UNDERWRITING PERCENTAGES Sample Clauses
The "Underwriting Percentages" clause defines the specific proportion of risk or financial responsibility that each underwriter assumes in a given insurance or financial arrangement. In practice, this clause details how the total coverage or investment is divided among multiple underwriters, often expressed as percentages, ensuring that each party knows their share of potential losses or profits. By clearly allocating these percentages, the clause helps prevent disputes and ensures transparency in the distribution of obligations and returns among all involved parties.
UNDERWRITING PERCENTAGES. 13.1 The obligations of the Underwriters hereunder, including the obligation to purchase Firm Shares and if the Over-Allotment Option is exercised, any obligation to purchase Option Shares at the Closing Time shall be several, and not joint, and shall be limited to the percentages of the aggregate percentage of the Firm Shares and Option Shares set out opposite the name of the Underwriters below: National Bank Financial Inc. 25.0% Desjardins Securities Inc. 14.0% Scotia Capital Inc. 14.0% Eight Capital 13.0% Canaccord Genuity Corp. 10.0% PI Financial Corp. 8.0% RBC Dominion Securities Inc. 6.0% Cormark Securities Inc. 5.0% BMO ▇▇▇▇▇▇▇ ▇▇▇▇▇ Inc. 3.0% Beacon Securities Limited 1.0% ▇▇▇▇ Capital Partners, LLC 1.0%
13.2 In the event that any Underwriter shall at the Closing Time fail to purchase its percentage of the Firm Shares or Option Shares as provided in section 13.1 (a “Defaulting Underwriter”) and the percentage of Firm Shares or Option Shares that have not been purchased by the Defaulting Underwriter represents 5% or less of the aggregate Firm Shares or Option Shares, the other Underwriters shall be severally, and not jointly, nor jointly and severally, obligated, to purchase all of the Firm Shares and Option Shares that the Defaulting Underwriter has failed to purchase; the Underwriters shall purchase such Firm Shares and Option Shares pro rata to its respective percentages aforesaid or in such other proportions as they may otherwise agree. In the event that the percentage of Firm Shares or Option Shares that have not been purchased by a Defaulting Underwriter represents more than 5% of the aggregate Firm Shares or Option Shares, the other Underwriters shall have the right, but shall not be obligated, to purchase all of the percentage of the Firm Shares and Option Shares which would otherwise have been purchased by the Defaulting Underwriter; the Underwriter exercising such right shall purchase such Firm Shares and Option Shares, if applicable, pro rata to its respective percentages aforesaid or in such other proportions as they may otherwise agree. In the event that such right is not exercised, the others that are not in default shall be relieved of all obligations to the Corporation arising from such default. Nothing in this section shall oblige the Corporation to sell to the Underwriters less than all of the Firm Shares (or in the event of the exercise of the Over-Allotment Option in whole or in part, the Option Shares in respect of which the Ove...
UNDERWRITING PERCENTAGES. 7.1 The obligations of the Underwriters hereunder, including the obligation to purchase Units at the Closing Time shall be several, and not joint, and shall be limited to the percentages of the aggregate percentage of the Units set out opposite the name of the Underwriters below: Canaccord Capital Corporation 70% First Associates Investments Inc. 10% ▇▇▇▇▇▇▇ Securities Inc. 10% TD Securities Inc. 10%
7.2 In the event that any Underwriter shall fail to purchase its applicable percentage of the Units or Additional Units, if applicable, at the Closing Time, the others shall have the right, but shall not be obligated, to purchase all of the percentage of the Units which would otherwise have been purchased by that one of the Underwriters which is in default; the Underwriters exercising such right shall purchase such Units pro rata to their respective percentages aforesaid or in such other proportions as they may otherwise agree. In the event that such right is not exercised, the others which are not in default shall be relieved of all obligations to the Corporation arising from such default. Nothing in this section shall oblige the Corporation to sell to the Underwriters less than all of the Units or relieve from liability to the Corporation any Underwriter which shall be so in default.
7.3 The Underwriters agree as between themselves that the Lead Underwriter shall receive from the Underwriters Fee a 5% work fee which will be shared between them on a pro rata basis.
UNDERWRITING PERCENTAGES. 7.1 The obligations of the Underwriters hereunder, including the obligation to purchase Offered Shares at the Time of Closing or Over-Allotment Option Time of Closing, as the case may be, shall be several, and not joint, and shall be limited as regards to each Underwriter to the percentages set out opposite the name of the Underwriters below: Dundee1 45% National Bank Financial Inc. 22.5% R▇▇▇▇▇▇ J▇▇▇▇ Ltd. 22.5% PI Financial Corp. 10%
7.2 In the event that any Underwriter shall fail to purchase its applicable percentage of the Offered Shares or Additional Shares, if applicable, as provided in section 7.1 at the Time of Closing or Over-Allotment Option Time of Closing, as the case may be, the non- defaulting Underwriters shall have the right, but shall not be obligated, to purchase some or all of the Offered Shares which would otherwise have been purchased by that Underwriter which is in default (the Offered Shares in respect of which the defaulting Underwriter fails to purchase and the non-defaulting Underwriters do not elect to purchase being called the “Default Securities”), then the Corporation shall have the right to either: (i) proceed with the sale of the Offered Shares (less the Default Securities) to the non-defaulting Underwriters, or (ii) terminate its obligations hereunder without liability to the non-defaulting Underwriters except under sections 6.2 and 10. Nothing in this section 7.2 shall oblige the Corporation to sell to any Underwriter less than all of the Offered Shares or relieve from liability to the Corporation any Underwriter which shall be so in default. _________________________________________________
1 A step-up fee of 5.0% is payable to Dundee
UNDERWRITING PERCENTAGES. Subject to the terms and conditions of this Agreement, the obligation of the Underwriters to purchase the Offered Securities at the Time of Closing will be several, and not joint nor joint and several, and will be limited to the percentage of the Offered Securities set out opposite the name of the respective Underwriter below: RBC Dominion Securities Inc. 20 % GMP Securities L.P. 20 % CIBC World Markets Inc. 20 % National Bank Financial Inc. 20 % Scotia Capital Inc. 15 % TD Securities Inc. 5 %
UNDERWRITING PERCENTAGES. 7.1 The obligations of the Underwriters hereunder, including the obligation to purchase Offered Shares at the Time of Closing or Underwriters' Option Time of Closing, as the case may be, shall be several, and not joint, and shall be limited as regards to each Underwriter to the percentages set out opposite the name of the Underwriters below: Canaccord Genuity 50% ▇▇▇▇▇▇▇▇ Capital Inc. 50%
7.2 In the event that either Underwriter shall fail to purchase its applicable percentage of the Offered Shares or Additional Shares, if applicable, as provided in section 7.1 at the Time of Closing or Underwriters’ Option Time of Closing, as the case may be, the non- defaulting Underwriter shall have the right, but shall not be obligated, to purchase some or all of the Offered Shares which would otherwise have been purchased by that Underwriter which is in default (the Offered Shares in respect of which the defaulting Underwriter fails to purchase and the non-defaulting Underwriter does not elect to purchase being called the “Default Securities”), then the Corporation shall have the right to either: (i) proceed with the sale of the Offered Shares (less the Default Securities) to the non-defaulting Underwriter, or (ii) terminate its obligations hereunder without liability to the non-defaulting Underwriter except under sections 6.6 and 10. Nothing in this section 7.2 shall oblige the Corporation to sell to any Underwriter less than all of the Offered Shares or relieve from liability to the Corporation any Underwriter which shall be so in default.
UNDERWRITING PERCENTAGES. Subject to the terms and conditions of this Agreement, the obligation of the Underwriters to purchase the Offered Securities at the Time of Closing or Option Securities at an Option Closing Time will be several, and not joint nor joint and several, and will be limited to the percentage of the Firm Securities or Option Securities, as applicable, set out opposite the name of the respective Underwriter below: CIBC World Markets Inc. 26.3 % National Bank Financial Inc. 26.3 % RBC Dominion Securities Inc. 26.3 % Scotia Capital Inc. 8.45 % TD Securities Inc. 8.45 % ▇▇▇▇▇▇▇ Securities Inc. 2.1 % Jacob Securities Inc. 2.1 %
UNDERWRITING PERCENTAGES. 7.1 The obligations of the Underwriters hereunder, including the obligation to purchase Units and if the Over-Allotment Option is exercised, any obligation to purchase Additional Units at the Time of Closing shall be several, and not joint, and shall be limited to the percentages of the aggregate percentage of the Units and Additional Units set out opposite the name of the Underwriters below: BMO N▇▇▇▇▇▇ B▇▇▇▇ Inc. 70 % Desjardins Securities Inc. 10 % Pacific International Securities Inc. 10 % RBC Dominion Securities Inc. 10 %
7.2 In the event that any Underwriter shall fail to purchase its applicable percentage of the Units or Additional Units, if applicable, at the Time of Closing on the Closing Date, the others shall have the right, but shall not be obligated, to purchase all of the percentage of the Units and Additional Units, if applicable, which would otherwise have been purchased by that one of the Underwriters which is in default; the Underwriters exercising such right shall purchase such Units and Additional Units, if applicable, pro rata to their respective percentages aforesaid or in such other proportions as they may otherwise agree. In the event that such right is not exercised, the others which are not in default shall be relieved of all obligations to the Corporation arising from such default. Nothing in this section shall oblige the Corporation to sell to the Underwriters less than all of the Units (or in the event of the exercise of the Over-Allotment Option in whole or in part, the number of Additional Units set out in the notice delivered in accordance with Section 3.1) or relieve from liability to the Corporation any Underwriter which shall be so in default.
UNDERWRITING PERCENTAGES. (1) The obligations of the Underwriters hereunder, including the obligation to purchase Offered Shares at the Time of Closing will be several, and not joint, and will be limited to the percentages of the aggregate percentage of the Units set out opposite the name of the Underwriters below: Canaccord Capital Corporation 80 % GMP Securities L.P. 20 %
(2) In the event that either Underwriter fails to purchase its applicable percentage of the Offered Shares at the Time of Closing, the Underwriter will have the right, but will not be obligated, to purchase all of the percentage of the Offered Shares which would otherwise have been purchased by that Underwriter which is in default. Nothing in this section will oblige the Company to sell to the Underwriters less than all of the Offered Shares or relieve from liability to the Company any Underwriter which will be so in default.
(3) The Underwriters agree as between themselves that the Lead Underwriter will receive from the Underwriting Fee a 5% step-up fee.
UNDERWRITING PERCENTAGES. The obligation of the Underwriters to purchase the Convertible Debentures at the Closing Time shall be several and not joint and several and shall be limited to the percentages of the aggregate number of Convertible Debentures set out opposite the name of each of the Underwriters below: "[__________]" - 35.0% "[__________]" - 35.0% "[__________]" - 25.0% "[__________]" - 5.0% In the event that any Underwriter shall fail to purchase its applicable percentage of the Convertible Debentures at the Closing Time, the others shall have the right, but shall not be obligated, to purchase all of the percentage of the Convertible Debentures which would otherwise have been purchased by that one of the Underwriters which is in default. In the event that such right is not exercised, the others which are not in default shall be relieved of all obligations to the Company and there shall be no further liability on the part of the Company to the Underwriters except in respect of any liability which may have arisen or may thereafter arise under paragraphs 13, 14 and 16. Nothing in this paragraph shall oblige the Company to sell to the Underwriters less than all of the Primary Convertible Debentures or relieve from liability to the Company any Underwriter which shall be so in default.
UNDERWRITING PERCENTAGES. 7.1 The obligations of the Underwriters hereunder, including the obligation to purchase Shares at the Time of Closing Time or Underwriters' Option Time of Closing, as the case may be, shall be several, and not joint, and shall be limited to the percentages of the aggregate percentage of the Shares set out opposite the name of the Underwriters below: Dundee Securities Corporation 42.5% Canaccord Capital Corporation 35.0% Clarus Securities Inc. 7.5% Paradigm Capital Inc. 7.5% Wellington West Capital Markets Inc. 7.5%
7.2 In the event that any Underwriter shall fail to purchase its applicable percentage of the Shares or Additional Shares, if applicable, at the Closing Time or Underwriters' Option Time of Closing, as the case may be, the others shall have the right, but shall not be obligated, to purchase all of the percentage of the Shares which would otherwise have been purchased by that one of the Underwriters which is in default; the Underwriters exercising such right shall purchase such Shares pro rata to their respective percentages aforesaid or in such other proportions as they may otherwise agree. In the event that such right is not exercised, the others which are not in default shall be relieved of all obligations to the Corporation arising from such default. Nothing in this section shall oblige the Corporation to sell to the Underwriters less than all of the Shares or relieve from liability to the Corporation any Underwriter which shall be so in default.