Common use of Liability on Default Clause in Contracts

Liability on Default. No Underwriter shall be liable to the Corporation under this Section 9 with respect to a breach or default contained in this Agreement by any other Underwriter, such other Underwriter’s U.S. Affiliates or any Selling Firm engaged by such other Underwriter, as the case may be.

Liability on Default. No Underwriter shall be liable to the Corporation Company under this Section 9 11 with respect to a breach or default contained in this Agreement by any of the other Underwriter, such other Underwriters or another Underwriter’s U.S. Affiliates or any Selling Firm engaged by such other UnderwriterAffiliate, as the case may be, or for any default resulting from the Company’s failure to comply with Applicable Securities Laws.

Liability on Default. No Underwriter shall be liable to the Corporation Company under this Section 9 10 with respect to a breach or default contained in this Agreement by any of the other Underwriter, such other UnderwriterUnderwriters or for any default resulting from the Company’s U.S. Affiliates or any Selling Firm engaged by such other Underwriter, as the case may befailure to comply with Applicable Securities Laws.

Liability on Default. No Underwriter shall be liable to the Corporation Company under this Section 9 with respect to a breach or default contained in this Agreement by any of the other Underwriter, such other Underwriter’s U.S. Affiliates or any Selling Firm engaged by such other Underwriter, as the case may beUnderwriters.

Liability on Default. No Underwriter shall will be liable to the Corporation Company under this Section 9 with respect to a breach or default contained in this Agreement by any the other Underwriter, such other Underwriter’s U.S. Affiliates or any Selling Firm engaged by such other Underwriter, as the case may be.