Examlex
The primary purpose of the probe in a line of questioning is to:
Best Efforts
A contractual clause requiring one party to exert all reasonable attempts to fulfill the terms of the agreement.
Preemptive Rights
The rights that allow existing shareholders to purchase new shares in a company before the company offers them to the public, to maintain their proportionate ownership.
Standby Underwriting
An arrangement in which an underwriter agrees to buy any unsold shares after a public offering, ensuring the issuer sells all shares but only if necessary.
Common Shares
Type of equity security that represents ownership in a corporation, providing voting rights and entitling the holder to a share of the company’s success through dividends and/or capital appreciation.
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