Common use of Defaults of Underwriters Clause in Contracts

Defaults of Underwriters. If any Underwriter or Underwriters default in their obligations to purchase the Certificates hereunder on the Closing Date and arrangements satisfactory to the Representative and the Seller for the purchase of such Certificates by other persons are not made within 36 hours after such default, this Agreement will terminate without liability on the part of any nondefaulting Underwriter or the Seller, except as provided in Section 11. As used in this Agreement, the term "Underwriter" includes any person substituted for an Underwriter under this Section. Nothing herein will relieve a defaulting Underwriter from liability for its default.

Defaults of Underwriters. If any Underwriter or Underwriters default in their obligations to purchase the Certificates Offered Notes hereunder on the Closing Date and arrangements satisfactory to the Representative and the Seller for the purchase of such Certificates Offered Notes by other persons are not made within 36 hours after such default, this Agreement will terminate without liability on the part of any nondefaulting Underwriter or the Seller, except as provided in Section 1112. As used in this Agreement, the term "Underwriter" includes any person substituted for an Underwriter under this Section. Nothing herein will relieve a defaulting Underwriter from liability for its default.

Defaults of Underwriters. If any Underwriter or Underwriters default in their obligations to purchase the Certificates Offered Notes hereunder on the Closing Date and arrangements satisfactory to the each Representative and the Seller Depositor for the purchase of such Certificates Offered Notes by other persons are not made within 36 hours after such default, this Agreement will terminate without liability on the part of any nondefaulting Underwriter or the SellerDepositor, except as provided in Section 1113. As used in this Agreement, the term "Underwriter" includes any person substituted for an Underwriter under this Section. Nothing herein will relieve a defaulting Underwriter from liability for its default.

Defaults of Underwriters. If any Underwriter or Underwriters default in their obligations to purchase the Certificates Notes hereunder on the Closing Date and arrangements satisfactory to the Representative and the Seller for the purchase of such Certificates Notes by other persons are not made within 36 24 hours after such default, this Agreement will terminate without liability on the part of any nondefaulting Underwriter or the Seller, except as provided in Section 1113. As used in this Agreement, the term "Underwriter" includes any person substituted for an Underwriter under this Section. Nothing herein will relieve a defaulting Underwriter from liability for its default.

Defaults of Underwriters. If any Underwriter or Underwriters default in their obligations to purchase the Certificates Offered Notes hereunder on the Closing Date and arrangements satisfactory to the Representative and the Seller Depositor for the purchase of such Certificates Offered Notes by other persons are not made within 36 hours after such default, this Agreement will terminate without liability on the part of any nondefaulting Underwriter or the SellerDepositor, except as provided in Section 1113. As used in this Agreement, the term "“Underwriter" ” includes any person substituted for an Underwriter under this Section. Nothing herein will relieve a defaulting Underwriter from liability for its default.

Defaults of Underwriters. If any Underwriter or Underwriters default in their obligations to purchase the Certificates Notes hereunder and under the applicable Terms Agreement on the Closing Date and arrangements satisfactory to the Representative and the Seller Depositor for the purchase of such Certificates Notes by other persons are not made within 36 hours after such default, this Agreement and the applicable Terms Agreement will terminate without liability on the part of any nondefaulting Underwriter or the SellerDepositor, except as provided in Section 1111 hereof. As used in this Agreement, the term "Underwriter" includes any person substituted for an Underwriter under this SectionSection 10. Nothing herein will relieve a defaulting Underwriter from liability for its default.].

Defaults of Underwriters. If any Underwriter or Underwriters default in their obligations to purchase the Certificates Notes hereunder on the Closing Date and arrangements satisfactory to the Representative you and the Seller for the purchase of such Certificates Notes by other persons are not made within 36 hours after such default, this Agreement and the applicable Terms Agreement will terminate without liability on the part of any nondefaulting Underwriter or the Seller, except as provided in Section 1111 hereof. As used in this Agreement, the term "Underwriter" includes any person substituted for an Underwriter under this SectionSection 9. Nothing herein will relieve a defaulting Underwriter from liability for its default.

Defaults of Underwriters. If any Underwriter or Underwriters default in their obligations to purchase the Certificates hereunder on the Closing Date and arrangements satisfactory to the Representative and the Seller Depositor for the purchase of such Certificates by other persons are not made within 36 hours after such default, this Agreement will terminate without liability on the part of any nondefaulting Underwriter or the SellerDepositor, except as provided in Section 1113. As used in this Agreement, the term "Underwriter" includes any person substituted for an Underwriter under this Section. Nothing herein will relieve a defaulting Underwriter from liability for its default.

Defaults of Underwriters. If any Underwriter or Underwriters default in their obligations to purchase the Certificates Offered Notes hereunder on the Closing Date and arrangements satisfactory to the Representative and the Seller Depositor for the purchase of such Certificates Offered Notes by other persons are not made within 36 hours after such default, this Agreement will terminate without liability on the part of any nondefaulting Underwriter or the SellerDepositor, except as provided in Section 1113. As used in this Agreement, the term "Underwriter" includes any person substituted for an Underwriter under this Section. Nothing herein will relieve a defaulting Underwriter from liability for its default.

Defaults of Underwriters. If any Underwriter or Underwriters default in their obligations to purchase the Certificates Notes hereunder on the Closing Date and arrangements satisfactory to the Representative you and the Seller for the purchase of such Certificates Notes by other persons are not made within 36 hours after such default, this Agreement and the applicable Terms Agreement will terminate without liability on the part of any nondefaulting Underwriter or the Seller, except as provided in Section 11. As used in this Agreement, the term "Underwriter" includes any person substituted for an Underwriter under this SectionSection 9. Nothing herein will relieve a defaulting Underwriter from liability for its default.

Defaults of Underwriters. If any Underwriter or Underwriters default in their obligations to purchase the Certificates hereunder on the Closing Date and arrangements satisfactory to the Representative and the Seller for the purchase of such Certificates by other persons are not made within 36 hours after such default, this Agreement will terminate without liability on the part of any nondefaulting Underwriter or the Seller, except as provided in Section 11. As used in this Agreement, the term "Underwriter" includes any person substituted for an Underwriter under this Section. Nothing herein will relieve a defaulting Underwriter from liability for its default.in

Defaults of Underwriters. If any Underwriter or Underwriters default in their obligations to purchase the Certificates Notes hereunder on the Closing Date and arrangements satisfactory to the Representative you and the Seller for the purchase of such Certificates Notes by other persons are not made within 36 hours after such default, this Agreement and the applicable Terms Agreement will terminate without liability on the part of any nondefaulting Underwriter or the Seller, except as provided in Section 11. As used in this Agreement, the term "Underwriter" includes any person substituted for an Underwriter under this Section. Nothing herein will relieve a defaulting Underwriter from liability for its default.