Common use of REIMBURSEMENT OF REMARKETING AGENT’S EXPENSES Clause in Contracts

REIMBURSEMENT OF REMARKETING AGENT’S EXPENSES. If this Agreement shall be terminated pursuant to Section 12 or if the settlement of the Remarketed Notes does not occur in connection with a Successful Remarketing because of any of the events referred to in Section 6(h), then the Company shall not then be under any liability to the Remarketing Agent except as provided in Section 5(b), 7 and 8; but, if for any other reason the settlement of the Remarketed Notes does not occur in connection with a Successful Remarketing, the Company will reimburse the Remarketing Agent for all out-of-pocket expenses, including fees and disbursements of counsel, reasonably incurred by the Remarketing Agent in making preparations for the settlement of the Remarketed Notes, but the Company shall then be under no further liability to the Remarketing Agent with respect to such failed settlement of the Remarketed Notes except as provided in Sections 5(b), 7 and 8.

Appears in 9 contracts

Samples: Purchase Contract and Pledge Agreement (Spire Inc), Purchase Contract and Pledge Agreement (Dte Energy Co), Purchase Contract and Pledge Agreement (Dte Energy Co)

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REIMBURSEMENT OF REMARKETING AGENT’S EXPENSES. If this Agreement shall be terminated pursuant to Section 12 or if the settlement of the Remarketed Notes Debentures does not occur in connection with a Successful Remarketing because of any of the events referred to in Section 6(h), then the Company shall not then be under any liability to the Remarketing Agent except as provided in Section 5(b), 7 and 8; but, if for any other reason the settlement of the Remarketed Notes Debentures does not occur in connection with a Successful Remarketing, the Company will reimburse the Remarketing Agent for all out-of-pocket expenses, including fees and disbursements of counsel, reasonably incurred by the Remarketing Agent in making preparations for the settlement of the Remarketed NotesDebentures, but the Company shall then be under no further liability to the Remarketing Agent with respect to such failed settlement of the Remarketed Notes Debentures except as provided in Sections 5(b), 7 and 8.

Appears in 3 contracts

Samples: Purchase Contract and Pledge Agreement (American Electric Power Co Inc), Purchase Contract and Pledge Agreement (American Electric Power Co Inc), Purchase Contract and Pledge Agreement

REIMBURSEMENT OF REMARKETING AGENT’S EXPENSES. If this Agreement shall be terminated pursuant to Section 12 11 hereof or if the settlement of the Remarketed Notes does not occur in connection with a Successful Remarketing because of any of the events referred to in clause (iii), (iv), (vi), (vii) or (viii) of Section 6(h)6(b) hereof, then the Company shall not then be under any liability to the Remarketing Agent except as provided in Section 5(b), Sections 5(g) and 7 and 8hereof; but, if for any other reason the settlement of the Remarketed Notes does not occur in connection with a Successful Remarketing, the Company will reimburse the Remarketing Agent for all out-of-pocket expenses, including fees and disbursements of counsel, reasonably incurred by the Remarketing Agent in making preparations for the settlement of the Remarketed Notes, but the Company shall then be under no further liability to the Remarketing Agent with respect to such failed settlement of the Remarketed Notes except as provided in Sections 5(b), 5(g) and 7 and 8hereof.

Appears in 1 contract

Samples: Purchase Contract and Pledge Agreement (Black Hills Corp /Sd/)

REIMBURSEMENT OF REMARKETING AGENT’S EXPENSES. If this Agreement shall be terminated pursuant to Section 12 or if the settlement of the Remarketed Notes does not occur in connection with a Successful Remarketing because of any of the events referred to in Section 6(h)) hereof, then the Company shall not then be under any liability to the Remarketing Agent except as provided in Section Sections 5(b), ) and 7 and 8hereof; but, if for any other reason the settlement of the Remarketed Notes does not occur in connection with a Successful Remarketing, the Company will reimburse the Remarketing Agent for all out-of-pocket expenses, including fees and disbursements of counselHunton Xxxxxxx Xxxxx LLP, counsel for the Remarketing Agent, reasonably incurred by the Remarketing Agent in making preparations for the settlement of the Remarketed Notes, but the Company shall then be under no further liability to the Remarketing Agent with respect to such failed settlement of the Remarketed Notes except as provided in Sections 5(b), ) and 7 and 8hereof.

Appears in 1 contract

Samples: Purchase Contract and Pledge Agreement (Southern Co)

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REIMBURSEMENT OF REMARKETING AGENT’S EXPENSES. If this Agreement shall be terminated pursuant to Section 12 or if the settlement of the Remarketed Notes does not occur in connection with a Successful Remarketing because of any of the events referred to in Section 6(h), then the Company shall not then be under any liability to the Remarketing Agent except as provided in Section Sections 5(b), 7 and 8; but, if for any other reason the settlement of the Remarketed Notes does not occur in connection with a Successful Remarketing, the Company will reimburse the Remarketing Agent for all out-of-pocket expenses, including fees and disbursements of counsel, reasonably incurred by the Remarketing Agent in making preparations for the settlement of the Remarketed Notes, but the Company shall then be under no further liability to the Remarketing Agent with respect to such failed settlement of the Remarketed Notes except as provided in Sections 5(b), 7 and 8.

Appears in 1 contract

Samples: Purchase Contract and Pledge Agreement (United Technologies Corp /De/)

REIMBURSEMENT OF REMARKETING AGENT’S EXPENSES. If this Agreement shall be terminated pursuant to Section 12 11(a) or if the settlement of the Remarketed Notes does not occur in connection with a Successful Remarketing because of any of the events referred to in Section 6(h)11(b)(i) hereof, then the Company Corporation shall not then be under any liability to the any Remarketing Agent except as provided in Section 5(b), Sections 5(g) and 7 and 8hereof; but, if (x) this Agreement shall be terminated pursuant to Section 11(b)(ii) hereof or (y) for any other reason the settlement of the Remarketed Notes does not occur in connection with a Successful Remarketing, the Company Corporation will reimburse the Remarketing Agent Agents for all out-of-pocket expenses, including fees and disbursements of counsel, reasonably incurred by the Remarketing Agent Agents in making preparations for the settlement of the Remarketed Notes, but the Company Corporation shall then be under no further liability to the Remarketing Agent Agents with respect to such failed settlement of the Remarketed Notes except as provided in Sections 5(b), 5(g) and 7 and 8hereof.

Appears in 1 contract

Samples: Remarketing Agreement (Algonquin Power & Utilities Corp.)

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