Underwriting Contract Sample Clauses
An Underwriting Contract is a legal agreement in which an underwriter commits to purchasing securities from an issuer and reselling them to the public, thereby guaranteeing the issuer will raise a specified amount of capital. Typically, this contract outlines the terms of the offering, the responsibilities of the underwriter, and the pricing of the securities. For example, in an initial public offering (IPO), the underwriter may agree to buy all unsold shares, assuming the risk of sale. The core function of this clause is to ensure the issuer secures necessary funding while allocating the risk of market demand to the underwriter.
POPULAR SAMPLE Copied 2 times
Underwriting Contract. The Trustees may in their discretion from time to time enter into an exclusive or non-exclusive distribution contract or contracts providing for the sale of the Shares whereby the Trustees may either agree to sell the Shares to the other party to the contract or appoint such other party as their sales agent for the Shares, and in either case on such terms and conditions, if any, as may be prescribed in the By-laws, and such further terms and conditions as the Trustees may in their discretion determine not inconsistent with the provisions of this Article III or of the By-laws; and such contract may also provide for the repurchase of the Shares by such other party as agent of the Trustees.
Underwriting Contract. The Trustees may in their discretion from time to time enter into an exclusive or non-exclusive underwriting or distribution contract or contracts providing for the sale of the Shares, Preferred Securities or other securities issued by the Trust whereby the Trustees may either agree to sell such securities to the other party to the contract or appoint such other party as their sales agent for the such securities, and in either case on such terms and conditions, if any, as may be prescribed in the By-Laws, any applicable Securities Designation and such further terms and conditions as the Trustees may in their discretion determine not inconsistent with the provisions of this Article III or of the By-Laws and such Securities Designation; and such contract may also provide for the repurchase of such securities by such other party as agent of the Trustees.
Underwriting Contract. 9 Section 2. Advisory or Management Contract...............................................10 Section 3.
Underwriting Contract. 9 Section 2. Advisory or Management Contract...............................................10 Section 3.
Underwriting Contract. The Directors may in their discretion from time to time enter into an exclusive or non-exclusive distribution contract or contracts providing for the sale of the Shares whereby the Directors may either agree to sell the Shares to the other party to the contract or appoint such other party as their sales agent for the Shares, and in either case on such terms and conditions, if any, as may be prescribed in the By-laws, and such further terms and conditions as the Directors may in their discretion determine not inconsistent with the provisions of this Article III or of the By-laws; and such contract may also provide for the repurchase of the Shares by such other party as agent of the Directors.