Settlement Manager Sample Clauses

Settlement Manager. Each Underwriter (other than the Settlement Manager (as defined in the Schedules to the Agreement Among International Underwriters and the Agreement Among Hong Kong Underwriters)) authorizes the Settlement Manager, in its discretion, as agent for such Underwriter, to advance funds, charging current interest rates, or arrange loans for such Underwriter’s account in connection with the purchase or carrying of any Offer Shares and any other securities of the Company held for the account of such Underwriter under this Agreement and for any other of the purposes of this Agreement, to execute and deliver any notes or other instruments evidencing such advances or loans, to hold or pledge as security therefor any or all of such Offer Shares and to give all instructions to the lenders with respect to any such loans and the proceeds thereof, which instructions the lenders are hereby authorized to accept. In the event of any such advance or loan, repayment thereof shall, in the discretion of the Settlement Manager, be effected prior to the making of any remittance or delivery pursuant to this Agreement.