Common use of Additional ADSs Clause in Contracts

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.

Appears in 1 contract

Sources: Underwriting Agreement (HDFC Bank LTD)

Additional ADSs. On the basis of the representations and warranties contained hereinin the Underwriting Agreements, and subject to the its terms and conditions herein statedconditions, the Company agrees to sell to the Underwriters, severally and not jointly, U.S. Underwriters the Additional ADSs and the U.S. 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 BookrunnersIf the U.S. Representatives, on behalf of the U.S. Underwriters, may elect to exercise such option by giving written notice to option, the U.S. Representatives shall so notify the Company in writing not later than 30 days after the date of this Agreement. The the Underwriting Agreements, which notice shall specify the number of Additional ADSs to be purchased by the U.S. 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 U.S. Firm ADSs. If any Additional ADSs are to be purchased, each U.S. Underwriter agrees, severally and not jointly, to purchase the number of Additional ADSs (subject to such adjustments to eliminate fractional shares as the U.S. Representatives may determine) that bears the same proportion to the total number of Additional Additonal ADSs to be purchased as the number of U.S. Firm ADSs set forth in Schedule I hereto opposite the name of such U.S. Underwriter bears to the total number of Firm U.S. ADSs, subject to such adjustments as the Joint Global Coordinators and Joint Bookrunners in their discretion shall make to eliminate any fractional shares.

Appears in 1 contract

Sources: u.s. Underwriting Agreement (Icici Bank LTD)

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.

Appears in 1 contract

Sources: Underwriting Agreement (HDFC Bank LTD)