Common use of Employment of Underwriter Clause in Contracts

Employment of Underwriter. (a) Subject to the terms and conditions herein set forth, the effective date of this Agreement commences on the effective date under the Act of the Registration Statement (the "Effective Date"), and the Company hereby appoints the Underwriter as its exclusive agent as of the Effective Date, for the purpose of offering the Debentures as provided in this Agreement on a "best efforts" basis with at least $4,500,000 of the Debentures required to be sold within 90 days after the Effective Date if any Debentures are sold. The Underwriter agrees to use its best efforts to sell the Debentures as agent for the Company. It is understood and agreed that there is no firm commitment on the part of the Underwriter to purchase any of the Debentures.

Appears in 3 contracts

Samples: Intervest Corporation of New York, Intervest Corporation of New York, Intervest Corporation of New York

AutoNDA by SimpleDocs

Employment of Underwriter. (a) Subject to the terms and conditions herein set forth, the effective date of this Agreement commences on the effective date under the Act of the Registration Statement (the "Effective Date"), and the Company hereby appoints the Underwriter as its exclusive agent as of the Effective Date, for the purpose of offering the Debentures as provided in this Agreement on a "best efforts" basis with at least $4,500,000 6,000,000 of the Debentures required to be sold within 90 days after the Effective Date if any Debentures are sold. The Underwriter agrees to use its best efforts to sell the Debentures as agent for the Company. It is understood and agreed that there is no firm commitment on the part of the Underwriter to purchase any of the Debentures.

Appears in 2 contracts

Samples: Intervest Corporation of New York, Intervest Corporation of New York

Employment of Underwriter. (a) Subject to the terms and conditions herein set forth, the effective date of this Agreement commences on the effective date under the Act of the Registration Statement (the "Effective Date"), and the Company hereby appoints the Underwriter as its exclusive agent as of the Effective Date, for the purpose of offering the Debentures as provided in this Agreement on a "best efforts" basis with at least $4,500,000 5,000,000 of the Debentures required to be sold within 90 days after the Effective Date if any Debentures are sold. The Underwriter agrees to use its best efforts to sell the Debentures as agent for the Company. It is understood and agreed that there is no firm commitment on the part of the Underwriter to purchase any of the Debentures.

Appears in 2 contracts

Samples: Intervest Corporation of New York, Intervest Corporation of New York

Employment of Underwriter. (a) Subject to the terms and conditions herein set forth, the effective date of this Agreement commences on the effective date under the Act of the Registration Statement (the "Effective Date"), and the Company hereby appoints the Underwriter as its exclusive agent as of the Effective Date, for the purpose of offering the Debentures as provided in this Agreement on a "best efforts" basis with at least $4,500,000 9,500,000 of the Debentures required to be sold within 90 days after the Effective Date if any Debentures are sold. The Underwriter agrees to use its best efforts to sell the Debentures as agent for the Company. It is understood and agreed that there is no firm commitment on the part of the Underwriter to purchase any of the Debentures.

Appears in 1 contract

Samples: Intervest Mortgage Corp

Employment of Underwriter. (a) Subject to the terms and conditions herein set forth, the effective date of this Agreement commences on the effective date under the Act of the Registration Statement (the "Effective Date"), and the Company hereby appoints the Underwriter as its exclusive agent as of the Effective Date, for the purpose of offering the Debentures as provided in this Agreement on a "best efforts" basis with at least $4,500,000 12,000,000 of the Debentures required to be sold within 90 days after the Effective Date if any Debentures are sold. The Underwriter agrees to use its best efforts to sell the Debentures as agent for the Company. It is understood and agreed that there is no firm commitment on the part of the Underwriter to purchase any of the Debentures.

Appears in 1 contract

Samples: Intervest Mortgage Corp

Employment of Underwriter. (a) Subject to the terms and conditions herein set forth, the effective date of this Agreement commences on the effective date under the Act of the Registration Statement (the "Effective Date"), and the Company hereby appoints the Underwriter as its exclusive agent as of the Effective Date, for the purpose of offering the Debentures as provided in this Agreement on a "best efforts" basis with at least $4,500,000 6,500,000 of the Debentures required to be sold within 90 days after the Effective Date if any Debentures are sold. The Underwriter agrees to use its best efforts to sell the Debentures as agent for the Company. It is understood and agreed that there is no firm commitment on the part of the Underwriter to purchase any of the Debentures.

Appears in 1 contract

Samples: Intervest Mortgage Corp

Employment of Underwriter. (a) Subject to the terms and conditions herein set forth, the effective date of this Agreement commences on the effective date under the Act of the Registration Statement (the "Effective Date"), and the Company hereby appoints the Underwriter as its exclusive agent as of the Effective Date, for the purpose of offering the Debentures as provided in this Agreement on a "best efforts" basis with at least $4,500,000 4,000,000 of the Debentures required to be sold within 90 days after the Effective Date if any Debentures are sold. The Underwriter agrees to use its best efforts to sell the Debentures as agent for the Company. It is understood and agreed that there is no firm commitment on the part of the Underwriter to purchase any of the Debentures.

Appears in 1 contract

Samples: Intervest Corporation of New York

Employment of Underwriter. (a) Subject to the terms and conditions herein set forth, the effective date of this Agreement commences on the effective date under the Act of the Registration Statement (the "Effective Date"), and the Company hereby appoints the Underwriter as its exclusive agent as of the Effective Date, for the purpose of offering the Debentures as provided in this Agreement on a "best efforts" basis with at least $4,500,000 5,000,000 of the Debentures required to be sold within 90 75 days after the Effective Date if any Debentures are sold. The Underwriter agrees to use its best efforts to sell the Debentures as agent for the Company. It is understood and agreed that there is no firm commitment on the part of the Underwriter to purchase any of the Debentures. It is also understood and agreed that $1,000,000 of the Debentures maturing October 1, 2005 will be offered or sold after July 1, 1997.

Appears in 1 contract

Samples: Intervest Corporation of New York

AutoNDA by SimpleDocs

Employment of Underwriter. (a) Subject to the terms and conditions herein set forth, the effective date of this Agreement commences on the effective date under the Act of the Registration Statement (the "Effective Date"), and the Company hereby appoints the Underwriter as its exclusive agent as of the Effective Date, for the purpose of offering the Debentures as provided in this Agreement on a "best efforts" basis with at least $4,500,000 10,000,000 of the Debentures required to be sold within 90 days after the Effective Date if any Debentures are sold. The Underwriter agrees to use its best efforts to sell the Debentures as agent for the Company. It is understood and agreed that there is no firm commitment on the part of the Underwriter to purchase any of the Debentures.

Appears in 1 contract

Samples: Intervest Mortgage Corp

Employment of Underwriter. (a) Subject to the terms and conditions herein set forth, the effective date of this Agreement commences on the effective date under the Act of the Registration Statement (the "Effective Date"), and the Company hereby appoints the Underwriter as its exclusive agent as of the Effective Date, for the purpose of offering the Debentures as provided in this Agreement on a "best efforts" basis with at least $4,500,000 5,000,000 of the Debentures required to be sold within 90 75 days after the Effective Date if any Debentures are sold. The Underwriter agrees to use its best efforts to sell the Debentures as agent for the Company. It is understood and agreed that there is no firm commitment on the part of the Underwriter to purchase any of the Debentures.

Appears in 1 contract

Samples: Intervest Bancshares Corp

Employment of Underwriter. (a) Subject to the terms and conditions herein set forth, the effective date of this Agreement commences on the effective date under the Act of the Registration Statement (the "Effective Date"), and the Company hereby appoints the Underwriter as its exclusive agent as of the Effective Date, for the purpose of offering the Debentures Units as provided in this Agreement on a "best efforts" basis with at least $4,500,000 4,200,000 of the Debentures Units required to be sold within 90 75 days after the Effective Date if any Debentures Units are sold. The Underwriter agrees to use its best efforts to sell the Debentures Units as agent for the Company. It is understood and agreed that there is no firm commitment on the part of the Underwriter to purchase any of the DebenturesUnits.

Appears in 1 contract

Samples: Intervest Bancshares Corp

Employment of Underwriter. (a) Subject to the terms and conditions herein set forth, the effective date of this Agreement commences on the effective date under the Act of the Registration Statement (the "Effective Date"), and the Company hereby appoints the Underwriter as its exclusive agent as of the Effective Date, for the purpose of offering the Debentures as provided in this Agreement on a "best efforts" basis with at least $4,500,000 8,500,000 of the Debentures required to be sold within 90 days after the Effective Date if any Debentures are sold. The Underwriter agrees to use its best efforts to sell the Debentures as agent for the Company. It is understood and agreed that there is no firm commitment on the part of the Underwriter to purchase any of the Debentures.

Appears in 1 contract

Samples: Intervest Mortgage Corp

Employment of Underwriter. (a) Subject to the terms and conditions herein set forth, the effective date of this Agreement commences on the effective date under the Act of the Registration Statement (the "Effective Date"), and the Company hereby appoints the Underwriter as its exclusive agent as of the Effective Date, for the purpose of offering the Debentures as provided in this Agreement on a "best efforts" basis with at least $4,500,000 12,000,000 of the Debentures required to be sold within 90 days after the Effective Date if any Debentures are sold. The Underwriter agrees to use its best efforts to sell the Debentures as agent for the Company. It is understood and agreed that there is no firm commitment on the part of the Underwriter to purchase any of the Debentures.

Appears in 1 contract

Samples: Intervest Mortgage Corp

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