Examples of Acceptance Option in a sentence
Assumes no Participating Preferred Trust Units are issued at the lower prices pursuant to the exercise of the Subscription Acceptance Option.
Pursuant to the Subscription Acceptance Option, the Administrator will have the discretion to accept subscriptions at the lower issue price even though the pricing thresholds set out above are exceeded, in circumstances where subscriptions have previously been submitted but were not processed prior to the threshold being exceeded.
If the Subscription Acceptance Option were exercised in full, the total number of Participating Preferred Trust Units outstanding after the maximum offering would be 283,007.
In addition to the Subscription Acceptance Option, the Administrator will also have the discretion to accept orders for Participating Preferred Trust Units at any of the applicable prices beyond the 25% thresholds described above if in the opinion of the Administrator it is advantageous to the Trust to do so.
Before exercise of the Subscription Acceptance Option (as defined herein).
Liability in the Absence of Acceptance: Option Contracts, Offeree Reliance, and Statutory Limitations on Revocation265 1.
If the Subscription Acceptance Option were exercised in full, a total of 66,000 Participating Preferred Trust Units would be issued at $100, 29,999 Participating Preferred Trust Units would be issued at $110 and 16,273 Participating Preferred Trust Units would be issued at $120, and the Gross Proceeds and Available Funds would be$11,852,650 and $9,767,650, respectively.
The Trust will invest all the Gross Proceeds in the Partnership by acquiring up to 226,406 LP Units (or up to 283,007 LP Units if the Subscription Acceptance Option is exercised) at prices equal to the proceeds from the sale of the Participating Preferred Trust Units.
If the Subscription Acceptance Option were exercised in full, a total of 104,166 Participating Preferred Trust Units would be issued at $90, 62,500 Participating Preferred Trust Units would be issued at $100, 59,524 Participating Preferred Trust Units would be issued at $105 and 56,817 Participating Preferred Trust Units would be issued at $110, for a total of 283,007 Participating Preferred Trust Units, and the Gross Proceeds and Available Funds would be $28,125,000 and$23,950,000, respectively.
Over 90% of members investments by value are held in the LifePath funds.