First Round Offer definition

First Round Offer. The initial offer under IPA’s Renewal Offer offering to each Original Purchaser the renewal, in whole or in part, of its Original Purchaser Entitlements as provided in Section 26.2.
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Examples of First Round Offer in a sentence

  • The offer made by IPA pursuant to Section 33 of the Original Power Sales Contracts to each of the Original Purchasers to renew their Original Purchaser Entitlements and any offers of Orphan Original Purchaser Entitlements thereafter made by IPA to Committed Original Purchasers in accordance with the terms and provisions set forth in Section 26 of the Renewal Power Sales Contracts and consisting of the First Round Offer, the Second Round Offer, if necessary, and the Final Offer, if necessary.

  • The letter by IPA that makes the First Round Offer, the Second Round Offer, if necessary, or the Final Offer, if necessary, as the case may be.

  • The First Round Offer Acceptance Date on which this Contract shall be executed and delivered by or on behalf of IPA and Purchaser and all Regulatory Contract Approvals have been obtained by Purchaser and IPA, respectively, and Purchaser and IPA have each provided the legal opinions as set forth in Section 25.3.

  • The Original Purchaser Entitlements as to which, prior to the First Round Offer Acceptance Date, there has not been an Offer Acceptance.

  • Ideally, PopEd programmes should have a close working relationship with youth-friendly services for young people.

  • Metminco has exercised its pre-emption rights entitlement under the First Round Offer in full to acquire 36,443,942 fully paid ordinary shares in Hampton (Hampton Shares) for consideration of US$6,586,878.08 in cash and by the issue of 72,887,884 fully paid shares in Metminco to JIC.

  • If no other Hampton shareholder exercises their pre- emptive rights under the First Round Offer then Metminco interest’s in Hampton will increase to approximately 69%.

  • Subject to the extent to which other Hampton shareholders exercise their pre-emptive rights entitlements under the First Round Offer in respect of the JIC Shares, Metminco may acquire further Hampton Shares either by way of a second round offer to Hampton shareholders and/or by completion of the agreement with JIC.

  • Dan Anderson explained about the IPP First Round Offer to participate in the allocation of Orphaned Shares.

  • First Round Offer: IPA hereby offers to Purchaser participation, commencing on June 16, 2027 (or such later date following termination of the Original Power Sales Contract that occurs pursuant to Section 26.1 thereof), in the rights and benefits of the Project in proportion to Purchaser’s Original Purchaser Entitlements.

Related to First Round Offer

  • Subsequent Financing Notice shall have the meaning ascribed to such term in Section 4.12(b).

  • Subsequent Financing shall have the meaning ascribed to such term in Section 4.12(a).

  • Permitted Offer An Offer (i) pursuant to the terms of which the offeror offers to acquire a debt obligation (including a Collateral Obligation) in exchange for consideration consisting solely of Cash in an amount equal to or greater than the full face amount of such debt obligation plus any accrued and unpaid interest and (ii) as to which the Collateral Manager has determined in its reasonable commercial judgment that the offeror has sufficient access to financing to consummate the Offer.

  • First Offer Period has the meaning set forth in Section 13.5.

  • First Offer Notice shall have the meaning set forth in Section 14.4(a).

  • Purchase Offer shall have the meaning assigned to such term in Section 2.25(a).

  • Initial Offer Period means the period determined by the Directors during which Shares of any class are offered by the ICAV for purchase or subscription at the Initial Price.

  • Shelf Offering Notice has the meaning set forth in Section 1(d)(i).

  • Initial Offer Price means the initial price payable for a Share as specified in the relevant Supplement for each Fund.

  • Tender Offer means a takeover offer, tender offer, exchange offer, solicitation, proposal or other event by any entity or person that results in such entity or person purchasing, or otherwise obtaining or having the right to obtain, by conversion or other means, greater than 10 per cent. and less than 100 per cent. of the outstanding voting shares of the Share Company, as determined by the Determination Agent, based upon the making of filings with governmental or self-regulatory agencies or such other information as the Determination Agent deems relevant.

  • Last best offer package means the offer exchanged by parties not less than 14 days prior

  • Minimum Offering Notice means a written notification, signed by Broker, pursuant to which the Broker shall represent (1) that subscriptions for the Minimum Offering have been received, (2) that, to the best of Broker’s knowledge after due inquiry and review of its records, Cash Investment Instruments in full payment for that number of Shares equal to or greater than the Minimum Offering have been received, deposited with and collected by NCPS, (3) and that such subscriptions have not been withdrawn, rejected or otherwise terminated, and (4) that the Subscribers have no statutory or regulatory rights of rescission without cause or all such rights have expired.

  • First Offer has the meaning set forth in Section 3.9(e)(1) or Section 11.1(b)(i), as applicable.

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • Initial Offer means the initial offer of Participating Shares in a Fund as set out in the applicable Supplement;

  • Rights Offering Shares means, collectively, the shares of New Common Stock issued in the Rights Offering.

  • Offering Notice shall have the meaning set out in Section 3.1;

  • Sell or Offer to Sell means to: • sell, offer to sell, contract to sell or lend, • effect any short sale or establish or increase a Put Equivalent Position or liquidate or decrease any Call Equivalent Position • pledge, hypothecate or grant any security interest in, or • in any other way transfer or dispose of, in each case whether effected directly or indirectly.

  • Qualifying Public Offering means a firm commitment underwritten public offering of Stock for cash where the shares of Stock registered under the Securities Act are listed on a national securities exchange.

  • Put Right has the meaning set forth in Section 8.05(a).

  • Repurchase Offer shall have the meaning specified in Section 11.1(b).

  • Market/Offer Price means the highest of (i) the price per share of Common Stock at which a tender or exchange offer therefor has been made, (ii) the price per share of Common Stock to be paid by any third party pursuant to an agreement with Issuer, (iii) the highest closing price for shares of Common Stock within the six-month period immediately preceding the date the Holder gives notice of the required repurchase of this Option or the Owner gives notice of the required repurchase of Option Shares, as the case may be, or (iv) in the event of a sale of all or any substantial part of Issuer's assets or deposits, the sum of the net price paid in such sale for such assets or deposits and the current market value of the remaining net assets of Issuer as determined by a nationally recognized investment banking firm selected by the Holder or the Owner, as the case may be, and reasonably acceptable to Issuer, divided by the number of shares of Common Stock of Issuer outstanding at the time of such sale. In determining the market/offer price, the value of consideration other than cash shall be determined by a nationally recognized investment banking firm selected by the Holder or Owner, as the case may be, and reasonably acceptable to Issuer.

  • Company Sale means a transaction with a third Person that is not an Affiliate of the Company or group of third Persons that, acting in concert, do not collectively constitute Affiliates of the Company, pursuant to which such Person or Persons acquire, in any single transaction or series of related transactions, (i) all of the outstanding Equity Securities of the Company, (ii) all or substantially all of the assets of the Company and its Subsidiaries or (iii) Equity Securities of the Company authorized and issued following the Effective Date and possessing the power to elect or appoint a majority of the Board of Directors (or any similar governing body of any surviving or resulting Person).

  • ROFR means a right of first refusal to purchase or a right of first offer to purchase one or more of the Mortgaged Properties pursuant to a recorded instrument (or a memorandum thereof) encumbering the applicable Mortgaged Property.

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Fund, at a Redemption Price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a period of six months during which such VRDP Shares cannot be successfully remarketed (i.e., a Failed Remarketing Condition--Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Fund on a first-in, first-out basis, in accordance with and subject to the provisions of the VRDP Fee Agreement and this Statement.

  • Offer Notice shall have the meaning set forth in Section 4.1.