Participating Underwriters definition
Examples of Participating Underwriters in a sentence
This Disclosure Undertaking is being executed and delivered by the County for the benefit of the Registered Owners and Beneficial Owners of the Certificates and in order to assist the Participating Underwriters in complying with S.E.C. Rule 15c2- 12(b)(5) under the Securities Exchange Act of 1934, as amended.
The Issuer shall have no liability to the Registered Owners, Participating Underwriters, Beneficial Owners or any other person with respect to the actions by the Borrower relating to the Disclosure Requirements.
Accordingly, the Commonwealth is an obligated person for whom financial or operating data is presented in the Official Statement, and the Commonwealth has separately executed and delivered a continuing disclosure agreement dated the date hereof related to the offering and sale of the Bonds for the benefit of Holders of the Bonds and to assist the Participating Underwriters in complying with the Rule.
This Disclosure Agreement shall inure solely to the benefit of the Authority, the Company, the Trustee, the Participating Underwriters and the Holders from time to time of the Bonds, and shall create no rights in any other person or entity.
The purpose of this Disclosure Agreement is to assist Participating Underwriters in complying with the Rule in connection with a primary offering of an issue of Bonds.