OFFERING NOT UNDERWRITTEN Clause Samples
The 'Offering Not Underwritten' clause states that the securities being offered are not backed or guaranteed by an underwriter. In practice, this means that the issuer is selling the securities directly to investors without the involvement of a financial intermediary who would typically purchase the entire offering and resell it to the public. This clause clarifies to potential investors that there is no third-party commitment to buy unsold securities, thereby allocating the risk of unsold shares to the issuer and ensuring transparency about the nature of the offering.
OFFERING NOT UNDERWRITTEN. In the event an offering pursuant to this Agreement is not underwritten, the Company, at the request of the requesting Holder, will enter into such agreements with any selling agents or similar persons as are customary; such agreements shall contain terms and provisions analogous to those described herein and, to the extent not so described, customary terms and provisions.
OFFERING NOT UNDERWRITTEN. 30 SECTION 6.7. Restrictions on Public Sale: Inconsistent Agreements........................................30 6.7.1. Lock-up...........................................30 6.7.2. No Distribution...................................30 SECTION 6.8. Rule 144..........................................31 SECTION 6.9. Transferability...................................31 SECTION 6.10. No Inconsistent Agreements........................31 SECTION 6.11. Recapitalization, etc.............................32 ARTICLE VII - INDEMNIFICATION.........................................32