Firm Commitment Underwritten Offering Clause Samples
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Firm Commitment Underwritten Offering. The Company shall promptly use its commercially reasonable efforts to engage an Underwriter and file a registration statement with the Commission on Form S-1 to register shares of its Common Stock in the Proposed Offering (such Form S-1 being referred to in this Agreement as the “Proposed Offering S-1”). The Company has had substantive discussions with at least two investment banks that would qualify as an Underwriter and believes that it will be able to file the Proposed Offering S-1 and consummate the Proposed Offering on or prior to the date specified in Section 3.1.
Firm Commitment Underwritten Offering. An offering in which the ------------------------------------- underwriters agree to purchase securities for distribution pursuant to a registration statement under the Securities Act and in which the obligation of the underwriters is to purchase all the securities being offered if any are purchased.