Subscription Allocation Clause Samples
The Subscription Allocation clause defines how available shares or units in a subscription offering are distributed among interested investors. Typically, this clause outlines the process for handling oversubscription, such as allocating shares on a pro-rata basis or prioritizing certain investors, and may set limits on the maximum or minimum allocation per subscriber. Its core function is to ensure a fair and transparent method for distributing limited investment opportunities, thereby preventing disputes and clarifying expectations among participants.
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Subscription Allocation. The Company is offering to each registered holder (each a “Shareholder”) of shares of Company common stock, no par value (“Shares”) the opportunity to subscribe to and purchase their respective pro rata percentage (“Allocation”) of a total of 7,370,609 Shares (the “Subscription Shares”) at a price of $1.54 per Share (the “Subscription Price”). A Shareholder’s Allocation shall be the total number of Subscription Shares multiplied by the percentage determined by dividing (A) the total number of Shares owned of record by the Shareholder immediately before the Subscription Offer, by (B) the total number of Shares owned by all Shareholders in the aggregate immediately before the Subscription Offer. BioTime, Inc. 73.56% 5,421,714
Subscription Allocation. Proposals with solar gardens that are already partially subscribed or that have a total capacity of 5 MW to that of less than 1 MW will be considered. Because the City’s desired subscription size will be determined based on proposals received, the City may subscribe to multiple gardens.
Subscription Allocation. 2.1 Subject to the Customer purchasing the Subscription Allocation in accordance with these Terms, the restrictions set out in this Section 2 and the other terms and conditions of this Agreement, CybSafe grants to the Customer a non-exclusive, non-transferable right to permit the Authorised Users to use the Services in accordance with the Documentation during the Subscription Term and any Renewal Period solely for the Customer's (and it’s Affliates) internal business operations, based on the analysis, monitoring or processing of data from the Customer’s own Authorised Users, systems, networks, and devices. This includes the right, as part of the Customer’s authorised use of the Services, to download and use any mobile applications associated with the Services which are made available by CybSafe to the Customer for use in connection with the Services.
2.2 The Customer shall ensure that the maximum number of Authorised Users that the Customer authorises to access and use the Services shall not exceed the number of Licences it has purchased from time to time. The Customer will not allow any Licence to be used by more than one individual Authorised User unless it has been reassigned in its entirety to another individual Authorised User, in which case the prior Authorised User will no longer have any right to access or use the Services.
2.3 Except to the extent specified in the Order, Authorised Users may include employees, agents and independent contractors of an Affliate of the Customer. If an Affliate wishes to have its own account for the Services or wishes to be billed separately for use of the Services, this will require a separate Order to be agreed between CybSafe and the Affliate.
Subscription Allocation