Default by One of the Underwriters. If one of the Underwriters shall fail on the Closing Date to purchase the Notes that it is obligated to purchase under this Agreement (the “Defaulted Securities”), the non-defaulting Underwriter shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities upon the terms herein set forth. If, however, the non-defaulting Underwriter shall not have completed such arrangements within such 24-hour period, then:
Appears in 2 contracts
Samples: Cleco Power LLC, Cleco Power LLC
Default by One of the Underwriters. If one of the Underwriters shall fail on the at Closing Time or a Date of Delivery to purchase the Notes that Securities which it is obligated to purchase under this Agreement (the “"Defaulted Securities”"), the non-defaulting Underwriter shall have the right, within 24 hours thereafter, to make arrangements for such non-defaulting Underwriter or any other underwriters to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If; if, however, the non-defaulting Underwriter shall not have completed such arrangements within such 24-hour period, then:
Appears in 2 contracts
Samples: Underwriting Agreement (Kaufman & Broad Home Corp), KBHC Financing I
Default by One of the Underwriters. If one or more of the Underwriters shall fail on the Closing Date to purchase the Notes that it is obligated to purchase under this Agreement (the “"Defaulted Securities”"), the non-defaulting Underwriter Underwriters shall have the right, within 24 hours thereafter, to make arrangements for it, or any other underwriter, to purchase all, but not less than all, of the Defaulted Securities upon the terms herein set forth. If, however, the non-defaulting Underwriter Underwriters shall not have completed such arrangements within such 24-hour period, then:
Appears in 1 contract
Samples: Cleco Power LLC
Default by One of the Underwriters. If one or more of the Underwriters shall fail on the Closing Date to purchase the Notes that it is obligated to purchase under this Agreement (the “Defaulted Securities”), the non-defaulting Underwriter Underwriters shall have the right, within 24 hours thereafter, to make arrangements for it, or any other underwriter, to purchase all, but not less than all, of the Defaulted Securities upon the terms herein set forth. If, however, the non-defaulting Underwriter Underwriters shall not have completed such arrangements within such 24-hour period, then:
Appears in 1 contract
