Common use of Exercise of Termination Rights Clause in Contracts

Exercise of Termination Rights. The rights of termination contained in sections 9(a), (b), (c) or (d) of this Agreement may be exercised by the Underwriter; and 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 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 Corporation or on the part of the Corporation to the Underwriter except in respect of any liability which may have arisen or may arise after such termination under Sections 10 or 12 of this Agreement.

Appears in 2 contracts

Samples: Underwriting Agreement, Underwriting Agreement

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Exercise of Termination Rights. The rights of termination contained in sections 9(a), (b), (c) or (d) of this Agreement may be exercised by the Underwriter; and 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 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 Corporation or on the part of the Corporation to the Underwriter except in respect of any liability which may have arisen or may arise after such termination under Sections 10 10, 11 or 12 13 of this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement

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Exercise of Termination Rights. The rights of termination contained in sections 9(aSubsections 8(a), (b), (c) or ), (d), (e) of this Agreement and (f) above may be exercised by the Underwriter; Underwriter and 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-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 terminationtermination by the Underwriter, there shall be no further liability on the part of the Underwriter to the Corporation Company or on the part of the Corporation Company to the Underwriter except in respect of any liability which may have arisen or may arise after such termination under Sections 10 in respect of acts or 12 of this Agreementomissions prior to such termination.

Appears in 1 contract

Samples: Underwriting Agreement (Cream Minerals LTD)

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