Institutional and Retail Sales Clause Samples
The "Institutional and Retail Sales" clause defines how a product or service may be offered and sold to both institutional clients, such as businesses or large organizations, and retail clients, meaning individual consumers. This clause typically outlines the different requirements, restrictions, or procedures that apply to each type of sale, such as compliance with specific regulations, disclosure obligations, or eligibility criteria. Its core function is to ensure that the sales process is tailored appropriately for each client type, thereby managing regulatory risk and ensuring that both institutional and retail customers are treated in accordance with applicable laws and industry standards.
Institutional and Retail Sales. You authorize the Manager to sell to institutions and retail purchasers such Securities purchased by you pursuant to the Underwriting Agreement as the Manager will determine. The Selling Concession on any such sales will be credited to the accounts of the Underwriters as the Manager will determine.
Institutional and Retail Sales. You authorize the Manager to sell to institutions and retail purchasers such Securities purchased by you pursuant to the Underwriting Agreement 2 Meant to permit disclosure of non-Issuer related information, such as benchmark Treasury rate, in preliminary term sheets or price talk. as the Manager will determine. The Selling Concession on any such sales will be credited to the accounts of the Underwriters as the Manager will determine.