Default by One of the Underwriters. If one of the Underwriters participating in the public offering of the Certificates shall fail at the Closing Date to purchase the Certificates which it is obligated to purchase hereunder (the “Defaulted Certificates”), then one or more of the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to purchase all, but not less than all, of the Defaulted Certificates in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the non-defaulting Underwriters have not completed such arrangements within such 24-hour period, then:
Appears in 4 contracts
Samples: Underwriting Agreement (Fixed Income Client Solutions LLC), Underwriting Agreement (Fixed Income Trust for Goldman Sachs Subordinated Notes, Series 2011-1), Underwriting Agreement (Synthetic Fixed Income Securities Inc)
Default by One of the Underwriters. If one of the Underwriters participating in the public offering of the Class A Certificates shall fail at on the Closing Date to purchase the Class A Certificates which it is obligated to purchase hereunder (the “"Defaulted Certificates”"), then one or more of the non-defaulting Underwriters Underwriter shall have the right, within 24 hours thereafter, to make arrangements for it, or any other underwriter, to purchase all, but not less fewer than all, of the Defaulted Certificates in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the non-defaulting Underwriters you have not completed such arrangements within such 24-hour period, then:
Appears in 2 contracts
Samples: Underwriting Agreement (Block Mortgage Finance Inc), Pooling and Servicing Agreement (Block Mortgage Finance Inc Asset Backed Cert Series 1998 2)
Default by One of the Underwriters. If one of the Underwriters participating in the public offering of the Class A Certificates shall fail at on the Closing Date to purchase the Class A Certificates which it is obligated to purchase hereunder (the “"Defaulted Certificates”"), then one or more of the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements for them, or any other underwriter, to purchase all, but not less fewer than all, of the Defaulted Certificates in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the non-defaulting Underwriters you have not completed such arrangements within such 24-hour period, then:
Appears in 2 contracts
Samples: Underwriting Agreement (Block Mortgage Finance Inc Asset Backed Cert Series 1999 2), Block Mortgage Finance Asset Backed Certificates Ser 1999 1
Default by One of the Underwriters. If one of the Underwriters participating in the public offering of the Offered Certificates shall fail at the Closing Date to purchase the Offered Certificates which it is obligated to purchase hereunder (the “Defaulted Certificates”"DEFAULTED CERTIFICATES"), then one or more of the non-defaulting Underwriters Underwriter shall have the right, within 24 hours thereafter, to purchase all, but not less than all, of the Defaulted Certificates in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the non-defaulting Underwriters have Underwriter has not completed such arrangements within such 24-hour period, then:
Appears in 1 contract
Samples: First Union Residential Securitization Transactions Inc
Default by One of the Underwriters. If one of the Underwriters participating in the public offering of the Group 1 Offered Certificates shall fail at the Closing Date to purchase the Group 1 Offered Certificates which it is obligated to purchase hereunder (the “"Defaulted Certificates”"), then one or more of the non-defaulting Underwriters Underwriter shall have the right, within 24 hours thereafter, to purchase all, but not less than all, of the Defaulted Certificates in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the non-defaulting Underwriters have Underwriter has not completed such arrangements within such 24-hour period, then:
Appears in 1 contract
Samples: First Union Residential Securitization Transactions Inc
Default by One of the Underwriters. If one of the Underwriters participating in the public offering of the Class A Certificates shall fail at on the Closing Date to purchase the Class A Certificates which it is obligated to purchase hereunder (the “"Defaulted Certificates”"), then one or more of the non-defaulting Underwriters Underwriter shall have the right, within 24 hours thereafter, to make arrangements for it, or any other underwriter, to purchase all, but not less fewer than all, of the Defaulted Certificates in such amounts as may be agreed upon and upon the terms herein set forth. If, BWNY03/123624 however, the non-defaulting Underwriters you have not completed such arrangements within such 24-hour period, then:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Block Mortgage Finance Asset Backed Certificates Ser 1998-1)
Default by One of the Underwriters. If one of the Underwriters participating in the public offering of the Certificates shall fail at the Closing Date to purchase the Certificates which it is obligated to purchase hereunder (the “"Defaulted Certificates”"), then one or more of the non-defaulting Underwriters Underwriter shall have the right, within 24 hours thereafter, to purchase all, but not less than all, of the Defaulted Certificates in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the non-defaulting Underwriters have Underwriter has not completed such arrangements within such 24-hour period, then:
Appears in 1 contract
Samples: Underwriting Agreement (CSFB Asset Repackaging Depositor LLC)
Default by One of the Underwriters. If one of the Underwriters participating in the public offering of the Group 2 Offered Certificates shall fail at the Closing Date to purchase the Group 2 Offered Certificates which it is obligated to purchase hereunder (the “"Defaulted Certificates”"), then one or more of the non-defaulting Underwriters Underwriter shall have the right, within 24 hours thereafter, to purchase all, but not less than all, of the Defaulted Certificates in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the non-defaulting Underwriters have Underwriter has not completed such arrangements within such 24-hour period, then:
Appears in 1 contract
Samples: First Union Residential Securitization Transactions Inc
Default by One of the Underwriters. If one of the Underwriters participating in the public offering of the Offered Certificates shall fail at the Closing Date to purchase the Offered Certificates which it is obligated to purchase hereunder (the “"Defaulted Certificates”"), then one or more of the non-defaulting Underwriters Underwriter shall have the right, within 24 [24] hours thereafter, to purchase all, but not less than all, of the Defaulted Certificates in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the non-defaulting Underwriters have Underwriter has not completed such arrangements within such 24-hour [24]-hour period, then:
Appears in 1 contract
Samples: Jv Capital Trust
Default by One of the Underwriters. If one of the Underwriters participating in the public offering of the Certificates shall fail at the Closing Date to purchase the Certificates which it is obligated to purchase hereunder (the “"Defaulted Certificates”"), then one or more of the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to purchase all, but not less than all, of the Defaulted Certificates in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the non-defaulting Underwriters have not completed such arrangements within such 24-hour period, then:
Appears in 1 contract
