If there is a permitted secondary offering Sample Clauses

If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
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If there is a permitted secondary offering. (1) If the Issuer is an established issuer and you have sold in a permitted secondary offering 25% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/3 of your remaining escrow securities 12 months after the listing date 1/2 of your remaining escrow securities 18 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 33 1/3%.
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If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your Escrowed Securities, your Escrowed Securities will be released as follows: For delivery to complete the IPO All Escrowed Securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining Escrowed Securities 12 months after the listing date 1/5 of your remaining Escrowed Securities 18 months after the listing date 1/4 of your remaining Escrowed Securities 24 months after the listing date 1/3 of your remaining Escrowed Securities 30 months after the listing date 1/2 of your remaining Escrowed Securities 36 months after the listing date your remaining Escrowed Securities *In the simplest case, where there are no changes to the remaining Escrowed Securities upon completion of the permitted secondary offering and no Additional Escrowed Securities, the release schedule outlined above results in the remaining Escrowed Securities being released in equal tranches of 16 2/3%.
Sample 1
If there is a permitted secondary offering. (1) If the Issuer is an Established Issuer and you have sold in a Permitted Secondary Offering 25% or more of your Escrow Securities, your Escrow Securities will be released as follows: For delivery to complete the IPO All Escrow Securities sold by you in the Permitted Secondary Offering 6 months after the Listing Date 1/3 of your remaining Escrow Securities 12 months after the Listing Date 1/2 of your remaining Escrow Securities 18 months after the Listing Date your remaining Escrow Securities *In the simplest case, where there are no changes to the remaining Escrow Securities upon completion of the Permitted Secondary Offering and no Additional Escrow Securities, the release schedule outlined above results in the remaining Escrow Securities being released in equal tranches of 33 1/3%.
Sample 1
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: ------------------------------------------------------------------------------------------------------------------- For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering ------------------------------------------------------------------------------------------------------------------- 6 months after the listing date 1/6 of your remaining escrow securities ------------------------------------------------------------------------------------------------------------------- 12 months after the listing date 1/5 of your remaining escrow securities ------------------------------------------------------------------------------------------------------------------- 18 months after the listing date 1/4 of your remaining escrow securities ------------------------------------------------------------------------------------------------------------------- 24 months after the listing date 1/3 of your remaining escrow securities ------------------------------------------------------------------------------------------------------------------- 30 months after the listing date 1/2 of your remaining escrow securities ------------------------------------------------------------------------------------------------------------------- 36 months after the listing date your remaining escrow securities ------------------------------------------------------------------------------------------------------------------- * In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
Sample 1
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: On November 21, 2020, six months following the date the Issuer’s securities are listed on a Canadian exchange (the initial release date) 1/2 of your escrow securities Thirty (30) days after the initial release date 1/10 of your escrow securities Sixty (60) days after the initial release date 1/10 of your escrow securities Ninety days (90) after the initial release date 1/10 of your escrow securities One hundred and twenty (120) days after the initial release date 1/10 of your escrow securities One hundred and fifty (150) days after the initial release date 1/10 of your escrow securities *In the simplest case, where there are no changes to the escrow securities initially deposited and no additional escrow securities, then the release schedule outlined above results in the escrow securities being as to 50% on the initial release date and an additional 10% every 30 days thereafter
Sample 1
If there is a permitted secondary offering. (1) If the Issuer is an established issuer and you have sold in a permitted secondary offering 25% or more of your escrow securities, your escrow securities will be released as follows: ------------------------------------------------------------------------------------------------------------------- For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering -------------------------------------------------------------------------------------------------------------------
Sample 1
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If there is a permitted secondary offering a Canadian
Sample 1

Related to If there is a permitted secondary offering

  • Subsidiary Public Offering If, after an initial Public Offering of the common equity securities of one of its Subsidiaries, the Company distributes securities of such Subsidiary to its equityholders, then the rights and obligations of the Company pursuant to this Agreement will apply, mutatis mutandis, to such Subsidiary, and the Company will cause such Subsidiary to comply with such Subsidiary’s obligations under this Agreement as if it were the Company hereunder.

  • Public Offering The Company is advised by you that the Underwriters propose to make a public offering of their respective portions of the Securities as soon after the Registration Statement and this Agreement have become effective as in your judgment is advisable. The Company is further advised by you that the Securities are to be offered to the public upon the terms set forth in the Prospectus.

  • Public Offering of the Securities The Representatives hereby advise the Company that the Underwriters intend to offer for sale to the public, as described in the Disclosure Package and the Prospectus, their respective portions of the Securities as soon after the Execution Time as the Representatives, in their sole judgment, have determined is advisable and practicable.

  • Underwritten Shelf Takedown At any time and from time to time after a Resale Shelf Registration Statement has been declared effective by the Commission, the Holders may request to sell all or any portion of the Registrable Securities in an underwritten offering that is registered pursuant to the Resale Shelf Registration Statement (each, an “Underwritten Shelf Takedown”); provided, however, that the Company shall only be obligated to effect an Underwritten Shelf Takedown if such offering shall include securities with a total offering price (including piggyback securities and before deduction of underwriting discounts) reasonably expected to exceed, in the aggregate, $10,000,000. All requests for Underwritten Shelf Takedowns shall be made by giving written notice to the Company at least ten (10) days prior to the public announcement of such Underwritten Shelf Takedown, which shall specify the approximate number of Registrable Securities proposed to be sold in the Underwritten Shelf Takedown and the expected price range (net of underwriting discounts and commissions) of such Underwritten Shelf Takedown. The Company shall include in any Underwritten Shelf Takedown the securities requested to be included by any Holder (each a “Takedown Requesting Holder”) at least 48 hours prior to the public announcement of such Underwritten Shelf Takedown pursuant to written contractual piggyback registration rights of such Holder (including those set forth herein). All such Holders proposing to distribute their Registrable Securities through an Underwritten Shelf Takedown under this subsection 2.3.5 shall enter into an underwriting agreement in customary form with the Underwriter(s) selected for such Underwritten Offering by the majority-in-interest of the Takedown Requesting Holders initiating the Underwritten Shelf Takedown.

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