Overallocation definition
Examples of Overallocation in a sentence
For the avoidance of doubt, neither the Company nor any Greenshoe Shareholder shall be liable to bear, or to indemnify any party for, any Transfer Duty which arises on any transfer, or agreement to transfer, any Over-allocated Shares pursuant to the Over-allocation if and to the extent that the aggregate number of Over-allocated Shares exceeds the Maximum Greenshoe Number.
Each Underallocated Party's share of each Overallocation shall be calculated by multiplying (x) the Overallocation by (y) a fraction, the numerator of which is the amount less than its share of the Coverage Amount that such Underallocated Party received and the denominator of which is the aggregate amount less than their shares of the Coverage Amount that all Underallocated Parties received.