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.
Appears in 4 contracts
Samples: Managing Broker Dealer Agreement (Cottonwood Communities, Inc.), Managing Broker Dealer Agreement (Cottonwood Communities, Inc.), Broker Dealer Agreement (Usa Opportunity Income Fund, Inc.)
Duties and Obligations of the Managing Broker-Dealer. 5.1 4.1 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.
Appears in 1 contract
Samples: Managing Broker Dealer Agreement (White River Energy Corp.)
