Offering Term Clause Samples
The Offering Term clause defines the specific period during which an offer remains valid and open for acceptance. Typically, it sets clear start and end dates or conditions under which the offer will expire, such as a 30-day window from the date of issuance. This clause ensures both parties understand the timeframe for acceptance, preventing misunderstandings and providing certainty about when contractual obligations may arise.
Offering Term. The Certificate Services are sold either on a unit basis (per Certificate) or on a subscription basis. Signing Services and Dedicated CAs are sold on a subscription basis. The Offering Term will commence on the earliest of either the date that Entrust enables the Management Account for Customer’s use, or the date that Customer is issued one or more Certificate(s). Unless otherwise specified on the Order, the Offering Term will continue in effect either: (i) for each Certificate purchased on a unit basis, for 365 days if the Certificate remains unissued, or for the validity period of the Certificate if it is issued; or (ii) for Hosted Services purchased on subscription basis, for the period stated in the Order. With respect to Time- stamping Services made available in connection with Certificate Services, the Offering Term will be the same as the Offering Term for the connected Certificate Services. In any case, the Offering Term may end earlier, upon termination of the Agreement in accordance with its terms.
Offering Term. The subscription period for the Offering will begin as of August 1, 2009 and will terminate upon the earliest to occur of (a) September 15, 2009, unless extended by the Company, (b) the Company’s acceptance of subscriptions for not less than $700,000.00 of Shares and the receipt of payment therefore, or (c) the Company’s decision to terminate the Offering sooner.
Offering Term. (a) The Company may sell to the Purchaser and Other Purchasers in the Offering all or a portion of the Common Shares subscribed for by them in accordance with the terms and conditions of this Subscription Agreement and Other Subscription Agreements. The Offering will terminate on December 31, 2014 (which may be extended by the Company up to March 31, 2015 if the closing under the Acquisition Agreement is so extended) or such earlier date that the Company notifies the Purchaser in writing that the Acquisition Agreement has been terminated (the “Expiration Date”).
(b) The Company shall notify and confirm to the Purchaser in writing by delivery of a notice (the "Disbursement Notice") that a Disbursement Event (as defined below) has occurred and confirm all conditions to the Closing set forth in Article IV have been satisfied (or are anticipated to be satisfied at Closing) or waived, notice of the closing date of the Acquisition, and setting the Closing Date (as defined below) no earlier than 5 Business Days from the delivery of the Disbursement Notice. At the Closing (as defined below), the Purchaser shall deliver the Purchase Price to the Company by wire transfer of immediately available funds to the account designated in such notice by the Company and the Company shall effect the deliveries set forth in Section 1.2(c) below. The release of funds to the Company and the concurrent issuance of Contingent Shares to the Purchaser shall occur immediately prior to the closing of the Acquisition, and is referred to herein as the “Closing” and the date of such Closing is referred to herein as the “Closing Date.”
Offering Term. The subscription period for the Offering will begin as of June 12, 2006, and will terminate upon the occurrence of the earlier of (a) the 90th day thereafter, unless extended by the Company and the Placement Agent for up to two successive 30-day periods, or (b) the Company’s acceptance of subscriptions for 7,000,000 shares of Common Stock (or, if the Placement Agent requests the Company to offer and sell the over-subscription Shares, 8,050,000 shares of Common Stock) offered and the receipt of payment therefor.
Offering Term. The subscription period for the Offering will begin as of the date of the Memorandum, and will terminate upon the occurrence of the earlier of (a) the 30th day thereafter, unless extended by the Company and the Placement Agent for up to two successive 30-day periods, or (b) the Company’s acceptance of subscriptions for 3,000,000 Shares offered and the receipt of payment therefor.
Offering Term. The subscription period for the Offering will begin as of July 11, 2006, and will terminate upon the occurrence of the earlier of (a) 11:59 p.m., Pacific Standard Time, on Monday, July 31, 2006, unless extended by the Company and the Placement Agent for up to two additional one-week periods, or (b) the Company’s acceptance of subscriptions for $45,000,000 in Securities (or, if the Placement Agent requests the Company to offer and sell the over-subscription Securities, $51,750,000 in Securities) offered and the receipt of payment therefor.
Offering Term. The subscription period for the Offering will begin as of July 27, 2006, and will terminate upon the occurrence of the earlier of (a) the October 21, 2006, unless extended by the Company for up to two successive 30-day periods, or (b) the Company’s acceptance of subscriptions for 120 Units and the receipt of payment therefor (the “Termination Date”). If the Company elects to extend the Offering period beyond October 21, 2006 and subscriptions of at least $2,500,000 of Units are not received and accepted by the Company by such date, the Company shall provide all prospective subscribers notice of its intention to so extend the offer and provide such subscribers with the opportunity to have all of such subscriber’s funds on deposit with the Escrow Agent returned, without interest or deduction.