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Simple English definitions for legal terms

standby underwriting agreement

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A quick definition of standby underwriting agreement:

A standby underwriting agreement is a deal between a company selling securities and a financial institution. The financial institution agrees to buy any unsold shares of the securities after the public offering for a fee. This helps the company ensure that all of their securities are sold and they receive the funds they need.

A more thorough explanation:

A standby underwriting agreement is a contract between an underwriter and an issuer of securities. The underwriter agrees to purchase any unsold shares of the securities after a public offering for a fee. This agreement is also known as a standby commitment.

Company A wants to issue new shares of stock to raise capital. They hire an underwriter, Company B, to help with the public offering. Company B agrees to purchase any unsold shares of the stock for a fee. This agreement is a standby underwriting agreement.

Another example is when a municipality issues bonds to fund a project. The underwriter agrees to purchase any unsold bonds after the public offering for a fee.

These examples illustrate how a standby underwriting agreement works. The underwriter provides a safety net for the issuer by agreeing to purchase any unsold securities. This gives the issuer confidence to proceed with the public offering, knowing that they will not be left with unsold securities.

standby underwriting | standing aside a juror

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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