Co-Underwriting Arrangement Joint Mandate And Commitment Letter (Best Efforts)

This legal template, titled "Co-Underwriting Arrangement Joint Mandate and Commitment Letter (Best Efforts) under UK law," pertains to an agreement between two parties that outlines their joint responsibilities and commitments in underwriting certain financial transactions or offerings.

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.