Common use of Proprietary Trading Clause in Contracts

Proprietary Trading. The Company acknowledges and agrees that the Underwriters or certain of their respective affiliates may subscribe the Securities and be allocated the Securities for asset management and/or proprietary purposes and not with a view to distribution. Any certificate signed by any officer of the Company and delivered to the Representatives or counsel for the Underwriters in connection with an offering of Securities shall be deemed a representation and warranty by the Company to each Underwriter as to the matters covered thereby on the date of such certificate.

Appears in 11 contracts

Samples: Underwriting Agreement (Baidu, Inc.), Underwriting Agreement (Baidu, Inc.), Underwriting Agreement (Baidu, Inc.)

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