Additional Securities definition
Examples of Additional Securities in a sentence
The Subscription Notice shall identify the Additional Securities to be acquired (unless such Additional Securities are a precise replication of the then existing portfolio) and shall either (i) specify the quantity of Additional Securities to be deposited by the Depositor on the settlement date for such subscription or (ii) instruct the Trustee to purchase Additional Securities with an aggregate cost as specified in the Subscription Notice.
In addition, the Company hereby grants to the Lead Underwriter the Over-Allotment Option to purchase, and upon the basis of the representations and warranties and subject to the terms and conditions set forth herein, the Lead Underwriter shall have the right to purchase, severally and not jointly, from the Company, all or a portion of the Additional Securities as may be necessary to cover over-allotments made in connection with the offering of the Firm Securities.
The Firm Securities and Additional Securities shall be registered in such names and denominations as the Lead Underwriter shall have requested at least one (1) full business day prior to the Closing Date or Option Closing Date, as applicable.
For the period from the date of this Agreement and to and including the Closing Date and, with respect to the Additional Securities, to and including each Option Closing Date, in the judgment of the Lead Underwriter, acting reasonably, there shall not have occurred any Material Adverse Effect.
Upon exercise of the Over-Allotment Option, the Company will become obligated to convey to the Lead Underwriter, and, subject to the terms and conditions set forth herein, the Lead Underwriter will become obligated to purchase the number of Additional Securities specified in such Notice of Exercise.