Underwriting Commitments definition
Examples of Underwriting Commitments in a sentence
In each of the above cases, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters shall be reduced accordingly and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering.
All liabilities, expenses and losses arising from stabilization activities and transactions effected by the Stabilizing Manager or any person acting for it as stabilizing manager shall be for the respective accounts of the International Underwriters in the same proportions, as nearly as may be practicable, as the respective International Offering Underwriting Commitments of the International Underwriters, and may be deducted from the commissions payable to the International Underwriters.
In the event of such reallocation, the number of Unsold Hong Kong Offer Shares and the respective Hong Kong Public Offering Underwriting Commitments of the Hong Kong Underwriters shall be reduced in such manner and proportions as the Joint Global Coordinators may in their sole and absolute discretion determine.
If any Underwriter or Underwriters default in their obligations to make any payments under this paragraph, each non-defaulting Underwriter will be obligated to pay its proportionate share of all defaulted payments, based upon such Underwriter's Underwriting Commitment as related to the Underwriting Commitments of all non-defaulting Underwriters.
In addition to approval by the Investment Committee, Underwriting Commitments are subject to additional approval rules described in Policy 2.2 (Approval of Syndicated Credits).
All profits or gains arising from stabilizing activities and transactions effected by the Stabilizing Manager or any person acting for it as stabilizing manager shall be for the respective account of the Joint Global Coordinators in accordance with the proportions which their and their respective affiliates’ respective International Offering Underwriting Commitments bear to the total International Offering Underwriting Commitments of the Joint Global Coordinators and their respective affiliates.
All profits or gains arising from stabilizing activities and transactions effected by the Stabilizing Manager or any person acting for it shall be for the respective account of the Joint Sponsors in accordance with the proportions with their and their respective affiliates’ respective International Placing Underwriting Commitments bear to the total International Placing Underwriting Commitments of the Joint Sponsors and their respective affiliates.
All liabilities, expenses and losses arising from stabilisation activities and transactions effected by the Stabilising Manager as stabilising manager shall be for the respective accounts of the International Underwriters in the same proportions, as nearly as may be practicable, as the respective International Offering Underwriting Commitments of the International Underwriters, and may be deducted from the commissions payable to the International Underwriters.
Except for sales for the accounts of Underwriters designated by a purchaser, aggregate sales of Securities to institutions and for the accounts of Underwriters designated by a purchaser, aggregate sales of Securities to institutions and other retail purchasers will be made for the accounts of the several Underwriters as nearly as practicable in proportion to their respective Underwriting Commitments.
In the event of such reallocation, the number of Unsold Hong Kong Offer Shares and the respective Hong Kong Public Offering Underwriting Commitments of the Hong Kong Underwriters shall be reduced in such manner and proportions as the Sole Representative may in their sole and absolute discretion determine.