Examples of Standby Offering in a sentence
At any time prior to the Closing Date, the Company may in its sole discretion withdraw or terminate the Rights Offering or the Standby Offering.
The User shall indemnify and ke ep indemnified CMS and its employees, representatives, agents, and contractors (collectively Indemnitees ), and shall hold the Indemnitees harmless against all loss, damages, claims, demands or expenses of any person arising in connection with any breach by the User of its obligations or warranties under the Service Agreement.
The representations and warranties of the Company and the Standby Purchaser contained in this Agreement together with Sections 7(f),7(h) and 9(d) shall survive any failure of the Company to commence, or the withdrawal, termination or consummation of any of the Rights Offering, the KH Basic Rights Purchase or the Standby Offering and any termination of this Agreement.
The Company shall solely use the proceeds of the Rights Offering (including the KH Basic Rights Purchase) and the Standby Offering in accordance with the description set forth in the Registration Statement.
Between the date hereof and the Standby Offering Closing Date, the Standby Purchaser and his Affiliates shall not acquire any Common Stock unless authorized to do so by the Company other than in accordance with the Registration Statement and the terms and conditions hereof.
The Company may terminate this Agreement (i) if consummation of the Rights Offering and/or the Standby Offering is prohibited by applicable law, rules or regulations, or (ii) if the Standby Purchasers materially breach their obligations under this Agreement and such breach is not cured within ten business days following written notice to the Lead Standby Purchaser and each Standby Purchaser whose conduct resulted in such material breach.
The Company will timely file an “Additional Listing Application” with the Nasdaq Global Market in connection with the Shares issued in the Rights Offering (including the KH Basic Rights Purchase) and the Standby Offering.
If the aggregate number of shares of Common Stock subscribed for in the Subscription Offering multiplied by the Purchase Price is equal to or greater than the Maximum of the Valuation Range, then in such event the Standby Purchaser may not purchase any shares from Vericity in the Standby Offering.
As additional consideration for the Standby Offering, if the Rights Offering is consummated, the Standby Purchasers shall then have the option, for thirty (30) days following the consummation of the Rights Offering (the “Option Period”), to purchase up to $15.0 million in aggregate amount of Preferred Stock and/or Series A-1 Preferred Stock, as the case may be, (the “Additional Preferred Stock”) at a price per share equal to 105% of the Subscription Price.
Kent graduates are more likely to express a desire to work outside Kent than within it and efforts were being made through T2010 and the LAA to change this perception.