Examples of Distribution Agent in a sentence
From time to time during the term of the equity distribution agreement, we will notify each Distribution Agent of the maximum amount of shares of our common stock to be sold, the dates on which such sales are requested to be made, the minimum price below which sales may not be made and any limitation on the number of shares that may be sold in any one day.
We will pay each Distribution Agent a commission at a mutually agreed rate of up to 2% of the gross sale proceeds from sales of shares of our common stock under the equity distribution agreement.
The Dealer Manager may reallow all or a portion of the stockholder servicing fee to the Participating Distribution Agents who sold the Shares giving rise to a portion of such stockholder servicing fee, in each case to the extent the Participating Distribution Agreement with such Participating Distribution Agent provides for such a reallowance and such Participating Distribution Agent is in compliance with the terms of such Participating Distribution Agreement related to such reallowance.
In addition to any payments to the Dealer Manager pursuant to this Section 4, the Company may reimburse the Dealer Manager or any Participating Distribution Agent for reasonable bona fide due diligence expenses incurred by the Dealer Manager or any Participating Distribution Agent.
Settlement for sales of our common stock will occur on the second trading day following the date on which any sales are made or some other date as may be agreed upon by us and the applicable Distribution Agent, with respect to any particular transaction.