Additional ADSs Sample Clauses
The 'Additional ADSs' clause defines the conditions under which extra American Depositary Shares (ADSs) may be issued beyond the initial allotment. Typically, this clause outlines the circumstances, such as corporate actions or regulatory requirements, that could necessitate the creation of more ADSs, and details the process for their issuance and allocation to existing or new holders. Its core function is to provide a clear framework for handling increases in the number of ADSs, ensuring transparency and predictability for all parties involved.
Additional ADSs. The Company hereby grants to the Underwriters an option (the “Over-allotment Option”) to purchase up to an additional 900,000 ADSs (the “Additional ADSs”), in each case solely for the purpose of covering over-allotments of such securities, if any. The Over-allotment Option is, at the Underwriters’ sole discretion, for Additional ADSs.
Additional ADSs. The Company hereby grants to the Underwriters an option (the “Over-allotment Option”), exercisable for 45 days after the closing of the offering, to purchase up to an additional [●]2 ADSs (the “Additional ADSs”), in each case solely for the purpose of covering over-allotments of such securities, if any. The Over-allotment Option is, at the Representative’s sole discretion, for Additional ADSs.
Additional ADSs. On the basis of the representations and warranties contained herein, and subject to the terms and conditions herein stated, the Company agrees to sell to the Underwriters, severally and not jointly, the Additional ADSs and the Underwriters shall have a one-time right to purchase, severally and not jointly, up to [- ] Additional ADSs at the Purchase Price. The Joint Global Coordinators and Joint Bookrunners, on behalf of the Underwriters, may exercise such option by giving written notice to the Company not later than 30 days after the date of this Agreement. The notice shall specify the number of Additional ADSs to be purchased by the Underwriters and the date on which such Additional ADSs are to be purchased. Such date may be the same as the Closing Date but not earlier than the Closing Date nor later than ten business days after the date of such notice. Additional ADSs may be purchased as provided in Section 4 hereof solely for the purpose of covering over-allotments made in connection with the offering of the Firm ADSs. If any Additional ADSs are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Additional ADSs that bears the same proportion to the total number of Additional ADSs to be purchased as the number of Firm ADSs set forth in Schedule I hereto opposite the name of such Underwriter bears to the total number of Firm ADSs, subject to such adjustments as the Joint Global Coordinators and Joint Bookrunners in their discretion shall make to eliminate any fractional shares.
Additional ADSs. Upon the terms and subject to the conditions of this Agreement, Seller agrees to sell, and GRIT agrees to cause Seller to sell, to Purchaser, and Purchaser shall have a right to purchase, a number of additional ADSs (the "Additional ADSs") equal to the product of the Exchange Ratio and the Additional ADS Base Amount. If the U.S. Underwriters exercise their option to purchase Additional PEPS pursuant to the Underwriting Agreement, Purchaser shall notify Seller in writing that Purchaser will purchase the Additional ADSs, which notice shall specify the Additional ADS Base Amount and the date on which Purchaser shall deliver the purchase price for the Additional ADSs, which shall be the Option Closing Date, as defined in Article IV of the Underwriting Agreement. The Firm ADSs and the Additional ADSs (if any) are collectively referred to herein as the "Contract ADSs".