Sub-Placement Agents definition
Examples of Sub-Placement Agents in a sentence
The Placement Agent, from time to time in its sole discretion and at its own expense, may appoint Sub-Placement Agents (as defined below), who may or may not be affiliated with the Placement Agent, on such terms as the Placement Agent may determine.
The Agent, or Sub-Placement Agents or other brokers, dealers and other financial institutions and intermediaries that have entered into Sub-Placement Agent Agreements with the Agent, may collect the gross proceeds derived from the sale of such Shares, remit the net asset value thereof to the Fund upon receipt of the proceeds and retain the applicable sales charge.
Notwithstanding the foregoing, at the discretion of the Company, the Company may act as agent of the Placement Agent by making direct payment of commissions, placement fees or Distribution Fees to Sub-Placement Agents or Servicing Agents on behalf of the Placement Agent without incurring any liability.
The Placement Agent, in its agreements with the Sub-Placement Agents, will require that the Sub-Placement Agents shall sell Shares only to those persons who are eligible to purchase such Shares as described in the Confidential Memorandum and only through those Sub-Placement Agents who are authorized to sell such Shares.
The Company will not be liable or responsible to any Sub-Placement Agent or Servicing Agent for direct payment of commissions, or any reallowance of placement fees or the Distribution Fee to such Sub-Placement Agent or Servicing Agent, it being the sole and exclusive responsibility of the Placement Agent for payment of commissions or any reallowance of placement fees or the Distribution Fee to Sub-Placement Agents and Servicing Agents.
All or a portion of the Distribution Fee may be reallowed by the Placement Agent to the Sub-Placement Agents that sold the Shares to which such Distribution Fee are attributable to the extent the Sub-Placement Agent Agreement entered into by the Placement Agent with such Sub-Placement Agent provides for such reallowance and such Sub-Placement Agent is in compliance with the terms of such Sub-Placement Agent Agreement with respect to such reallowance.
Such Sub-Placement Agents shall sell Shares subject to the parameters of the Placement Notice.
The applicable placement fees payable to the Placement Agent will be paid substantially concurrently with the execution by the Company of orders submitted by purchasers of Class T Primary Shares, and all or a portion of the placement fees may be reallowed by the Placement Agent to the Sub-Placement Agents who sold the Class T Primary Shares giving rise to such selling commissions, as described more fully in the Sub-Placement Agent Agreement entered into with each such Sub-Placement Agent.
The applicable placement fees payable to the Placement Agent will be paid substantially concurrently with the execution by the Company of orders submitted by purchasers of Series T Primary Shares, and all or a portion of the placement fees may be reallowed by the Placement Agent to the Sub-Placement Agents who sold the Series T Primary Shares giving rise to such selling commissions, as described more fully in the Sub-Placement Agent Agreement entered into with each such Sub-Placement Agent.