Common Share Offering definition
Examples of Common Share Offering in a sentence
Notwithstanding anything to the contrary in this Agreement, the Common Share Offering Price shall be reduced by the per share amount of any dividend (other than a dividend payable solely in Common Shares) declared with respect to the Common Shares by the Company for which the record date occurs on or after the date hereof but before Closing.
The Common Share Offering Price and number of Common Shares to be purchased by a Purchaser hereunder shall be adjusted to reflect any stock split, stock dividend, reverse stock split, or share combination for which the record date occurs after the date hereof and prior to Closing.
For the purposes of the payment of these fees in Common Shares, prior to the NAV Pricing Start Date, if an Offering is underway, each Common Share will be valued at the per Common Share Offering price minus the maximum Selling Commission and Dealer Manager Fee allowed in the Offering.
AGO intends to use the remaining net proceeds from the Common Share Offering and the net proceeds from the Equity Units Offering to pay cash in lieu of Assured common shares, including Excess Shares, that AGO would otherwise deliver as part of the purchase price for the Acquisition.
The Company is not prohibited from making and, after giving effect to the issuance to the Purchasers of the Purchased Shares and the receipt by the Company of the aggregate Common Share Offering Price therefor from the Purchasers will have sufficient available unrestricted cash or other available liquidity to make, such repurchase.
Use of Proceeds: AGO intends to use $363.8 million of the net proceeds of the concurrent Common Share Offering to pay the cash purchase price for the Acquisition.
Subject to the terms and conditions hereof, at the Closing, each Purchaser hereby agrees to purchase from the Company the number of Common Shares such that, when multiplying the number of Common Shares by the Common Share Offering Price, the result is equal to the amount under the “Committed Common Share Amount” column set forth opposite such Purchaser’s name on Schedule A, with any fractional Common Shares being rounded to the nearest whole number of Common Shares (collectively, the “Purchased Shares”).