PLACEMENT MANAGER definition
PLACEMENT MANAGER means Income Network Company, a California corporation, and an NASD Broker/Dealer which is an Affiliate of the General Partner and selected by the General Partner to sell the Units. 3.24 "SALES COMMISSIONS" shall mean those amounts paid to NASD Broker/Dealers selected by the General Partner as compensation or reimbursement for their services and expenses in marketing the Units. 3 4 3.25 "SUBSTITUTED LIMITED PARTNER" shall mean a transferee of Units who has succeeded to all the rights of a Limited Partner inherent in the ownership of Units. 3.26 "SYNDICATION FEE" shall mean the fee paid to the General Partner equal to 3% of the Gross Proceeds. 3.27 "TOTAL OUTSTANDING UNITS" shall mean all Units outstanding at a specified date. 3.28 "UNIT" shall mean an interest in the Partnership representing a capital contribution of $5,000 in cash and shall entitle the holder thereof to an interest in the income, gains, losses, deductions, credits and distributions of the Partnership.
PLACEMENT MANAGER means Income Network Company, a California corporation, and an NASD Broker/Dealer which is an Affiliate of the General Partner and selected by the General Partner to sell the Units. 3.24 "PROSPECTUS" shall mean the Prospectus dated June 6, 1994, of which this Agreement is Exhibit "B." 3.25 "SALES COMMISSIONS" shall mean those amounts paid to NASD Broker/Dealers selected by the General Partner as compensation or reimbursement for their services and expenses in marketing the Units. 3.26 "SUBSTITUTED LIMITED PARTNER"shall mean a transferee of Units who has succeeded to all the rights of a Limited Partner inherent in the ownership of Units. 3 4 3.27 "SYNDICATION FEE" shall mean the fee paid to the General Partner equal to 3% of the Gross Proceeds. 3.28 "TOTAL OUTSTANDING UNITS" shall mean all Units issued and outstanding at a specified date. 3.29 "UNIT" shall mean an interest in the Partnership representing a capital contribution of $2,500 in cash and shall entitle the holder thereof to an interest in the income, gains, losses, deductions, credits and distributions of the Partnership.
Examples of PLACEMENT MANAGER in a sentence
By:__________________________________________ Name: Title: [PLACEMENT MANAGER DESIGNEE] By:__________________________________________ Name: [FORM OF WARRANT CERTIFICATE] EXHIBIT A --------- "THE WARRANTS REPRESENTED BY THIS CERTIFICATE, AND THE SECURITIES ISSUABLE UPON EXERCISE OF SUCH WARRANTS, HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES.