Subscription agreements

Indemnity clauses in favour of the arranger should also be included in both the mandate letters and the subscription agreement. An indem-... 

The subscription agreement is an agreement between the issuer and the manager. It includes an undertaking by the manager to purchase the bonds on the closing date, subject to certain conditions precedent. 

The subscription agreement, like the mandate letters, usually includes walk-away clauses as for example ... 

The subscription agreement will also include an undertaking of the manager to comply with the selling restrictions imposed by the issuer. 

A summary of such restrictions is usually included in the offering circular and subscription agreement. The restrictions are targeted to the jurisdiction where the issue is originated, the jurisdiction of incorporation of the issuer, the United States of America and the jurisdictions of the investors most likely to participate in the issue. 

The Netherlands Where the issuer is not a Dutch entity, there should be a selling restriction in the offering circular and subscription agreement indicating that the arranger agreed that the notes would only be offered or sold to persons who trade or invest in securities in the course of its ordinary profession or business. Such offering circular must be filed... 

In certain jurisdictions a stamp or documentary tax may be payable on the issue of the bonds or the execntion of documents relating to the issue. The issuer generally undertakes in the subscription agreement or note purchase agreement to bear any such taxes. In Italy, for example, stamp duty is payable by Italian issners if they issue bonds and the relevant documentation is executed in Italy. 

The structure leads to a general formula for the micas namely, KXMY.1Oio(OH,r )2, with 2 < < 3, in which X represents cations of coordination number 6 (Al+3, Mg+, Fe++, Fe+3, Mn++, Mn+3, Ti+ Li+, etc.) and Y cations of coordination number 4 (Si+4, A1+3, etc.). The subscript n can have any value between 2 (hydrargillite layer) and 3 (complete octahedral layer). K+ can be partially replaced by Na+ and possibly to some extent by Ca++. This formula represents satisfactorily the.numerous recently published mica analyses almost without exception.6 The distribution of the various ions X and Y must be such as to give general agreement with the electrostatic valence rule. 

If a series of bases obeys a Hammett type of treatment toward a constant acid, the above discussion is applicable to this problem also. Now the transformed base parameter Eb is related to the substituent constant a and Ea is related to g. The appropriate transformation equations result by simply interchanging the subscripts B and A in all of the above equations. It should also be mentioned that the constancy of — R, the requirement for a Hammett-t5q)e equation, is a different requirement than the constancy of the C/E ratio for a one term equation. A limited set of data can obey a one term equation and not be amenable to a Hammett-type of approach. For example, the parameters of all of the alcohols (aliphatic and aromatic) undergoing a hydrogen bonding interaction have a fairly constant C/E ratio and give fair agreement with a one term treatment. 

From the pure component data it is possible to calculate the expected a behavior as a function of temperature for a blend of the two polymers using the equation ah = sas + < rar, where the subscripts b, s, and r refer to the blend, polystyrene, and rubber, respectively, and the < s represent the volume fractions of the two components in the blend. The calculated curves (Figure 7) are reasonably smooth and exhibit only the polystyrene Tg. The calculated curve for TR-41-2445 is in good agreement with that found experimentally for the solution-blended material. The only significant difference is that below the polystyrene Tg the calculated values of a are about 0.5 X 10 4 deg1 lower than the experimentally determined data points. This may be attributable to the density differences in the samples, particularly for the blended material where density variations and void formation can occur at the interfaces between the polymer phases. 

Up = Eve + (Pe - V elte where the subscripts (e) refer to exit quantities, and the subscript (a) refers to ambient quanth ties V = product stream velocity, p - static pressure, A = area, m= rate of mass flow g = gravitational acceleration (Ref 1). Typical values of ISp for ordinary systemsis 200-270 lb-sec/lb and 270-400 lb-sec/lb for high-energy systems (Ref 2). Theoretical calculations of lSp (based on thermodynamics thermochemistry) are in good agreement with experimental measurements (Ref 3)... 

A dimensionless constant ic has a priori theoretical value of 0.5 and the subscripts, g and l,in Eq. (13) denote the gas state and the liquid state, respectively. By substituting Eq. (11) into Eq. (14) and then integrating Eq. (13), the surface tension can be obtained. Such a procedure has been previously shown to yield estimates of surface tension for polyethylene melts in good agreement with experiment [26]. 

The t values (without subscripts) in Eq. (E) refer to those calculated from Eq. (14-21) and correspond to the dashed lines in Fig. 14-4. Y- was evaluated at 477°C by finding what value would give the best agreement of with the experimental data, making the calculations with Eq. (F). The solid line for 477°C (Fig.i4-4) shows the curve for Y- = 0.66. There appears to be some deviation at the highest conversion, but the agreement for all other x values is good. The effective diffusivity is then readily obtainable from the definition of Y and Eq. (C),... 

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