agreement among underwriters(redirected from Agreements Among Underwriters)
Agreement among underwriters
Agreement Among Underwriters
A contract between members of an underwriting syndicate stating the responsibilities and rights of each member of the syndicate. Included in the agreement between underwriters is the amount of the new issue each underwriter is required to place, whether or not it is sold on a best efforts basis, and the structure as to how members of the syndicate are paid. An agreement among underwriters is vital because no syndicate is a permanent relationship; the contract helps avoid problems before they start. See also: Jointly and Severally, Severally but Not Jointly.
agreement among underwriters
A contract signed by members of an underwriting syndicate that specifies the syndicate manager, additional managers, member liability, and life of the group. Compare underwriting agreement.