Maintenance Act, 1998
R 385
underwriting fee
means any fee charged by a person in terms of an agreement in writing between such person and any person issuing debentures in terms of which the first-mentioned person undertakes to subscribe to any debentures so issued having an aggregate issued price of not less than R250 000 if such debentures are not subscribed to by any other person, and which fee is charged and payable when all such debentures have been subscribed to.
