Common use of Notification to the Hong Kong Underwriters Clause in Contracts

Notification to the Hong Kong Underwriters. Subject to Clause 2.7, in the event of a Hong Kong Public Offering Under-Subscription so that the Hong Kong Underwriters are obliged to apply for or procure applicants for the Unsold Hong Kong Offer Shares at the Offer Price, the Company will procure that the Receiving Bank, the Registrar and the White Form eIPO Service Provider as soon as possible and in any event by 10:00 p.m. on the Acceptance Date (that is November 30, 2023, which is one Business Day immediately prior to the Price Determination Date) (such Business Day being hereinafter referred to as the “Shortfall Notification Date”) notify the Overall Coordinators of the number of the Unsold Hong Kong Offer Shares (subject to adjustment taking into account applications rejected due to (i) payment of application monies which were dishonoured (the “Dishonoured Payments”) or (ii) suspected multiple or invalid applications). The Overall Coordinators will notify as soon as possible and in any event by 11:00 p.m. on the Shortfall Notification Date the Hong Kong Underwriters of the number of the Unsold Hong Kong Offer Shares falling to be taken up after determination by the Overall Coordinators pursuant to Clause 3.4.2, having taken into account the Dishonoured Payments, any clawforward pursuant to Clause 2.7 and any exercise of its rights under Clause 3.4.7 (the “Overall Coordinators’ Notice”).

Appears in 1 contract

Sources: Hong Kong Underwriting Agreement

Notification to the Hong Kong Underwriters. Subject to Clause 2.7, in the event of a Hong Kong Public Offering Under-Subscription so that the Hong Kong Underwriters are obliged to apply for or procure applicants for the Unsold Hong Kong Offer Shares at the Offer Price, the Company will procure that the Receiving Bank, the Registrar and the White Form eIPO Service Provider as soon as possible and in any event by 10:00 p.m. on the Acceptance Date (that is November 30, 202313 June 2024, which is one Business Day immediately prior to the Price Determination Date) (such Business Day being hereinafter referred to as the “Shortfall Notification Date”) notify the Sole Overall Coordinators Coordinator of the number of the Unsold Hong Kong Offer Shares (subject to adjustment taking into account applications rejected due to (i) payment of application monies which were dishonoured (the “Dishonoured Payments”) or (ii) suspected multiple or invalid applications). The Sole Overall Coordinators Coordinator will notify as soon as possible and in any event by 11:00 p.m. on the Shortfall Notification Date the Hong Kong Underwriters of the number of the Unsold Hong Kong Offer Shares falling to be taken up after determination by the Sole Overall Coordinators Coordinator pursuant to Clause 3.4.2, having taken into account the Dishonoured Payments, any clawforward pursuant to Clause 2.7 and any exercise of its rights under Clause 3.4.7 (the “Overall CoordinatorsCoordinator’ Notice”).

Appears in 1 contract

Sources: Hong Kong Underwriting Agreement

Notification to the Hong Kong Underwriters. Subject to Clause 2.78, in the event of a Hong Kong Public Offering Under-Subscription so that the Hong Kong Underwriters are obliged to apply for or procure applicants for the Unsold Hong Kong Offer Shares at the Offer Price, the Company will use reasonable efforts to procure that the Receiving Bank, the H Share Registrar and the White Form eIPO Service Provider as soon as possible and in any event by 10:00 6:00 p.m. (Hong Kong time) on the Acceptance Date (that is November 30, 2023, which is one Business Day immediately prior to the Price Determination Date) (such Business Day being hereinafter referred to as the “Shortfall Notification Date”) notify the Overall Coordinators Sponsor-OC of the number of the Unsold Hong Kong Offer Shares (subject to adjustment taking into account applications rejected due to (i) payment of application monies which were dishonoured (the “Dishonoured Payments”) or (ii) suspected multiple or invalid applications). The Overall Coordinators CEBI will notify as soon as possible and in any event by 11:00 5:00 p.m. (Hong Kong time) on the Shortfall Notification Date the Hong Kong Underwriters of the number of the Unsold Hong Kong Offer Shares falling to be taken up after determination by the Overall Coordinators CEBI pursuant to Clause 3.4.2, having taken into account the Dishonoured Payments, any clawforward pursuant to Clause 2.7 2.8 and any exercise of its rights under Clause 3.4.7 (the “Overall Coordinators’ OC’s Notice”).

Appears in 1 contract

Sources: Hong Kong Underwriting Agreement