Common use of Over-Allotment Clause in Contracts

Over-Allotment. If any underwritten Shelf Takedown includes an over-allotment option for the underwriters, the number of Registered Class A Shares to be included in such over-allotment option shall be allocated pro rata among the Participating Shareholders on the basis of the total amount of Registered Class A Shares that the holders thereof included under the Shelf Registration Statement; provided, however, that the number of any Registered Class A Shares included in any over-allotment option by any Participating Shareholder will be limited by the number of Registered Class A Shares each holder owns at the time of such Shelf Takedown.

Appears in 2 contracts

Sources: Shareholder Agreement (Steelcase Inc), Shareholder Agreement (Steelcase Inc)