Stabilization and Over-Allotment. You may, with respect to any Offering, be authorized to over-allot in arranging sales to Selected Dealers, to purchase and sell Securities, any other securities of the issuer of the Securities of the same class and series and any other securities of such issuer that you may designate for long or short account and to stabilize or maintain the market price of the Securities. We agree to advise you from time to time upon request, prior to the termination of the provisions of Section 3(b) with respect to any Offering, of the amount of Securities purchased by us hereunder remaining unsold and we will, upon your request, sell to you, for the accounts of the Underwriters, such amount of Securities as you may designate, at the public offering price thereof less an amount to be determined by you not in excess of the concession to dealers. In the event that prior to the later of (i) the termination of the provisions of Section 3(b) with respect to any Offering, or (ii) the covering by you of any short position created by you in connection with such Offering for your account or the account of one or more Underwriters, you purchase or contract to purchase for the account of any of the Underwriters, in the open market or otherwise, any Securities theretofore delivered to us, you reserve the right to withhold the above-mentioned concession to dealers on such Securities if sold to us at the public offering price, or if such concession has been allowed to us through our purchase at a net price, we agree to repay such concession upon your demand, plus in each case any taxes on redelivery, commissions, accrued interest and dividends paid in connection with such purchase or contract to purchase.
Appears in 7 contracts
Samples: Master Selected Dealer Agreement (Eaton Vance New Jersey Municipal Income Trust), Master Selected Dealer Agreement (Dreyfus High Yield Strategies Fund), Master Selected Dealer Agreement (Eaton Vance Pennsylvania Municipal Income Trust)
Stabilization and Over-Allotment. You may, with respect to any Offering, be authorized to over-allot in arranging sales to Selected Dealers, to purchase and sell the Securities, any other securities of the issuer of the Securities of the same class and series and any other securities of the same class and series and any other securities of such issuer that you may designate for long or short account and to stabilize or maintain the market price of the Securities. We agree to advise you from time to time upon request, prior to the termination of the provisions of Section 3(b) with respect to any Offeringoffering, of the amount of the Securities purchased by us hereunder remaining unsold and we will, upon your request, sell to you, for the accounts of the Underwriters, such amount of the Securities as you may designate, at the public offering price thereof less an amount to be determined by you not in excess of the concession to dealers. In the event that prior to the later of (i) the termination of the provisions of Section 3(b) with respect to any Offering, or (ii) the covering by you of any short position created by you in connection with such Offering for your account or the account of one or more Underwriters, you purchase or contract to purchase for the account of any of the Underwriters, in the open market or otherwise, any Securities theretofore delivered to us, you reserve the right to withhold the above-mentioned concession to dealers on such Securities if sold to us at the public offering price, or if such concession has been allowed to us through our purchase at a net price, we agree to repay such concession upon your demand, plus in each case any taxes on redelivery, commissions, accrued interest and dividends paid in connection with such purchase or contract to purchase.
Appears in 7 contracts
Samples: Securities Distribution Agreement (Puerto Rico Residents Bond Fund I), Securities Distribution Agreement (Puerto Rico Residents Tax-Free Fund III, Inc.), Securities Distribution Agreement (Puerto Rico Residents Tax-Free Fund V, Inc.)
Stabilization and Over-Allotment. You may, with respect to any Offering, be authorized to over-allot in arranging sales to Selected Dealers, to purchase and sell Securities, any other securities of the issuer of the Securities of the same class and series and any other securities of such issuer that you may designate for long or short account and to stabilize or maintain the market price of the Securities. We agree to advise you from time to time upon request, prior to the termination of the provisions of Section 3(b3 (b) with respect to any Offering, of the amount of Securities purchased by us hereunder remaining unsold and we will, upon your request, sell to you, for the accounts of the Underwriters, such amount of Securities as you may designate, at the public offering price thereof less an amount to be determined by you not in excess of the concession to dealers. In the event that prior to the later of (i) the termination of the provisions of Section 3(b) with respect to any Offering, or (ii) the covering by you of any short position created by you in connection with such Offering for your account or the account of one or more Underwriters, you purchase or contract to purchase for the account of any of the Underwriters, in the open market or otherwise, any Securities theretofore delivered to us, you reserve the right to withhold the above-mentioned concession to dealers on such Securities if sold to us at the public offering price, or if such concession has been allowed to us through our purchase at a net price, we agree to repay such concession commission upon your demand, plus in each case any taxes on redelivery, commissions, accrued interest and dividends paid in connection with such purchase or contract to purchase.
Appears in 3 contracts
Samples: Master Selected Dealer Agreement (Managed High Yield Plus Fund Inc), Master Selected Dealer Agreement (Managed High Yield Plus Fund Inc), Master Selected Dealer Agreement (Nuveen Senior Income Fund)
Stabilization and Over-Allotment. You mayWe authorize you, with respect to any Offering, be authorized to over-allot in arranging sales to Selected Dealersyour discretion, to purchase make purchases and sell Securities, any other securities sales of Shares and of the issuer outstanding shares of the Securities of the same class and series and any other securities of such issuer that you may designate for long or short account and to stabilize or maintain the market price of the Securities. We agree to advise you from time to time upon request, prior to the termination of the provisions of Section 3(b) with respect to any Offering, of the amount of Securities purchased by us hereunder remaining unsold and we will, upon your request, sell to you, for the accounts of the Underwriters, such amount of Securities as you may designate, at the public offering price thereof less an amount to be determined by you not in excess of the concession to dealers. In the event that prior to the later of (i) the termination of the provisions of Section 3(b) with respect to any Offering, or (ii) the covering by you of any short position created by you in connection with such Offering for your account or the account of one or more Underwriters, you purchase or contract to purchase for the account of any of the UnderwritersCommon Stock, in the open market or otherwise, any Securities theretofore delivered to usfor long or short account, you reserve the right to withhold the above-mentioned concession to dealers on such Securities terms as you deem advisable, and to over-allot in arranging sales. Such purchases and sales and over-allotments will be made for the accounts of the Underwriters as nearly as practicable in proportion to their respective underwriting obligations. We authorize you, in your discretion, to cover any short position incurred pursuant to this Section by purchasing securities on such terms as you deem advisable. At no time will our net commitment under the foregoing provisions of this Section exceed 15% of our underwriting obligation. We will on demand take up at cost any securities so purchased and deliver any securities so sold or over-allotted for our account, and, if sold any other Underwriter defaults in its corresponding obligation, we will assume our proportionate share of such obligation without relieving the defaulting Underwriter from liability. Upon request, we will advise you of the Shares retained by us and unsold and will sell to us you for the account of one or more of the Underwriters such of our unsold Shares at such price, not less than the net price to Selected Dealers nor more than the public offering price, or if such concession has been allowed as you determine. If you effect stabilizing purchases pursuant to Section 7 hereof, you will notify us through our purchase at a net pricepromptly of the initiation and termination thereof. If stabilization is effected, we agree will furnish to repay you not later than three business days following the date on which stabilizing was commenced such concession upon your demand, plus in each case any taxes on redelivery, commissions, accrued interest and dividends paid in connection with such purchase or contract to purchaseinformation as is required by Rule 17a-2(d) under the Exchange Act.
Appears in 3 contracts
Samples: Underwriting Agreement (Eco Soil Systems Inc), Underwriting Agreement (Eco Soil Systems Inc), Underwriting Agreement (Eco Soil Systems Inc)
Stabilization and Over-Allotment. You may, with respect to any Offering, be authorized to over-allot in arranging sales to Selected Dealers, to purchase and sell Securities, any other securities of the issuer of the Securities of the same class and series and any other securities of such issuer that you may designate for long or short account and to stabilize or maintain the market price of the Securities. We agree to advise you from time to time upon request, prior to the termination of the provisions of Section 3(b) with respect to any Offering, of the amount of Securities purchased by us hereunder remaining unsold and we will, upon your requestre quest, sell to you, for the accounts of the Underwriters, such amount of Securities as you may designate, at the public offering price thereof less an amount to be determined by you not in excess of the concession to dealers. In the event that prior to the later of (i) the termination of the provisions of Section 3(b) with respect to any Offering, or (ii) the covering by you of any short position created by you in connection with such Offering for your account or the account of one or more Underwriters, you purchase or contract to purchase for the account of any of the Underwriters, in the open market or otherwiseother wise, any Securities theretofore delivered to us, you reserve the right to withhold the above-mentioned concession to dealers on such Securities if sold to us at the public offering price, or if such concession has been allowed to us through our purchase at a net price, we agree to repay such concession upon your demand, plus in each case any taxes on redeliveryredeliver, commissions, accrued interest and dividends paid in connection with such purchase or contract to purchase.
Appears in 3 contracts
Samples: Master Selected Dealer Agreement (Nicholas Applegate Convertible & Income Fund Ii), Master Selected Dealer Agreement (Pimco California Municipal Income Fund Iii), Master Selected Dealer Agreement (Nicholas Applegate Convertible & Income Fund)
Stabilization and Over-Allotment. You may, with respect to any Offering, be authorized to over-allot in arranging sales to Selected Dealers, to purchase and sell Securities, any other securities of the issuer of the Securities of the same class and series and any other securities of such issuer that you may designate for long or short account and to stabilize or maintain the market price of the Securities. We agree to advise you from time to time upon request, prior to the termination of the provisions of Section 3(b) with respect to any Offering, of the amount of Securities purchased by us hereunder remaining unsold unsold, and we will, upon your request, sell to you, for the accounts of the Underwriters, such amount of Securities as you may designate, at the public offering price thereof less an amount to be determined by you not in excess of the concession to dealers. In the event that prior to the later of (i) the termination of the provisions of Section 3(b) with respect to any Offering, or (ii) the covering by you of any short position created by you in connection with such Offering for your account or the account of one or more Underwriters, you purchase or contract to purchase for the account of any of the Underwriters, in the open market or otherwise, any Securities theretofore delivered to us, you reserve the right to withhold the above-mentioned concession to dealers on such Securities if sold to us at the public offering price, or if such concession has been allowed to us through our purchase at a net price, we agree to repay such concession upon your demand, plus in each case any taxes on redelivery, commissions, accrued interest and dividends paid in connection with such purchase or contract to purchase.
Appears in 3 contracts
Samples: Master Selected Dealer Agreement, Master Selected Dealer Agreement (eUnits(TM) 2 Year U.S. Market Participation Trust 2: Upside to Cap / Buffered Downside), Master Selected Dealer Agreement (eUNITs (TM) 2 Year U.S. Market Participation Trust: Upside to Cap / Buffered Downside)
Stabilization and Over-Allotment. You mayWe authorize you, with respect to any Offering, be authorized to over-allot in arranging sales to Selected Dealers, to purchase and sell Securities, any other securities of the issuer of the Securities of the same class and series and any other securities of such issuer that you may designate for long or short account and to stabilize or maintain the market price of the Securities. We agree to advise you from time to time upon request, prior to until the termination of this Agreement, (a) to effect transactions in the provisions of Section 3(b) with respect to any Offering, Shares of the amount of Securities purchased by us hereunder remaining unsold and we will, upon your request, sell to you, for the accounts of the Underwriters, such amount of Securities as you may designate, at the public offering price thereof less an amount to be determined by you not in excess of the concession to dealers. In the event that prior to the later of (i) the termination of the provisions of Section 3(b) with respect to any Offering, or (ii) the covering by you of any short position created by you in connection with such Offering for your account or the account of one or more Underwriters, you purchase or contract to purchase for the account of any of the UnderwritersCompany, in the open market or otherwise, including short sales, and on such terms and at such prices as you in your discretion may deem desirable, (b) in arranging for sales of Shares, to over-allot, and (c) either before or after the termination of this Agreement, to cover any Securities theretofore delivered short position or liquidate any long position incurred pursuant to this Section 9; subject, however, to the applicable rules and regulations of the Commission under the Exchange Act. All such purchases, sales and over-allotments shall be made for the accounts of the several Underwriters as nearly as practicable in proportion to their respective underwriting obligations; provided that our net position resulting from such purchases and sales and over-allotments shall not at any time exceed, for either long or short account, 15% of the number of Shares agreed to be purchased by us. We agree to take up at cost on demand any Shares purchased for our account pursuant to this Section 9, and to deliver on demand any of such Shares so sold or over-allotted for our account pursuant to this Section 9. If you engage in any stabilizing transactions as Representative of the Underwriters, you reserve shall notify us of that fact. Each of us agrees to file with you, within two business days following the right date of termination of such transactions, triplicate originals of a report "not as manager" on Form X-17A-1 in accordance with the requirements of Rule 17a-2(e) under the Exchange Act. You shall, as such Representative, file such reports with, and make the requisite reports on such transactions as required by, the Commission in accordance with Rule 17a-2 under the Exchange Act. We agree to withhold advise you, from time to time upon request until the above-mentioned settlement of accounts hereunder, of the number of Shares at the time retained by us unsold, and we will upon request sell to you for the accounts of one or more of the several Underwriters such number of our unsold Shares as you may designate, at the Offering Price less such amount, not in excess of the concession to dealers on such Securities if sold to us at the public offering priceDealers, or if such concession has been allowed to us through our purchase at a net price, we agree to repay such concession upon your demand, plus in each case any taxes on redelivery, commissions, accrued interest and dividends paid in connection with such purchase or contract to purchaseas you may determine.
Appears in 2 contracts
Samples: Underwriting Agreement (Ready Mix, Inc.), Underwriting Agreement (Ready Mix, Inc.)
Stabilization and Over-Allotment. You may, with respect to any Offering, be authorized to over-allot in arranging sales to Selected Dealers, to purchase and sell Securities, any other securities of the issuer of the Securities of the same class and series and any other securities of such issuer that you may designate for long or short account and to stabilize or maintain the market price of the Securities. We agree to advise you from time to time upon request, prior to the termination of the provisions of Section 3(b) with respect to any Offering, of the amount of Securities purchased by us hereunder remaining unsold and we will, upon your requestre quest, sell to you, for the accounts of the Underwriters, such amount of Securities as you may designate, at the public offering price thereof less an amount to be determined deter mined by you not in excess of the concession to dealers. In the event that prior to the later of (i) the termination of the provisions of Section 3(b) with respect to any Offering, or (ii) the covering by you of any short position created by you in connection with such Offering for your account or the account of one or more Underwriters, you purchase or contract to purchase for the account of any of the Underwriters, in the open market or otherwiseother wise, any Securities theretofore delivered to us, you reserve the right to withhold the above-mentioned concession to dealers on such Securities if sold to us at the public offering price, or if such concession has been allowed to us through our purchase at a net price, we agree to repay such concession upon your demand, plus in each case any taxes on redeliveryredeliver, commissions, accrued interest and dividends paid in connection with such purchase or contract to purchase.
Appears in 2 contracts
Samples: Master Selected Dealer Agreement (Pimco New York Municipal Income Fund Iii), Master Selected Dealer Agreement (Pimco Municipal Income Fund Ii)
Stabilization and Over-Allotment. You may, with respect to any Offering, be authorized to over-allot in arranging sales to Selected Dealers, to purchase and sell Securities, any other securities of the issuer of the Securities of the same class and series and any other securities of such issuer that you may designate for long or short account and to stabilize or maintain the market price of the Securities. We agree to advise you from time to time upon request, prior to the termination termina tion of the provisions of Section 3(b) with respect to any Offering, of the amount of Securities purchased by us hereunder remaining unsold and we will, upon your requestre quest, sell to you, for the accounts of the Underwriters, such amount of Securities as you may designate, at the public offering price thereof less an amount to be determined deter mined by you not in excess of the concession to dealers. In the event that prior to the later of (i) the termination termina tion of the provisions of Section 3(b) with respect to any Offering, or (ii) the covering by you of any short position created by you in connection with such Offering for your account or the account of one or more UnderwritersUnderwrit ers, you purchase or contract to purchase for the account of any of the Underwriters, in the open market or otherwiseother wise, any Securities theretofore delivered to us, you reserve the right to withhold the above-mentioned concession conces sion to dealers on such Securities if sold to us at the public offering price, or if such concession has been allowed to us through our purchase at a net price, we agree to repay such concession upon your demand, plus in each case any taxes on redelivery, commissions, accrued interest and dividends paid in connection with such purchase or contract to purchase.
Appears in 1 contract
Samples: Master Selected Dealer Agreement (Pimco New York Municipal Income Fund)
Stabilization and Over-Allotment. You may, with respect to any Offering, be authorized to over-allot overallot in arranging sales to Selected Dealers, to purchase and sell Securities, any other securities of the issuer of the Securities securities of the same class and series and any other securities of such issuer that you may designate for long or short account account, and to stabilize or maintain the market price of the Securities. We agree to advise you from time to time upon request, prior to the termination of the provisions of Section 3(b) with respect to any Offering, of the amount of Securities purchased by us hereunder remaining unsold and we will, upon your request, sell to you, for your account or the accounts of the one or more Underwriters, such amount of such unsold Securities as you may designate, at the public offering price thereof less an amount to be determined by you not in excess of the concession to dealers. In the event that If, prior to the later of (i) the termination of to the provisions of Section 3(b) with respect to any an Offering, or (ii) the covering by you of any short position created by you in connection with such Offering for your account or the account of one or more Underwriters, you purchase or contract to purchase for your account or the account of any of the one or more Underwriters, in the open market or otherwise, any Securities theretofore delivered to us, you reserve the right to withhold the above-mentioned concession to dealers on such Securities if sold to us at the public offering price, or if such concession has been allowed to us through our purchase at a net price, we agree to repay such concession upon your demand, plus in each case any taxes on redelivery, commissions, accrued interest interest, and dividends paid in connection with such purchase or contract to purchase.
Appears in 1 contract
Samples: Master Selected Dealers Agreement (Builder Acquisition Corp)