Common use of Stabilization and Over-Allotment Clause in Contracts

Stabilization and Over-Allotment. The Manager may, with respect to the offering of the Securities, over-allot, purchase and sell Securities or any other securities that may, in whole or in significant part, determine the value of the Securities for long or short account, on such terms as the Manager may deem advisable, and stabilize or maintain the market price of the Securities. We agree that upon the Manager’s request at any time and from time to time prior to the termination of the effectiveness of this Agreement with respect to an offering of Securities, we will report the amount of Securities purchased by us pursuant to such offering which then remain unsold by us and will, upon the Manager’s request at any such time, sell to the Manager for the account of one or more Underwriters such amount of such unsold Securities as the Manager may designate at the initial public offering price less an amount to be determined by the Manager not in excess of the Selected Dealers’ concession.

Appears in 21 contracts

Samples: Master Selected Dealers Agreement (Tekla World Healthcare Fund), Master Selected Dealers Agreement (Tekla Healthcare Opportunities Fund), Master Selected Dealers Agreement (Center Coast MLP & Infrastructure Fund)

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Stabilization and Over-Allotment. The Manager may, with respect to the offering of the Securities, over-allot, purchase and sell Securities or any other securities that may, in whole or in significant part, determine the value of the Securities for long or short account, on such terms as the Manager may deem advisable, and stabilize or maintain the market price of the Securities. We agree that upon the Manager’s 's request at any time and from time to time prior to the termination of the effectiveness of this Agreement with respect to an offering of Securities, we will report the amount of Securities purchased by us pursuant to such offering which then remain unsold by us and will, upon the Manager’s 's request at any such time, sell to the Manager for the account of one or more Underwriters such amount of such unsold Securities as the Manager may designate at the initial public offering price less an amount to be determined by the Manager not in excess of the Selected Dealers' concession.

Appears in 2 contracts

Samples: Dealers Agreement (First Trust High Income Long/Short Fund), Dealers Agreement (Calamos Global Dynamic Income Fund)

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