Underwriting Commission Sample Clauses
The Underwriting Commission clause defines the fee or compensation paid to underwriters for their role in facilitating the issuance and sale of securities. Typically, this commission is calculated as a percentage of the total amount raised or the value of securities sold, and it is paid by the issuer to the underwriters upon successful completion of the offering. This clause ensures that the underwriters are properly compensated for assuming the risk of buying securities from the issuer and reselling them to investors, thereby incentivizing their participation and expertise in the transaction.
Underwriting Commission. Notwithstanding anything to the contrary in the Underwriting Agreement, no additional underwriting commission shall be payable by the Company to the Underwriter in connection with the purchase of the Certificates.
Underwriting Commission. In consideration of the Hong Kong Underwriters assuming their Hong Kong Underwriting Commitment, the Company shall pay to the Joint Global Coordinators (for themselves and on behalf of the Hong Kong Underwriters) an underwriting commission up to 1.25% of the aggregate Public Offer Price in respect of all of the Hong Kong Offer Shares (excluding any International Offer Shares reallocated to the Hong Kong Public Offering and any Hong Kong Offer Shares reallocated to the International Offering in each case pursuant to Clause 4), out of which the Hong Kong Underwriters will pay any sub-underwriting commissions payable. The respective entitlements of the Hong Kong Underwriters to the underwriting commission, taking into account any reallocation of the Offer Shares pursuant to Clause 4, will be set out in the International Underwriting Agreement.
Underwriting Commission. As compensation for their commitments hereunder, the Company will pay to the Representatives, for the account of the Underwriters, at the Closing Time or on each Date of Delivery, if any, an amount equal to the total underwriting commission specified in Schedule B for the Firm Shares or the Option Shares sold and delivered by the Company at the Closing Time or such Date of Delivery, as applicable.
Underwriting Commission. 1The Representative agrees that 4.0% of the gross proceeds from the sale of the Firm Units ($10,440,000) and 6.0% of the gross proceeds from the sale of the Option Units (up to $2,349,000) (collectively, the “Deferred Underwriting Commission”) will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representative for the account of the several Underwriters upon consummation of the Company’s initial Business Combination. The Trust Agreement shall provide that the trustee is required to obtain a joint written instruction signed by both the Company and the Representative with respect to the transfer of the funds held in the Trust Account, including the payment of the Deferred Underwriting Commission from the Trust Account, prior to commencing any liquidation of the assets of the Trust Account in connection with the consummation of any Business Combination, and such provision of the Trust Agreement shall not be permitted to be amended without the prior written consent of the Representative. In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context, the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees that: (i) the Underwriters shall forfeit any rights or claims to the Deferred Underwriting Commission, including any accrued interest thereon; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro-rata basis among the Public Shareholders. The Representative shall have the right to agree to any further modifications to the Deferred Underwriting Commission on behalf of the Underwriters and any decisions relating to such modifications shall be made exclusively by the Representative on behalf of the Underwriters. Any amounts paid in Deferred Underwriting Commission will be fully earned by each Underwriter upon the payment of the purchase price for the Units purchased by such Underwriter on the closing of this Offering (including payment of the purchase price of any Option Units) and will be paid if and when the Company consummates its Business Combination, and for the avoidance of doubt, no Underwriter shall have any obligations hereunder to provide any services in connection with an initial Business Combination, without any further conditions. Notwithstanding anythi...
Underwriting Commission. Notwithstanding anything to the contrary in the Underwriting Agreement, no additional underwriting commission shall be payable by the Company to the Underwriters in connection with the purchase of the Certificates. Closing Date and Location: April 25, 2000 at the Chicago, Illinois offices of ▇▇▇▇▇, ▇▇▇▇▇ & ▇▇▇▇▇.
Underwriting Commission. The Company shall pay to the Joint Global Coordinators (for themselves and on behalf of the Hong Kong Underwriters) an underwriting commission equal to 1.25 per cent. of the aggregate Public Offer Price in respect of all of the Hong Kong Offer Shares (excluding any International Offer Shares reallocated to the Hong Kong Public Offering and any Hong Kong Offer Shares reallocated to the International Offering, in each case pursuant to Clause 4). For the avoidance of doubt, no underwriting commission in respect of any International Offer Shares reallocated to the Hong Kong Public Offering and any Hong Kong Offer Shares reallocated to the International Offering shall be paid to the Hong Kong Underwriters as the relevant underwriting commission relating to such Offer Shares will be payable to the International Underwriters in accordance with the International Underwriting Agreement. The respective entitlement of the Joint Global Coordinators and the Hong Kong Underwriters to the underwriting commission will be set out in the International Underwriting Agreement.
Underwriting Commission. Commission for subscribing to shares ....... ..... ..... 23 11 CERTIFICATES
Underwriting Commission. The Company may at any time pay a commission to any person for Commission for subscribing or agreeing to subscribe (whether absolutely or conditionally) for subscribing to shares any shares, debentures or other securities of the Company or procuring or agreeing to procure subscriptions (whether absolute or conditional) for any shares, debentures or other securities of the Company but so that if the commission in respect of the shares, debentures or other securities shall be paid or payable out of the capital, the statutory conditions and requirements shall be observed and complied with and the amount or rate of commission shall not exceed the rates prescribed by the Act and the Banking Act. The commission may be paid or satisfied in cash or in shares, debentures or other securities of the Company or partly in one and partly in the other. The Company may also, on any issue of shares, debentures or other securities pay such brokerage as may be lawful.
Underwriting Commission. 7.1.1 Subject to this Agreement having become unconditional and not having been terminated under its terms, the Company will pay the Overall Coordinators (on behalf of the Hong Kong Underwriters) a fixed underwriting commission equal to 1.5 per cent. of the Reference Hong Kong Public Offering Amount (the "Fixed Underwriting Commission"). The Fixed Underwriting Commission shall be allocated among the Hong Kong Underwriters in accordance with the respective Hong Kong Public Offering Underwriting Commitment of each Hong Kong Underwriter as set forth in Schedule 1.
7.1.2 The Company may, at its sole and absolute discretion, and by reference to the agreed form discretionary incentive fee evaluation criteria, elect to pay to the Overall Coordinators (on behalf of the Hong Kong Underwriters) a discretionary incentive fee of up to 1.0 per cent. of the Reference Hong Kong Public Offering Amount (the "Discretionary Incentive Fee").
7.1.3 If the Company elects to pay any Discretionary Incentive Fee, the amount of the Discretionary Incentive Fee and the respective entitlements of the Hong Kong Underwriters to any Discretionary Incentive Fee shall be determined by the Company at its sole and absolute discretion and shall be set out in a notice to be delivered by the Company to the Overall Coordinators (for themselves and on behalf of the Hong Kong Underwriters) on or before the Price Determination Date, and the Company shall pay the Discretionary Incentive Fee within 15 Business Days of the date of such notice. For the avoidance of doubt, the Discretionary Incentive Fee shall not be deducted from the proceeds of the Share Offer to be paid to the Company at the closing of the Share Offer.
Underwriting Commission. 11 Certificates ....... ..... ..... 11 Calls ....... ..... ..... 12