Underwriting Commission Sample Clauses
The Underwriting Commission clause defines the fee or compensation paid to underwriters for their role in facilitating the issuance and sale of securities. Typically, this commission is calculated as a percentage of the total amount raised or the value of securities sold, and it is paid by the issuer to the underwriters upon successful completion of the offering. This clause ensures that the underwriters are properly compensated for assuming the risk of buying securities from the issuer and reselling them to investors, thereby incentivizing their participation and expertise in the transaction.
Underwriting Commission. Notwithstanding anything to the contrary in the Underwriting Agreement, no additional underwriting commission shall be payable by the Company to the Underwriter in connection with the purchase of the Certificates.
Underwriting Commission. The Underwriters shall receive 0.5% of the gross proceeds from the sale of the Firm Units ($500,000) and Option Units, if any (up to $75,000) (collectively, the “Closing Underwriting Commission”), from the Company at the Closing Date and the Option Closing Date, as applicable. The Underwriters agree that 0.7% of the gross proceeds from the sale of the Firm Units ($700,000) and Option Units (up to $105,000), if any (collectively, the “Deferred Underwriting Commission”), will be deposited and held in the Trust Account and up to which amount(s) shall be payable directly from the Trust Account, without accrued interest, to the Representative for its own account and the account of the Underwriters upon the consummation of the initial Business Combination (such consummation, the “Specified Event”). In the event that the Company is unable to consummate a Business Combination and the Trustee commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative, on behalf of itself and the Underwriters, agrees that (i) it shall forfeit any rights or claims to the Deferred Underwriting Commission, including any accrued interest thereon; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be distributed on a pro rata basis among the Public Shareholders. The Representative shall have the right to agree to any further modifications to the Deferred Underwriting Commission on behalf of the Underwriters and any decisions relating to such modifications shall be made exclusively by the Representatives on behalf of themselves and the Underwriters. For the avoidance of doubt, the obligations of each Underwriter under this Agreement shall be fully satisfied upon the payment of the purchase price for the Public Securities purchased by such Underwriter on the Closing Date or Option Closing Date, as applicable, and the Underwriters shall be entitled to their portion of the Deferred Underwriting Commission without any further conditions except for those set forth above and below. Notwithstanding anything to the contrary in this Agreement, each Underwriter may at any time prior to the Specified Event and in its sole and absolute discretion, by written notice to the Company, elect to forfeit any right or claim to its Deferred Underwriting Commission, in which case the Company agrees to instruct the Trustee not to pay such Underwriter its Deferred Underwriting Commission upon the occurrence ...
Underwriting Commission. In consideration of the Hong Kong Underwriters assuming their Hong Kong Public Offering Underwriting Commitment under this Agreement, the Company shall pay to the Sole Global Coordinator (for itself and on behalf of the Hong Kong Underwriters) an underwriting commission equal to a total of 3.5 per cent. of the aggregate Offer Price in respect of all of the Hong Kong Offer Shares (excluding any International Placing Shares reallocated to the Hong Kong Public Offering and any Hong Kong Offer Shares reallocated to the International Placing, in each case pursuant to Clause 4) pursuant to clause 5.
2.1. The respective entitlements of the Hong Kong Underwriters to the underwriting commission will be paid as separately agreed and dealt with in accordance with the International Underwriting Agreement.
Underwriting Commission. As compensation for their commitments hereunder, the Company will pay to the Representatives, for the account of the Underwriters, at the Closing Time or on each Date of Delivery, if any, an amount equal to the total underwriting commission specified in Schedule B for the Firm Shares or the Option Shares sold and delivered by the Company at the Closing Time or such Date of Delivery, as applicable.
Underwriting Commission. Notwithstanding anything to the contrary in the Underwriting Agreement, no additional underwriting commission shall be payable by the Company to the Underwriters in connection with the purchase of the Certificates. Closing Date and Location: ------------------------- July 27, 2001 at the Chicago, Illinois offices of ▇▇▇▇▇, ▇▇▇▇▇ & ▇▇▇▇▇.
Underwriting Commission. Subject to Clause 6.2 below, the Company agrees to pay all syndicate CMIs a total underwriting commission equal to 2.0% of the aggregate Offer Price in respect of all of the Hong Kong Offer Shares (excluding any International Placing Shares reallocated to the Hong Kong Public Offering and any Hong Kong Offer Shares reallocated to the International Placing, in each case pursuant to Clauses 4.11 and 4.12, respectively) (the “Underwriting Commission”), out of which the Hong Kong Underwriters will pay any sub-underwriting commissions payable. The respective entitlements of the Hong Kong Underwriters to the Underwriting Commission shall be set out in the International Underwriting Agreement, provided that if there is any adjustment in the International Underwriting Agreement to the allocation of the fixed fee to each syndicate CMI as set out in the Engagement Letters and CMI Engagement Letters, such adjustment shall comply with the Listing Rules.
Underwriting Commission. 7.1.1 Subject to this Agreement having become unconditional and not having been terminated under its terms, the Company will pay the Overall Coordinators (on behalf of the Hong Kong Underwriters) a fixed underwriting commission equal to 1.5 per cent. of the Reference Hong Kong Public Offering Amount (the "Fixed Underwriting Commission"). The Fixed Underwriting Commission shall be allocated among the Hong Kong Underwriters in accordance with the respective Hong Kong Public Offering Underwriting Commitment of each Hong Kong Underwriter as set forth in Schedule 1.
7.1.2 The Company may, at its sole and absolute discretion, and by reference to the agreed form discretionary incentive fee evaluation criteria, elect to pay to the Overall Coordinators (on behalf of the Hong Kong Underwriters) a discretionary incentive fee of up to 1.0 per cent. of the Reference Hong Kong Public Offering Amount (the "Discretionary Incentive Fee").
7.1.3 If the Company elects to pay any Discretionary Incentive Fee, the amount of the Discretionary Incentive Fee and the respective entitlements of the Hong Kong Underwriters to any Discretionary Incentive Fee shall be determined by the Company at its sole and absolute discretion and shall be set out in a notice to be delivered by the Company to the Overall Coordinators (for themselves and on behalf of the Hong Kong Underwriters) on or before the Price Determination Date, and the Company shall pay the Discretionary Incentive Fee within 15 Business Days of the date of such notice. For the avoidance of doubt, the Discretionary Incentive Fee shall not be deducted from the proceeds of the Share Offer to be paid to the Company at the closing of the Share Offer.
Underwriting Commission. The Company may at any time pay a commission to any person for Commission for subscribing or agreeing to subscribe (whether absolutely or conditionally) for subscribing to shares any shares, debentures or other securities of the Company or procuring or agreeing to procure subscriptions (whether absolute or conditional) for any shares, debentures or other securities of the Company but so that if the commission in respect of the shares, debentures or other securities shall be paid or payable out of the capital, the statutory conditions and requirements shall be observed and complied with and the amount or rate of commission shall not exceed the rates prescribed by the Act and the Banking Act. The commission may be paid or satisfied in cash or in shares, debentures or other securities of the Company or partly in one and partly in the other. The Company may also, on any issue of shares, debentures or other securities pay such brokerage as may be lawful.
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Underwriting Commission. The Company shall pay to the Sole Global Coordinator (acting in such capacity and as the Hong Kong Underwriter) an underwriting commission equal to 3.5 per cent. of the aggregate Offer Price in respect of all of the Hong Kong Offer Shares (excluding any International Offer Shares reallocated to the Hong Kong Public Offering and any Hong Kong Offer Shares reallocated to the International Offering, in each case pursuant to Clause 4.11 and 4.12, respectively). The entitlement of the Hong Kong Underwriter to the Hong Kong underwriting commission shall be set out in the International Underwriting Agreement.