Examples of Continuing Underwriters in a sentence
Prize money is currently set at£180 for first prize and £60 each for second and third; all three prizes are awarded each month.
In the event that one or more but not all of the Underwriters shall exercise their right of termination under Section 19, the Continuing Underwriters shall have the right, but shall not be obligated, to purchase all of the percentage of the Offered Shares or the Additional Shares, as the case may be, that would otherwise have been purchased by such Underwriters which have so exercised their right of termination.
If the amount of the Offered Shares or the Additional Shares, as the case may be, that the Continuing Underwriters wish to purchase exceeds the amount of the Offered Shares or the Additional Shares, as the case may be, that would otherwise have been purchased by an Underwriter that is in default, Offered Shares or the Additional Shares, as the case may be, shall be divided pro rata among the Continuing Underwriters desiring to purchase such Offered Shares or the Additional Shares, as the case may be.
If no such arrangement has been made and the number of Defaulted Subscription Receipts does not exceed 5% of the Offered Subscription Receipts, the Continuing Underwriters will be obligated to purchase the Defaulted Subscription Receipts on the terms set out in this Agreement in proportion to their obligations under this Agreement.
If no such arrangement has been made and the number of Defaulted Units does not exceed 5% of the Offered Units, the Continuing Underwriters will be obligated to purchase the Defaulted Units on the terms set out in this Agreement in proportion to their obligations under this Agreement.