underwriting agreement

(redirected from Underwriting Agreements)

Underwriting agreement

The contract between a corporation issuing new publicly offered securities and the managing underwriter as agent for the underwriting group. Compare to agreement among underwriters.

Underwriting Agreement

A contract between the issuer of a security and a managing underwriter stating the responsibilities and rights of each party as the security is placed with investors. The underwriting agreement may state the size of the new issue, the percentage of the sale that the underwriters are allowed to keep, and whether or not it is sold on a best efforts basis, among other things. The contract helps define and avoid problems before they start.

underwriting agreement

A written contract between a company planning a public securities issue and the managing underwriter of that issue. The agreement specifies the particulars of the issue such as dates, fees, offering price, and the responsibilities of the parties. Compare agreement among underwriters.
References in periodicals archive ?
NEW YORK -- Comptroller Has No Authority to Review Contracts Relating to Underwriting Agreements, Pricing Agreements and Other Documents Related to Sales of Stock or Stock Offerings
The legislation specifically provides that the Comptroller does not have authority to review any contracts relating to underwriting agreements, pricing agreements or other documents relating to the sale of stock or stock offering entered into by the Fund with respect to the sale of WellChoice stock.
As we have said earlier, the underwriting agreements with our banks remain firm and so does the commitment from a group of our major shareholders.
As stated on July 26, the underwriting agreements are unchanged even if the company's credit rating were to drop to BB by Standard & Poor's or Ba3 by Moody's Investor Services.
The amendment also contains the terms of the underwriting agreements with a group of banks, as well as generic forms of the agreements with several large shareholders.
Paul Companies (NYSE:SPC) announced today that it has entered into underwriting agreements with respect to offerings of 15.
to lend an amount of A$7,800,000 secured against these option underwriting agreements.