An agreement sometimes used in addition to an Agreement Among Underwriters when a selling group consists of more entities than just Underwriters in a Syndicate.
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Agreement used in the purchase of a bond issue by a syndicate to set out the rights, obligations and purchase commitments of each underwriter; to authorize one or more underwriters to act as manager(s); and to give the manager(s) authority to act on behalf of the others in connection with the bond issue.
A group of underwriters formed to buy a bond issue from the issuer and then offer the bonds for resale to the public.
Includes sale proceeds, investment proceeds, transferred proceeds (which, together with sale and investment proceeds equal the “proceeds” of the bonds) and replacement proceeds, all of which are defined in the Code.
