Option to Purchase Additional Securities. (a) For the purposes of covering any over-allotments in connection with the distribution and sale of the Closing Securities, the Representative is hereby granted an option (the “Option”) to purchase, in the aggregate, up to _____ shares of Common Stock (the “Option Shares”) and Warrants to purchase up to ____ shares of Common Stock (the “Option Warrants” and, collectively with the Option Shares, the “Option Securities”)1 which may be purchased in any combination of Option Shares and/or Option Warrants at the Share Purchase Price and/or Warrant Purchase Price, respectively.
Option to Purchase Additional Securities. (a) For the purposes of covering any over-allotments in connection with the distribution and sale of the Closing Securities, the Representative is hereby granted an option (the “Option”) to purchase, in the aggregate, up to 3,939,962 shares of Common Stock (the “Option Shares”) and/or up to 3,939,962 Warrants to purchase up to 1,969,981 shares of Common Stock (the “Option Warrants” and, collectively with the Option Shares, the “Option Securities”) which may be purchased in any combination of Option Shares and/or Option Warrants at the Share Purchase Price and/or Warrant Purchase Price, respectively.
Option to Purchase Additional Securities. In the event the Underwriters exercise the option provided in Section 2 hereof to purchase all or any portion of the Option Securities, the representations and warranties of the Company contained herein and the statements in any certificates furnished by the Company hereunder shall be true and correct as of each Date of Delivery, and you shall have received:
Option to Purchase Additional Securities. In the event you exercise the option provided in Section 2 hereof to purchase all or any portion of the Option Securities, the representations and warranties of the Company contained herein and the statements in any certificates furnished by the Company hereunder shall be true and correct as of each Date of Delivery, and you shall have received:
Option to Purchase Additional Securities. (a) For the purposes of covering any over-allotments in connection with the distribution and sale of the Closing Securities, the Representative is hereby granted an option (the “Option”) to purchase, in the aggregate, up to [_____] shares of Common Stock (the “Option Shares”), and/or Series 1 Warrants to purchase up to [___] shares of Common Stock and/or Series 2 Warrants to purchase up to [____] shares of Common Stock (the “Option Warrants” and, collectively with the Option Shares, the “Option Securities”)1 which may be purchased in any combination of Option Shares and/or Option Warrants at the Share Purchase Price and/or Warrant Purchase Price, respectively.
Option to Purchase Additional Securities. (a) The Representative is hereby granted an option (the “Option”) to purchase, in the aggregate, up to shares of Common Stock (the “Option Shares”) and Common Warrants to purchase up to shares of Common Stock (the “Option Warrants” and, collectively with the Option Shares, the “Option Securities”) which may be purchased in any combination of Option Shares and/or Option Warrants at the Share Purchase Price and/or Warrant Purchase Price, respectively.
Option to Purchase Additional Securities. The Trust has granted to the Initial Purchasers an option, exercisable not later than 30 calendar days after the date of the purchase agreement pursuant to which the Initial Purchasers are acquiring the Securities, to purchase up to 375,000 additional Securities at the initial offering price less the Initial Purchaser discount. The Trust will be obligated, pursuant to the option, to sell these additional Securities to the Initial Purchasers to the extent the option is exercised. After the initial offering of the Securities, the offering price and other selling terms may from time to time be varied by the Initial Purchasers. Initial Offering Price: The Securities will be offered at the initial offering price of $100.00 per Security. Proceeds, before expenses, to the Trust: $98.25 per Security. Quarterly Distribution Dates: March 1, 2018, and June 1, September 1, December 1, and March 1 of each year until the Scheduled Exchange Day. Quarterly Cash Distribution Amount: $1.2969 per Security (and $1.0951 per Security on March 1, 2018), subject to adjustment as described in the Preliminary Offering Circular.
Option to Purchase Additional Securities. (a) The Representative is hereby granted an option (the “Option”) to purchase, in the aggregate, up to 2,500,000 shares of Common Stock (the “Option Shares”), Series 1 Warrants to purchase up to 1,250,000 shares of Common Stock (the “Series 1 Option Warrants”), and Series 2 Warrants to purchase up to 1,250,000 shares of Common Stock (the “Series 2 Option Warrants” and collectively with the Series 1 Option Warrants, the “Option Warrants” and, together with the Option Shares, the “Option Securities”) which may be purchased in any combination of Option Shares and/or Option Warrants at the Share Purchase Price and/or Series 1 Warrant Purchase Price and Series 2 Warrant Purchase Price, respectively.
Option to Purchase Additional Securities. Each of Subscriber and the Other Subscribers shall have an option, exercisable individually by the option holder at any time for 150 days from the date of this subscription, to purchase an amount of common stock of the Company determined by multiplying one-half of the amount of subscription from Exhibit A times the option exercise price, which shall be the higher of (i) $0.20 per share, or (ii) the average of the reported closing bid price for the Company’s common stock for the 20 trading days ending the day before the option is exercised. Upon exercise the total exercise price shall be paid in full. The option may not be exercised at any time when any portion of Subscriber’s Subscription Note remains unpaid.
Option to Purchase Additional Securities. Issuer hereby grants to Purchaser an option (the "Option") to purchase the Additional Securities for an aggregate purchase price of $4,000,000 (the "Option Exercise Price"). The Option shall be exercisable at any time for a period of ninety (90) days after the Closing Date. The Option is exercisable by written notice from Purchaser to the Issuer and will be deemed exercised as of the close of business on the date such notice is delivered to the Issuer (the "Option Notice Date"). The Additional Securities shall be issued and delivered to Purchaser promptly after its delivery to the Issuer of the Option Exercise Price by certified check, bank draft or wire-transfer at a closing to be held at Graubard Mollen & Miller, 600 Third Avenue, New York, New York 10000, xx a xxxx to xx xxxuaxxx xxxxxx xxxx, xxx xxx xxxxx xxxx xxxxx business days after the Option Notice Date.
