Over-Allotment definition
Over-Allotment in relation to an offer, means the allotment or sale of a number of the relevant securities in excess of the number of the securities available for subscription or purchase under the offer.
Over-Allotment shall have the meaning set forth in the Subscription Agreement.
Over-Allotment. In addition, upon written notice from the Representative[s] given to the Company from time to time not more than 30 days subsequent to the date hereof, the Underwriters may purchase up to $ additional principal amount of the Offered Securities (the "Optional Securities") at the purchase price. The Company agrees to sell to the Underwriters the Optional Securities, and the Underwriters agree, severally and not jointly, to purchase such Optional Securities. Such Optional Securities shall be purchased for the account of each Underwriter in the same proportion as the Principal Amount of Offered Securities set forth opposite such Underwriter's name on Schedule A hereto (subject to adjustment by the Representative[s] to eliminate fractions) and may be purchased by the Underwriters only for the purpose of covering over-allotments made in connection with the sale of the Offered Securities. No Optional Securities shall be sold or delivered unless the Offered Securities previously have been, or simultaneously are, sold and delivered. The right to purchase the Optional Securities or any portion thereof may be exercised from time to time and to the extent not previously exercised may be surrendered and terminated at any time upon notice by the Representative[s] to the Company.
Examples of Over-Allotment in a sentence
The Representative may cancel the Over-Allotment Option at any time prior to the expiration of the Over-Allotment Option by written notice to the Company.
An Underwriter will not be under any obligation to purchase any Option Securities prior to the exercise of the Over-Allotment Option by the Representative.
The Company shall, on the date hereof, retain its independent public accountants to audit the financial statements of the Company as of the Closing Date (the “Audited Financial Statements”) reflecting the receipt by the Company of the proceeds of the Offering and the Private Placement, as well as the proceeds from the exercise of the Over-Allotment if such exercise has occurred on the date of the Prospectus.
Upon exercise of the Over-Allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set forth herein, the Underwriters will become obligated to purchase, the number of Option Shares and/or Option Warrants specified in such notice.
If the Over-Allotment Option has not been exercised on the Effective Date, the Company will also file an amendment to the Form 8-K, or a new Form 8-K, to provide updated financial information of the Company to reflect the exercise and consummation of the Over-Allotment Option.
More Definitions of Over-Allotment
Over-Allotment means an over-allotment option that may be exercised by the underwriters of the Public Offering pursuant to the Underwriting Agreement relating to the Public Offering.
Over-Allotment means up to an additional $10,000,000 of Series C Preferred Stock.
Over-Allotment. At the Company’s discretion, any subscription amounts in excess of the maximum offering amount may be accepted on the same terms as the offering or pro-rated based on the percentage total subscriptions bears to the maximum offering amount.
Over-Allotment. In addition, upon written notice from Credit Suisse First Boston Corporation ("CSFB") given to the Company from time to time not more than 30 days subsequent to the date hereof, the Underwriters may purchase up to 1,087,500 additional shares of Common Stock (the "Optional Shares") at the Purchase Price. The Company agrees to sell to the Underwriters the Optional Shares, and the Underwriters agree, severally and not jointly, to purchase such Optional Shares. Such Optional Shares shall be purchased for the account of each Underwriter in the same proportion as the Number of Shares set forth opposite such Underwriter's name on Schedule A hereto (subject to adjustment by CSFB to eliminate fractions) and may be purchased by the Underwriters only for the purpose of covering over-allotments made in connection with the sale of the Firm Shares. No Optional Shares shall be sold or delivered unless the Firm Shares previously have been, or simultaneously are, sold and delivered. The right to purchase the Optional Shares or any portion thereof may be exercised from time to time and to the extent not previously exercised may be surrendered and terminated at any time upon notice by CSFB to the Company. It shall be a condition to the closing with respect to any Optional Shares (each, an "Optional Closing") that the Underwriters receive the documents contemplated by Section 5 of the Underwriting Agreement, but dated the date of such Optional Closing and dealing with the Optional Shares being sold at such Optional Closing. Listing: New York Stock Exchange. Purchase Price: $18.595 per share. Expected Reoffering Price: $19.625 per share, subject to change by the Representatives. Closing for the Firm Shares: 10:00 A.M. on December 20, 2000, at the offices of Dewey Ballantine LLP, New York, New York, in Federal (same da▇) ▇▇▇▇▇. 3 Blackout: Until 90 days after the Closing Date.
Over-Allotment shall have the meaning ascribed to such term in the Underwriting Agreement;
Over-Allotment. OPTION: up to 1,410,000 ordinary shares, all to be offered by the Company
Over-Allotment. The Partnership also agrees, subject to all the terms and conditions set forth herein, to sell to the Underwriters, and, upon the basis of the representations, warranties and agreements of the Partnership and the General Partner herein contained and subject to all the terms and conditions set forth herein, the Underwriters shall have the right to purchase from the Partnership, at the per unit purchase price described below, pursuant to an option (the "over-allotment option") which may be exercised at any time and from time to time prior to 9:00 P.M., New York City time, on the 30th day after the date of the Final Prospectus (or, if such 30th day shall be a Saturday or Sunday or a holiday, on the next business day thereafter when the New York Stock Exchange is open for trading), up to an aggregate of 450,000 Additional Units. Additional Units may be purchased only for the purpose of covering over-allotments made in connection with the offering of the Firm Units. Upon any exercise of the over-allotment option, each Underwriter, severally and not jointly, agrees to purchase from the Partnership the number of Additional Units (subject to such adjustments as you may determine in order to avoid fractional units) which bears the same proportion to the number of Additional Units to be purchased by the Underwriters as the number of Firm Units set forth opposite the name of such Underwriter in Schedule I hereto (or such number of Firm Units increased as set forth in Section 10 hereof) bears to the aggregate number of Firm Units.