Examples of local community in a sentence
To the extent the Person is a corporation or other business entity, the principal place of business or headquarters must be in the Local Community.
In the event of an oversubscription for shares in the Direct Community Offering, available shares will be allocated (to the extent shares remain available) first to cover orders of natural Persons residing in the Local Community, so that each such Person may receive 100 shares, and thereafter, on a pro rata basis to such Persons based on the amount of their respective subscriptions or on such other reasonable basis as may be determined by the Stock Holding Company.
In making the Direct Community Offering, the Stock Holding Company will give preference to natural persons residing in the Local Community.
In the Community Offering, if any, shares will be available for purchase by the general public with preference given to natural persons residing in the Local Community.
If oversubscription does not occur among natural Persons residing in the Local Community, the allocation process to cover orders of other Person subscribing for shares in the Direct Community Offering shall be as described above for natural Persons.