Underwriter Engagement Clause Samples
The Underwriter Engagement clause defines the formal agreement between a company and an underwriter, outlining the terms under which the underwriter will provide services related to the issuance of securities. Typically, this clause specifies the scope of the underwriter's responsibilities, such as marketing the securities, conducting due diligence, and managing the offering process. It may also address compensation, exclusivity, and the duration of the engagement. The core function of this clause is to establish clear expectations and obligations for both parties, thereby ensuring a structured and efficient process for the securities offering.
Underwriter Engagement. The Company does not have any expectation, understanding or agreement with any Underwriter for such Underwriter to provide any additional services to the Company after the consummation of the Offering relating to the initial Business Combination, the financing thereof or other related transactions. Any Underwriter’s provision of any such additional services in connection with the initial Business Combination will require the Company’s separate engagement of such Underwriter in connection with the initial Business Combination and the entry into a related written engagement agreement between such Underwriter and the Company setting forth the terms and conditions of the additional services to be provided by such Underwriter to the Company.