Common use of NATURE OF OFFERING Clause in Contracts

NATURE OF OFFERING. The Offering will be made by the MB on a “best efforts basis.” During the term of this Agreement, the MB shall use its reasonable best efforts to (i) identify potential investors, (ii) furnish such potential investors, on behalf of the Company, with copies of the Prospectus, and (iii) assist the Company with the sale of Notes at each closing. Notwithstanding any contrary provision of this Agreement, MP Securities will have no liability to the Company or any other person for its failure to identify one or more prospective investors in the Offering or the failure of the Company to sell any or all of the Notes being offered for sale in the Offering. 

Appears in 4 contracts

Samples: Managing Broker Agreement (Ministry Partners Investment Company, LLC), Managing Broker Agreement (Ministry Partners Investment Company, LLC), Managing Broker Agreement (Ministry Partners Investment Company, LLC)

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NATURE OF OFFERING. The Offering will be made by the MB on a “best efforts basis.” During the term of this Agreement, the MB shall use its reasonable best efforts to (i) identify potential investors, (ii) furnish such potential investors, on behalf of the Company, with copies of the Prospectus, and (iii) assist the Company with the sale of Notes Certificates at each closing. Notwithstanding any contrary provision of this Agreement, MP Securities will have no liability to the Company or any other person for its failure to identify one or more prospective investors in the Offering or the failure of the Company to sell any or all of the Notes Certificates being offered for sale in the Offering. 

Appears in 2 contracts

Samples: Managing Broker Agreement (Ministry Partners Investment Company, LLC), Managing Broker Agreement (Ministry Partners Investment Company, LLC)

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