L Bonds definition
Examples of L Bonds in a sentence
The Company agrees to pay all other expenses incident to the performance of its respective obligations hereunder, including all expenses incident to filings with federal and state regulatory authorities and to the exemption of L Bonds under federal and applicable state securities laws, including fees and disbursements of the Company’s counsel, all costs of reproduction and distribution of the Prospectus and any amendment or supplement thereto, and all costs of attorneys’ fees and other expenses.
Notwithstanding the foregoing, the Company may in its sole discretion elect not to qualify or register L Bonds in any jurisdiction in which it deems the qualification or registration unwarranted for any reason.
The Company or its counsel shall inform the Managing Broker-Dealer as to the jurisdictions in which the L Bonds have been qualified for sale or are exempt under the respective laws of those jurisdictions.
In addition, the Company will prepare and file with the SEC, promptly upon the Managing Broker-Dealer’s reasonable request, any amendments or supplements to the Registration Statement or Prospectus that, in the Managing Broker-Dealer’s opinion may be reasonably necessary or advisable in connection with the Offering or the L Bonds.
The Managing Broker-Dealer may offer L Bonds as an agent, but all sales shall be made by the Company acting through the Managing Broker-Dealer as an agent, and not by Managing Broker-Dealer as a principal.
The Company will, at the Managing Broker-Dealer’s request, furnish the Managing Broker-Dealer with copies of all material documents and correspondence sent to or received from such jurisdictions (including, but not limited to, summaries of telephone calls and copies of facsimiles or emails) and will promptly advise the Managing Broker-Dealer as soon as the Company obtains knowledge thereof to the effect that the L Bonds are qualified for offering and sale in each such jurisdiction.
The Company reserves the right in its sole discretion to accept or reject any subscription for L Bonds as described in the Indenture.
So far as is under the control of the Company, the L Bonds will be offered and sold consistent with the description contained in the Prospectus.
Dealer agrees to promptly notify the Company of the commencement of any litigation or proceedings against the Managing Broker-Dealer or any of the Managing Broker-Dealer’s officers, directors, partners, affiliates, or agents in connection with the offer or sale of L Bonds or in connection with the Registration Statement.
No selling commissions, allowances, reimbursements or other compensation will be payable by the Company with respect to any sale of L Bonds unless and until such time as the Company has received the total proceeds of any such sale.