standby fee

Standby fee

Amount paid to an underwriter who agrees to purchase any stock that is not purchased by public investors in a rights offering.

Standby Fee

A fee paid to an underwriter in exchange for an agreement that the underwriter will purchase the remainder of a new issue that it does not place with investors. See also: Jointly and Severally.

standby fee

The fee paid to an underwriter that agrees to purchase unsold securities as part of a standby underwriting agreement.

standby fee

A fee charged for a standby commitment.
References in periodicals archive ?
There is no standby fee, The only income will be from the tyres collected and the scrapping of any rims.
Proceeds from the rights offering have been used to repay the amount PolyMet is indebted to Glencore AG under certain debentures, to pay the standby fee owed to Glencore as well as the expenses of the rights offering.
The company intends to make available the proceeds of the Rights Offering for: the repayment of the amount that PolyMet is indebted to Glencore which, as at March 31, 2019, is the principal amount of $165M plus accrued interest of approximately$77.8 M plus additional interest which continues to accrue; the payment of the Standby Fee in full; and payment of expenses of the Rights Offering.
Is that a standby fee in case wee Willie is asked to pull on the boots next season?
Customers will be able to stand by for alternate flights without incurring the standby fee if a satisfactory alternate itinerary cannot be confirmed.
This standby fee can increase by up to 900% the time it takes to pay back the purchase price of the equipment.
Delta Air Lines has introduced a USD25 standby fee for passengers who want to be placed on a different flight within three hours of its departure.
The standby fee was originally proposed in an attempt to encourage travellers to avoid restrictive low-fare tickets.
Recently bankrupted carrier, United Airlines has announced plans to eliminate an unpopular USD100 standby fee. The move - scheduled to take effect next month - is expected to force other airlines to remove their standby fees.
The company's credit facility shall mature on 1 August 2015 and bear interest at a rate of 15% per annum on all drawn advances alongside a standby fee of 3.5% per annum with respect to the undrawn portion of the facility accruing daily and paid monthly in arrears.
eliminating the standby fee, which was charged for conducting inspection during off-duty hours.
Customers of ECS will pay a low monthly standby fee and then only pay for service when or if they actually need it, and more importantly, the service is available when they really need it.