Non-Offered Certificates Clause Samples

The Non-Offered Certificates clause defines which certificates or securities are not being made available for sale or distribution under the terms of the agreement. In practice, this clause typically lists specific classes or tranches of certificates that are excluded from the offering, clarifying that investors cannot purchase or rely on these particular instruments as part of the transaction. Its core function is to ensure clarity for all parties by explicitly identifying excluded securities, thereby preventing misunderstandings or disputes regarding what is being offered.