Common use of Expenses Upon Termination Clause in Contracts

Expenses Upon Termination. Notwithstanding anything to the contrary in this Agreement, except in the case of a default by the Underwriters, pursuant to Section 6.2 above, in the event that this Agreement shall not be carried out for any reason whatsoever, within the time specified herein or any extensions thereof pursuant to the terms herein, the Company shall be obligated to pay to the Representative its actual and accountable out-of-pocket expenses related to the transactions contemplated herein then due and payable (including the fees and disbursements of Representative Counsel) up to $25,000, and upon demand the Company shall pay the full amount thereof to the Representative; provided, however, that such expense cap in no way limits or impairs the indemnification and contribution provisions of this Agreement.

Appears in 5 contracts

Samples: Underwriting Agreement (Cel Sci Corp), Underwriting Agreement (Document Security Systems Inc), Underwriting Agreement (Cel Sci Corp)

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Expenses Upon Termination. Notwithstanding anything to the contrary in this Agreement, except in the case of a default by the Underwriters, pursuant to Section 6.2 above, in the event that this Agreement shall not be carried out for any reason whatsoever, within the time specified herein or any extensions thereof pursuant to the terms herein, the Company shall be obligated to pay to the Representative its actual and accountable out-of-of- pocket expenses related to the transactions contemplated herein then due and payable (including the fees and disbursements of Representative Counsel) up to $25,000, and upon demand the Company shall pay the full amount thereof to the Representative; provided, however, that such expense cap in no way limits or impairs the indemnification and contribution provisions of this Agreement.

Appears in 3 contracts

Samples: Underwriting Agreement (Avenue Therapeutics, Inc.), Underwriting Agreement (Avenue Therapeutics, Inc.), Underwriting Agreement (Document Security Systems Inc)

Expenses Upon Termination. Notwithstanding anything to the contrary in this Agreement, except in the case of a default by the UnderwritersUnderwriter, pursuant to Section 6.2 6.1 above, in the event that this Agreement shall not be carried out for any reason whatsoever, within the time specified herein or any extensions thereof pursuant to the terms herein, the Company shall be obligated to pay to the Representative Underwriter its actual and accountable out-of-pocket expenses related to the transactions contemplated herein then due and payable (including the fees and disbursements of Representative Underwriter’s Counsel) up to $25,00075,000, and upon demand the Company shall pay the full amount thereof to the RepresentativeUnderwriter; provided, however, that such expense cap in no way limits or impairs the indemnification and contribution provisions of this Agreement.

Appears in 2 contracts

Samples: Underwriting Agreement (GlucoTrack, Inc.), Underwriting Agreement (Verb Technology Company, Inc.)

Expenses Upon Termination. Notwithstanding anything to the contrary in this Agreement, except in the case of a default by the Underwriters, pursuant to Section 6.2 above, in the event that this Agreement shall not be carried out for any reason whatsoever, within the time specified herein or any extensions thereof pursuant to the terms herein, the Company shall be obligated to pay to the Representative its actual and reasonable accountable out-of-pocket expenses related to the transactions contemplated herein then due and payable (including the fees and disbursements of Representative Counsel) up pursuant to $25,000Section 3.7.1 hereof, and upon demand the Company shall pay the full amount thereof to the Representative; provided, however, that such the expense cap stated therein in no way limits or impairs the indemnification and contribution provisions of this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (ECMOHO LTD)

Expenses Upon Termination. Notwithstanding anything to the contrary in this Agreement, except in the case of a default by the Underwriters, pursuant to Section 6.2 above, in the event that this Agreement shall not be carried out for any reason whatsoever, within the time specified herein or any extensions thereof pursuant to the terms herein, the Company shall be obligated to pay to the Representative its actual and accountable out-of-pocket expenses related to the transactions contemplated herein then due and payable (including the fees and disbursements of Representative Counsel) up to $25,000, 50,000 and upon demand the Company shall pay the full amount thereof to the Representative; provided, however, that such expense cap in no way limits or impairs the indemnification and contribution provisions of this Agreement...

Appears in 1 contract

Samples: Underwriting Agreement (Nanoviricides, Inc.)

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Expenses Upon Termination. Notwithstanding anything to the contrary in this Agreement, except in the case of a default by the UnderwritersUnderwriter, pursuant to Section 6.2 6.1 above, in the event that this Agreement shall not be carried out for any reason whatsoever, within the time specified herein or any extensions thereof pursuant to the terms herein, the Company shall be obligated to pay to the Representative Underwriter its actual and accountable out-of-pocket expenses related to the transactions contemplated herein then due and payable (including the fees and disbursements of Representative Underwriter's Counsel) up to $25,000, and upon demand the Company shall pay the full amount thereof to the RepresentativeUnderwriter; provided, however, that such expense cap in no way limits or impairs the indemnification and contribution provisions of this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement

Expenses Upon Termination. Notwithstanding anything to the contrary in this Agreement, except in the case of a default by the UnderwritersUnderwriter, pursuant to Section 6.2 6.1 above, in the event that this Agreement shall not be carried out for any reason whatsoever, within the time specified herein or any extensions thereof pursuant to the terms herein, the Company shall be obligated to pay to the Representative Underwriter its actual and accountable out-of-pocket expenses related to the transactions contemplated herein then due and payable (including the fees and disbursements of Representative Underwriter’s Counsel) up to $25,00050,000, and upon demand the Company shall pay the full amount thereof to the RepresentativeUnderwriter; provided, however, that such expense cap in no way limits or impairs the indemnification and contribution provisions of this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Bynd Cannasoft Enterprises Inc.)

Expenses Upon Termination. Notwithstanding anything to the contrary in this Agreement, except in the case of a default by the UnderwritersUnderwriter, pursuant to Section 6.2 6.1 above, in the event that this Agreement shall not be carried out for any reason whatsoever, within the time specified herein or any extensions thereof pursuant to the terms herein, the Company shall be obligated to pay to the Representative Underwriter its actual and accountable out-of-pocket expenses related to the transactions contemplated herein then due and payable (including the fees and disbursements of Representative Underwriter’s Counsel) up to $25,00040,000, and upon demand the Company shall pay the full amount thereof to the RepresentativeUnderwriter; provided, however, that such expense cap in no way limits or impairs the indemnification and contribution provisions of this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Blue Star Foods Corp.)

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