Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Relevant sectors

Business activity

Appoint co-arrangers

Why use a 💰 Joint arranging and underwriting mandate?

A joint arranging and underwriting mandate is a legal agreement between two financial institutions that outlines their roles and responsibilities in the financing and underwriting of a transaction. The agreement defines the terms and conditions of the arrangement, including the fees and commissions to be paid by the borrower.

This legal template titled "Co-Underwriting Arrangement Joint Mandate And Commitment Letter under UK law" pertains to a formal agreement between multiple parties that outlines their joint commitment to underwrite a specific financial transaction or investment under the jurisdiction of the United Kingdom's legal framework.

The template likely begins by clearly identifying and providing the contact details of all parties involved in the co-underwriting arrangement. It may include financial institutions, investment firms, or other entities participating in the transaction.

The arrangement outlined in this template serves as a joint mandate, indicating that all parties have collectively decided to share the risks and liabilities associated with underwriting a specific investment or financial instrument. It formalizes their commitment to jointly underwrite the transaction, providing clarity on their roles, responsibilities, and expected level of engagement.

The template may elaborate on the terms and conditions applicable to the co-underwriting agreement. Key provisions may include the agreed upon underwriting commitments, the allocation of risks and liabilities among the parties, the process for managing potential conflicts of interest, and the timeframe for executing the transaction. It may also address the distribution of fees, commissions, or other monetary considerations among the parties involved.

To ensure compliance with UK law, the template likely incorporates relevant legal requirements and regulations specific to underwriting activities within the country. This could encompass adherence to the Financial Services and Markets Act, regulatory guidelines from the Financial Conduct Authority, or any other laws that govern underwriting transactions in the UK.

Overall, this legal template holds significant importance in formalizing the joint commitment of multiple parties and establishing a clear framework for underwriting a financial transaction or investment under UK law. By providing a ready-made document, it facilitates efficient and legally compliant co-underwriting arrangements while ensuring that all parties are on the same page regarding their obligations and expectations.

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