Preferred Offering definition
Examples of Preferred Offering in a sentence
The day that the Preferred Offering Period terminates is hereinafter referred to as the "Preferred Termination Date." The Preferred Termination Date may be extended for up to thirty (30) days by mutual agreement of the Placement Agent and the Company.
Without limiting the generality of any of the foregoing paragraphs of this Section 3(c), the Placement Agent's good faith satisfaction with its continuing due diligence with respect to the Company, its management, its financial condition, and/or business prospects (with particular reference to the appropriateness of the size of this Offering and the proposed Series E Preferred Offering and the likely consequences of the use of proceeds).
If the Minimum Offering is not sold prior to the end of the Preferred Offering Period, the Offering will be terminated and all funds received from Subscribers will be returned, without interest and without any deduction.
Upon the closing of any Preferred Offering, the Initial General Partner shall contribute the net proceeds from such Preferred Offering to the Wholly-Owned LP Trust and the Wholly-Owned LP Trust shall contribute the said net proceeds to the Partnership in exchange for that number of Preferred Units as equals the total number of Preferred Shares which were sold pursuant to the Preferred Offering.
Upon completion of the Notes Offering and as long as the Placement Agent is proceeding in good faith with the preparations for the Preferred Offering, and until July 31, 2002, the Company agrees not to enter into any agreement with or solicit any underwriter, placement agent, financial advisor, investor or other person in connection with an offering of the Company's securities, and further agrees that any such communications, solicited or unsolicited, shall be conducted through the Placement Agent.