Purchased Securities definition
Examples of Purchased Securities in a sentence
The Placement Agent shall have no authority to bind the Company with respect to any prospective offer to purchase Purchased Securities and the Company shall have the sole right to accept offers to purchase Purchased Securities and may reject any such offer, in whole or in part.
Under no circumstances will the Placement Agent or any of its Affiliates (as defined below) be obligated to underwrite or purchase any of the Purchased Securities for its own account or otherwise provide any financing.
The Issuer confirms that it has authorized the Initial Purchaser to offer the Purchased Securities prior to the date hereof in a manner consistent with the foregoing and to use the Offering Documents in connection therewith.
The Placement Agent will act on a best-efforts basis and the Company agrees and acknowledges that there is no guarantee of the successful placement of the Purchased Securities, or any portion thereof, in the prospective Offering.
Delivery of the Purchased Securities shall be made against payment of the purchase price therefor to the order of the Issuer in same day funds by such means as shall be acceptable to the Issuer and the Initial Purchaser.