Common use of Obligations of the Underwriters Clause in Contracts

Obligations of the Underwriters. The obligations of the Underwriters under this Agreement shall be several in all respects and not joint or joint and several. For greater certainty, the obligations of the Underwriters to purchase the Offered Units shall be several and not joint or joint and several, and shall be limited to the percentages of the aggregate number of Offered Units to be purchased set out opposite the names of the Underwriters respectively below: Beacon Securities Limited - 50% Canaccord Genuity Corp. - 50% If an Underwriter does not complete the purchase and sale of the Offered Units which that Underwriter has agreed to purchase under this Agreement (other than in accordance with Section 18 of this Agreement) (the “Defaulted Units”), Beacon may delay the Closing Date for not more than five days without the prior written consent of the Company, and the remaining Underwriter (the “Continuing Underwriter”) will be entitled, at its option, to purchase all but not less than all of the Defaulted Units. If the Continuing Underwriter does not elect to purchase the Defaulted Units:

Appears in 2 contracts

Samples: Underwriting Agreement, Underwriting Agreement

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Obligations of the Underwriters. The obligations of the Underwriters under this Agreement shall be several in all respects and not joint or joint and several. For greater certainty, the obligations of the Underwriters to purchase the Offered Units Shares shall be several and not joint or joint and several, and shall be limited to the percentages of the aggregate number of Offered Units Shares to be purchased set out opposite the names of the Underwriters respectively below: Beacon Securities Limited - 50— 65 % Canaccord Genuity Corp. - 50GMP Securities L.P. — 35 % If an Underwriter does not complete the purchase and sale of the Offered Units Shares which that Underwriter has agreed to purchase under this Agreement (other than in accordance with Section 18 37 of this Agreement) (the “Defaulted UnitsShares”), Beacon may delay the Closing Date for not more than five three days without the prior written consent of the Company, and the remaining Underwriter (the “Continuing Underwriter”) will be entitled, at its option, to purchase all but not less than all of the Defaulted UnitsShares. If the Continuing Underwriter does not elect to purchase the Defaulted UnitsShares:

Appears in 2 contracts

Samples: Underwriting Agreement (Village Farms International, Inc.), Underwriting Agreement (Village Farms International, Inc.)

Obligations of the Underwriters. The All of the obligations of the Underwriters under this Agreement shall be several in all respects and not joint or joint and several. For greater certainty, the obligations of the Underwriters to purchase the Offered Units Shares shall be several and not joint or joint and several, and shall be limited to the percentages of the aggregate number of Offered Units Shares to be purchased set out opposite the names of the Underwriters respectively below: Canaccord Genuity Corp. - 40% GMP Securities L.P. - 40% Beacon Securities Limited - 507% Canaccord Genuity Corp. Echelon Wealth Partners Inc. - 507% Eight Capital - 6% If an Underwriter does not complete the purchase and sale of the Offered Units Shares which that Underwriter has agreed to purchase under this Agreement (other than in accordance with Section 18 15 or Section 16 of this Agreement) (the “Defaulted UnitsShares”), Beacon the Co-Lead Underwriters may delay the Closing Date for not more than five days without the prior written consent of the Company, and the remaining Underwriter Underwriters (the “Continuing UnderwriterUnderwriters”) will be entitled, at its their option, to purchase all but not less than all of the Defaulted UnitsShares pro rata according to the number of Offered Shares to have been acquired by the Continuing Underwriters under this Agreement or in any proportion agreed upon, in writing, by the Continuing Underwriters. If the Continuing Underwriter does Underwriters do not elect to purchase the Defaulted UnitsShares:

Appears in 1 contract

Samples: Underwriting Agreement

Obligations of the Underwriters. The obligations of the Underwriters under this Agreement shall be several in all respects and not joint or joint and several. For greater certainty, the obligations of the Underwriters to purchase the Offered Units shall be several and not joint or joint and several, and shall be limited to the percentages of the aggregate number of Offered Units to be purchased set out opposite the names of the Underwriters respectively below: Beacon Securities Limited - 5060% Canaccord Genuity Corp. - 5020% Cormark Securities Inc. - 20% If an Underwriter does not complete the purchase and sale of the Offered Units which that Underwriter has agreed to purchase under this Agreement (other than in accordance with Section 18 of this Agreement) (the “Defaulted Units”), Beacon the Lead Underwriter may delay the Closing Date for not more than five days without the prior written consent of the Company, and the remaining Underwriter Underwriters (the “Continuing UnderwriterUnderwriters”) will be entitled, at its their option, to purchase all but not less than all of the Defaulted UnitsUnits pro rata according to the number of Offered Units to have been acquired by the Continuing Underwriters under this Agreement or in any proportion agreed upon, in writing, by the Continuing Underwriters. If the Continuing Underwriter does do not elect to purchase the Defaulted Units:

Appears in 1 contract

Samples: Underwriting Agreement

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Obligations of the Underwriters. The obligations of the Underwriters under this Agreement shall be several in all respects and not joint or joint and several. For greater certainty, the obligations of the Underwriters to purchase the Offered Units Shares shall be several and not joint or joint and several, and shall be limited to the percentages of the aggregate number of Offered Units Shares to be purchased set out opposite the names of the Underwriters respectively below: Beacon Securities Limited - 5085 % Canaccord Genuity Corp. Echelon Wealth Partners Inc. - 5015 % If an Underwriter does not complete the purchase and sale of the Offered Units Shares which that Underwriter has agreed to purchase under this Agreement (other than in accordance with Section 18 37 of this Agreement) (the “Defaulted UnitsShares”), Beacon may delay the Closing Date for not more than five three days without the prior written consent of the Company, and the remaining Underwriter (the “Continuing Underwriter”) will be entitled, at its option, to purchase all but not less than all of the Defaulted UnitsShares. If the Continuing Underwriter does not elect to purchase the Defaulted UnitsShares:

Appears in 1 contract

Samples: Underwriting Agreement (Village Farms International, Inc.)

Obligations of the Underwriters. The obligations of the Underwriters under this Agreement shall be several in all respects and not joint or joint and several. For greater certainty, the obligations of the Underwriters to purchase the Offered Units shall be several and not joint or joint and several, and shall be limited to the percentages of the aggregate number of Offered Units to be purchased set out opposite the names of the Underwriters respectively below: Canaccord Genuity Corp. - 50% Beacon Securities Limited - 50% Canaccord Genuity Corp. - 50% If an Underwriter does not complete the purchase and sale of the Offered Units which that Underwriter has agreed to purchase under this Agreement (other than in accordance with Section 18 of this Agreement) (the “Defaulted Units”), Beacon Canaccord may delay the Closing Date for not more than five days without the prior written consent of the Company, and the remaining Underwriter (the “Continuing Underwriter”) will be entitled, at its option, to purchase all but not less than all of the Defaulted Units. If the Continuing Underwriter does not elect to purchase the Defaulted Units:

Appears in 1 contract

Samples: Underwriting Agreement

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