Offering Minimum definition
Examples of Offering Minimum in a sentence
Following the Closing, MDB Capital Group LLC ("MDB") shall use its best efforts to arrange for an additional purchase or series of purchases of Common Stock (the "Subsequent Offering") with an aggregate purchase price of not less than $1,649,608 (the "Subsequent Offering Minimum"), it being the intent of the parties that the total equity investment by all purchasers (including Purchaser) in the Offering and the Subsequent Offering be an aggregate amount not less than $3,399,608.
Subject only to the preconditions to Closing set forth in Article IV of this Agreement, the Purchaser hereby unconditionally obligates itself to subscribe for, acquire and purchase the number of Shares which, when multiplied by the Purchase Price, equals: The positive difference, if any, remaining after the Subscription Amount is subtracted from the Offering Minimum.
Notwithstanding the foregoing, the Company is not obligated to effect a Requested Underwritten Offering within 90 days after the closing of a Requested Underwritten Offering, unless as a result of Section 2(d), the prior Requested Underwritten Offering failed to satisfy the Requested Underwritten Offering Minimum Condition.
Subject only to the preconditions to Closing set forth in Article IV of this Agreement, MEEMIC Holdings hereby grants to the Purchaser the right to subscribe for, acquire and purchase the number of Shares which, when multiplied by the Purchase Price, equals: The positive difference, if any, remaining after the greater of (i) the Subscription Amount or (ii) the Offering Minimum is subtracted from the Offering Maximum.
Any Commitment Party that has exercised a termination right with respect to itself under the PSA will be entitled to participate in the Rights Offering for its pro rata share notwithstanding the termination of this Agreement with respect to that Commitment Party; provided that, notwithstanding the foregoing, the Rights Offering Minimum Threshold shall be $27 million.
Notwithstanding the foregoing, the Company is not obligated to effect a Requested Underwritten Offering within 90 days after the closing of a Requested Underwritten Offering, unless as a result of Section 2(e), the prior Requested Underwritten Offering failed to satisfy the Requested Underwritten Offering Minimum Condition.
Offering: Minimum — $350,000 aggregate principal amount of Notes.
If subscriptions for a number of Units equal to or in excess of the Offering Minimum shall not have been received and accepted by the Fund by the conclusion of the Offering Period, then each subscriber shall have returned to such subscriber one hundred percent (100%) of the subscriber’s subscription within fifteen (15) days following the termination of the offering, plus any interest accrued thereon (pro rata, taking in account the amount and the time of deposit).
If the Offering Minimum (as defined below) is not reached, there are no Portal Fees because there can be no Closing.
If subscriptions for the Offering Minimum are not received by IAI on or before the Termination Date, all subscription funds will be returned to subscribers without interest.