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These excerpts taken from the RGS 8-K filed Jul 14, 2009. Option Securities. In addition,
on the basis of the representations and warranties herein contained and subject
to the terms and conditions herein set forth, the Company hereby grants an
option to the Underwriters, severally and not jointly, to purchase the Option
Securities at the same price as the purchase price of the Initial Securities as
set forth in Schedule B, less an amount per share equal to any dividends or
distributions declared by the Company and payable on the Initial Securities but
not payable on the Option Securities.
The option hereby granted will expire 30 days after the date hereof
and may be exercised in whole or in part from time to time only for the purpose
of covering overallotments which may be made in connection with the offering
and distribution of the Initial Securities upon notice by the Underwriters to
the Company setting forth the number of Option Securities as to which the several
Underwriters are then exercising the option and the time and date of payment
and delivery for such Option Securities.
Any such time and date of delivery (a “Date of Delivery”) shall be
determined by the Underwriters, but shall not be later than seven full business
days after the exercise of said option, nor in any event prior to the Closing
Time, as hereinafter defined. If the
option is exercised as to all or any portion of the Option Securities, each of
the Underwriters, acting severally and not jointly, will purchase that
proportion of the total number of Option Securities then being purchased which
the number of Initial Securities set forth in Schedule A opposite the name of
such Underwriter bears to the total number of Initial Securities, subject in
each case to such adjustments as the Underwriters in their discretion shall
make to ensure that any sales or purchases are in authorized denominations.
(c)Option Securities.
In addition, on the basis of the representations and warranties herein
contained and subject to the terms and conditions herein set forth, the Company
hereby grants an option to the Underwriters, severally and not jointly, to
purchase the Option Securities at the same price as the purchase price of the
Initial Securities as set forth in Schedule B plus accrued interest, if any,
from the Closing Time to the Date of Delivery.
The option hereby granted will expire 30 days after the date hereof
and may be exercised in whole or in part from time to time only for the purpose
of covering overallotments which may be made in connection with the offering
and distribution of the Initial Securities upon notice by the Underwriters to
the Company setting forth the aggregate principal amount of Option Securities
as to which the several Underwriters are then exercising the option and the
time and date of payment and delivery for such Option Securities. Any such time and date of delivery (a “Date
of Delivery”) shall be determined by the Underwriters, but shall not be later
than seven full business days after the exercise of said option, nor in any
event prior to the Closing Time, as hereinafter defined. If the option is exercised as to all or any
portion of the Option Securities, each of the Underwriters, acting severally
and not jointly, will purchase that proportion of the total principal amount of
Option Securities then being purchased which the aggregate principal amount of
Initial Securities set forth in Schedule A opposite the name of such
Underwriter bears to the total principal amount of Initial Securities, subject
in each case to such adjustments as the Underwriters in their discretion shall
make to ensure that any sales or purchases are in authorized denominations.
(c) | EXCERPTS ON THIS PAGE:
RELATED TOPICS for RGS: |
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