An agreement sometimes used in addition to an Agreement Among Underwriters when a selling group consists of more entities than just Underwriters in a Syndicate.
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Agreement used in the purchase of a bond issue by a syndicate to set out the rights, obligations and purchase commitments of each underwriter; to authorize one or more underwriters to act as manager(s); and to give the manager(s) authority to act on behalf of the others in connection with the bond issue.
A group of underwriters formed to buy a bond issue from the issuer and then offer the bonds for resale to the public.
Bonds having a subordinate claim on one or more security interests relative to the claim against such security interests by the holders of other bonds, also known as “junior lien bonds.”
