Initial Purchasers’ Option definition

Initial Purchasers’ Option has the meaning specified in Section 3.1.

Initial Purchasers’ Option means the option granted by the Company to the Initial Purchasers to purchase up to $5,000,000 aggregate principal amount of Notes pursuant to the Purchase Agreement.

Initial Purchasers’ Option shall have the meaning set forth in Section 6.2 hereof.

Examples of Initial Purchasers’ Option in a sentence

• The Securities are general unsecured obligations of the Company limited to $300,000,000 in aggregate principal amount ($360,000,000 if the Initial Purchasers’ Option is exercised in full).

• Initial Purchasers’ Option to Purchase Additional Notes: $18,750,000 aggregate principal amount of Notes.

• Initial Purchasers’ Option to Purchase Additional Notes to Cover Over-Allotments: $15,000,000 aggregate principal amount of notes Interest Rate: The notes will bear interest at a rate equal to 3.75% per annum from March 24, 2014.

• Initial Purchasers’ Option to Purchase Additional Notes: $30,000,000 aggregate principal amount of Notes Interest Rate: The Notes will bear interest at a rate equal to 5.00% per year from July 31, 2017.

• The aggregate principal amount of the Global Security may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary, as hereinafter provided; provided, that in no event shall the aggregate principal amount of the Global Security or Securities exceed $125,000,000 (or $150,000,000 if the Initial Purchasers elect to purchase Additional Securities pursuant to the Initial Purchasers’ Option provided for in the Purchase Agreement).

More Definitions of Initial Purchasers’ Option

Initial Purchasers’ Option means the remaining option to purchase up to $15,000,000 additional aggregate principal amount of Notes granted to the Initial Purchaser pursuant to the Purchase Agreement dated as of March 28, 2022 among the Parent, the Issuers, the Manager and the Initial Purchaser relating to the initial offering of the Notes.

Initial Purchasers’ Option means the option granted by the Company to the Initial Purchasers to purchase up to $20,000,000 aggregate principal amount of Notes pursuant to the Purchase Agreement.

Initial Purchasers’ Option means the Initial Purchaser’s option to acquire up to $26,250,000 aggregate principal amount of Additional Securities as provided for in the Purchase Agreement.

Initial Purchasers’ Option means the right given to the Initial Purchasers pursuant to the Purchase Agreement to purchase at their election up to $50,000,000 in aggregate principal amount of Debentures.

Initial Purchasers’ Option means the remaining option to purchase up to $11,000,000 additional aggregate principal amount of Notes granted to the Initial Purchaser pursuant to the Purchase Agreement dated as of August 23, 2022 among the Issuer, the Parent Guarantor, the GP Guarantor, the Subsidiary Guarantor, the Manager and the Initial Purchaser relating to the initial offering of the Notes.

Initial Purchasers’ Option means the option to purchase additional Notes granted to the initial purchasers pursuant to the purchase agreement relating to the initial offering and sale of the Notes.

Initial Purchasers’ Option. The option granted by the Company to the Initial Purchaser in the Purchase Agreement to purchase up to 630,000 Series A Preferred Shares.