Underwriting Liabilities definition

Underwriting Liabilities means any amount which the Responsible Entity is or may become liable to pay to the Underwriter or any other person in respect of or arising out of any underwriting agreement for Units or Options, including but not limited to underwriting fees, handling fees, costs and expenses, amounts payable under indemnity or reimbursement provisions in the underwriting agreement and any amounts becoming payable in respect of any breach (other than for negligence, fraud or wilful breach of duty) by the Responsible Entity of its obligations, representations or warranties under any such underwriting agreement.
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Examples of Underwriting Liabilities in a sentence

  • As of the same date, AMCO hereby sells, assigns, and delivers to each of the Affiliated Companies, based upon their respective Applicable Participation Percentages, their proportionate share of the total Net Underwriting Liabilities of all of the Participants, and Affiliated Companies accept and assume the same.

  • A Participant which transfers Net Underwriting Liabilities as a result of such an adjustment in Applicable Participation Percentages shall transfer pro rata to the other Participants which have had their respective Applicable Participation Percentage adjusted either cash, securities, other property, or a combination thereof (at fair market value as of the date of transfer) in an amount equal to the reduced Net Underwriting Liabilities.

  • Section 5.1. In conformity with this Agreement, each Affiliated Company hereby sells, assigns, and delivers to AMCO all right, title, and interest in its Net Underwriting Liabilities as of the effective date of this Agreement, and AMCO hereby accepts and assumes the same.

  • A Participant which receives additional Net Underwriting Liabilities as a result of such an adjustment in Applicable Participation Percentages shall receive pro rata from the other Participants which have had their respective Applicable Participation Percentage adjusted either cash, securities, other property, or a combination thereof (at -14- fair market value as of the date of transfer) in an amount equal to the additional Net Underwriting Liabilities.

  • If the adjustment to the Applicable Participation Percentages is made only among the Affiliated Companies, then a transfer of Net Underwriting Liabilities among the Affiliated Companies in the same manner shall be required.

  • Whenever an adjustment to the Applicable Participation Percentages is made among the Participants, Net Underwriting Liabilities will be transferred from AMCO to Affiliated Companies as AMCO's Applicable Participation Percentage is lowered or from Affiliated Companies to AMCO as AMCO's Applicable Participation Percentage is increased.