All Templates
Sub-underwriting agreement
📃 Sub-underwriting agreement
Rights Issue Sub-Underwriting Summary Letter
Rights Issue Sub-Underwriting Summary Letter
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
📃 Sub-underwriting agreementBusiness activity
Sub-underwriting agreementA sub-underwriting agreement is a contract between a primary underwriter and a sub-underwriter that sets forth the terms and conditions under which the sub-underwriter agrees to take on some or all of the risk associated with an offering of securities. The agreement will typically specify the maximum amount of risk that the sub-underwriter is willing to assume, as well as the compensation that the sub-underwriter will receive for assuming that risk.
The legal template for the "Rights Issue Sub-Underwriting Summary Letter under UK law" is a document designed specifically for the purpose of summarizing the key terms and conditions of a sub-underwriting agreement in relation to a rights issue.
In a rights issue, a company offers its existing shareholders the opportunity to purchase additional shares in proportion to their existing shareholding. Sub-underwriting is a practice where a third-party agrees to purchase any shares that are not taken up by existing shareholders in a rights issue, thereby providing a financial guarantee to the issuing company.
This template letter provides a comprehensive summary of the sub-underwriting agreement under the jurisdiction of UK law, detailing the rights and obligations of both the issuing company and the sub-underwriter. It may cover various essential aspects such as the terms of the sub-underwriting arrangement, the number of shares involved, the subscription price, deadlines, payment schedules, and any potential limitations or conditions associated with the sub-underwriting agreement.
Furthermore, the template may outline the legal responsibilities and liabilities of each party involved, including any indemnification clauses or dispute resolution mechanisms in case of disagreements or defaults. It may also provide details regarding the allocation of fees, expenses, or commissions relating to the sub-underwriting transaction.
Overall, this legal template aims to serve as a concise and standardized summary of the sub-underwriting agreement within the framework of UK legislation, allowing both parties to understand their respective roles and responsibilities more effectively while ensuring compliance with legal requirements.
In a rights issue, a company offers its existing shareholders the opportunity to purchase additional shares in proportion to their existing shareholding. Sub-underwriting is a practice where a third-party agrees to purchase any shares that are not taken up by existing shareholders in a rights issue, thereby providing a financial guarantee to the issuing company.
This template letter provides a comprehensive summary of the sub-underwriting agreement under the jurisdiction of UK law, detailing the rights and obligations of both the issuing company and the sub-underwriter. It may cover various essential aspects such as the terms of the sub-underwriting arrangement, the number of shares involved, the subscription price, deadlines, payment schedules, and any potential limitations or conditions associated with the sub-underwriting agreement.
Furthermore, the template may outline the legal responsibilities and liabilities of each party involved, including any indemnification clauses or dispute resolution mechanisms in case of disagreements or defaults. It may also provide details regarding the allocation of fees, expenses, or commissions relating to the sub-underwriting transaction.
Overall, this legal template aims to serve as a concise and standardized summary of the sub-underwriting agreement within the framework of UK legislation, allowing both parties to understand their respective roles and responsibilities more effectively while ensuring compliance with legal requirements.
How it works
PRODUCT HUNT
#1 Product of the Day
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
See Genie AI in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
Section 338 Members' Requisition Of Public Company For Resolution To Be Moved At AGM
The legal template titled "Section 338 Members' Requisition Of Public Company For Resolution To Be Moved At AGM under UK law" outlines the process and requirements for shareholders of a public company in the United Kingdom to initiate a resolution to be addressed at the Annual General Meeting (AGM).
In the context of company law, shareholders hold certain rights and powers, and this template specifically focuses on the provision outlined in Section 338 of the UK Companies Act. Section 338 enables members (shareholders) of a public company to exercise their right to requisition a resolution in order to address matters they deem important or necessary for discussion and decision during an AGM.
The template likely contains essential components such as the requisitioning process, deadlines, criteria for members' eligibility, and the specific information that needs to be included in the requisition notice. It may also address the formalities and procedures that need to be followed for submitting the requisition to the company's directors or company secretary.
Additionally, the template could outline the steps that the company and its directors need to take upon receiving a valid requisition, including notification to all shareholders, inclusion of the resolution in the AGM agenda, and any other procedures to ensure compliance with legal requirements.
Overall, this legal template serves as a guide for shareholders to exercise their right to requisition a resolution at the AGM, ensuring transparency, effective corporate governance, and shareholder engagement within the framework of UK company law.
In the context of company law, shareholders hold certain rights and powers, and this template specifically focuses on the provision outlined in Section 338 of the UK Companies Act. Section 338 enables members (shareholders) of a public company to exercise their right to requisition a resolution in order to address matters they deem important or necessary for discussion and decision during an AGM.
The template likely contains essential components such as the requisitioning process, deadlines, criteria for members' eligibility, and the specific information that needs to be included in the requisition notice. It may also address the formalities and procedures that need to be followed for submitting the requisition to the company's directors or company secretary.
Additionally, the template could outline the steps that the company and its directors need to take upon receiving a valid requisition, including notification to all shareholders, inclusion of the resolution in the AGM agenda, and any other procedures to ensure compliance with legal requirements.
Overall, this legal template serves as a guide for shareholders to exercise their right to requisition a resolution at the AGM, ensuring transparency, effective corporate governance, and shareholder engagement within the framework of UK company law.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
8
RATINGS
5
DISCUSSIONS
0
Section 338A Members' Requisition Of A Traded Company To Include Matter In Business Of Agm
This legal template refers to Section 338A under UK law, which pertains to the rights and powers of members (shareholders) of a traded company to request the inclusion of a particular matter in the business agenda of an Annual General Meeting (AGM).
The template outlines the specific procedure and requirements for members to submit a requisition, formally requesting the inclusion of their proposed matter for discussion and potential decision-making at the AGM. This section of UK law ensures that shareholders have a voice and the ability to influence the company's decision-making process by raising important issues or proposing resolutions that they believe should be addressed by the company.
The template could include details about the necessary information that must be provided in the requisition, such as the member's name, contact information, and shareholding details. It may also outline the specific information required regarding the matter to be included, such as a concise description and rationale for the proposal. Additionally, the template might highlight the deadline by which the requisition must be submitted to ensure adequate review and inclusion in the AGM's agenda.
By using this legal template, members of a traded company in the UK can exercise their rights and actively participate in shaping the company's direction and decision-making processes through the inclusion of their proposed matters in the AGM agenda.
The template outlines the specific procedure and requirements for members to submit a requisition, formally requesting the inclusion of their proposed matter for discussion and potential decision-making at the AGM. This section of UK law ensures that shareholders have a voice and the ability to influence the company's decision-making process by raising important issues or proposing resolutions that they believe should be addressed by the company.
The template could include details about the necessary information that must be provided in the requisition, such as the member's name, contact information, and shareholding details. It may also outline the specific information required regarding the matter to be included, such as a concise description and rationale for the proposal. Additionally, the template might highlight the deadline by which the requisition must be submitted to ensure adequate review and inclusion in the AGM's agenda.
By using this legal template, members of a traded company in the UK can exercise their rights and actively participate in shaping the company's direction and decision-making processes through the inclusion of their proposed matters in the AGM agenda.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
12
RATINGS
2
DISCUSSIONS
0
Notice Of Contract Assignment To Third Party
The legal template for a Notice of Contract Assignment to Third Party under UK Law is a document that outlines the transfer or assignment of contractual rights and obligations from one party (assignor) to a third party (assignee). This notice serves as a formal communication to all relevant parties involved in the contract, informing them of the assignment and ensuring transparency regarding the change in contractual relationship.
The template includes essential details such as the names and addresses of the assignor, assignee, and any other relevant parties, as well as the effective date of the assignment. It also describes the specific contract being assigned, including its terms, conditions, and obligations.
This document adheres to UK laws and regulations surrounding contract assignments, ensuring that it complies with legal requirements and formalities. It may also include any necessary clauses or provisions to protect the interests of all parties involved.
Ultimately, the Notice of Contract Assignment to Third Party under UK Law is a comprehensive template that facilitates a smooth and transparent transfer of contractual rights and responsibilities, minimizing the potential for disputes or misunderstandings arising from the assignment process.
The template includes essential details such as the names and addresses of the assignor, assignee, and any other relevant parties, as well as the effective date of the assignment. It also describes the specific contract being assigned, including its terms, conditions, and obligations.
This document adheres to UK laws and regulations surrounding contract assignments, ensuring that it complies with legal requirements and formalities. It may also include any necessary clauses or provisions to protect the interests of all parties involved.
Ultimately, the Notice of Contract Assignment to Third Party under UK Law is a comprehensive template that facilitates a smooth and transparent transfer of contractual rights and responsibilities, minimizing the potential for disputes or misunderstandings arising from the assignment process.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
9
RATINGS
4
DISCUSSIONS
1
