Common use of Establishment of Issue Price Clause in Contracts

Establishment of Issue Price. Together with the other Underwriters participating in the Account, you shall assist us in establishing the issue price of the Securities, including providing such information and certifications regarding sales of the Securities (including sales to any person that is a “related party” to an “underwriter” participating in the initial sale of the Securities to the “public”, each such term being used as defined below) as we may request from time to time. Unless otherwise notified by us, you shall assume that the Issuer will treat the first price at which 10% of each maturity of the Securities (the “10% test”) is sold to the public as the issue price of that maturity. If the 10% test has not been satisfied as to any maturity of the Securities, you agree to promptly report to us the prices at which you sell the unsold Securities of that maturity to the public. That reporting obligation shall continue, whether or not the Closing Date has occurred, until either (i) you have sold all Securities of that maturity allocated to you or (ii) we advise you that the 10% test has been satisfied as to the Securities of that maturity, provided that, your reporting obligation after the Closing Date may be at reasonable periodic intervals or otherwise upon our request. For purposes of this Section, if Securities mature on the same date but have different interest rates, each separate CUSIP number within that maturity will be treated as a separate maturity of the Securities. We shall notify you, in one or more Pricing Wires at or prior to the time of the Pricing Wire allocating the Securities, if the 10% test has not been satisfied as to any maturity of the Securities and whether we have agreed, on behalf of the Underwriters participating in the Account, to accept the restrictions set forth in the next sentence, which will allow the Issuer to treat the initial offering price to the public as of the sale date of that maturity as the issue price of that maturity (the “hold-the-offering-price rule”). In the event that the hold-the-offering-price rule shall be applicable to any maturity of the Securities, you agree that, so long as the hold-the-offering-price rule remains applicable to that maturity, you will neither offer nor sell unsold Securities of that maturity to any person at a price that is higher than the initial offering price to the public during the period starting on the sale date and ending on the earlier of the following: the close of the fifth (5th) business day after the sale date; or the date on which we have notified the Underwriters that the Account has sold at least 10% of that maturity of the Securities to the public at a price that is no higher than the initial offering price to the public. You acknowledge that you shall be solely liable for your failure to comply with the requirements of this Section VI, including, but not limited to, your agreement to comply with the hold-the-offering-price rule, if applicable to the Securities. Notwithstanding any provisions in the Purchase Contract relating to liability of the Account to the Issuer in connection with the establishment of issue price of the Securities, as among the Underwriters participating in the Account, no Underwriter shall be liable for the failure of any other Underwriter, or of any dealer who is a member of a selling group, or of any broker-dealer that is a party to a third-party distribution agreement, to comply with its corresponding agreement regarding the establishment of the issue price of the Securities, including, but not limited to, its agreement to comply with the hold-the-offering-price rule, if applicable to the Securities. In the event that the Account, or any one or more Underwriters participating in the Account, become liable or make any payment to the Issuer under the Purchase Contract as a result of the failure of any Underwriter, or of any broker-dealer that is a party to a third-party distribution agreement, to comply with its agreement regarding the establishment of the issue price of the Securities, the Underwriter that has failed to comply, or the Underwriter that is party to such third-party distribution agreement, shall indemnify the other Underwriters participating in the Account for any such liability or payment, in accordance with Section VIII.B of this Master Agreement. In the event that a selling group is created in connection with the initial sale of the Securities to the public, we agree that the Selling Group Agreement shall contain the agreement of each dealer who is a member of the selling group:

Appears in 1 contract

Samples: Master Agreement

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Establishment of Issue Price. Together with The Underwriter agrees to make a bona fide public offering of all of the other Underwriters participating in Bonds at prices not to exceed the Account, you shall public offering prices set forth on the cover of the Official Statement and may subsequently change such offering prices without any requirement of prior notice. The Underwriter may offer and sell Bonds to certain dealers (including dealers depositing Bonds into investment trusts) and others at prices lower than the public offering prices stated on the cover of the Official Statement. The Underwriter agrees to assist us the CBE in establishing the issue price of the SecuritiesBonds and shall execute and deliver to the CBE at Closing an "issue price" or similar certificate substantially in the form attached hereto as Exhibit C, including providing together with the supporting pricing wires or equivalent communications, with modifications to such information and certifications regarding sales certificate as may be deemed appropriate or necessary, in the reasonable judgment of the Securities Underwriter, the CBE and Bond Counsel (including sales to any person that is a “related party” to an “underwriter” participating in the initial sale of the Securities to the “public”, each such term being used as defined below) ), to accurately reflect, as we may request from time applicable, the sales price or prices or the initial offering price or prices to timethe public of the Bonds. Unless otherwise notified by us, you shall assume that [Except for the Issuer maturities set forth in Exhibit A attached hereto,] the CBE will treat the first price at which 10% of each maturity of the Securities Bonds (the "10% test") is sold to the public as the issue price of that maturity. If the 10% test has not been satisfied as to any maturity of the Securities, you agree to promptly report to us the prices at which you sell the unsold Securities of that maturity to the public. That reporting obligation shall continue, whether or not the Closing Date has occurred, until either (i) you have sold all Securities of that maturity allocated to you or (ii) we advise you that the 10% test has been satisfied as to the Securities of that maturity, provided that, your reporting obligation after the Closing Date may be at reasonable periodic intervals or otherwise upon our request. For purposes of this Section, if Securities mature on the same date but have different interest ratesrates apply within a maturity, each separate CUSIP number within that maturity will be treated subject to the 10% test). [The Underwriter confirms that it has offered the Bonds to the public on or before the date of this Purchase Agreement at the offering price or prices (the "initial offering price"), or at the corresponding yield or yields, set forth in the final Official Statement (as a separate maturity defined below). Exhibit A sets forth, as of the Securities. We shall notify youdate of this Purchase Agreement, in one or more Pricing Wires at or prior to the time maturities, if any, of the Pricing Wire allocating the Securities, if Bonds for which the 10% test has not been satisfied as to any maturity of and for which the Securities CBE and whether we have agreed, on behalf of the Underwriters participating in the Account, to accept Underwriter agree that the restrictions set forth in the next sentencesentence shall apply, which will allow the Issuer CBE to treat the initial offering price to the public of each such maturity as of the sale date of that maturity as the issue price of that maturity (the "hold-the-offering-price rule"). In the event that the hold-the-offering-price rule shall be applicable to any maturity of the Securities, you agree that, so So long as the hold-the-offering-price rule remains applicable to that maturityany maturity of the Bonds, you the Underwriter will neither offer nor sell unsold Securities Bonds of that maturity to any person at a price that is higher than the initial offering price to the public during the period starting on the sale date and ending on the earlier of the following: the close of the fifth (5th) business day after the sale date; or the date on which we have notified the Underwriters that the Account Underwriter has sold at least 10% of that maturity of the Securities Bonds to the public at a price that is no higher than the initial offering price to the public. You acknowledge The Underwriter shall promptly advise the CBE or the CBE's municipal advisor when the Underwriter has sold 10% of that you shall be solely liable for your failure maturity of the Bonds to the public at a price that is no higher than the initial offering price to the public, if that occurs prior to the close of the fifth (5th) business day after the sale date.] The CBE acknowledges that, in making the representation set forth in this subsection, the Underwriter will rely on (i) in the event a selling group has been created in connection with the initial sale of the Bonds to the public, the agreement of each dealer who is a member of the selling group to comply with the requirements hold-the-offering-price rule, as set forth in a selling group agreement and the related pricing wires, and (ii) in the event that the Underwriter is a party to a retail distribution agreement that was employed in connection with the initial sale of this Section VIthe Bonds to the public, including, but not limited to, your the agreement of each broker-dealer that is a party to such agreement to comply with the hold-the-offering-price rule, if applicable to the Securities. Notwithstanding any provisions as set forth in the Purchase Contract relating to liability of retail distribution agreement and the Account to related pricing wires. The CBE further acknowledges that the Issuer in connection with the establishment of issue price of the Securities, as among the Underwriters participating in the Account, no Underwriter shall be solely liable for its failure to comply with its agreement regarding the hold-the-offering-price rule, and that the Underwriter shall not be liable to the CBE for the failure of any other Underwriter, or of any dealer who is a member of a selling group, or of any broker-dealer that is a party to a third-party retail distribution agreement, agreement to comply with its corresponding agreement regarding the establishment hold-the-offering-price rule, as applicable to the Bonds. The Underwriter confirms that any selling group agreement and each retail distribution agreement (to which the Underwriter is a party) relating to the initial sale of the issue price Bonds to the public, together with the related pricing wires, contains or will contain language obligating the Underwriter, each dealer who is a member of the Securitiesselling group and each broker-dealer that is a party to such retail distribution agreement, includingas applicable, but not limited to, its agreement to (A) report the prices at which it sells to the public the unsold Bonds of each maturity allotted to it until it is notified by the Underwriter that either the 10% test has been satisfied as to the Bonds of that maturity or all Bonds of that maturity have been sold to the public and (B) comply with the hold-the-offering-price rule, if applicable to applicable, in each case if and for so long as directed by the Securities. In the event that the Account, or any one or more Underwriters participating Underwriter and as set forth in the Account, become liable or make any payment to the Issuer under the Purchase Contract as a result of the failure related pricing wires. The Underwriter acknowledges that sales of any Underwriter, or of Bonds to any broker-dealer person that is a related party to a third-party distribution agreement, an underwriter shall not constitute sales to comply with its agreement regarding the establishment of the issue price of the Securities, the Underwriter that has failed to comply, or the Underwriter that is party to such third-party distribution agreement, shall indemnify the other Underwriters participating in the Account public for any such liability or payment, in accordance with Section VIII.B purposes of this Master Agreementsection. In the event that a selling group is created in connection with the initial sale Further, for purposes of the Securities to the public, we agree that the Selling Group Agreement shall contain the agreement of each dealer who is a member of the selling groupthis Section 1:

Appears in 1 contract

Samples: Purchase Agreement

Establishment of Issue Price. Together with The Underwriter agrees to assist the other Underwriters participating in the Account, you shall assist us Issuer in establishing the issue price of the SecuritiesSeries 2020A Bonds and shall execute and deliver to the Issuer at Closing an “issue price” or similar certificate, including providing together with the supporting pricing wires or equivalent communications, substantially in the form attached hereto as Exhibit B, with such information and certifications regarding sales modifications as may be appropriate or necessary, in the reasonable judgment of the Securities (including Underwriter, the Issuer and Bond Counsel, to accurately reflect, as applicable, the sales to any person that is a “related party” to an “underwriter” participating in price or prices or the initial sale offering price or prices to the public of the Securities Series 2020A Bonds. All actions to be taken by the Issuer under this section to establish the issue price of the Series 2020A Bonds may be taken on behalf of the Issuer by the Underwriter Advisor and any notice or report to be provided to the “public”, each such term being used Issuer may be provided to the Underwriter. [Except as defined below) as we may request from time otherwise set forth in Schedule A attached to time. Unless otherwise notified by us, you shall assume that Exhibit B,] the Issuer will treat the first price at which 10% of each maturity of the Securities Series 2020A Bonds (the “10% test”) is sold to the public as the issue price of that maturity (if different interest rates apply within a maturity, each separate CUSIP number within that maturity will be subject to the 10% test). At or promptly after the execution of this Agreement, the Underwriter shall report to the Issuer the price or prices at which it has sold to the public each maturity of the Series 2020A Bonds. If at that time the 10% test has not been satisfied as to any maturity of the SecuritiesSeries 2020A Bonds, you agree the Underwriter agrees to promptly report to us the Issuer the prices at which you sell it sells the unsold Securities Series 2020A Bonds of that maturity to the public. That reporting obligation shall continue, whether or not the Closing Date has occurred, until either (i) you have sold all Securities of that maturity allocated to you or (ii) we advise you that the 10% test has been satisfied as to the Securities Series 2020A Bonds of that maturitymaturity or until all Series 2020A Bonds of that maturity have been sold to the public. [Schedule A and subsection (c) shall apply only if the Underwriter agrees to apply the hold-the-offering-price rule, provided that, your reporting obligation after as described below.] The Underwriter confirms that it has offered the Closing Date may be at reasonable periodic intervals Series 2020A Bonds to the public on or otherwise upon our request. For purposes before the date of this SectionAgreement at the offering price or prices (the “initial offering price”), or at the corresponding yield or yields, set forth on Schedule ___ attached to Exhibit B, except as otherwise set forth therein. Schedule ___ also sets forth, as of the date of this Agreement, the maturities, if Securities mature on the same date but have different interest ratesany, each separate CUSIP number within that maturity will be treated as a separate maturity of the Securities. We shall notify you, in one or more Pricing Wires at or prior to the time of the Pricing Wire allocating the Securities, if Series 2020A Bonds for which the 10% test has not been satisfied as to any maturity of and for which the Securities Issuer and whether we have agreed, on behalf of the Underwriters participating in the Account, to accept Underwriter agree that the restrictions set forth in the next sentencesentence shall apply, which will allow the Issuer to treat the initial offering price to the public of each such maturity as of the sale date of that maturity as the issue price of that maturity (the “hold-the-offering-price rule”). In the event that the hold-the-offering-price rule shall be applicable to any maturity of the Securities, you agree that, so So long as the hold-the-offering-price rule remains applicable to that maturityany maturity of the Series 2020A Bonds, you the Underwriter will neither offer nor sell unsold Securities Series 2020A Bonds of that maturity to any person at a price that is higher than the initial offering price to the public during the period starting on the sale date and ending on the earlier of the following: the close of the fifth (5th) business day after the sale date; or the date on which we have notified the Underwriters that the Account Underwriter has sold at least 10% of that maturity of the Securities Series 2020A Bonds to the public at a price that is no higher than the initial offering price to the public. You acknowledge The Underwriter confirms that you shall be solely liable any selling group agreement and any retail distribution agreement relating to the initial sale of the Series 2020A Bonds to the public, together with the related pricing wires, contains or will contain language obligating each dealer who is a member of the selling group and each broker-dealer that is a party to such retail distribution agreement, as applicable, to (i) report the prices at which it sells to the public the unsold Series 2020A Bonds of each maturity allotted to it until it is notified by the Underwriter that either the 10% test has been satisfied as to the Series 2020A Bonds of that maturity or all Series 2020A Bonds of that maturity have been sold to the public and (ii) comply with the hold-the-offering-price rule, if applicable, in each case if and for your failure so long as directed by the Underwriter. The Issuer acknowledges that, in making the representation set forth in this subsection, the Underwriter will rely on (1) in the event a selling group has been created in connection with the initial sale of the Series 2020A Bonds to the public, the agreement of each dealer who is a member of the selling group to comply with the requirements hold-the-offering-price rule, if applicable, as set forth in a selling group agreement and the related pricing wires, and (2) in the event that a retail distribution agreement was employed in connection with the initial sale of this Section VIthe Series 2020A Bonds to the public, including, but not limited to, your the agreement of each broker-dealer that is a party to such agreement to comply with the hold-the-offering-price rule, if applicable to the Securities. Notwithstanding any provisions applicable, as set forth in the Purchase Contract relating to liability of retail distribution agreement and the Account to related pricing wires. The Issuer further acknowledges that the Issuer in connection with the establishment of issue price of the Securities, as among the Underwriters participating in the Account, no Underwriter shall not be liable for the failure of any other Underwriter, or of any dealer who is a member of a selling group, or of any broker-dealer that is a party to a third-party retail distribution agreement, to comply with its corresponding agreement regarding the establishment of the issue price of the Securities, including, but not limited to, its agreement to comply with the hold-the-offering-price rule, if rule as applicable to the SecuritiesSeries 2020A Bonds. In the event The Underwriter acknowledges that the Account, or any one or more Underwriters participating in the Account, become liable or make any payment to the Issuer under the Purchase Contract as a result of the failure sales of any Underwriter, or of Series 2020A Bonds to any broker-dealer person that is a related party to a third-party distribution agreement, to comply with its agreement regarding the establishment of the issue price of the Securities, the Underwriter that has failed shall not constitute sales to comply, or the Underwriter that is party to such third-party distribution agreement, shall indemnify the other Underwriters participating in the Account public for any such liability or payment, in accordance with Section VIII.B purposes of this Master Agreementsection. In the event that a selling group is created in connection with the initial sale Further, for purposes of the Securities to the public, we agree that the Selling Group Agreement shall contain the agreement of each dealer who is a member of the selling groupthis section:

Appears in 1 contract

Samples: Bond Purchase Agreement

Establishment of Issue Price. Together with The Underwriter agrees to assist the other Underwriters participating in the Account, you shall assist us Issuer in establishing the issue price of the SecuritiesBonds and shall execute and deliver to the Issuer at Closing an “issue price” or similar certificate, including providing together with the supporting pricing wires or equivalent communications, substantially in the form attached hereto as Exhibit B, with such information and certifications regarding sales modifications as may be appropriate or necessary, in the reasonable judgment of the Securities (including Underwriter, the Issuer and Co-Bond Counsel, to accurately reflect, as applicable, the sales to any person that is a “related party” to an “underwriter” participating in price or prices or the initial sale offering price or prices to the public of the Securities Bonds. All actions to be taken by the Issuer under this section to establish the issue price of the Bonds may be taken on behalf of the Issuer by the Issuer’s Co-Bond Counsel and any notice or report to be provided to the “public”, each such term being used as defined below) as we Issuer may request from time be provided to timethe Issuer’s Co-Bond Counsel. Unless otherwise notified by us, you shall assume that the The Issuer will treat the first price at which 10% of each maturity of the Securities Bonds (the “10% test”) is sold to the public as the issue price of that maturity (if different interest rates apply within a maturity, each separate CUSIP number within that maturity will be subject to the 10% test). At or promptly after the execution of this Agreement, the Underwriter shall report to the Issuer the price or prices at which it has sold to the public each maturity of Bonds. If at that time the 10% test has not been satisfied as to any maturity of the SecuritiesBonds, you agree the Underwriter agrees to promptly report to us the Issuer the prices at which you sell the unsold Securities Bonds of that maturity have been sold by the Underwriter to the public. That reporting obligation shall continue, whether or not the Closing Date has occurred, until either (i) you have sold all Securities of that maturity allocated to you or (ii) we advise you that the 10% test has been satisfied as to the Securities Bonds of that maturity, provided that, your reporting obligation after the Closing Date may be at reasonable periodic intervals maturity or otherwise upon our request. For purposes until all Bonds of this Section, if Securities mature on the same date but have different interest rates, each separate CUSIP number within that maturity will be treated as a separate maturity have been sold to the public. The Underwriter confirms that any selling group agreement and any retail distribution agreement relating to the initial sale of the Securities. We shall notify you, in one or more Pricing Wires at or prior Bonds to the time public, together with the related pricing wires, contains or will contain language obligating each dealer who is a member of the Pricing Wire allocating selling group and each broker-dealer that is a party to such retail distribution agreement, as applicable, to (A) report the Securities, if prices at which it sells to the public the unsold Bonds of each maturity allotted to it until it is notified by the Underwriter that either the 10% test has not been satisfied as to any the Bonds of that maturity or all Bonds of the Securities and whether we that maturity have agreed, on behalf of the Underwriters participating in the Account, to accept the restrictions set forth in the next sentence, which will allow the Issuer to treat the initial offering price been sold to the public as of and (B) comply with the sale date of that maturity as the issue price of that maturity (the “hold-the-offering-price rule”), if applicable, in each case if and for so long as directed by the Underwriter. In The Issuer acknowledges that, in making the representation set forth in this subsection, the Underwriter will rely on (i) in the event that a selling group has been created in connection with the initial sale of the Bonds to the public, the agreement of each dealer who is a member of the selling group to comply with the hold-the-offering-price rule shall be applicable to any maturity rule, if applicable, as set forth in a selling group agreement and the related pricing wires, and (ii) in the event that a retail distribution agreement was employed in connection with the initial sale of the Securities, you agree that, so long as the hold-the-offering-price rule remains applicable to that maturity, you will neither offer nor sell unsold Securities of that maturity to any person at a price that is higher than the initial offering price to the public during the period starting on the sale date and ending on the earlier of the following: the close of the fifth (5th) business day after the sale date; or the date on which we have notified the Underwriters that the Account has sold at least 10% of that maturity of the Securities to the public at a price that is no higher than the initial offering price Bonds to the public. You acknowledge , the agreement of each broker-dealer that you shall be solely liable for your failure is a party to comply with the requirements of this Section VI, including, but not limited to, your such agreement to comply with the hold-the-offering-price rule, if applicable to the Securities. Notwithstanding any provisions applicable, as set forth in the Purchase Contract relating to liability of retail distribution agreement and the Account to related pricing wires. The Issuer further acknowledges that the Issuer in connection with the establishment of issue price of the Securities, as among the Underwriters participating in the Account, no Underwriter shall not be liable for the failure of any other Underwriter, or of any dealer who is a member of a selling group, or of any broker-dealer that is a party to a third-party retail distribution agreement, to comply with its corresponding agreement regarding the establishment of the issue price of the Securities, including, but not limited to, its agreement to comply with the hold-the-offering-price rule, if rule as applicable to the SecuritiesBonds. In the event The Underwriter acknowledges that the Account, or any one or more Underwriters participating in the Account, become liable or make any payment to the Issuer under the Purchase Contract as a result of the failure sales of any Underwriter, or of Bonds to any broker-dealer person that is a related party to a third-party distribution agreement, to comply with its agreement regarding the establishment of the issue price of the Securities, the Underwriter that has failed shall not constitute sales to comply, or the Underwriter that is party to such third-party distribution agreement, shall indemnify the other Underwriters participating in the Account public for any such liability or payment, in accordance with Section VIII.B purposes of this Master Agreementsection. In the event that a selling group is created in connection with the initial sale Further, for purposes of the Securities to the public, we agree that the Selling Group Agreement shall contain the agreement of each dealer who is a member of the selling groupthis section:

Appears in 1 contract

Samples: Note

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Establishment of Issue Price. Together with the other Underwriters participating in the Account, you shall assist us in establishing the issue price of the Securities, including providing such information and certifications regarding sales of the Securities (including sales to any person that is a “related party” to an “underwriter” participating in the initial sale of the Securities to the “public”, each such term being used as defined below) as we may request from time to time. Unless otherwise notified by us, you shall assume that the Issuer will treat the first price at which 10% of each maturity of the Securities (the “10% test”) is sold to the public as the issue price of that maturity. If the 10% test has not been satisfied as to any maturity of the Securities, you agree to promptly report to us the prices at which you sell the unsold Securities of that maturity to the public. That reporting obligation shall continue, whether or not the Closing Date has occurred, until either (i) you have sold all Securities of that maturity allocated to you or (ii) we advise you that the 10% test has been satisfied as to the Securities of that maturity, provided that, your reporting obligation after the Closing Date may be at reasonable periodic intervals or otherwise upon our request. For purposes of this Section, if Securities mature on the same date but have different interest rates, each separate CUSIP number within that maturity will be treated as a separate maturity of the Securities. We shall notify you, in one or more Pricing Wires at or prior to the time of the Pricing Wire allocating the Securities, if the 10% test has not been satisfied as to any maturity of the Securities and whether we have agreed, on behalf of the Underwriters participating in the Account, to accept the restrictions set forth in the next sentence, which will allow the Issuer to treat the initial offering price to the public as of the sale date of that maturity as the issue price of that maturity (the “hold-the-offering-price rule”). In the event that the hold-the-offering-price rule shall be applicable to any maturity of the Securities, you agree that, so long as the hold-the-offering-price rule remains applicable to that maturity, you will neither offer nor sell unsold Securities of that maturity to any person at a price that is higher than the initial offering price to the public during the period starting on the sale date and ending on the earlier of the following: the close of the fifth (5th) business day after the sale date; or the date on which we have notified the Underwriters that the Account has sold at least 10% of that maturity of the Securities to the public at a price that is no higher than the initial offering price to the public. You acknowledge that you shall be solely liable for your failure to comply with the requirements of this Section VI, including, but not limited to, your agreement to comply with the hold-the-offering-price rule, if applicable to the Securities. Notwithstanding any provisions in the Purchase Contract relating to liability of the Account to the Issuer in connection with the establishment of issue price of the Securities, as among the Underwriters participating in the Account, no Underwriter shall be liable for the failure of any other Underwriter, or of any dealer who is a member of a selling group, or of any broker-dealer that is a party to a third-party distribution agreement, to comply with its corresponding agreement regarding the establishment of the issue price of the Securities, including, but not limited to, its agreement to comply with the hold-the-offering-price rule, if applicable to the Securities. In the event that the Account, or any one or more Underwriters participating in the Account, become liable or make any payment to the Issuer under the Purchase Contract as a result of the failure of any Underwriter, or of any broker-dealer that is a party to a third-party distribution agreement, to comply with its agreement regarding the establishment of the issue price of the Securities, the Underwriter that has failed to comply, or the Underwriter that is party to such third-party distribution agreement, shall indemnify the other Underwriters participating in the Account for any such liability or payment, in accordance with Section VIII.B of this Master Agreement. In the event that a selling group is created in connection with the initial sale of the Securities to the public, we agree that the Selling Group Agreement shall contain the agreement of each dealer who is a member of the selling group:

Appears in 1 contract

Samples: Master Agreement

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