First Units definition

First Units has the meaning set out in the Parent Articles of Incorporation.

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First Units means the First Units which may be issued upon a redemption of the First Preferred Shares.

First Units means the first units of the Corporation to be issued pursuant to that certain First Unit Indenture dated the date hereof between the Corporation and the Trustee as trustee thereunder;

Examples of First Units in a sentence

• Delivery of the First Units against payment therefor shall take place at the offices of ▇.▇.

• No Option Units shall be delivered unless all First Units shall have been delivered to the Underwriter as provided herein.

• The Option granted hereunder may be exercised only to cover overallotments in the sale by the Underwriter of First Units referred to in subsection (a) above.

• If such remaining Underwriters do not, at the First Closing Date, take up and pay for the First Units which the defaulting Underwriter or Underwriters agreed but failed to purchase, the time for delivery of the First Units shall be extended to the next business day to allow the several Underwriters the privilege of substituting within twenty-four hours (including nonbusiness hours) another underwriter or underwriters satisfactory to the Company.

• If no such underwriter or underwriters shall have been substituted as aforesaid, within such twenty-four hour period, the time of delivery of the First Units may, at the option of the Company, be again extended to the next following business day, if necessary, to allow the Company the privilege of finding within twenty-four hours (including nonbusiness hours) another underwriter or underwriters to purchase the First Units which the defaulting Underwriter or Underwriters agreed but failed to purchase.

• The option granted hereunder may be exercised only to cover over-allotments in the sale by the Underwriter of First Units referred to in subsection (a) above.

• Delivery of the First Units against payment therefor shall take place at the offices of D.H. ▇▇▇▇▇ ▇▇▇estment Banking Corp., 44 W▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇.▇.

• The number of Option Units to be purchased by each Underwriter, if any, shall bear the same percentage to the total number of Option Units being purchased by the several Underwriters pursuant to this subsection (b) as the number of Units such Underwriter is purchasing bears to the total number of the First Units being purchased pursuant to subsection (a) of this Section 2, as adjusted, in each case by the Representative in such manner as the Representative may deem appropriate.

• If in the event of a default by one or more Underwriters and the remaining Underwriters shall not take up and pay for all the First Units agreed to be purchased by the defaulting Underwriters or substitute another underwriter or underwriters as aforesaid, the Company shall not find or shall not elect to seek another underwriter or underwriters for such First Units as aforesaid, then this Agreement shall terminate.

• The Option granted hereunder may be exercised only to cover over-allotments in the sale by the Underwriter of First Units referred to in subsection (a) above.

More Definitions of First Units

First Units means a unit of the Company, comprised of one Common Share and one First Offering Warrant.