Oversubscription Option definition

Oversubscription Option means the option that may be exercised by the Joint Issue Managers, Joint Lead Underwriters and Joint Bookrunners, in consultation with the Issuer, to offer up to an additional [Five Billion Pesos (₱5,000,000,000)] worth of Bonds to the investing public, to cover oversubscriptions, if any.
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Oversubscription Option means the right of the Sole Issue Manager, Lead Underwriter, in consultation with the Issuer, to increase the offer size of Three Billion Pesos (₱3,000,000,000), by up to Two Billion Pesos (₱2,000,000,000)through the issuance by the Issuer of up to Five Billion(₱5,000,000,000) worth of Bonds in the event of an oversubscription, subject to the registration requirements of the SEC.
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Oversubscription Option means the option exercisable by the Joint Lead Underwriters and Bookrunners, with the consent of the Issuer, to increase the Base Offer by up to Four Billion Pesos (₱4,000,000,000.00), which if exercised, will form part of the second Tranche to be issued under the 2021 Securities Program.
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Examples of Oversubscription Option in a sentence

  • Applications may be reduced if the Offer is oversubscribed, and the Oversubscription Option has been exercised and the Oversubscription Option Bonds are not sufficient to cover such oversubscription, in which case the number of Offer Bonds covered by the applications shall be reduced pro rata.

  • Long-term borrowings pertain to the issuance of the Bonds amounting to its maximum offer size (assuming full exercise of the Oversubscription Option) of P5.0 billion.

  • The corresponding issue of the Bonds in an aggregate principal amount of up to ₱5,000,000,000, with an Oversubscription Option of up to an aggregate principal amount of up to ₱5,000,000,000, were authorized by a resolution of the Board dated April 26, 2021.

  • The Offer Bonds with an aggregate principal amount of ₱15,000,000,000.00 shall be issued for the second tranche inclusive of an Oversubscription Option of up to ₱5,000,000,000.00.

  • San Miguel Avenue Mandaluyong City, Philippines 1550 OFFER SUPPLEMENTOffer of ₱20,000,000,000.00 Fixed Rate BondsWith an Oversubscription Option of up to ₱10,000,000,000.00 Fixed Rate Bonds Under its ₱50,000,000,000.00 Shelf Registration Consisting of:Series I Bonds: 3.3832% p.a. due 2027 with a Put Option or Repricing on the 3rd yearand Optional Redemption on the 4th year or 5th year Offer Price: 100% of Face Value to be listed and traded through the Philippine Dealing & Exchange Corp.

  • In case the Oversubscription Option is partly exercised or not exercised at all by the end of the Offer Period for the Initial Offer Shares, the Preferred Shares under shelf registration will automatically be increased by such principal amount of Oversubscription Option shares that will not be taken up or exercised.

  • In the event of a partial exercise of the Oversubscription Option, the Company intends to prioritize the allocation of proceeds to the refinancing of existing indebtedness over the purchase of crude oil.

  • Immediately after the completion of the Offer, assuming that the Oversubscription Option is not exercised, the Company will have a total of 2,165,024,111 Common Shares issued and outstanding.

  • The unexercised portion of the Oversubscription Option shall be placed under shelf registration to be issued within the period prescribed by relevant regulations.

  • However, in the event the Oversubscription Option is partly exercised or not exercised at all during the Offer Period, such portion of the Offer Bonds under the Oversubscription Option which have not been taken up or exercised in the first tranche shall remain under shelf registration and form part of the remaining Bonds in the shelf available for issuance within the Shelf Period.


More Definitions of Oversubscription Option

Oversubscription Option means the Company's option to sell up to an additional approximately 208,350 shares of Company Common Stock solely to cover exercises of excess Oversubscription Privileges, if any.
Sample 1
Oversubscription Option means the option exercisable by the Joint Lead Underwriters and Bookrunners, with the consent of the Issuer, to increase the Base Offer by up to [₱2.75 Billion], which if exercised, will be issued from the remaining ₱2.75 billion under the Company’s 2019 Securities Program.
Sample 1
Oversubscription Option means the option that may be exercised by BDO Capital, in
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Related to Oversubscription Option

  • Undersubscription Notice means written notice from an Investor notifying the Company and the selling Key Holder that such Investor intends to exercise its option to purchase all or any portion of the Transfer Stock not purchased pursuant to the Right of First Refusal or the Secondary Refusal Right.

  • Subscription Rights means the subscription rights to purchase Rights Offering Shares.

  • Subscription Notice has the meaning set forth in Section 1.1.

  • Remaining Shares shall have the meaning set forth in Section 2.03(a).

  • Purchase Option Notice As defined in Section 3.18(e).

  • Minimum Subscription means the minimum subscription from time to time specified in the Prospectus.

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Rights Offering Shares means, collectively, the shares of New Common Stock issued in the Rights Offering.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Subscription Term means the initial subscription term and if applicable any renewal subscription term of a Cloud Service identified in the Order Form.

  • Subscription Period means the duration of Customer’s authorized use of the Subscription Services as designated in the Order.

  • Minimum Subsequent Subscription means, in relation to the Euro Non-RDR ‘Retail’

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Call Right The right of the holder thereof (or any successor), as named in the applicable Supplement, to purchase Certificates from the Holders thereof or to purchase Underlying Securities from the Trust.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Exercise Notice Deadline In respect of any exercise of Options hereunder on any Conversion Date, the “Scheduled Trading Day” prior to the scheduled first “VWAP Trading Day” of the “Observation Period” (each as defined in the Indenture, but, in the case of any such Observation Period, as modified by the provision set forth opposite the caption “Convertible Security Settlement Method”) relating to the Convertible Securities converted on the Conversion Date occurring on the relevant Exercise Date; provided that in the case of any exercise of Options hereunder in connection with the conversion of any Relevant Convertible Securities on any Conversion Date occurring during the period starting on and including June 4, 2020 and ending on and including the second “Scheduled Trading Day” immediately preceding the “Maturity Date” (each as defined in the Indenture) (the “Final Conversion Period”), the Exercise Notice Deadline shall be noon, New York City time, on the “Scheduled Trading Day” (as defined in the Indenture) immediately preceding the “Maturity Date” (as defined in the Indenture).

  • Offered Shares has the meaning set forth in Section 3.02(a).

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Exercise Notice has the meaning set forth in Section 3.2(1);

  • Unsubscribed Shares means the Rights Offering Shares that have not been duly purchased by the Rights Offering Participants in accordance with the Rights Offering Procedures and the Plan.

  • Option 3 [ ] A Participant satisfies the Plan's Early Retirement Age conditions by attaining age ________ (not less than 55) and completing ________ Years of Vesting Service.