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Agreement among underwriters. A contract among participating members of a syndicate that defines the members' proportionate liability, which is usually limited to and based on the participants' level of involvement. The contract outlines the payment schedule on the settlement date. Compare: Underwriting agreement.
In addition to the terms defined in the Instructions or elsewhere in the Agreement, the following. terms shall be used in the Agreement as defined below: âClosing Dateâmeans the date on which the Securities are purchased by the Underwriters as speci-. fied in or established pursuant to the Purchase Contract.