Common use of Exercise of Termination Rights Clause in Contracts

Exercise of Termination Rights. The rights of termination contained in paragraph 10(a) may be exercised by any or all of the Underwriters; and such rights of termination are in addition to any other rights or remedies of the Underwriters may have in respect of any default, act or failure to act or non-compliance by the 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 Underwriters to the Corporation or on the part of the Corporation to the Underwriters except in respect of any liability which may have arisen or may arise after such termination under Sections 11, 12, 14 or 15. A notice of termination given by an Underwriter under paragraph 10(a) shall not be binding upon the other Underwriters.

Appears in 1 contract

Samples: Underwriting Agreement

AutoNDA by SimpleDocs

Exercise of Termination Rights. The rights of termination contained in paragraph Section 10(a) may be exercised by any or all of the Underwriters; Underwriters and such rights of termination are in addition to any other rights or remedies any of the Underwriters may have in respect of any default, act or failure to act or non-compliance by the Corporation 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 Underwriters to the Corporation Company or on the part of the Corporation Company to the Underwriters except in respect of any liability which may have arisen prior to or may arise after such termination under Sections 11, 12, 14 or 158 and 14. A notice of termination given by an Underwriter under paragraph Section 10(a) shall not be binding upon the any other UnderwritersUnderwriter who has not also executed such notice.

Appears in 1 contract

Samples: Underwriting Agreement (U S Gold Corp)

Exercise of Termination Rights. The rights of termination contained in paragraph Section 10(a) may be exercised by any or all either of the Underwriters; Underwriters and such rights of termination are in addition to any other rights or remedies any of the Underwriters may have in respect of any default, act or failure to act or non-compliance by the Corporation 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 Underwriters to the Corporation Company or on the part of the Corporation Company to the Underwriters except in respect of any liability which may have arisen prior to or may arise after such termination under Sections 11, 12, 14 or 158 and 14. A notice of termination given by an Underwriter under paragraph Section 10(a) shall not be binding upon the any other UnderwritersUnderwriter who has not also executed such notice.

Appears in 1 contract

Samples: U S Gold Corp

Exercise of Termination Rights. The rights of termination contained in paragraph 10(a) Section 6 may be exercised by the Underwriters (or any or all one of the Underwriters; them) and such rights of termination are in addition to any other rights or remedies of the Underwriters may have in respect of any default, act or failure to act or non-compliance by the Corporation 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 Underwriters to the Corporation or on the part of the Corporation to the Underwriters 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 Sections 11, 12, 14 or 15. A notice Section 10 of termination given by an Underwriter under paragraph 10(a) shall not be binding upon the other Underwritersthis Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Amaya Inc.)

AutoNDA by SimpleDocs

Exercise of Termination Rights. The rights of termination contained in paragraph 10(aSection 10(1), (2), (3), (4) and (5) may be exercised by any or all of the Underwriters; Underwriters and such rights of termination are in addition to any other rights or remedies any of the Underwriters may have in respect of any default, act or failure to act or non-non- compliance by the 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 Underwriters to the Corporation or on the part of the Corporation to the Underwriters except in respect of any liability which may have arisen prior to or may arise after such termination under Sections Section 11, 12, 14 or 15Section 12 and Section 14. A notice of termination given by an Underwriter under paragraph 10(aSection 10(1), (2), (3), (4) and (5) shall not be binding upon the any other UnderwritersUnderwriter.

Appears in 1 contract

Samples: Underwriting Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.