Common use of Exercise of Termination Right Clause in Contracts

Exercise of Termination Right. If this Agreement is terminated by any of the Underwriters pursuant to Section 14, there shall be no further liability on the part of such Underwriters or of the Corporation to such Underwriters, except in respect of any liability which may have arisen or may thereafter arise under Sections 17 and 18. The right of the Underwriters (or any one of them) to terminate their respective obligations under this Agreement is in addition to such other remedies as they may have in respect of any default, act or failure to act of the Corporation in respect of any of the matters contemplated by this Agreement.

Appears in 2 contracts

Samples: Underwriting Agreement, Underwriting Agreement

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Exercise of Termination Right. If this Agreement is terminated by any of the Underwriters Underwriter pursuant to Section 148, there shall be no further liability on the part of such Underwriters the Underwriter or of the Corporation to such Underwritersthe Underwriter, except in respect of any liability which may have arisen or may thereafter arise under Sections 17 11, 12 and 1813. The right of the Underwriters (or any one of them) Underwriter to terminate their respective its obligations under this Agreement is are in addition to such other remedies as they it may have in respect of any default, act or failure to act of the Corporation in respect of any of the matters contemplated by this Agreement.

Appears in 2 contracts

Samples: Underwriting Agreement (Sonic Environmental Solutions Inc/Can), Underwriting Agreement (Sonic Technology Solutions Inc.)

Exercise of Termination Right. If this Agreement is terminated by any of the Underwriters Underwriter pursuant to Section 14, there shall be no further liability on the part of such Underwriters Underwriter or of the Corporation Company to such UnderwritersUnderwriter, except in respect of any liability which may have arisen or may thereafter arise under Sections 17 and 18. The right of the Underwriters Underwriter (or any one of them) to terminate their respective obligations under this Agreement is in addition to such other remedies as they may have in respect of any default, act or failure to act of the Corporation Company in respect of any of the matters contemplated by this Agreement.

Appears in 2 contracts

Samples: Underwriting Agreement, Underwriting Agreement

Exercise of Termination Right. If this Agreement is terminated by any of the Underwriters pursuant to Section section 14, there shall be no further liability on the part of such Underwriters Underwriter or of the Corporation to such UnderwritersUnderwriter, except in respect of any liability which may have arisen or may thereafter arise 38. under Sections 17 sections 18, 19 and 1820. The right of the Underwriters (or any one of them) to terminate their respective obligations under this Agreement is in addition to such other remedies as they may have in respect of any default, act or failure to act of the Corporation in respect of any of the matters matter contemplated by this Agreement. A notice of termination given by one Underwriter under section 14 shall not be binding upon the other Underwriters.

Appears in 1 contract

Samples: Underwriting Agreement (Crosshair Exploration & Mining Corp)

Exercise of Termination Right. If this Agreement is terminated by any of the Underwriters Underwriter pursuant to Section 13 or Section 14, there shall be no further liability on the part of such Underwriters the Underwriter or of the Corporation to such Underwritersthe Underwriter, except in respect of any liability which may have arisen or may thereafter arise under Sections 17 and 18. The right of the Underwriters (or any one of them) Underwriter to terminate their its respective obligations under this Agreement is in addition to such other remedies as they may have in respect of any default, act or failure to act of the Corporation in respect of any of the matters contemplated by this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Nouveau Monde Graphite Inc.)

Exercise of Termination Right. If this Agreement is terminated by any of the Underwriters pursuant to Section 14section 15, there shall be no further liability on the part of such Underwriters Underwriter or of the Corporation to such UnderwritersUnderwriter, except in respect of any liability which may have arisen or may thereafter arise under Sections 17 sections 19, 20 and 1821. The right of the Underwriters (or any one of them) to terminate their respective obligations under this Agreement is in addition to such other remedies as they may have in respect of any default, act or failure to act of the Corporation in respect of any of the matters matter contemplated by this Agreement. A notice of termination given by one Underwriter under section 15 shall not be binding upon the other Underwriters.

Appears in 1 contract

Samples: Underwriting Agreement (Brigus Gold Corp.)

Exercise of Termination Right. If this Agreement is terminated by any of the Underwriters pursuant to Section 14section 15, there shall be no further liability on the part of such Underwriters Underwriter or of the Corporation to such UnderwritersUnderwriter, except in respect of any liability which may have arisen or may thereafter arise under Sections 17 sections 18, 19 and 1820. The right of the Underwriters (or any one of them) to terminate their respective obligations under this Agreement is in addition to such other remedies as they may have in respect of any default, act or failure to act of the Corporation in respect of any of the matters matter contemplated by this Agreement. A notice of termination given by one Underwriter under section 15 shall not be binding upon the other Underwriters.

Appears in 1 contract

Samples: Underwriting Agreement (Brigus Gold Corp.)

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Exercise of Termination Right. If this Agreement is terminated by any of the Underwriters Underwriter pursuant to Section 14paragraph 12, there shall be no further liability to the Corporation on the part of such Underwriters the Underwriter or of the Corporation to such Underwritersthe Underwriter, except in respect of any liability which may have arisen or may thereafter arise under Sections 17 paragraphs 15, 16 and 1817. The right of the Underwriters (or any one of them) Underwriter to terminate their respective its obligations under this Agreement is in addition to such other remedies as they it may have in respect of any default, act or failure to act of the Corporation in respect of any of the matters contemplated by this Agreement.

Appears in 1 contract

Samples: Underwriting and Agency Agreement (Adherex Technologies Inc)

Exercise of Termination Right. If this Agreement is terminated by any of the Underwriters Underwriter pursuant to Section paragraph 14, there shall be no further liability to the Corporation on the part of such Underwriters the Underwriter or of the Corporation to such Underwritersthe Underwriter, except in respect of any liability which may have arisen or may thereafter arise under Sections 17 paragraphs 17, 19 and 1822. The right of the Underwriters (or any one of them) Underwriter to terminate their respective its obligations under this Agreement is in addition to such other remedies as they it may have in respect of any default, act or failure to act of the Corporation in respect of any of the matters contemplated by this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (American Bonanza Gold Corp.)

Exercise of Termination Right. If this Agreement is terminated by any of the Underwriters pursuant to Section 14, there shall be no further liability on the part of such the Underwriters or of the Corporation to such Underwriters, except in respect of any liability which may have arisen or may thereafter arise under Sections 17 18 and 1819 hereof. The right of the Underwriters (or any one of them) to terminate their respective obligations under this Agreement is in addition to such other remedies as they may have in respect of any default, act or failure to act of the Corporation in respect of any of the matters contemplated by this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement

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