Examples of Proposed Offering in a sentence
For clarity, the Offer may be contingent upon Hydro One determining to proceed with the Proposed Offering in its sole discretion.
If Hydro One proposes to issue Voting Securities or securities convertible into or exchangeable for Voting Securities otherwise than pursuant to the Proposed Offering and not later than the Offering Outside Date for the Proposed Offering, Hydro One shall again comply with this Article 6.
Any Offered Securities not subscribed for and purchased by the Province pursuant to a Proposed Offering may be issued to any other person pursuant to the Proposed Offering.
Notwithstanding that an Offer may be contingent, the Province acknowledges that the fact that Hydro One is contemplating the Proposed Offering may constitute material information regarding Hydro One, and that the requirements of securities Laws, as well as of the Confidentiality Agreement and internal controls referred to therein, may restrict disclosure of the information and trading in securities of Hydro One by those with knowledge of that information.
Any Response delivered by the Province to Hydro One will be irrevocable and will be a legally binding obligation of the Province to subscribe for and purchase the Offered Securities specified therein, provided that if the Proposed Offering is not completed by the Offering Outside Date, the Offer will be deemed to be automatically revoked.