Sale of Placement Shares by the Agent Clause Example from Business Contracts

This example Sale of Placement Shares by the Agent clause appears in 6 contracts from 1 company

Sale of Placement Shares by the Agent. a. Subject to the terms and conditions of this Agreement, for the period specified in a Placement Notice, the Agent will use its commercially reasonable efforts consistent with its normal trading and sales practices and applicable state and federal laws, rules and regulations and the rules of the New York Stock Exchange (the "Exchange"), to sell the Placement Shares up to the amount specified in, and otherwise in accordance with the terms of, such Placement Notice. The Agent will provide written... confirmation to the Company no later than the opening of the Trading Day (as defined below) immediately following the Trading Day on which it has made sales of Placement Shares hereunder setting forth the number of Placement Shares sold on such day, the compensation payable by the Company to the Agent pursuant to Section 2 with respect to such sales, and the Net Proceeds (as defined below) payable to the Company, with an itemization of the deductions made by the Agent (as set forth in Section 5(b)) from the gross proceeds that it receives from such sales. Subject to the terms of a Placement Notice, the Agent may sell Placement Shares by any method permitted by law deemed to be an "at-the-market" offering as defined in Rule 415 under the Securities Act ("Rule 415"), including without limitation sales made directly on the Exchange, on any other existing trading market for the Common Stock or to or through a market maker. Subject to the terms of a Placement Notice, the Agent may also sell Placement Shares by any other method permitted by law, including but not limited to negotiated transactions. "Trading Day" means any day on which Common Stock is purchased and sold on the Exchange. b. The Company agrees that any offer to sell, any solicitation of an offer to buy, or any sales of Common Stock shall only be effected by or through only the Agent or an Alternative Agent on any single given day, but in no event by more than one of them, and the Company shall in no event request that the Agent and an Alternative Agent sell Common Stock on the same day. View More Arrow
Found in Great Ajax Corp. contract
Great Ajax Corp. Contracts

At-the-Market Issuance Sales Agreement, dated August 20, 2021, by and between the Company and B. Riley Securities, Inc (Filed With SEC on August 20, 2021)

At-the-Market Issuance Sales Agreement, dated August 20, 2021, by and between the Company and JMP Securities LLC (Filed With SEC on August 20, 2021)

At-the-Market Issuance Sales Agreement, dated August 20, 2021, by and between the Company and Raymond James & Associates, Inc (Filed With SEC on August 20, 2021)

GreatAjax Corp. Common Stock (par value $0.01 per share) (Filed With SEC on October 3, 2016)

GreatAjax Corp. Common Stock (par value $0.01 per share) (Filed With SEC on October 3, 2016)

GreatAjax Corp. Common Stock (par value $0.01 per share) (Filed With SEC on October 3, 2016)