Common use of Stabilising losses and profits Clause in Contracts

Stabilising losses and profits. All liabilities, expenses and losses arising from stabilisation activities and transactions effected by the Stabilising Manager as stabilising manager shall be for the account of the International Underwriter and may be deducted from the commissions payable to the International Underwriter. All profits or gains arising from stabilising activities and transactions effected by the Stabilising Manager as stabilising manager shall be for the account of the Sole Global Coordinator.

Stabilising losses and profits. All liabilities, expenses and losses arising from stabilisation activities and transactions effected by the Stabilising Manager as stabilising manager shall be for the account respective accounts of the International Underwriter Underwriters in the same proportions, as nearly as may be practicable, as the respective International Offering Underwriting Commitments of the International Underwriters, and may be deducted from the commissions payable to the International UnderwriterUnderwriters. All profits or gains arising from stabilising activities and transactions effected by the Stabilising Manager as stabilising manager shall be for the account of the Sole Global Coordinator.