Common use of Exercise of Termination Rights Clause in Contracts

Exercise of Termination Rights. The rights of termination contained in Sections 16.1, 16.2, 16.3 and 16.4 are in addition to any other rights or remedies that the Underwriter may have in respect of any default, act or failure to act or non-compliance by the Selling Shareholder or 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 Selling Shareholder or the Company or on the part of the Selling Shareholder or the Company to the Underwriter, except in respect of any liability which may have arisen prior to or arise after such termination under Sections 17, 18 and 20.

Appears in 2 contracts

Samples: Underwriting Agreement (BRP Inc.), Underwriting Agreement (BRP Inc.)

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Exercise of Termination Rights. The rights of termination contained in Sections 16.1sections 9(a), 16.2(b), 16.3 (c) or (d) of this Agreement may be exercised by the Underwriter; and 16.4 such rights of termination are in addition to any other rights or remedies that the Underwriter may have in respect of any default, act or failure to act or non-compliance by the Selling Shareholder or 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 to the Selling Shareholder or the Company Corporation or on the part of the Selling Shareholder or the Company Corporation to the Underwriter, Underwriter except in respect of any liability which may have arisen prior to or may arise after such termination under Sections 17, 18 and 2010 or 12 of this Agreement.

Appears in 2 contracts

Samples: Underwriting Agreement, Underwriting Agreement

Exercise of Termination Rights. The rights of termination contained in Sections 16.1subparagraphs 11(a), 16.2(b), 16.3 (c), (d) and 16.4 (e) may be exercised by the Underwriter and are in addition to any other rights or remedies that the Underwriter may have in respect of any default, act or failure to act or non-compliance by the Selling Shareholder or 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 Selling Shareholder or the Company or on the part of the Selling Shareholder or the Company to the Underwriter, Underwriter except in respect of any liability which may have arisen prior to or may arise after such termination in respect of acts or omissions prior to such termination under Sections 17paragraphs 12, 18 14 and 2015.

Appears in 2 contracts

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

Exercise of Termination Rights. The rights of termination contained in Sections 16.1Subsections 8(a), 16.2(b), 16.3 (c), (d), (e) and 16.4 (f) above may be exercised by the Underwriter and are in addition to any other rights or remedies that the Underwriter may have in respect of any default, act or failure to act or non-non- compliance by the Selling Shareholder or 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 Selling Shareholder or the Company or on the part of the Selling Shareholder or the Company to the Underwriter, Underwriter except in respect of any liability which may have arisen prior to or may arise after such termination under Sections 17, 18 and 20in respect of acts or omissions prior to such termination.

Appears in 1 contract

Samples: Underwriting Agreement (Cream Minerals LTD)

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Exercise of Termination Rights. The rights of termination contained in Sections 16.1sections 9(a), 16.2(b), 16.3 (c) or (d) of this Agreement may be exercised by the Underwriter; and 16.4 such rights of termination are in addition to any other rights or remedies that the Underwriter may have in respect of any default, act or failure to act or non-compliance by the Selling Shareholder or 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 to the Selling Shareholder or the Company Corporation or on the part of the Selling Shareholder or the Company Corporation to the Underwriter, Underwriter except in respect of any liability which may have arisen prior to or may arise after such termination under Sections 1710, 18 and 2011 or 13 of this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement

Exercise of Termination Rights. The rights of termination contained in Sections 16.1, 16.2, 16.3 and 16.4 are in addition to any other rights or remedies that the Underwriter may have in respect of any default, act or failure to act or non-compliance by the Selling Shareholder Shareholders or 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 Selling Shareholder Shareholders or the Company or on the part of the Selling Shareholder Shareholders or the Company to the Underwriter, except in respect of any liability which may have arisen prior to or arise after such termination under Sections 17, 18 and 20.

Appears in 1 contract

Samples: Underwriting Agreement (BRP Inc.)

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