best efforts deal


best efforts deal
USA
best efforts deal, Also known as best efforts offering.
A bank loan financing where an agent bank agrees to use its best efforts (or commercially reasonable efforts) to arrange a syndicate of lenders that will make the loan but has no obligation to make the loans itself.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • best efforts offering — USA I best efforts deal, Also known as best efforts offering. A bank loan financing where an agent bank agrees to use its best efforts (or commercially reasonable efforts) to arrange a syndicate of lenders that will make the loan but has no… …   Law dictionary

  • Best Efforts — An agreement in which an underwriter promises to make a full fledged attempt to sell as much of an initial public offering as possible to the public. Best effort agreements are used mainly for securities with higher risk, such as unseasoned… …   Investment dictionary

  • best-efforts sale — A method of securities distribution/ underwriting in which the securities firm agrees to sell as much of the offering as possible and return any unsold shares to the issuer. As opposed to a guaranteed or fixed price sale or bought deal, in which… …   Financial and business terms

  • Deal, Kent — Coordinates: 51°13′21″N 1°24′02″E / 51.2226°N 1.4006°E / 51.2226; 1.4006 …   Wikipedia

  • fully underwritten deal — USA In the context of a bank loan financing, one or more initial lenders commits to fund 100% of the loans whether or not they are able to syndicate part of the loans to other lenders. Related terms best efforts deal (best efforts offering) …   Law dictionary

  • bought deal — security issue in which one or two underwriters buy the entire issue. Also known as a guaranteed or fixed price sale; opposite of a best efforts sale. Bloomberg Financial Dictionary A means of issuing Eurobonds. The lead manager of the issuer… …   Financial and business terms

  • New Deal — This article is about the 1930s economic programs of the United States. For other uses, see New Deal (disambiguation). Top left: The Tennessee Valley Authority, part of the New Deal, being signed into law in 1933. Top right: Franklin Delano… …   Wikipedia

  • Slavery abolition efforts by Les Amis des Noirs — The Slavery abolition efforts by Les Amis des Noirs took place against the background of the French Revolution with the argument that liberté, égalité, fraternité precluded slavery.BackgroundA common perception of the French Revolution of 1789 is …   Wikipedia

  • To do one's best — do do (d[=oo]), v. t. or auxiliary. [imp. {did} (d[i^]d); p. p. {done} (d[u^]n); p. pr. & vb. n. {Doing} (d[=oo] [i^]ng). This verb, when transitive, is formed in the indicative, present tense, thus: I do, thou doest (d[=oo] [e^]st) or dost… …   The Collaborative International Dictionary of English

  • Trade group efforts against file sharing — Arts and media industry trade groups such as the Recording Industry Association of America (RIAA) and Motion Picture Association of America (MPAA) strongly oppose and attempt to prevent copyright infringement through file sharing. The… …   Wikipedia