Common use of IPO Allocation Clause in Contracts

IPO Allocation. The Equity Holders agree that in connection with the Initial Public Offering and subject to the terms of that certain Underwriting Agreement, dated July ___, 2005 with Credit Suisse First Boston LLC and Citigroup Global Markets, Inc., (i) Spectrum will be entitled to include 6,444,444 of their shares of Common Stock of CCIH in the shares to be sold by the selling stockholders in the Initial Public Offering, and (ii) Providence will be entitled to sell 3,222,222 of the remaining shares of Common Stock of CCIH to be sold by the selling stockholders in the Initial Public Offering. In the event that the applicable underwriters exercise their overallotment option to purchase additional shares in the Initial Public Offering, (i) Spectrum and Providence will be entitled to sell, on a pro rata basis, 1,059,379 shares and 529,778 shares, respectively, of Common Stock of CCIH sold upon exercise of the underwriters’ overallotment option, (ii) following the sale of Common Stock of CCIH by Providence and Spectrum, Management will be entitled to sell, on a pro rata basis, 84,310 of their vested shares of restricted Common Stock outstanding under the Homebase LLC Restricted Share Plan sold upon the exercise of the underwriters’ overallotment option; and (iii) following the sale of Common Stock of CCIH by Providence, Spectrum and Management, CIT will be entitled to sell the 676,355 shares of Common Stock of CCIH sold upon exercise of the underwriters’ overallotment option.

Appears in 1 contract

Sources: Reorganization Agreement (Consolidated Communications Illinois Holdings, Inc.)

IPO Allocation. The Equity Holders agree that in connection with the Initial Public Offering and subject to the terms of that certain Underwriting Agreement, dated July ___21, 2005 with Credit Suisse First Boston LLC and Citigroup Global Markets, Inc.Inc. (the “Underwriting Agreement”), (i) Spectrum will be entitled to include 6,444,444 of their shares of Common Stock of CCIH in the shares to be sold by the selling stockholders in the Initial Public Offering, and (ii) Providence will be entitled to sell 3,222,222 of the remaining shares of Common Stock of CCIH to be sold by the selling stockholders in the Initial Public Offering. In the event that the applicable underwriters exercise their overallotment option to purchase additional shares in the Initial Public Offering, (i) Spectrum and Providence will be entitled to sell, on a pro rata basis, 1,059,379 1,120,316 shares and 529,778 560,158 shares, respectively, of Common Stock of CCIH sold upon exercise of the underwriters’ overallotment option, (ii) following the sale of Common Stock of CCIH by Providence and Spectrum, Management will be entitled to sell, on a pro rata basis, 84,310 83,978 of their vested shares of restricted Common Stock outstanding under the Homebase LLC Restricted Share Plan sold upon the exercise of the underwriters’ overallotment option; and (iii) following the sale of Common Stock of CCIH by Providence, Spectrum and Management, CIT will be entitled to sell the 676,355 585,548 shares of Common Stock of CCIH sold upon exercise of the underwriters’ overallotment option.

Appears in 1 contract

Sources: Reorganization Agreement (Consolidated Communications Holdings, Inc.)