Common use of Underwritings Clause in Contracts

Underwritings. Unless otherwise specifically restricted by the Investment Guidelines, the Client agrees that the Bank may commit to purchase and purchase securities for the Account in underwritings of new issues, rights issues and similar offerings including, without limitation, underwritings in which the Bank, or Crédit Agricole Corporate and Investment Bank or any Affiliate, acts as sponsor, financial advisor, underwriter or lending bank, or in another capacity.

Underwritings. Unless otherwise specifically restricted by the Investment Guidelines, the The Client agrees that the Bank may recommend to the Client and upon the Client’s instructions commit to purchase and purchase securities for the Account in underwritings of new issues, rights issues and similar offerings including, without limitation, underwritings in which the Bank, or Crédit Agricole Corporate and Investment Bank or any Affiliate, acts as sponsor, financial advisor, underwriter or lending bank, or in another capacity.