UNDERWRITTEN DISTRIBUTION Sample Clauses
The Underwritten Distribution clause defines the arrangement in which a financial intermediary, such as an investment bank, agrees to purchase all or a specified portion of a securities offering from the issuer and then resell those securities to the public or investors. In practice, this means the underwriter assumes the risk of selling the securities, guaranteeing that the issuer will receive a certain amount of capital regardless of market demand. This clause is essential for issuers seeking certainty of funds raised and for managing the risk of an unsuccessful offering, as it shifts the risk of unsold securities from the issuer to the underwriter.
UNDERWRITTEN DISTRIBUTION. If the Holder intends to distribute the Registrable Securities covered by a Registration Statement by means of an underwriting, the Holder shall so advise the Company and, within 30 days of the date thereof and without limiting the generality of other provisions hereof, the Company will prepare and file such amendment or amendments to the Registration Statement and make such other filings as may be necessary or appropriate to effect any such underwritten distribution.
UNDERWRITTEN DISTRIBUTION. If any Holder intends to distribute the Registrable Securities covered by a Registration Statement after the Registration Date by means of an underwriting, such Holder shall so advise the Company and, within thirty (30) days of the date thereof and without limiting the generality of other provisions hereof, the Company will prepare and file such amendment or amendments to the Registration Statement and make such other filings as may be necessary or appropriate to effect any such underwritten distribution. The managing underwriter for any such distribution shall be an investment banking firm of national reputation selected by the Holders participating in such distribution, subject to the Company's consent, which shall not be unreasonably withheld.
UNDERWRITTEN DISTRIBUTION. If the Holder intends to distribute the ------------------------- Registrable Securities covered by a Registration Statement by means of an underwriting, the Holder shall so advise the Company and, within 30 days of the date thereof and without limiting the generality of other provisions hereof, the Company will prepare and file such amendment or amendments to the Registration Statement and make such other filings as may be necessary or appropriate to effect any such underwritten distribution.