Maine Underwriting Agreement between Internet. Com Corp. and Internet World Media, Inc. is a legally binding contract that outlines the terms and conditions of the sale and purchase of shares of common stock between the two parties. This agreement is specific to the state of Maine and abides by its laws and regulations. The following are the key elements covered in this agreement: 1. Parties involved: The agreement identifies Internet. Com Corp. as the issuer of the common stock and Internet World Media, Inc. as the underwriter responsible for purchasing and distributing the shares. 2. Number and type of shares: The agreement specifies the quantity and type of common stock to be sold, ensuring transparency in the transaction. 3. Purchase price: The underwriting agreement defines the purchase price for the shares, including any applicable discounts, commissions, or fees. 4. Closing date: This agreement sets a specific date for the closing of the transaction, by which the underwriter must complete the purchase of the shares. 5. Representations and warranties: Both parties provide detailed representations and warranties about their respective capabilities, ownership, and compliance with laws and regulations related to the sale and purchase of the shares. 6. Due diligence: The agreement outlines the due diligence process that the underwriter must undertake to ensure the accuracy and completeness of the issuer's financial statements, business operations, and other relevant information. 7. Conditions precedent: Certain conditions must be satisfied before the underwriter is obligated to purchase the shares. These conditions may include regulatory approvals, legal opinions, and completion of the due diligence process to the satisfaction of the underwriter. 8. Indemnification: The agreement includes provisions for indemnification, whereby one party agrees to compensate the other for any losses, damages, or liabilities resulting from misrepresentations, breaches of warranty, or non-compliance with laws. 9. Termination: The underwriting agreement may include provisions for termination under certain circumstances, such as material adverse changes in the issuer's financial condition or failure to fulfill any condition precedent. 10. Governing law and jurisdiction: The agreement specifies that it is governed by the laws of the state of Maine and any disputes arising from it shall be resolved in the courts of that jurisdiction. Different types of Maine Underwriting Agreement between Internet. Com Corp. and Internet World Media, Inc. regarding the sale and purchase of shares of common stock may include variations based on the specific terms and conditions negotiated between the parties. These variations may pertain to the purchase price, number of shares, representations and warranties, and other specific clauses, depending on the unique circumstances of each agreement. However, it is crucial to consult legal professionals to understand the specifics of any individual agreement.
Maine Underwriting Agreement between Internet.Com Corp. and Internet World Media, Inc. regarding the sale and purchase of shares of common stock
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FAQ
An underwriting agreement is a contract between a group of investment bankers who form an underwriting group or syndicate and the issuing corporation of a new securities issue.
The types of underwriter commitment options are: (1) firm commitment, in which the underwriter guarantees the purchase and resale of all shares; (2) best efforts, in which shares are sold to investors with no guarantee that all of them will be distributed; (3) all-or-none agreement, in which failure to distribute all ...
The types of underwriter commitment options are: (1) firm commitment, in which the underwriter guarantees the purchase and resale of all shares; (2) best efforts, in which shares are sold to investors with no guarantee that all of them will be distributed; (3) all-or-none agreement, in which failure to distribute all ...
Underwriting simply means that your lender verifies your income, assets, debt and property details in order to issue final approval for your loan. An underwriter is a financial expert who takes a look at your finances and assesses how much risk a lender will take on if they decide to give you a loan.
In connection with a registered securities offering, the underwriters of the offering typically enter into an underwriting agreement with the issuer of the securities and any selling stockholders.
Underwriting Example A borrower is applying for a mortgage loan to purchase a home. The purchase price of the property is $200,000 and the borrower is applying for a $150,000 loan. The loan will have a 75% loan-to-value ratio, which falls beneath the lender's maximum of 80%.
An underwriting agreement is a statutory necessity for Companies who have decided to increase their share capital by the issue of equity share. It is mandatory for the Company to file this agreement with the prospectus of public issue of shares/debentures with the Registrar of Companies.
What is an Underwriting Agreement? An underwriting agreement is a contract between a corporation issuing new securities to be offered to the public and a group of investment bankers who form an underwriting group or syndicate.