Examples of Closing Securities in a sentence
In the event that the default addressed in Section 6.1 relates to more than ten percent (10%) of the Closing Securities or applicable Option Securities, the Representative may in its discretion arrange for itself or for another party or parties to purchase such Closing Securities or Option Securities to which such default relates on the terms contained herein.
If, within one (1) Business Day after such default relating to more than ten percent (10%) of the Closing Securities or Option Securities, the Representative do not arrange for the purchase of such Closing Securities or Option Securities, then the Company shall be entitled to a further period of one (1) Business Day within which to procure another party or parties satisfactory to you to purchase said Closing Securities or Option Securities on such terms.
The term “Underwriter” as used in this Agreement shall include any party substituted under this Section 6 with like effect as if it had originally been a party to this Agreement with respect to such Closing Securities or Option Securities.