Summary by Moomoo AI
The Bank of Nova Scotia has executed a Sixth Amended and Restated Distribution Agreement with Scotia Capital (USA) Inc. on November 8, 2024, for the continuous offering of Senior Notes. The agreement outlines the framework for Scotia Capital to act as both principal purchaser and distribution agent for the Bank's securities offerings.The agreement establishes comprehensive procedures for securities issuance, including pricing, settlement through DTC, and documentation requirements. It provides detailed administrative protocols for book-entry notes, settlement timelines, and specific responsibilities of all parties involved in the distribution process.The arrangement includes provisions for indemnification, contribution, and risk allocation between parties. Scotia Capital's role encompasses both primary distribution and secondary market transactions, with flexibility for the Bank to appoint additional agents and increase aggregate offering amounts without prior notice to existing agents.
