Initial Offering Sample Clauses
The Initial Offering clause defines the terms and conditions under which a product, service, or security is first made available to the public or a specific group. Typically, this clause outlines the timing, pricing, and allocation process for the initial release, such as the first sale of shares in an IPO or the launch of a new software product to early adopters. Its core practical function is to establish clear expectations and procedures for the initial distribution, thereby ensuring transparency and fairness in the offering process.
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Initial Offering. The term “Initial Offering” means the Company’s first firm commitment underwritten public offering of its Common Stock under the Securities Act.
Initial Offering. The Company’s first firm commitment underwritten public offering of its Common Stock under the Securities Act.
Initial Offering. (a) On the Closing Date and pursuant to the Underwriting Agreement, each Underwriter shall pay cash to the Partnership in exchange for the issuance and sale by the Partnership of Common Units to each Underwriter, all as set forth in the Underwriting Agreement.
(b) Upon the exercise, if any, of the Underwriters’ Option, each Underwriter shall pay cash to the Partnership in exchange for the issuance and sale by the Partnership of Common Units to each Underwriter, all as set forth in the Underwriting Agreement.
(c) No Limited Partner will be required to make any additional Capital Contributions to the Partnership pursuant to this Agreement.
Initial Offering. The Company’s initial public offering of primary Shares pursuant to Registration Statement no. 333-140887.
Initial Offering. Unless otherwise determined by the Investors holding a majority of the outstanding shares of Series D Preferred, promptly following the Closing (as defined in the Purchase Agreement) the Company shall use its best efforts to consummate an Initial Offering that constitutes a Qualified IPO; provided, however, that this Section 3.14 shall only apply to the extent such Initial Offering is approved by the Board and determined to be in the best interests of the Company and the stockholders of the Company.
Initial Offering. For purposes of this Agreement, the term “Initial Offering” shall have the meaning given to such term in the Investors’ Rights Agreement.
Initial Offering. The term "
Initial Offering. Pursuant to the terms and conditions set forth in this Agreement, on the Initial Closing Date (as defined in Section 4.1), Companies shall sell to each Purchaser, and each Purchaser shall purchase from Companies, the applicable original issue discount Notes listed on Schedule 1 under the heading “Initial Notes” and set forth opposite such Purchaser’s name, in the original aggregate principal amount of Four Million Forty Thousand dollars ($4,040,000) (each as amended, restated, modified and/or supplemented from time to time, an “Initial Note” and collectively the “Initial Notes”; and the result of (i) the principal amount of the Initial Notes purchased by a Purchaser and listed on Schedule 1 under the heading “Initial Notes” set forth opposite such Purchaser’s name, divided by (ii) Four Million Forty Thousand dollars ($4,040,000) being referred to as such Purchaser’s “Allocation Percentage”). The sale of the Initial Notes and the Closing Shares (as such term is defined below) on the Initial Closing Date shall be known as the “Initial Offering.” The Initial Notes will mature on the Maturity Date (as defined in each Initial Note). The Initial Notes shall be substantially in the form attached hereto as Exhibit A and shall include such notations, legends or endorsements set forth therefor or required by law. The proceeds of the Initial Notes are to be used in accordance with Section 8.12 of this Agreement.
Initial Offering. The Initial Securities are being offered and sold by the Company pursuant to the Amended and Restated Purchase Agreement.
Initial Offering. 7.1 Prior to 10.00 a.m. (US Eastern time) on the Initial Closing Date, OMB shall submit a request to the Master Trust that OMB's interest in the Master Trust be reduced by a capital withdrawal of an amount in US dollars equal to the aggregate amount received by the OMEGA Fund in respect of the Initial Offering by 9.30 a.m. (US Eastern time) on the Initial Closing Date.
7.2 Prior to 10.00 a.m. (US Eastern time) on the Initial Closing Date, OMB shall submit a request to the Master Trust that OMB's interest in the Master Trust be reduced by a capital withdrawal of an amount in US dollars equal to the aggregate amount received by the SAGA Fund in respect of the Initial Offering by 9.30 a.m. (US Eastern time) on the Initial Closing Date.
7.3 Prior to 10.00 a.m. (US Eastern time) on the Initial Closing Date, OMAM shall submit a request to the Master Trust that OMAM's interest in the Master Trust be redeemed (as defined in the Declaration of Trust) and the Master Trust shall immediately following the capital contributions in clauses 8.2 and 9.2 effect that redemption.
7.4 The Master Trust shall procure that its assets are valued by the Administrator in US dollars as at 10.00 a.m. (US Eastern time) on the Initial Closing Date in accordance with the Valuation Rules. The Master Trust shall procure that the Administrator provides Old Mutual with written notice of such valuation.
7.5 The maximum number of shares in the OMEGA Fund available in the Initial Offering shall be determined by dividing the value of the assets of the Master Trust determined pursuant to clause 7.4 (rounded down to the nearest 100) by 100.
7.6 The maximum number of shares in the SAGA Fund available in the Initial Offering shall be determined by dividing the value of the assets of the Master Trust determined pursuant to clause 7.4 (rounded down to the nearest 50) by 50.