Duties and Obligations of the Managing Broker-Dealer Sample Clauses

Duties and Obligations of the Managing Broker-Dealer. 5.1 All actions by the Managing Broker Dealer and its respective agents, members, employees, and affiliates shall conform to (i) requirements applicable to broker dealers under federal and state securities laws, rules, and regulations, and (ii) applicable requirements and rules of FINRA.
Sample 1Sample 2Sample 3See All (7)
AutoNDA by SimpleDocs
Duties and Obligations of the Managing Broker-Dealer. 4.1 The Managing Broker-Dealer will serve in an “all-or-nothing minimum, best-efforts maximum” capacity in the offering, sale and distribution of the Shares. The Managing Broker-Dealer may offer the Shares as an agent, but all sales shall be made by the Company, acting through the Managing Broker-Dealer as an agent, and not by the Managing Broker-Dealer as a principal. The Managing Broker-Dealer shall have no authority to appoint any person or other entity as an agent or sub-agent of the Managing Broker-Dealer or the Company, except to appoint Selling Group Members acceptable to the Company in its sole discretion. It is acknowledged that the Company may enter into selling agreements with non-commissioned registered investment advisors and, to the extent reasonably practicable, the Managing Broker-Dealer shall assist the Company and the registered investment advisors in completing any sales through the registered investment advisor.
Sample 1Sample 2Sample 3See All (7)
Duties and Obligations of the Managing Broker-Dealer. 5.1 The Managing Broker-Dealer will serve in a “best efforts” capacity in the offering, sale and distribution of the Securities. The Managing Broker-Dealer may offer the Securities as an agent, but all sales shall be made by the Issuer, acting through the Managing Broker-Dealer as an agent, and not by the Managing Broker-Dealer as a principal. The Managing Broker-Dealer shall have no authority to appoint any person or other entity as an agent or sub-agent of the Managing Broker-Dealer or the Issuer, except to appoint Selling Group Members acceptable to the Issuer in its sole discretion.
Sample 1Sample 2Sample 3See All (5)
Duties and Obligations of the Managing Broker-Dealer. 6.1The Managing Broker-Dealer or any person associated with the Managing Broker-Dealer, shall have reasonable grounds to believe, on the basis of information obtained from the Adviser concerning the prospective investor’s investment objectives, other investments, financial situation and needs, and any other information known by the Managing Broker-Dealer or an associated person, that the prospective investor meets the financial suitability and other investor requirements set forth in the Prospectus including the suitability standards set forth therein and the acquisition of the Securities is otherwise a suitable investment for such investor as may be required by all applicable laws, rules and regulations;
Sample 1Sample 2
Duties and Obligations of the Managing Broker-Dealer. 4.1 The Managing Broker-Dealer shall serve in a best efforts capacity with respect to the Offering. The Managing Broker-Dealer may offer the Units as an agent, but all sales shall be made by the Company acting through the Managing Broker-Dealer as an agent, and not by the Managing Broker-Dealer as a principal. The Managing Broker-Dealer shall have no authority to appoint any person or other entity as an agent or sub-agent of the Managing Broker-Dealer or the Company, except to appoint Selling Group Members acceptable to the Managing Broker-Dealer and the Company.
Sample 1Sample 2
Duties and Obligations of the Managing Broker-Dealer. 5.1 The Managing Broker Dealer will serve in a “best efforts” capacity in the offering, sale, and distribution of the Securities. The Managing Broker Dealer may offer the Securities as an agent, but all sales shall be made by the Company, acting through the Managing Broker Dealer as an agent, and not by the Managing Broker Dealer as a principal. The Managing Broker Dealer shall have no authority to appoint any person or other entity as an agent or sub-agent of the Managing Broker Dealer or the Company, except to appoint Selling Group Members acceptable to the Company in the Company’s sole discretion.
Sample 1Sample 2
Duties and Obligations of the Managing Broker-Dealer. 6.1 The Managing Broker-Dealer or any person associated with the Managing Broker-Dealer, shall:
Sample 1
AutoNDA by SimpleDocs
Duties and Obligations of the Managing Broker-Dealer. 4.1 The Managing Broker-Dealer will serve in a commercially reasonable “best efforts” capacity in the offering, sale and distribution of the Securities. The Managing Broker-Dealer may offer the Securities as an agent, but all sales shall be made by the Issuer, acting through the Managing Broker-Dealer as an agent, and not by the Managing Broker-Dealer as a principal. The Managing Broker-Dealer may appoint Selling Group Members acceptable to the Issuer and may subcontract some or all of its obligations under this Agreement in its sole discretion to one or more Selling Group Members; provided that, any such Selling Group Members must satisfy the requirements applicable to such Selling Group Members as set forth in the Soliciting Dealer Agreement approved by the Issuer. In addition, it is acknowledged that the Issuer may enter into selling agreements with non-commissioned registered investment advisors and the Managing Broker-Dealer may, in its sole discretion, contract with other Selling Group Members to assist the Issuer and the registered investment advisors in completing any sales through the registered investment advisor. It is acknowledged that the Managing Broker-Dealer may or may not perform this service directly, but, if it does elect to proceed in its sole discretion, it may assign its rights and obligations to perform this service to a third party. Notwithstanding anything herein to the contrary, the Managing Broker-Dealer shall have no obligation under this Agreement to purchase any of the Securities for its own account.
Sample 1

Related to Duties and Obligations of the Managing Broker-Dealer

  • Duties and Obligations The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02), and, (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to any Loan Party or any Subsidiary that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02) or in the absence of its own gross negligence or willful misconduct as determined by a final nonappealable judgment of a court of competent jurisdiction. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by the Borrower or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or in connection with any Loan Document, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, (v) the creation, perfection or priority of Liens on the Collateral or the existence of the Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

  • Duties and Obligations of Employee General Duties

  • Rights and Obligations of the Parties 13.2.1 The client shall be under obligation:

  • Appointment and Obligations of the Remarketing Agent (a) The Company hereby appoints [—] as the exclusive Remarketing Agent, and, subject to the terms and conditions set forth herein, [—] hereby accepts appointment as Remarketing Agent, for the purpose of (i) remarketing the Remarketed Notes on behalf of the holders thereof, (ii) determining, in consultation with the Company, in the manner provided for herein and in the Purchase Contract and Pledge Agreement and the Supplemental Indenture, the Reset Rate for the Notes, and (iii) performing such other duties as are assigned to the Remarketing Agent in the Transaction Documents.

  • Rights and Obligations of the Limited Partners 8.1 Management of the Partnership. The Limited Partners shall not participate in the management or control of Partnership business nor shall they transact any business for the Partnership, nor shall they have the power to sign for or bind the Partnership, such powers being vested solely and exclusively in the General Partner.

  • THIS SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

  • Registration Procedures and Obligations Whenever required under this Agreement to effect the Registration of any Registrable Securities held by the Holders, the Company shall, as expeditiously as reasonably possible:

  • Rights and Obligations of Members Section 6.1

Time is Money Join Law Insider Premium to draft better contracts faster.