💳 Joint arranging mandate
A joint arranging mandate covers the legal arrangements between two or more parties in relation to a particular project or activity. The main purpose of this type of mandate is to ensure that all parties are aware of their responsibilities and are able to work together effectively to achieve the desired outcome.
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Co-Underwriting Arrangement Joint Mandate And Commitment Letter (Best Efforts)
In the context of investment banking or the financial industry, underwriting involves assuming the financial risk associated with a particular transaction, such as an initial public offering (IPO) or a debt issuance. Therefore, a co-underwriting arrangement implies that multiple underwriters agree to share this risk and work together on executing the transaction.
This template specifically addresses the arrangement as a joint mandate and involves the commitment of both underwriters to exert their best efforts in completing the underwriting process successfully. It likely covers various aspects of the arrangement, including the allocation of responsibilities, the sharing of costs and expenses, the process and timeline for due diligence, marketing and pricing of the offering, legal obligations, termination clauses, and dispute resolution mechanisms.
Moreover, as this template is based on UK law, it likely incorporates relevant legal provisions and requirements specific to the jurisdiction, ensuring compliance with applicable regulations and guidelines set forth by financial authorities.
Publisher
Genie AIJurisdiction
England and WalesAssociated business activities
Appoint co-arrangers
Appointing co-arrangers can provide greater certainty over funding and help ensure banks are committed and provide the best terms. It can also help ensure banks are more likely to work together effectively.
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