Underwriting Commission definition

Underwriting Commission has the meaning set forth in Section 2 hereof.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Underwriting Commission has the meaning ascribed to it in Clause 6.1;

Examples of Underwriting Commission in a sentence

Notwithstanding anything to the contrary in this Agreement, each Underwriter may at any time prior to the Specified Event and in its sole and absolute discretion, by written notice to the Company, elect to forfeit any right or claim to its Deferred Underwriting Commission, in which case the Company agrees to instruct the Trustee not to pay such Underwriter its Deferred Underwriting Commission upon the occurrence of a Specified Event.
The Company agrees that, so long as the Company is listed on a national securities exchange, the Target Business that it acquires must have a fair market value equal to at least 80% of the balance in the Trust Account at the time of signing the definitive agreement for the Business Combination with such Target Business (excluding taxes payable and the Deferred Underwriting Commission).
The amount of the payments for the Option Units to be deposited in the Trust Account will include $0.40 per Option Unit (up to $1,200,000), payable to the Representatives, as Deferred Underwriting Commission, in accordance with Section 1.3 hereof.
The Representatives on behalf of themselves and the Underwriters, further agree that the Deferred Underwriting Commission will be based on, and paid out of, funds available in the Trust Account after payments made out of the Trust Account to honor redemption rights of the Public Shareholders.
For the avoidance of doubt, any such election by an Underwriter shall be without prejudice to any right or claim of any other Underwriter to its respective portion of the Deferred Underwriting Commission or to any other right such Underwriter may have under this Agreement.

More Definitions of Underwriting Commission

Underwriting Commission. Notwithstanding anything to the contrary in the Underwriting Agreement, no additional underwriting commission shall be payable by the Company to the Underwriter in connection with the purchase of the Certificates. Information Provided by Underwriter: Closing Date and Location: __________ 19__ at the [Chicago, Illinois] offices of ▇▇▇▇▇, ▇▇▇▇▇ & ▇▇▇▇▇.

Underwriting Commission has the meaning ascribed thereto in Section 3.1 hereof;

Underwriting Commission has the meaning given to it in Schedule 1 of this Agreement under the sub-heading “Underwriting Commission”; and

Underwriting Commission has the meaning given to it in the ninth paragraph of this Agreement;

Underwriting Commission means the underwriting commissions payable to the Underwriters in connection with the Offering, not to exceed seven percent (7%).

Underwriting Commission has the meaning ascribed to it in Clause 6.1; “U.S.” or “United States” means the United States of America;

Underwriting Commission. [As set forth in the Hong Kong Underwriting Agreement] [[__]% per Hong Kong Offer Share] [[__]% of the total Offer Price for the Hong Kong Offer Shares, payable to the Hong Kong Underwriters in the same proportion as their respective Hong Kong Underwriting Commitment or in such other proportion as agreed in writing by the Hong Kong Underwriters] [All commissions payable by the Company to the [Global Coordinator]/[Settlement Manager] or any of the Hong Kong Underwriters pursuant to the Hong Kong Underwriting Agreement shall be payable by the Company to the Global Coordinator (for itself and on behalf of the Hong Kong Underwriters). The Global Coordinator will distribute to the Hong Kong Underwriters their respective commissions under the Hong Kong Underwriting Agreement.] [For the avoidance of doubt, any funds representing the commission held by the Global Coordinator prior to payment will be regarded as part of the Global Coordinator’s general funds without accountability of interest. Any interest on such funds shall accrue to the benefit of the Global Coordinator.] [If the Global Coordinator exercises its rights to take up any Hong Kong Offer Shares pursuant to the terms of the Hong Kong Underwriting Agreement, the Hong Kong Underwriter which has failed to take up the relevant Hong Kong Offer Shares shall not be entitled to receive any commission in relation to those Shares, which commission shall instead be paid as directed by the Global Coordinator.]