Common use of Exercise of Termination Rights Clause in Contracts

Exercise of Termination Rights. In the event that one or more but not all of the Underwriters shall exercise their right of termination under Section 17, the other Underwriters shall have the right, but shall not be obligated, to purchase on a pro rata basis all of the percentage of the Firm Shares or the Optional Shares, as the case may be, which would otherwise have been purchased by such Underwriters which have so exercised their right of termination.

Exercise of Termination Rights. ‌ In the event that one or more but not all of the Underwriters shall exercise their right of termination under Section 1710, the other Underwriters shall have the right, but shall not be obligated, to purchase purchase, on a pro rata basis basis, all of the percentage of the Firm Shares or the Optional Shares, as the case may be, Offered Units which would otherwise have been purchased by such Underwriters Underwriter which have so exercised their right of termination.

Exercise of Termination Rights. In the event that one or more but not all of the Underwriters shall exercise their right of termination under Section 1718, the other Underwriters others shall have the right, but shall not be obligated, to purchase on a pro rata basis all of the percentage of the Firm Shares Units or the Optional SharesAdditional Securities, as the case may be, which would otherwise have been purchased by such Underwriters which have so exercised their right of termination.

Exercise of Termination Rights. In the event that one or more but not all of the Underwriters shall exercise their its right of termination under Section 1711, the other Underwriters shall have the right, but shall not be obligated, to purchase on a pro rata basis all of the percentage of the Firm Shares or the Optional SharesOffered Securities, as the case may be, which would otherwise have been purchased by such Underwriters which have so exercised their right of termination.