Intermediate definition
Examples of Intermediate in a sentence
On or before each of the First Closing Date and each Option Closing Date, the Underwriters shall have received such other documents and certificates as the Representatives may reasonably request, including with respect to the good standing of the Company, Forgent Intermediate and their respective subsidiaries and the due authorization and issuance of the Shares and other matters related to the issuance of such Shares.
This Agreement has been duly authorized, executed and delivered by the Company and Forgent Intermediate.
In addition, the Company will direct the transfer agent to place stop transfer restrictions upon any such securities of the Company and Forgent Intermediate that are bound by such “lock-up” agreements for the duration of the periods contemplated in such agreements, including, without limitation, “lock-up” agreements entered into by the Company’s officers and directors and securityholders pursuant to Section 6(j) hereof.
The Company and Forgent Intermediate shall apply the net proceeds from the sale of the Offered Shares sold by it in the manner described under the caption “Use of Proceeds” in the Registration Statement, the Time of Sale Prospectus and the Prospectus.
To the extent the underwriters in the IPO exercise the Over-Allotment Option in whole or in part, the Corporation will contribute the Option Net Proceeds to Intermediate, which will contribute the Option Net Proceeds received from the Corporation to the Company as a Capital Contribution in exchange for Common Units, and the Company will use such Option Net Proceeds to effect the Option Unit Redemption.