Common Contracts
1 similar Placement Agent Agreement contracts
PLACEMENT AGENT AGREEMENT MUNICIPAL ISSUERSPlacement Agent Agreement • December 8th, 2023 • Missouri
This letter confirms the agreement (the “Agreement”) between Drexel Hamilton, LLC (“Drexel Hamilton” or “we” or “us”) and the City of Independence, Missouri (the “Issuer”, “City”, or “you”). You desire to engage Drexel Hamilton as a placement agent in connection with the placement of your Lease Purchase Agreement to be dated as of or around January 17, 2024 (the “Financing”). Pursuant to MSRB Rule 15c2-12(d), the financing will be issued in authorized denominations of $100,000 and or integral multiples of $5,000 in excess thereof. As currently contemplated, the Financing is expected to produce gross proceeds of approximately $20,000,000 to fund the acquisition of, and improvements to, certain real estate within the City. As a placement agent, Drexel Hamilton will have duties, roles and responsibilities that are different from those of a municipal advisor. You are directed to consider the MSRB Rule G-17 disclosures (Attachment A) relevant to placement agent activity.
