Common use of Default by the Company Clause in Contracts

Default by the Company. If the Company shall fail at the First Delivery Date to sell and deliver the number of Securities that it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any non-defaulting party. No action taken pursuant to this Section 11 shall relieve the Company from liability, if any, in respect of such default.

Appears in 5 contracts

Samples: Underwriting Agreement (Kodiak Oil & Gas Corp), Underwriting Agreement (Kodiak Oil & Gas Corp), Underwriting Agreement (Kodiak Oil & Gas Corp)

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Default by the Company. If the Company shall fail at the First Delivery Date to sell and deliver the number of Securities that which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any non-defaulting party. No action taken pursuant to this Section 11 12 shall relieve the Company from liability, if any, in respect of such default.

Appears in 4 contracts

Samples: Underwriting Agreement (Rex Energy Corp), Underwriting Agreement (Rex Energy Corp), Underwriting Agreement (Superior Well Services, INC)

Default by the Company. If the Company shall fail at the First Delivery Date to sell and deliver the number of Securities that which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any non-defaulting party. No action taken pursuant to this Section 11 10 shall relieve the Company from liability, if any, in respect of such default.

Appears in 3 contracts

Samples: Underwriting Agreement (Rex Energy Corp), Underwriting Agreement (Rex Energy Corp), Underwriting Agreement (Rex Energy Corp)

Default by the Company. If the Company shall fail at the First Delivery Closing Date to sell and deliver the number of Securities that which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any non-defaulting party. No action taken pursuant to this Section 11 10 shall relieve the Company from liability, if any, in respect of such default.

Appears in 3 contracts

Samples: Purchase Agreement (American Medical Systems Holdings Inc), Purchase Agreement (American Medical Systems Holdings Inc), Underwriting Agreement (Onyx Pharmaceuticals Inc)

Default by the Company. If the Company shall fail at the First Delivery Date to sell and deliver the number of Securities that which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any non-defaulting party. No action taken pursuant to this Section 11 13 shall relieve the Company from liability, if any, in respect of such default.

Appears in 2 contracts

Samples: Underwriting Agreement (Superior Well Services, INC), Underwriting Agreement (Superior Well Services, INC)

Default by the Company. If the Company shall fail at the First Delivery Date to sell and deliver the number of Securities that which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any non-defaulting party. No action taken pursuant to this Section 11 shall relieve the Company from liability, if any, in respect of such default.

Appears in 1 contract

Samples: Underwriting Agreement (Superior Well Services, INC)

Default by the Company. If the Company shall fail at the First Delivery Date to sell and deliver the number of Securities that it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any non-defaulting party. No action taken pursuant to this Section 11 8 shall relieve the Company from liability, if any, in respect of such default.

Appears in 1 contract

Samples: Underwriting Agreement (Tullys Coffee Corp)

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Default by the Company. If the Company shall fail at the First Delivery Closing ---------------------- Date to sell and deliver the number of Securities that which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any non-defaulting party. No action taken pursuant to this Section 11 10 shall relieve the Company from liability, if any, in respect of such default.

Appears in 1 contract

Samples: Purchase Agreement (Therasense Inc)

Default by the Company. If the Company shall fail at the First Delivery Closing Date to sell and deliver the number of Securities that it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any non-defaulting party. No action taken pursuant to this Section 11 10 shall relieve the Company from liability, if any, in respect of such default.

Appears in 1 contract

Samples: Purchase Agreement (Granite Financial Inc)

Default by the Company. If the Company shall fail at the First Delivery Date to sell and deliver the number of Securities that which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any non-defaulting party. No action taken pursuant to this Section 11 12 shall relieve the Company or the Subsidiaries from liability, if any, in respect of such default.

Appears in 1 contract

Samples: Underwriting Agreement (Meadowbrook Insurance Group Inc)

Default by the Company. If the Company shall fail at the First Delivery Date to sell and deliver the number of Securities that which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any non-defaulting party. No action taken pursuant to this Section 11 12 shall relieve the Company Company, the Founding Companies or the Subsidiaries from liability, if any, in respect of such default.

Appears in 1 contract

Samples: Underwriting Agreement (Rex Energy Corp)

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