Common use of Limitation on Underwriters’ Contributions Clause in Contracts

Limitation on Underwriters’ Contributions. Notwithstanding the provisions of this Section 5.3, no Underwriter shall be required to contribute any amount in excess of the amount of underwriting discounts and commissions applicable to the Shares purchased by such Underwriter by reason of any such untrue or alleged untrue statement or omission or alleged omission. The Underwriters’ respective obligations to contribute pursuant to this Section 5.3 are several in proportion to the number of Firm Units set forth opposite their respective names in Schedule A hereto and not joint.

Appears in 3 contracts

Samples: Underwriting Agreement (United Refining Energy Corp), Underwriting Agreement (United Refining Energy Corp), Underwriting Agreement (United Refining Energy Corp)

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Limitation on Underwriters’ Contributions. Notwithstanding the provisions of this Section 5.3, no Underwriter shall be required to contribute any amount in excess of the amount of underwriting discounts by which the total price at which the Units underwritten by it and commissions applicable distributed to the Shares purchased by public were offered to the public exceeds the amount of any damages which such Underwriter has otherwise been required to pay by reason of any such untrue or alleged untrue statement or omission or alleged omission. The Underwriters’ respective obligations to contribute pursuant to this Section 5.3 are several in proportion to the number of Firm Units set forth opposite their respective names in Schedule A hereto and not joint.

Appears in 3 contracts

Samples: Underwriting Agreement (Alpha Security Group CORP), Underwriting Agreement (Alpha Security Group CORP), Underwriting Agreement (Alpha Security Group CORP)

Limitation on Underwriters’ Contributions. Notwithstanding the provisions of this Section 5.35.2, no Underwriter shall be required to contribute any amount in excess of the amount of underwriting discounts by which the total price at which the Units underwritten by it and commissions applicable distributed to the Shares purchased by public were offered to the public exceeds the amount of any damages which such Underwriter has otherwise been required to pay by reason of any such untrue or alleged untrue statement or omission or alleged omission. The Underwriters’ respective obligations to contribute pursuant to this Section 5.3 are several in proportion to the number of Firm Units set forth opposite their respective names in Schedule A hereto and not joint.

Appears in 2 contracts

Samples: Underwriting Agreement (Dekania Corp.), Underwriting Agreement (Alpha Security Group CORP)

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Limitation on Underwriters’ Contributions. Notwithstanding the provisions of this Section 5.35.2, no Underwriter shall be required to contribute any amount in excess of the amount of underwriting discounts by which the total price at which the Units underwritten by it and commissions applicable , 2006 distributed to the Shares purchased by public were offered to the public exceeds the amount of any damages which such Underwriter has otherwise been required to pay by reason of any such untrue or alleged untrue statement or omission or alleged omission. The Underwriters’ respective obligations to contribute pursuant to this Section 5.3 are several in proportion to the number of Firm Units set forth opposite their respective names in Schedule A hereto and not joint.

Appears in 1 contract

Samples: Underwriting Agreement (Dekania Corp.)

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