Bond underwriting agreement

This is why typical homeowner's policies cover damage from fire or falling trees usually affecting an individual housebut not floods or earthquakes which affect many houses at the same time.

best efforts underwriting

With an all or none underwriting, the issuer determines it must receive the proceeds from the sale of all of the securities. The more in demand the offering is, the more likely it will be done on a firm commitment basis.

The Time of Sale Information, at the Time of Sale, did not, and at the Closing Date will not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that the Company makes no representation and warranty with respect to any statements or omissions made in reliance upon and in conformity with information relating to any Underwriter furnished to the Company in writing by such Underwriter through the Representative expressly for use in such Time of Sale Information.

bond underwriting agreement

Purchase of the Securities by the Underwriters. This Agreement shall be governed by and construed in accordance with the laws of the State of New York. Examples include mortgage underwriting.

Underwriters use the debt service coverage ratio to figure out whether the property is capable of redeeming its own value.

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Underwriting Agreement