UNDERWRITER EXEMPTION Sample Clauses

The Underwriter Exemption clause defines circumstances under which an underwriter is not held liable for certain obligations or outcomes related to the securities offering. Typically, this clause specifies that the underwriter is exempt from responsibility for information provided by the issuer or for events outside their control, such as market fluctuations or regulatory changes. Its core function is to allocate risk by protecting the underwriter from legal or financial consequences arising from factors beyond their direct involvement, thereby encouraging their participation in the offering process.