Common use of Exercise of Termination Rights Clause in Contracts

Exercise of Termination Rights. The rights of termination contained in subparagraphs 11(a), (b), (c), (d) and (e) may be exercised by the Underwriter and are in addition to any other rights or remedies the Underwriter may have in respect of any default, act or failure to act or non-compliance by the Company in respect of any of the matters contemplated by this Agreement or otherwise. In the event of any such termination, there shall be no further liability on the part of the Underwriter to the Company or on the part of the Company to the Underwriter except in respect of any liability which may have arisen or may arise after such termination in respect of acts or omissions prior to such termination under paragraphs 12, 14 and 15.

Appears in 2 contracts

Samples: Underwriting Agreement (Bid Com International Inc), Underwriting Agreement (Bid Com International Inc)

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Exercise of Termination Rights. The rights of termination contained in subparagraphs Sections 11(a), (b), and (c), (d) and (e) may be exercised by the Underwriter Underwriters and are in addition to any other rights or remedies the Underwriter Underwriters may have in respect of any default, act or failure to act or non-compliance by the Company in respect of any of the matters contemplated by this Agreement or otherwise. In the event of any such terminationtermination by the Underwriters, there shall be no further liability on the part of the Underwriter Underwriters to the Company or on the part of the Company to the Underwriter Underwriters except in respect of any liability which may have arisen or may arise after such termination in respect of acts or omissions of the Company prior to such termination under paragraphs and in respect of Sections 12, 14 14, 22, 24 and 1525. A notice of termination given by one Underwriter under this Section 12 shall not be binding upon the other Underwriters.

Appears in 2 contracts

Samples: Underwriting Agreement (Vizsla Silver Corp.), Underwriting Agreement (Vizsla Silver Corp.)

Exercise of Termination Rights. The rights of termination contained in subparagraphs 11(aSections 18(a), (b), (c), (d) and (ed) may be exercised by any of the Underwriter Underwriters and are in addition to any other rights or remedies any of the Underwriter Underwriters may have in respect of any default, act or failure to act or non-compliance by the Company Corporation in respect of any of the matters contemplated by this Agreement or otherwise. In the event of any such termination, there shall be no further liability on the part of the Underwriter Underwriters to the Company Corporation or on the part of the Company Corporation to the Underwriter Underwriters except in respect of any liability which may have arisen prior to or may arise after such termination in respect under Sections 19, 20 and 22. A notice of acts termination given by an Underwriter under Section 18(a), (b), (c) or omissions prior to (d) shall not be binding upon any other Underwriter who has not also executed such termination under paragraphs 12, 14 and 15notice.

Appears in 1 contract

Samples: Underwriting Agreement

Exercise of Termination Rights. The rights of termination contained in subparagraphs 11(aSections 7(a), (b), (c), (d) and (ec) above may be exercised by the Underwriter Underwriters by written notice to the Company, provided that neither the giving nor the failure to give such notice shall in any way affect the Underwriters’ (or any one of their) entitlement to exercise this right at any time through to the Closing Time, and are in addition to any other rights or remedies the Underwriter Underwriters may have in respect of any default, act or failure to act or non-compliance by the Company in respect of any of the matters contemplated by this Agreement or otherwise. In the event of any such terminationtermination by the Underwriters, there shall be no further liability on the part of the Underwriter to the Company such Underwriter, or on the part of the Company to the such Underwriter except in respect of any liability which may have arisen or may arise after such termination in respect the Company’s obligations under the indemnity, contribution and expense provisions of acts or omissions prior to such termination under paragraphs 12, 14 and 15this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Rubicon Minerals Corp)

Exercise of Termination Rights. The rights of termination contained in subparagraphs 11(aSections 13(a), (b), (c), (d) and (ed) may be exercised by the Underwriter Underwriters and are in addition to any other rights or remedies the Underwriter Underwriters may have in respect of any default, act or failure to act or non-compliance by the Company in respect of any of the matters contemplated by this Agreement or otherwise. In the event of any such terminationtermination by the Underwriters, there shall be no further liability on the part of the Underwriter Underwriters to the Company or on the part of the Company to the Underwriter Underwriters except in respect of any liability which may have arisen or may arise after such termination in respect of acts or omissions of the Company prior to such termination under paragraphs 12and in respect of Sections 15, 14 16 and 1528.

Appears in 1 contract

Samples: Underwriting Agreement

Exercise of Termination Rights. The rights of termination contained in subparagraphs Sections 11(a), (b), (c), (d) and (ed) may be exercised by the Underwriter and are in addition to any other rights or remedies the Underwriter may have in respect of any default, act or failure to act or non-compliance by the Company in respect of any of the matters contemplated by this Agreement or otherwise. In the event of any such terminationtermination by the Underwriter, there shall be no further liability on the part of the Underwriter to the Company or on the part of the Company to the Underwriter except in respect of any liability which may have arisen or may arise after such termination in respect of acts or omissions of the Company prior to such termination under paragraphs and in respect of Sections 12, 14 14, 23, 25 and 1526.

Appears in 1 contract

Samples: Underwriting Agreement (Vizsla Silver Corp.)

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Exercise of Termination Rights. The rights of termination contained in subparagraphs Sections 11(a), (b), and (c), (d) and (e) may be exercised by the Underwriter Underwriters and are in addition to any other rights or remedies the Underwriter Underwriters may have in respect of any default, act or failure to act or non-non- compliance by the Company in respect of any of the matters contemplated by this Agreement or otherwise. In the event of any such terminationtermination by the Underwriters, there shall be no further liability on the part of the Underwriter Underwriters to the Company or on the part of the Company to the Underwriter Underwriters except in respect of any liability which may have arisen or may arise after such termination in respect of acts or omissions of the Company prior to such termination under paragraphs and in respect of Sections 12, 14 14, 22, 24 and 1525. A notice of termination given by one Underwriter under this Section 12 shall not be binding upon the other Underwriters.

Appears in 1 contract

Samples: Underwriting Agreement (Vizsla Silver Corp.)

Exercise of Termination Rights. The rights of termination contained in subparagraphs Sections 11(a), (b), and (c), (d) and (e) may be exercised by the any relevant Underwriter and are in addition to any other rights or remedies any of the Underwriter Underwriters may have in respect of any default, act or failure to act or non-compliance noncompliance by the Company Corporation in respect of any of the matters contemplated by this Agreement or otherwise. In the event of any such termination, there shall be no further liability on the part of the Underwriter relevant Underwriter(s) to the Company Corporation or on the part of the Company Corporation to the Underwriter relevant Underwriter(s) except in respect of any liability which may have arisen or may arise after such termination in respect under the indemnity, contribution and expense provisions of acts or omissions prior to such termination under paragraphs Sections 12, 14 13 and 1514. A notice of termination given by an Underwriter under Sections 11(a), (b), or (c) shall not be binding upon any other Underwriter. A copy of any notice of termination shall be provided to the other Underwriter.

Appears in 1 contract

Samples: Underwriting Agreement (Silver Elephant Mining Corp.)

Exercise of Termination Rights. The rights of termination contained in subparagraphs 11(aSections 16(a), (b), (c), (d) and (ed) may be exercised by any of the Underwriter Underwriters and are in addition to any other rights or remedies any of the Underwriter Underwriters may have in respect of any default, act or failure to act or non-compliance by the Company Corporation in respect of any of the matters contemplated by this Agreement or otherwise. In the event of any such termination, there shall be no further liability on the part of the Underwriter Underwriters to the Company Corporation or on the part of the Company Corporation to the Underwriter Underwriters except in respect of any liability which may have arisen prior to or may arise after such termination in respect under Sections 13, 17 and 18. A notice of acts or omissions prior to termination given by an Underwriter under Sections 16(a), (b), (c) and (d) shall not be binding upon any other Underwriter who has not also executed such termination under paragraphs 12, 14 and 15notice.

Appears in 1 contract

Samples: Underwriting Agreement (Klondex Mines LTD)

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