Development Agent definition
Examples of Development Agent in a sentence
The Development Agent agrees to fully comply with all applicable securities laws and not to trade at any time in any securities of the Company on the basis of material non-public information or to disclose any transactions involving the Company to any third parties, other than to authorized representatives of the Development Agent who shall be under strict instructions not to make any further disclosures to any other persons.
Nothing contained herein shall create or constitute the Development Agent or the Company as members of any organization, partnership, joint venture, association, syndicate, unincorporated business, or other separate entity, nor shall this Agreement be deemed to confer on either of them any express, implied, or apparent authority to incur any obligation or liability on behalf of the other.
The Development Agent is an independent contractor and neither the Development Agent nor the Company shall have authority to act for or represent the other, its affiliates, officers, directors or employees in any way and shall not otherwise be deemed to be an agent of the other.
The Development Agent shall be compensated as provided herein only in respect of subscriptions which are accepted by the Company.
All compensation due shall be paid to the Development Agent within fifteen (15) business days after receipt of funds by the Company from the investor.
The Development Agent shall not engage in any illegal practices with respect to the solicitation of sales of Shares and shall make no false, misleading or other unauthorized representations, misstatements or material omissions regarding the Company.
The Development Agent hereto agrees not to publicly trade in the Company public company securities until after any and all applicable public announcements by the Company.
During the construction phase of the Development, Agent shall consult with Owner in order to coordinate marketing concerns as construction of the Development progresses.
No termination shall relieve the Company from its obligations for payments of placement agency commissions hereof unless the termination is based upon a material breach of the Development Agent obligations under this Agreement.
The Development Agent shall not be entitled to any compensation hereunder to the extent there is a prohibition under any laws, rules or regulations applicable to the Development Agent.