Obligations of the Underwriters. (a) Each Underwriter represents and agrees that it has not and will not, directly or indirectly, offer, sell or deliver any of the Underwritten Notes or distribute the Preliminary Prospectus, the Prospectus or any other offering materials relating to the Underwritten Notes in or from any jurisdiction except under circumstances that will, to the best of its knowledge and belief, result in compliance with any applicable laws and regulations thereof and that, to the best of its knowledge and belief, will not impose any obligations on the Transferor, the Bank or the Issuer except as set forth herein.
Obligations of the Underwriters. The obligations of each Underwriter under this Agreement are several and independent and:
Obligations of the Underwriters. In performing their respective obligations under this Agreement, the Underwriters shall be acting severally and not jointly and severally. Nothing in this Agreement is intended to create any relationship in the nature of a partnership, or joint venture between the Underwriters.
Obligations of the Underwriters. The obligations of the Underwriters under this Agreement shall be several in all respects and not joint or joint and several. For greater certainty, the obligations of the Underwriters to purchase the Offered Shares shall be several and not joint or joint and several, and shall be limited to the percentages of the aggregate number of Offered Shares to be purchased set out opposite the names of the Underwriters respectively below: Beacon Securities Limited — 65 % GMP Securities L.P. — 35 % If an Underwriter does not complete the purchase and sale of the Offered Shares which that Underwriter has agreed to purchase under this Agreement (other than in accordance with Section 37 of this Agreement) (the “Defaulted Shares”), Beacon may delay the Closing Date for not more than three days without the prior written consent of the Company, and the remaining Underwriter (the “Continuing Underwriter”) will be entitled, at its option, to purchase all but not less than all of the Defaulted Shares. If the Continuing Underwriter does not elect to purchase the Defaulted Shares:
Obligations of the Underwriters. In performing their respective obligations under this Underwriting Agreement, the Underwriters shall be acting severally and not jointly and severally. Nothing in this Underwriting Agreement is intended to create any relationship in the nature of a partnership, or joint venture between the Underwriters. The Company hereby acknowledges that (i) the purchase and sale of the Units pursuant to this Agreement is an arm’s-length commercial transaction between the Company, on the one hand, and each of the Underwriters and any affiliate through which it may be acting, on the other, (ii) each of the Underwriters is acting as principal and not as an agent or fiduciary of the Company, and (iii) the Company’s engagement of each of the Underwriters in connection with the Offering and the process leading up to the Offering is as independent contractors and not in any other capacity.
Obligations of the Underwriters. 19.1 The obligations of the Underwriters to purchase at the Closing Time shall be several and not joint in that each Underwriter shall be obligated to purchase only the percentage of the Firm Units respectively set out opposite its name below: RBC Dominion Securities Inc. 27.0 % BMO Nxxxxxx Bxxxx Inc. 17.0 % CIBC World Markets Inc. 15.0 % TD Securities Inc. 8.0 % National Bank Financial Inc. 6.0 % Scotia Capital Inc. 6.0 % UBS Bxxxxxx Warburg Inc. 6.0 % HSBC Securities (Canada) Inc. 4.0 % Canaccord Capital Corporation 3.5 % Rxxxxxx Jxxxx Ltd. 3.5 % Dundee Securities Corporation 3.0 % FirstEnergy Capital Corp. 1.0 % Total 100 %
Obligations of the Underwriters. (1) Subject to the terms and conditions of this Agreement, the obligations of the Underwriters to purchase the Subscription Receipts at the Closing Time shall be several and not joint in that each Underwriter shall be obligated to purchase only the percentage of the Subscription Receipts respectively set out opposite its name below: Xxxxxxx Securities Inc. 45.0% Canaccord Genuity Corp. 30.0% PowerOne Capital Markets Limited 20.0% PI Financial Corp. 5.0% 100.0%
Obligations of the Underwriters. The Underwriters’ Representative shall, no later than 10 (ten) calendar days after the signing of this Agreement, provide the Bank with a list of representatives duly authorized to issue a Payment Demand with respect to the Account in connection with this Agreement, attaching thereto powers of attorney containing specimen signatures of the representatives, as well as such other documents as may be reasonably requested by the Bank, in form and content acceptable to the Bank, and provide the Bank with a power of attorney issued by the Client, authorizing the Underwriters’ Representative to obtain information pursuant to section 2.1(d) of this Agreement. The Underwriters’ Representative also agrees that the purpose of payments made to the Account will be indicated as “In payment for the Company Firm Shares under Underwriting Agreement”.
Obligations of the Underwriters. (1) All of the obligations of the Underwriters under this Agreement shall be several in all respects and not joint or joint and several. For greater certainty, the obligations of the Underwriters to purchase the Offered Shares shall be several and not joint or joint and several, and shall be limited to the percentages of the aggregate number of Offered Shares to be purchased set out opposite the names of the Underwriters respectively below: GMP Securities L.P. - 76% Beacon Securities Limited - 6% Cormark Securities Inc. - 6% Echelon Wealth Partners Inc. - 6% Eight Capital - 6%
Obligations of the Underwriters. The Underwriters’ obligation to purchase the Units at the Closing Time shall be several and not joint and shall be limited to the Underwriters’ respective obligations in this respect, and shall be as to the following percentages of the aggregate amount of Units to be purchased at that time: Mackie Research Capital Corporation 65% PI Financial Corp. 35%
