Total Underwriting Discount means the amount obtained by subtracting (i) the Total Proceeds from (ii) the Total Public Sale Price. The Company and the Underwriters agree that it would not be just and equitable if contributions pursuant to this Section 7(d) were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to above in this Section 7(d). The amount paid or payable by an indemnified party as a result of the losses, claims, damages or liabilities (or actions or proceedings in respect thereof) referred to in this Section 7 shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 7, (i) an Underwriter shall not be required to contribute any amount in excess of the amount by which the total price at which the Shares underwritten by it and distributed to the public exceeds the amount of damages which such Underwriter has otherwise been required to pay by reason of any such untrue or alleged untrue statement or omission or alleged omission and (ii) no person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Underwriters’ obligations pursuant to this subsection (d) to contribute are several in proportion to their respective purchase obligations and not joint. For purposes of this Section 7(d), each person, if any, who controls such Underwriter within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act shall have the same rights to contribution as such Underwriter, and each director of the Company, the officers of the Company, and each person, if any, who controls the Company within the meaning of the Section 15 of the Securities Act or Section 20 of the Exchange Act, shall have the same rights to contribution as the Company. Any party entitled to contribution will, promptly after receipt of notice of commencement of any action, suit or proceeding against such party in respect of which a claim for contribution may be made against another party or parties under this Section 7(d), notify in writing such party or parties from whom contribution may be sought, but the omission to so notify such party or parties from whom contribution may be sought shall not re...

Total Underwriting Discount means the amount obtained by subtracting (i) the Total Proceeds from (ii) the Total Public Sale Price.

Examples of Total Underwriting Discount in a sentence

The relative benefits received by the Company on the one hand and the Underwriters on the other shall be deemed to be in the same proportion as Total Proceeds (as defined below) received by the Company from the sale of the Shares to the Underwriters, and the Total Underwriting Discount (as defined below) received by the Underwriters, bear to the Total Public Sale Price (as defined below) of the Shares.
If the Underwriter purchases all of the Units under the over-allotment option, the Total Price to Public, Total Underwriting Discount and Total Proceeds to Company will be $17,192,500, $1,375,400 and $15,817,100, respectively.
The relative benefits received by the Company on the one hand and the Underwriters on the other shall be deemed to be in the same proportion as Total Proceeds (as defined below) received by the Company from the sale of the Shares to the Underwriters, and the Total Underwriting Discount (as defined below) received by the Underwriters, bear to the Total Public Sale Price (as defined below) of the Shares, in each case as set forth on the cover page of the Prospectus.
Public Offering Price(1) Per Note Total Underwriting Discount Proceeds to Walmart(2) Per Note Total Per Note Total Notes offered hereby99.645% $1,992,900,0000.450% $9,000,000 99.195% $1,983,900,000 (1) Plus accrued interest, if any, from September 22, 2021.(2) Before transaction expenses and accrued interest, if any, from September 22, 2021.
Public Offering Price Per Note Total Underwriting Discount Per Note Total Proceeds, Before Expenses, to us Per Note Total The initial public offering prices set forth above do not include accrued interest, if any.
Public Offering Price Per Note Total Underwriting Discount Per Note Total The initial public offering prices set forth above do not include accrued interest, if any.
Public Offering Price Per Note Total Underwriting Discount Per Note TotalProceeds Before Expenses to us Per Note Total0.750% Notes99.991% $ 499,955,0000.250% $1,250,00099.741%498,705,0001.600% Notes99.831% $ 998,310,0000.350% $3,500,00099.481%$ 994,810,000Floating Rate Notes100.000% $ 500,000,0000.250% $1,250,00099.750%$ 498,750,000Total$1,998,265,000$6,000,000 $ 1,992,265,000 The initial public offering prices set forth above do not include accrued interest, if any.

Related to Total Underwriting Discount

Principal Underwriter shall have the meanings given them in the 1940 Act.
Marketed Underwritten Shelf Take-Down has the meaning set forth in Section 2.02(e).
Credit Underwriter means the independent contractor under contract with the Corporation having the responsibility for providing Credit Underwriting services.
Underwriting Fee has the meaning given to it in the eighth paragraph of this Agreement;
Approved Underwriter has the meaning set forth in Section 3(f) of this Agreement.
ERISA-Qualifying Underwriting A best efforts or firm commitment underwriting or private placement that meets the requirements of an Underwriter’s Exemption.
Underwritten Shelf Takedown shall have the meaning given in subsection 2.3.3.
IPO Underwriter means each Person named as an underwriter in Schedule I to the IPO Underwriting Agreement who purchases Common Units pursuant thereto.
Offered Discount has the meaning set forth in Section 2.05(a)(v)(D)(1).
Marketed Underwritten Offering means any Underwritten Offering (including a Marketed Underwritten Shelf Take-Down, but, for the avoidance of doubt, not including any Shelf Take-Down that is not a Marketed Underwritten Shelf Take-Down) that involves a customary “road show” (including an “electronic road show”) or other substantial marketing effort by the Company and the underwriters over a period of at least 48 hours.
Offered Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).
Borrower Solicitation of Discounted Prepayment Offers means the solicitation by any Borrower Party of offers for, and the subsequent acceptance, if any, by a Lender of, a voluntary prepayment of Loans at a discount to par pursuant to Section 2.05(1)(e)(D).
Borrower Solicitation of Discount Range Prepayment Offers means the solicitation by any Borrower Party of offers for, and the corresponding acceptance by a Lender of, a voluntary prepayment of Loans at a specified range of discounts to par pursuant to Section 2.05(1)(e)(C).
Specified Discount has the meaning set forth in Section 2.05(a)(v)(B)(1).
Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).
Solicited Discounted Prepayment Offer means the irrevocable written offer by each Term Lender, substantially in the form of Exhibit O, submitted following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.
Underwritten Shelf Take-Down has the meaning set forth in Section 2.4(b).
Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).
Underwritten Shelf Take-Down Notice has the meaning set forth in Section 2.02(e).
financial undertaking means any of the following entities:
Qualified Independent Underwriter means a “qualified independent underwriter” within the meaning of FINRA Rule 5121.
Company Underwriter has the meaning set forth in Section 4(a) of this Agreement.
Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).
Qualified Initial Public Offering means any initial public offering of securities by the Company pursuant to an effective Registration Statement covering the sale of such securities, pursuant to which the Company shall actually receive aggregate net cash proceeds (not subject to any contingencies) equal to no less than $50,000,000.
Shelf Underwritten Offering shall have the meaning given in subsection 2.1.3.
Specified Discount Proration has the meaning set forth in Section 2.05(a)(v)(B)(3).

Total Underwriting Discount definition

Filter & Search

Related Definitions

Related to Total Underwriting Discount