Institutional Offering definition
Examples of Institutional Offering in a sentence
Shares may also be sold in the Community Offering by a syndicate of broker-dealers (the "Syndicated Offering") and if necessary to institutional investors in an Institutional Offering (the "Institutional Offering" and together with the Direct Community Offering, and the Syndicated Offering, the "Offering").
In the event that such Shares are not subscribed by Non-Institutional Investors within the scope of the Retail Offering, these Shares shall be set aside for the Institutional Offering.
If more than one security is sold in the Institutional Offering, then the Holder may, subject to and with the consent of the Institutional Investors, convert the Convertible Debenture (in integral multiples of $100,000) into each such security.
The Holder may elect to convert all or part (but in any event in integral multiples of $100,000 of the Convertible Debenture) into a like amount of the securities offered in the Institutional Offering.
Each and any order received from Shareholders and Non-Institutional Investors who are Related Persons within the scope of the Institutional Offering shall be cancelled by the Arrangers in the event of excess demand greater than one third of the number of offered Common Shares, including Additional Shares, without taking into consideration the exercise of the Over-allotment Share options, pursuant to Article 55 of CVM Instruction 400.
In the event that that all Shareholders exercise their priority right for the subscription of the Priority Offering Shares, the totality of the Shares offered (without considering Supplemental Shares and Additional Shares) will be destined exclusively to the Priority Offering, in such a manner that the Retail Offering and Institutional Offering may not be fulfilled.
Any conversion upon exercise of the Institutional Conversion Right shall be subject to consummation of the Institutional Offering.
If the Holder so elects to convert all or part of the Convertible Debenture, then, subject to and with the consent of the Institutional Investors, the Convertible Debenture (based on the outstanding principal amount shall be converted into the securities) sold to the Institutional Investors in the Institutional Offering.
The Common Shares not allocated to the Priority offering and the Retail Offering shall be used for public distribution in the Institutional Offering.
As soon as practicable but in any event not less than five (5) business days prior to the proposed closing date of the Institutional Offering, the Company shall give notice to the Holder of the proposed terms and closing date of the Institutional Offering.