lead Underwriter shall not be liable for any losses or damages incurred by the Shareholders and/or Professional Investors.
PARTIAL DISTRIBUTION. Partial distribution of the Debentures ("Partial Distribution") shall be allowed, provided that a minimum quantity of 200.000 (two hundred thousand) First Series Debentures (“Minimum Amount”) pursuant to article 75 of CVM Resolution 160, investors may not condition their acceptance of the Offer on the distribution of (i) all of the Debentures offered; or (ii) a minimum number of Debentures, provided that it is superior than the Minimum Amount . In the event that: