Lead Manager definition
Examples of Lead Manager in a sentence
The Settlement Lead Manager acknowledges that (i) the Underwritten Securities represented by the Global Security shall be held to the order of the Company as set out above and (ii) the net subscription monies for the Underwritten Securities received in the Commissionaire Account (i.e. less the commissions and expenses deducted from the subscription monies) will be held on behalf of the Company until such time as they are transferred to the Company’s order.
The Settlement Lead Manager undertakes that the net subscription monies for the Underwritten Securities (i.e. less the commissions and expenses deducted from the subscription monies) will be transferred to the Company’s order promptly following receipt of such monies in the Commissionaire Account.
Notwithstanding anything contained in the International Capital Markets Association Primary Market Handbook, each Underwriter hereby agrees that the Settlement Lead Manager (as defined in Section 15 (l)) may allocate the Pro Rata Expenses to the account of such Underwriter for settlement of accounts (including payment of such Underwriter’s fees by the Settlement Lead Manager) as soon as practicable but in any case no later than 90 days following the Closing Date.