Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters on a quarterly basis for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 22 contracts
Samples: Underwriting Agreement (Camtek LTD), Underwriting Agreement (Ceragon Networks LTD), Underwriting Agreement (Vitesse Semiconductor Corp)
Reimbursement of Certain Expenses. In addition to its their other obligations under Section 7(a7 of this Agreement (and subject, in the case of a Selling Securityholder, to the provisions of paragraph (f) of this AgreementSection 7), the Company and the Selling Securityholders hereby agrees jointly and severally agree to reimburse the Underwriters on a quarterly basis the Underwriters for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, upon any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein alleged statement or failure of the Company to perform its or their respective obligations hereunder or under lawomission, all as described in paragraph (a) of Section 7(a)7 of this Agreement, notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 11 and the possibility that such payment payments might later be held to be improper; provided, however, that, that (i) to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund themthem and (ii) such persons shall provide to the Company, upon request, reasonable assurances of their ability to effect any refund, when and if due.
Appears in 19 contracts
Samples: Underwriting Agreement (Globalcenter Inc), Underwriting Agreement (Sunrise Telecom Inc), Underwriting Agreement (Immersion Corp)
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a6(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters on a quarterly basis the Underwriters for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a6(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 7 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 14 contracts
Samples: Underwriting Agreement (Sypris Solutions Inc), Underwriting Agreement (Sypris Solutions Inc), Underwriting Agreement (American Superconductor Corp /De/)
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters on a quarterly basis for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 10 contracts
Samples: Underwriting Agreement (Ultra Clean Holdings, Inc.), Underwriting Agreement (ADESTO TECHNOLOGIES Corp), Underwriting Agreement (Resonant Inc)
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters Underwriter on a quarterly basis for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 6 contracts
Samples: Underwriting Agreement (Sequans Communications), Underwriting Agreement (Overland Storage Inc), Underwriting Agreement (Ikanos Communications)
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters on a quarterly basis for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 9 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 5 contracts
Samples: Underwriting Agreement (Sequans Communications), Underwriting Agreement (Sequans Communications), Underwriting Agreement (Sequans Communications)
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters on a quarterly basis for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, omission or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 3 contracts
Samples: Underwriting Agreement (Vicor Corp), Underwriting Agreement (Upland Software, Inc.), Underwriting Agreement (Neophotonics Corp)
Reimbursement of Certain Expenses. In addition to its their other obligations under Section 7(a) of this AgreementAgreement but subject to the limitations otherwise set forth in Section 7, the Company Company, the Selling Stockholder and, if applicable, the Additional Selling Stockholders, jointly and severally, hereby agrees agree to reimburse the Underwriters on a quarterly basis the Underwriters for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in against the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as Underwriters described in Section 7(a) or 7(b), as applicable, notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 2 contracts
Samples: Underwriting Agreement (Tut Systems Inc), Underwriting Agreement (Tut Systems Inc)
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a9(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters Sales Agent on a quarterly basis for all reasonable legal and other documented expenses incurred and in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, omission or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a9(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 10 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 2 contracts
Samples: Sales Agreement (LiveOne, Inc.), Sales Agreement (LiveXLive Media, Inc.)
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a6(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters on a quarterly basis for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a6(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 7 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 2 contracts
Samples: Underwriting Agreement (KVH Industries Inc \De\), Underwriting Agreement (Quinton Cardiology Systems Inc)
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a6(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters on a quarterly basis the Underwriters for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a6(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 7 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 2 contracts
Samples: Underwriting Agreement (Costar Group Inc), Underwriting Agreement (Quantum Epitaxial Designs Inc)
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters any Underwriter on a quarterly basis for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as including the indemnity obligations described in Section 7(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 1 contract
Samples: Underwriting Agreement (PMFG, Inc.)
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a6(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters Underwriter on a quarterly basis for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a6(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 6(g) and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 1 contract
Samples: Underwriting Agreement (Harris & Harris Group Inc /Ny/)
Reimbursement of Certain Expenses. In addition to its other obligations under Section Sections 7(a) of this AgreementAgreement and subject to Section 7(e), the Company hereby agrees to reimburse the Underwriters on a quarterly basis for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 10 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 1 contract
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a8(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters on a quarterly basis the Underwriters for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a8(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 9 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 1 contract
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a6(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters on a quarterly basis the Underwriters for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their his respective obligations hereunder or under law, all as described in Section 7(a6(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 7 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 1 contract
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a9(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters Sales Agent on a quarterly basis for all reasonable reasonable, documented legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, omission or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a9(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 10 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 1 contract
Samples: Sales Agreement (Gsi Technology Inc)
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a8(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters Underwriter on a quarterly basis for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a8(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 9 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 1 contract
Reimbursement of Certain Expenses. In addition to its their other obligations under Section 7(a7 of this Agreement (and subject, in the case of a Selling Securityholder, to the provisions of paragraph (f) of this AgreementSection 7), the Company and the Selling Securityholders jointly and severally hereby agrees agree to reimburse the Underwriters on a quarterly basis the Underwriters for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, upon any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein alleged statement or failure of the Company to perform its or their respective obligations hereunder or under lawomission, all as described in paragraph (a) of Section 7(a)7 of this Agreement, notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 11 and the possibility that such payment payments might later be held to be improper; provided, however, that, that (i) to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund themthem and (ii) such persons shall provide to the Company, upon request, reasonable assurances of their ability to effect any refund, when and if due.
Appears in 1 contract
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a6(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters on a quarterly basis for all reasonable legal and other expenses incurred under Section 6 in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a6(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 7 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 1 contract
Samples: Underwriting Agreement (California Micro Devices Corp)
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a) 7 of this Agreement, the Company hereby agrees to reimburse the Underwriters Placement Agents on a quarterly basis for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a)7, notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 1 contract
Samples: Placement Agency Agreement (Sonus Pharmaceuticals Inc)
Reimbursement of Certain Expenses. In addition to its their other obligations under Section 7(a7 of this Agreement (and subject, in the case of a Selling Security holder, to the provisions of paragraph (f) of this AgreementSection 7), the Company and the Selling Security holders hereby agrees jointly and severally agree to reimburse the Underwriters on a quarterly basis the Underwriters for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, upon any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein alleged statement or failure of the Company to perform its or their respective obligations hereunder or under lawomission, all as described in paragraph (a) of Section 7(a)7 of this Agreement, notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 11 and the possibility that such payment payments might later be held to be improper; provided, however, that, that (i) to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund themthem and (ii) such persons shall provide to the Company, upon request, reasonable assurances of their ability to effect any refund, when and if due.
Appears in 1 contract
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a6(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters on a quarterly basis for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a6(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 7 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 1 contract
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(aSECTION 6(A) of this Agreement, the Company hereby agrees to reimburse the Underwriters on a quarterly basis for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(aSECTION 6(A), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 SECTION 7 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 1 contract
Samples: Underwriting Agreement (Hologic Inc)
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a) 6 of this Agreement, the Company hereby agrees to reimburse the Underwriters Placement Agent on a quarterly basis for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a)6, notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 7 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 1 contract
Samples: Placement Agency Agreement (Superconductor Technologies Inc)
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a9(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters Sales Agent on a quarterly basis for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, omission or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a9(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 10 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 1 contract
Samples: Sales Agreement (Oncocyte Corp)
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a6(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters on a quarterly basis for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a6(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 7 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 1 contract
Reimbursement of Certain Expenses. In addition to its other obligations under Section 7(a6(a) of this Agreement, the Company hereby agrees to reimburse the Underwriters on a quarterly basis the Underwriters for all reasonable legal and other expenses incurred in connection with investigating or defending any claim, action, investigation, inquiry or other proceeding arising out of or based upon, in whole or in part, any statement or omission or alleged statement or omission, or any inaccuracy in the representations and warranties of the Company contained herein or failure of the Company to perform its or their respective obligations hereunder or under law, all as described in Section 7(a6(a), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligations under this Section 8 7 and the possibility that such payment might later be held to be improper; provided, however, that, to the extent any such payment is ultimately held to be improper, the persons receiving such payments shall promptly refund them.
Appears in 1 contract
Samples: Underwriting Agreement (Superconductor Technologies Inc)