Common use of Solicitations as Agent Clause in Contracts

Solicitations as Agent. In connection with your actions as agent hereunder, you agree to use reasonable efforts to solicit offers to purchase Program Securities upon the terms and conditions set forth in the Prospectus as then amended or supplemented. The relevant Issuer reserves the right, in its sole discretion, to instruct you to suspend at any time, for any period of time or permanently, the solicitation of offers to purchase Program Securities. Upon receipt of at least one business day’s prior notice from the relevant Issuer, you will forthwith suspend solicitations of offers to purchase Program Securities from the relevant Issuer until such time as the relevant Issuer has advised you that such solicitation may be resumed. While such solicitation is suspended, the relevant Issuer shall not be required to deliver any certificates, opinions or letters in accordance with Sections ‎6(a), ‎6(b) and ‎6(c); provided, however, that if the Registration Statement or Prospectus is amended or supplemented during the period of suspension (other than by an amendment or supplement providing solely for (i) in the case of Notes issued alone or as part of a Unit, a change in the interest rates, redemption provisions, amortization schedules or maturities offered on the Notes, (ii) in the case of Units, a change in the exercise price, exercise date or period or expiration of an underlying Warrant or a change in the settlement date or purchase or sale price of an underlying Purchase Contract, (iii) in the case of Warrants, a change in the exercise price, exercise date or period or expiration of a Warrant or (iv) for a change you deem to be immaterial), you shall not be required to resume soliciting offers to purchase Program Securities until the relevant Issuer has delivered such certificates, opinions and letters as you may request. The relevant Issuer agrees to pay to you, as consideration for the sale of each Program Security resulting from a solicitation made or an offer to purchase received by you, a commission in the form of a discount from the purchase price of such Program Security equal to between 0.125% and 0.750% (depending upon, in the case of Notes, such Note’s maturity, in the case of Units, any underlying Note’s maturity or the terms of the Units and of the securities comprised by such Units or, in the case of Warrants, the expiration and terms of the Warrants) of the principal amount of such Note, in the case of Units, the face amount of such Unit, or, in the case of Warrants, the purchase price of such Warrant (provided that the commission for Notes having a maturity of, Units including Notes or other securities having a maturity of, or Warrants expiring in, 30 years or more will be negotiated) or such other discount as may be specified in the prospectus supplement relating to such Note, Unit or Warrant. You shall communicate to the relevant Issuer, orally or in writing, each offer to purchase Program Securities received by you as agent that in your judgment should be considered by the relevant Issuer. The relevant Issuer shall have the sole right to accept offers to purchase Program Securities and may reject any offer in whole or in part. You shall have the right to reject any offer to purchase Program Securities that you consider to be unacceptable, and any such rejection shall not be deemed a breach of your agreements contained herein. The procedural details relating to the issue and delivery of Program Securities sold by you as agent and the payment therefor shall be as set forth in the Administrative Procedures (as defined below).

Appears in 2 contracts

Samples: MSFL Warrant Agreement (Morgan Stanley Finance LLC), MSFL Warrant Agreement (Morgan Stanley Finance LLC)

AutoNDA by SimpleDocs

Solicitations as Agent. In connection with your actions as agent hereunder, you agree to use reasonable efforts to solicit offers to purchase Program Securities upon the terms and conditions set forth in the Prospectus as then amended or supplemented. The relevant Issuer Company reserves the right, in its sole discretion, to instruct you to suspend at any time, for any period of time or permanently, the solicitation of offers to purchase Program Securities. Upon receipt of at least one business day’s prior notice from the relevant IssuerCompany, you will forthwith suspend solicitations of offers to purchase Program Securities from the relevant Issuer Company until such time as the relevant Issuer Company has advised you that such solicitation may be resumed. While such solicitation is suspended, the relevant Issuer Company shall not be required to deliver any certificates, opinions or letters in accordance with Sections ‎6(a5(a), ‎6(b5(b) and ‎6(c5(c); provided, however, that if the Registration Statement or Prospectus is amended or supplemented during the period of suspension (other than by an amendment or supplement providing solely for (i) in the case of Notes issued alone or as part of a Unit, a change in the interest rates, redemption provisions, amortization schedules or maturities offered on the Notes, (ii) in the case of Units, a change in the exercise price, exercise date or period or expiration of an underlying Warrant or a change in the settlement date or purchase or sale price of an underlying Purchase Contract, (iii) in the case of Warrants, a change in the exercise price, exercise date or period or expiration of a Warrant or (iv) for a change you deem to be immaterial), you shall not be required to resume soliciting offers to purchase Program Securities until the relevant Issuer Company has delivered such certificates, opinions and letters as you may request. The relevant Issuer Company agrees to pay to you, as consideration for the sale of each Program Security resulting from a solicitation made or an offer to purchase received by you, a commission in the form of a discount from the purchase price of such Program Security equal to between 0.125.125% and 0.750.750% (depending upon, in the case of Notes, such Note’s maturity, in the case of Units, any underlying Note’s maturity or the terms of the Units and of the securities comprised by such Units or, in the case of Warrants, the expiration and terms of the Warrants) of the principal amount of such Note, in the case of Units, the face amount of such Unit, or, in the case of Warrants, the purchase price of such Warrant (provided that the commission for Notes having a maturity of, Units including Notes or other securities having a maturity of, or Warrants expiring in, 30 years or more will be negotiated) or such other discount as may be specified in the prospectus supplement Prospectus Supplement relating to such Note, Unit or Warrant. You shall communicate to the relevant IssuerCompany, orally or in writing, each offer to purchase Program Securities received by you as agent that in your judgment should be considered by the relevant IssuerCompany. The relevant Issuer Company shall have the sole right to accept offers to purchase Program Securities and may reject any offer in whole or in part. You shall have the right to reject any offer to purchase Program Securities that you consider to be unacceptable, and any such rejection shall not be deemed a breach of your agreements contained herein. The procedural details relating to the issue and delivery of Program Securities sold by you as agent and the payment therefor shall be as set forth in the Administrative Procedures (as defined belowhereinafter defined).

Appears in 2 contracts

Samples: Distribution Agreement (Morgan Stanley Capital Trust XII), Notes Terms Agreement (Morgan Stanley Capital Trust XI)

Solicitations as Agent. In connection with your actions as agent hereunder, you agree to use reasonable efforts to solicit offers to purchase Program Securities upon the terms and conditions set forth in the Prospectus as then amended or supplemented. The relevant Issuer reserves the right, in its sole discretion, to instruct you to suspend at any time, for any period of time or permanently, the solicitation of offers to purchase Program Securities. Upon receipt of at least one business day’s prior notice from the relevant Issuer, you will forthwith suspend solicitations of offers to purchase Program Securities from the relevant Issuer until such time as the relevant Issuer has advised you that such solicitation may be resumed. While such solicitation is suspended, the relevant Issuer shall not be required to deliver any certificates, opinions or letters in accordance with Sections ‎6(a), ‎6(b) and ‎6(c); provided, however, that if the Registration Statement or Prospectus is amended or supplemented during the period of suspension (other than by an amendment or supplement providing solely for (i) in the case of Notes issued alone or as part of a Unit, a change in the interest rates, redemption provisions, amortization schedules or maturities offered on the Notes, (ii) in the case of Units, a change in the exercise price, exercise date or period or expiration of an underlying Warrant or a change in the settlement date or purchase or sale price of an underlying Purchase Contract, (iii) in the case of Warrants, a change in the exercise price, exercise date or period or expiration of a Warrant or (iv) for a change you deem to be immaterial), you shall not be required to resume soliciting offers to purchase Program Securities until the relevant Issuer has delivered such certificates, opinions and letters as you may request. The relevant Issuer agrees to pay to you, as consideration for the sale of each Program Security resulting from a solicitation made or an offer to purchase received by you, a commission in the form of a discount from the purchase price of such Program Security equal to between 0.125.125% and 0.750.750% (depending upon, in the case of Notes, such Note’s maturity, in the case of Units, any underlying Note’s maturity or the terms of the Units and of the securities comprised by such Units or, in the case of Warrants, the expiration and terms of the Warrants) of the principal amount of such Note, in the case of Units, the face amount of such Unit, or, in the case of Warrants, the purchase price of such Warrant (provided that the commission for Notes having a maturity of, Units including Notes or other securities having a maturity of, or Warrants expiring in, 30 years or more will be negotiated) or such other discount as may be specified in the prospectus supplement relating to such Note, Unit or Warrant. You shall communicate to the relevant Issuer, orally or in writing, each offer to purchase Program Securities received by you as agent that in your judgment should be considered by the relevant Issuer. The relevant Issuer shall have the sole right to accept offers to purchase Program Securities and may reject any offer in whole or in part. You shall have the right to reject any offer to purchase Program Securities that you consider to be unacceptable, and any such rejection shall not be deemed a breach of your agreements contained herein. The procedural details relating to the issue and delivery of Program Securities sold by you as agent and the payment therefor shall be as set forth in the Administrative Procedures (as defined belowhereinafter defined).

Appears in 2 contracts

Samples: MSFL Warrant Agreement (Morgan Stanley), MSFL Warrant Agreement (Morgan Stanley Capital Trust Iv)

Solicitations as Agent. In connection with your actions as agent hereunder, you agree to use reasonable efforts to solicit offers to purchase Program Securities upon the terms and conditions set forth in the Prospectus as then amended or supplemented. The relevant Issuer reserves the right, in its sole discretion, to instruct you to suspend at any time, for any period of time or permanently, the solicitation of offers to purchase Program Securities. Upon receipt of at least one business day’s prior notice from the relevant Issuer, you will forthwith suspend solicitations of offers to purchase Program Securities from the relevant Issuer until such time as the relevant Issuer has advised you that such solicitation may be resumed. While such solicitation is suspended, the relevant Issuer shall not be required to deliver any certificates, opinions or letters in accordance with Sections ‎6(a6(a), ‎6(b6(b) and ‎6(c6(c); provided, however, that if the Registration Statement or Prospectus is amended or supplemented during the period of suspension (other than by an amendment or supplement providing solely for (i) in the case of Notes issued alone or as part of a Unit, a change in the interest rates, redemption provisions, amortization schedules or maturities offered on the Notes, (ii) in the case of Units, a change in the exercise price, exercise date or period or expiration of an underlying Warrant or a change in the settlement date or purchase or sale price of an underlying Purchase Contract, (iii) in the case of Warrants, a change in the exercise price, exercise date or period or expiration of a Warrant or (iv) for a change you deem to be immaterial), you shall not be required to resume soliciting offers to purchase Program Securities until the relevant Issuer has delivered such certificates, opinions and letters as you may request. The relevant Issuer agrees to pay to you, as consideration for the sale of each Program Security resulting from a solicitation made or an offer to purchase received by you, a commission in the form of a discount from the purchase price of such Program Security equal to between 0.125.125% and 0.750.750% (depending upon, in the case of Notes, such Note’s maturity, in the case of Units, any underlying Note’s maturity or the terms of the Units and of the securities comprised by such Units or, in the case of Warrants, the expiration and terms of the Warrants) of the principal amount of such Note, in the case of Units, the face amount of such Unit, or, in the case of Warrants, the purchase price of such Warrant (provided that the commission for Notes having a maturity of, Units including Notes or other securities having a maturity of, or Warrants expiring in, 30 years or more will be negotiated) or such other discount as may be specified in the prospectus supplement relating to such Note, Unit or Warrant. You shall communicate to the relevant Issuer, orally or in writing, each offer to purchase Program Securities received by you as agent that in your judgment should be considered by the relevant Issuer. The relevant Issuer shall have the sole right to accept offers to purchase Program Securities and may reject any offer in whole or in part. You shall have the right to reject any offer to purchase Program Securities that you consider to be unacceptable, and any such rejection shall not be deemed a breach of your agreements contained herein. The procedural details relating to the issue and delivery of Program Securities sold by you as agent and the payment therefor shall be as set forth in the Administrative Procedures (as defined belowhereinafter defined).

Appears in 1 contract

Samples: MSFL Warrant Agreement (Morgan Stanley Finance LLC)

Solicitations as Agent. In connection with your actions as agent hereunder, you agree to use reasonable efforts to solicit offers to purchase Program Securities upon the terms and conditions set forth in the Prospectus as then amended or supplemented. The relevant Issuer Company reserves the right, in its sole discretion, to instruct you to suspend at any time, for any period of time or permanently, the solicitation of offers to purchase Program Securities. Upon receipt of at least one business day’s prior notice from the relevant IssuerCompany, you will forthwith suspend solicitations of offers to purchase Program Securities from the relevant Issuer Company until such time as the relevant Issuer Company has advised you that such solicitation may be resumed. While such solicitation is suspended, the relevant Issuer Company shall not be required to deliver any certificates, opinions or letters in accordance with Sections ‎6(a5(a), ‎6(b5(b) and ‎6(c5(c); provided, however, that if the Registration Statement or Prospectus is amended or supplemented during the period of suspension (other than by an amendment or supplement providing solely for (i) in the case of Notes issued alone or as part of a Unit, a change in the interest rates, redemption provisions, amortization schedules or maturities offered on the Notes, (ii) in the case of Units, a change in the exercise price, exercise date or period or expiration of an underlying Warrant or a change in the settlement date or purchase or sale price of an underlying Purchase Contract, (iii) in the case of Warrants, a change in the exercise price, exercise date or period or expiration of a Warrant or (iv) for a change you deem to be immaterial), you shall not be required to resume soliciting offers to purchase Program Securities until the relevant Issuer Company has delivered such certificates, opinions and letters as you may request. The relevant Issuer Company agrees to pay to you, as consideration for the sale of each Program Security resulting from a solicitation made or an offer to purchase received by you, a commission in the form of a discount from the purchase price of such Program Security equal to between 0.125.125% and 0.750.750% (depending upon, in the case of Notes, such Note’s maturity, in the case of Units, any underlying Note’s maturity or the terms of the Units and of the securities comprised by such Units or, in the case of Warrants, the expiration and terms of the Warrants) of the principal amount of such Note, in the case of Units, the face amount of such Unit, or, in the case of Warrants, the purchase price of such Warrant (provided that the commission for Notes having a maturity of, Units including Notes or other securities having a maturity of, or Warrants expiring in, 30 years or more will be negotiated) or such other discount as may be specified in the prospectus supplement relating to such Note, Unit or Warrant. You shall communicate to the relevant IssuerCompany, orally or in writing, each offer to purchase Program Securities received by you as agent that in your judgment should be considered by the relevant IssuerCompany. The relevant Issuer Company shall have the sole right to accept offers to purchase Program Securities and may reject any offer in whole or in part. You shall have the right to reject any offer to purchase Program Securities that you consider to be unacceptable, and any such rejection shall not be deemed a breach of your agreements contained herein. The procedural details relating to the issue and delivery of Program Securities sold by you as agent and the payment therefor shall be as set forth in the Administrative Procedures (as defined belowhereinafter defined).

Appears in 1 contract

Samples: Notes Terms Agreement (Morgan Stanley Capital Trust XII)

AutoNDA by SimpleDocs

Solicitations as Agent. In connection with your actions as agent hereunder, you agree to use reasonable efforts to solicit offers to purchase Program Securities upon the terms and conditions set forth in the Prospectus as then amended or supplemented. The relevant Issuer Company reserves the right, in its sole discretion, to instruct you to suspend at any time, for any period of time or permanently, the solicitation of offers to purchase Program Securities. Upon receipt of at least one business day’s prior notice from the relevant IssuerCompany, you will forthwith suspend solicitations of offers to purchase Program Securities from the relevant Issuer Company until such time as the relevant Issuer Company has advised you that such solicitation may be resumed. While such solicitation is suspended, the relevant Issuer Company shall not be required to deliver any certificates, opinions or letters in accordance with Sections ‎6(a5(a), ‎6(b5(b) and ‎6(c5(c); provided, however, that if the Registration Statement or Prospectus is amended or supplemented during the period of suspension (other than by an amendment or supplement providing solely for (i) in the case of Notes issued alone or as part of a Unit, a change in the interest rates, redemption provisions, amortization schedules or maturities offered on the Notes, (ii) in the case of Units, a change in the exercise price, exercise date or period or expiration of an underlying Warrant or a change in the settlement date or purchase or sale price of an underlying Purchase Contract, Contract or (iii) in the case of Warrants, a change in the exercise price, exercise date or period or expiration of a Warrant or (iv) for a change you deem to be immaterial), you shall not be required to resume soliciting offers to purchase Program Securities until the relevant Issuer Company has delivered such certificates, opinions and letters as you may request. The relevant Issuer Company agrees to pay to you, as consideration for the sale of each Program Security resulting from a solicitation made or an offer to purchase received by you, a commission in the form of a discount from the purchase price of such Program Security equal to between 0.125.125% and 0.750.750% (depending upon, in the case of Notes, upon such Note’s maturitymaturity or, in the case of Units, any underlying Note’s maturity or the terms of the Units and of the securities comprised by such Units or, in the case of Warrants, the expiration and terms of the WarrantsUnits) of the principal amount of such NoteNote or, in the case of Units, the face amount of such Unit, or, in the case of Warrants, the purchase price of such Warrant Unit (provided that the commission for Notes having a maturity ofhaving, or Units including Notes or other securities having having, a maturity of, or Warrants expiring in, of 30 years or more greater will be negotiated) or such other discount as may be specified in the prospectus supplement Prospectus Supplement relating to such Note, Unit Note or WarrantUnit. You shall communicate to the relevant IssuerCompany, orally or in writing, each offer to purchase Program Securities received by you as agent that in your judgment should be considered by the relevant IssuerCompany. The relevant Issuer Company shall have the sole right to accept offers to purchase Program Securities and may reject any offer in whole or in part. You shall have the right to reject any offer to purchase Program Securities that you consider to be unacceptable, and any such rejection shall not be deemed a breach of your agreements contained herein. The procedural details relating to the issue and delivery of Program Securities sold by you as agent and the payment therefor shall be as set forth in the Administrative Procedures (as defined belowhereinafter defined).

Appears in 1 contract

Samples: Notes Terms Agreement (Morgan Stanley Capital Trust XII)

Solicitations as Agent. In connection with your actions as agent hereunder, you agree to use reasonable efforts to solicit offers to purchase Program Securities upon the terms and conditions set forth in the Prospectus as then amended or supplemented. The relevant Issuer Company reserves the right, in its sole discretion, to instruct you to suspend at any time, for any period of time or permanently, the solicitation of offers to purchase Program Securities. Upon receipt of at least one business day’s prior notice from the relevant IssuerCompany, you will forthwith suspend solicitations of offers to purchase Program Securities from the relevant Issuer Company until such time as the relevant Issuer Company has advised you that such solicitation may be resumed. While such solicitation is suspended, the relevant Issuer Company shall not be required to deliver any certificates, opinions or letters in accordance with Sections ‎6(a5(a), ‎6(b5(b) and ‎6(c5(c); provided, however, that if the Registration Statement or Prospectus is amended or supplemented during the period of suspension (other than by an amendment or supplement providing solely for (i) in the case of Notes issued alone or as part of a Unit, a change in the interest rates, redemption provisions, amortization schedules or maturities offered on the Notes, (ii) in the case of Units, a change in the exercise price, exercise date or period or expiration of an underlying Warrant or a change in the settlement date or purchase or sale price of an underlying Purchase Contract, Contract or (iii) in the case of Warrants, a change in the exercise price, exercise date or period or expiration of a Warrant or (iv) for a change you deem to be immaterial), you shall not be required to resume soliciting offers to purchase Program Securities until the relevant Issuer Company has delivered such certificates, opinions and letters as you may request. The relevant Issuer Company agrees to pay to you, as consideration for the sale of each Program Security resulting from a solicitation made or an offer to purchase received by you, a commission in the form of a discount from the purchase price of such Program Security equal to between 0.125.125% and 0.750.750% (depending upon, in the case of Notes, upon such Note’s maturitymaturity or, in the case of Units, any underlying Note’s maturity or the terms of the Units and of the securities comprised by such Units or, in the case of Warrants, the expiration and terms of the WarrantsUnits) of the principal amount of such NoteNote or, in the case of Units, the face amount of such Unit, or, in the case of Warrants, the purchase price of such Warrant Unit (provided that the commission for Notes having a maturity ofhaving, or Units including Notes or other securities having having, a maturity of, or Warrants expiring in, of 30 years or more greater will be negotiated) or such other discount as may be specified in the prospectus supplement relating to such Note, Unit Note or WarrantUnit. You shall communicate to the relevant IssuerCompany, orally or in writing, each offer to purchase Program Securities received by you as agent that in your judgment should be considered by the relevant IssuerCompany. The relevant Issuer Company shall have the sole right to accept offers to purchase Program Securities and may reject any offer in whole or in part. You shall have the right to reject any offer to purchase Program Securities that you consider to be unacceptable, and any such rejection shall not be deemed a breach of your agreements contained herein. The procedural details relating to the issue and delivery of Program Securities sold by you as agent and the payment therefor shall be as set forth in the Administrative Procedures (as defined belowhereinafter defined).

Appears in 1 contract

Samples: Notes Terms Agreement (Morgan Stanley Capital Trust XII)

Time is Money Join Law Insider Premium to draft better contracts faster.