Common use of Default of Purchasers Clause in Contracts

Default of Purchasers. If any Purchaser or Purchasers default in their obligations to purchase Securities hereunder on the Closing Date and the aggregate principal amount of the Securities that such defaulting Purchaser or Purchasers agreed but failed to purchase does not exceed 10% of the total principal amount of the Securities, the Representatives may make arrangements satisfactory to the Company for the purchase of such Securities by other persons, including any of the Purchasers, but if no such arrangements are made by such Closing Date, the non-defaulting Purchasers shall be obligated severally, in proportion to their respective commitments hereunder, to purchase the Securities that such defaulting Purchasers agreed but failed to purchase on the Closing Date. If any Purchaser or Purchasers so default and the aggregate principal amount of Securities with respect to which such default or defaults occur exceeds 10% of the total principal amount of the Securities that Purchasers are required to purchase on the Closing Date and arrangements satisfactory to the Representatives and the Company for the purchase of such Securities by other persons are not made within 36 hours after such default, this Agreement will

Default of Purchasers. If any Purchaser or Purchasers default in their obligations to purchase Offered Securities hereunder on the Closing Date and the aggregate principal amount number of the Offered Securities that such defaulting Purchaser or Purchasers agreed but failed to purchase does not exceed 10% of the total principal amount number of the Offered Securities, the Representatives Credit Suisse may make arrangements satisfactory to the Company Issuer for the purchase of such Offered Securities by other persons, including any of the Purchasers, but if no such arrangements are made by such the Closing Date, the non-defaulting Purchasers shall be obligated severally, in proportion to their respective commitments hereunder, to purchase the Offered Securities that such defaulting Purchasers agreed but failed to purchase on the Closing Datepurchase. If any Purchaser or Purchasers so default and the aggregate principal amount number of Offered Securities with respect to which such default or defaults occur exceeds 10% of the total principal amount number of the shares of Offered Securities that the Purchasers are required obligated to purchase on the Closing Date and arrangements satisfactory to the Representatives and the Company for the purchase of such Securities by other persons are not made within 36 hours after such default, this Agreement willon

Default of Purchasers. If any Purchaser or Purchasers default in their obligations to purchase Securities hereunder on the Closing Date and the aggregate principal amount of the Offered Securities that such defaulting Purchaser or Purchasers agreed but failed to purchase does not exceed 10% of the total principal amount of the Offered Securities, the Representatives may make arrangements satisfactory to the Company for the purchase of such Offered Securities by other personspersons (provided that such persons shall not cause the offer, sale or issuance of the Offered Securities to require registration under the Securities Act, other than pursuant to the Registration Rights Agreement, or make the exemptions provided by Rule 144A and/or Regulation S unavailable for the offer, sale and issuance of the Offered Securities), including any of the Purchasers, but if no such arrangements are made by such the Closing Date, the non-defaulting Purchasers shall be obligated severally, in proportion to their respective commitments hereunder, to purchase the Offered Securities that such defaulting Purchasers agreed but failed to purchase on the Closing Datepurchase. If any Purchaser or Purchasers so default and the aggregate principal amount of the Offered Securities with respect to which such default or defaults occur exceeds 10% of the total principal amount of the Offered Securities that Purchasers are required to purchase on the Closing Date and arrangements satisfactory to the Representatives and the Company for the purchase of such Offered Securities by other persons are not made within 36 hours after such default, this Agreement willwithin

Default of Purchasers. If any Purchaser or Purchasers default in their obligations to purchase Securities Purchased Notes hereunder on the Closing Date and the aggregate principal amount of the Securities that Purchased Notes which such defaulting Purchaser or Purchasers agreed but failed to purchase does not exceed is 10% of the total principal amount of the SecuritiesPurchased Notes or less, the Representatives you may make arrangements satisfactory to the Company for the purchase of such Securities Purchased Notes by other persons, including any of the Purchasers, but if no such arrangements are made by such the Closing Date, Date the non-defaulting Purchasers shall be obligated severally, in proportion to their respective commitments hereunder, to purchase the Securities that Purchased Notes which such defaulting Purchasers agreed but failed to purchase on the Closing Datepurchase. If any Purchaser or Purchasers so default and the aggregate principal amount of Securities Purchased Notes with respect to which such default or defaults occur exceeds 10% of is more than the total principal amount of the Securities that Purchasers are required to purchase on the Closing Date above percentage and arrangements satisfactory to the Representatives you and the Company for the purchase of such Securities Purchased Notes by other persons are not made within 36 thirty-six hours after such default, this Agreement willwill terminate without liability on the part of any non-defaulting Purchaser or the Company, except as provided in Section 10. In the event that any Purchaser or Purchasers default in their

Default of Purchasers. If any Purchaser or Purchasers default in their obligations to purchase Securities hereunder on the Closing Date and the aggregate principal amount of the Securities that such defaulting Purchaser or Purchasers agreed but failed to purchase does not exceed 10% of the total principal amount of the Securities, the Representatives Representative may make arrangements satisfactory to the Company for the purchase of such Securities by other persons, including any of the Purchasers, but if no such arrangements are made by such Closing Date, the non-defaulting Purchasers shall be obligated severally, in proportion to their respective commitments hereunder, to purchase the Securities that such defaulting Purchasers agreed but failed to purchase on the Closing Date. If any Purchaser or Purchasers so default and the aggregate principal amount of Securities with respect to which such default or defaults occur exceeds 10% of the total principal amount of the Securities that Purchasers are required to purchase on the Closing Date and arrangements satisfactory to the Representatives and the Company for the purchase of such Securities by other persons are not made within 36 hours after such default, this Agreement willpurchase

Default of Purchasers. If any Purchaser or Purchasers default in their obligations to purchase Securities Purchased Notes hereunder on the Closing Date and the aggregate principal amount of the Securities that Purchased Notes which such defaulting Purchaser or Purchasers agreed but failed to purchase does not exceed is 10% of the total principal amount of the SecuritiesPurchased Notes or less, the Representatives you may make arrangements satisfactory to the Company for the purchase of such Securities Purchased Notes by other persons, including any of the Purchasers, but if no such arrangements are made by such the Closing Date, Date the non-defaulting Purchasers shall be obligated severally, in proportion to their respective commitments hereunder, to purchase the Securities that Purchased Notes which such defaulting Purchasers agreed but failed to purchase on the Closing Datepurchase. If any Purchaser or Purchasers so default and the aggregate principal amount of Securities Purchased Notes with respect to which such default or defaults occur exceeds 10% of is more than the total principal amount of the Securities that Purchasers are required to purchase on the Closing Date above percentage and arrangements satisfactory to the Representatives you and the Company for the purchase of such Securities Purchased Notes by other persons are not made within 36 hours after such default, this Agreement willthirty-six hours

Default of Purchasers. If any Purchaser or Purchasers default in their obligations to purchase Offered Securities hereunder on the Closing Date and the aggregate principal amount of the Offered Securities that such defaulting Purchaser or Purchasers agreed but failed to purchase does not exceed 10% of the total principal amount of the Offered Securities, the Co-Representatives may make arrangements satisfactory to the Company for the purchase of such Offered Securities by other persons, including any of the Purchasers, but if no such arrangements are made by such the Closing Date, the non-defaulting Purchasers shall be obligated severally, in proportion to their respective commitments hereunder, to purchase the Offered Securities that such defaulting Purchasers agreed but failed to purchase on the Closing Datepurchase. If any Purchaser or Purchasers so default and the aggregate principal amount of Offered Securities with respect to which such default or defaults occur exceeds 10% of the total principal amount of the Offered Securities that Purchasers are required to purchase on the Closing Date and arrangements satisfactory to the Representatives and the Company for the purchase of such Securities by other persons are not made within 36 hours after such default, this Agreement willCo-