Default by the Partnership. If the Partnership shall fail at Closing Time or at the Date of Delivery to sell the number of Units that it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of the non-defaulting party; provided, however, that the provisions of Sections 1, 4, 6, 7, 8, 13 and 17 shall remain in full force and effect. No action taken pursuant to this Section shall relieve the Partnership from liability, if any, in respect of such default.
Appears in 5 contracts
Samples: Underwriting Agreement (Stonemor Partners Lp), Underwriting Agreement (Stonemor Partners Lp), Underwriting Agreement (Stonemor Partners Lp)
Default by the Partnership. If the Partnership shall fail at Closing Time or at the Date of Delivery to sell the number of Units that it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of the any non-defaulting party; provided, however, that the provisions of Sections 1, 4, 6, 7, 8, 13 7 and 17 8 shall remain in full force and effect. No action taken pursuant to this Section shall relieve the Partnership from liability, if any, in respect of such default.
Appears in 2 contracts
Samples: Purchase Agreement (Universal Compression Partners, L.P.), Purchase Agreement (Universal Compression Partners, L.P.)
Default by the Partnership. If the Partnership shall fail at Closing Time or at the Date of Delivery to sell the number of Units that it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of the non-defaulting partyUnderwriter; provided, however, that the provisions of Sections 1, 4, 6, 7, 8, 13 12 and 17 16 shall remain in full force and effect. No action taken pursuant to this Section shall relieve the Partnership from liability, if any, in respect of such default.
Appears in 1 contract
