Examples of Placement Notice in a sentence
Unless otherwise specified in the applicable Placement Notice, settlement for sales of Placement Units will occur on the first Trading Day (or such earlier date as is industry practice for regular-way trading) following the date on which such sales are made (each, a “Settlement Date”).
The Registration Statement shall have become effective and shall be available for the (i) resale of all Placement Units issued to an Agent and not yet sold by such Agent and (ii) sale of all Placement Units contemplated to be issued by any Placement Notice.
Notwithstanding anything to the contrary contained herein, the parties hereto agree that compliance with the limitations set forth in this Section 1 on the amount of Placement Units issued and sold under this Agreement shall be the sole responsibility of the Trust and that the Agents shall have no obligation in connection with such compliance, provided that the Agents shall not sell Units in excess of the amount set forth in any Placement Notice (as defined below).
In the event of a conflict between the terms of this Agreement and the terms of a Placement Notice, the terms of the Placement Notice will control.
The Placement Notice shall be effective unless and until (i) the Designated Agent declines to accept the terms contained therein for any reason, in its sole discretion, by providing email notice to the individuals from the Manager set forth on Schedule “C”, (ii) the entire amount of the Placement Units thereunder have been sold, (iii) the Manager, on behalf of the Trust, suspends or terminates the Placement Notice, or (iv) this Agreement has been terminated under the provisions of Section 13.