Reimbursement on Termination or Default Sample Clauses

Reimbursement on Termination or Default. If for any reason (other than the default of a U.S. Underwriter in respect of its obligation to purchase any Offered Shares, in which case the Company shall be under no further liability to such U.S. Underwriter) any Offered Shares are not delivered by or on behalf of the Company when and as required herein, the Company will reimburse the U.S. Underwriters and Vontobel Securities Ltd. through the Global Coordinators for all out-of- pocket expenses approved by the Global Coordinators, including fees and disbursements of counsel, reasonably incurred by the U.S. Underwriters and Vontobel Securities Ltd. in making preparations for the purchase, sale and delivery of the Offered Shares not so delivered by the Company, as the case may be, but the Company shall then be under no further liability to any U.S. Underwriter and Vontobel Securities Ltd. in respect of such Offered Shares, except as provided in Sections 6 and 10 hereof.
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Reimbursement on Termination or Default. If for any reason any International Offered Shares are not delivered by or on behalf of the Company when and as required herein, and such non-delivery shall be a result of a breach by the Company of its obligations hereunder, the Company will reimburse the Managers through the Global Coordinator for all out-of-pocket expenses approved in writing by the Global Coordinator, including fees and disbursements of counsel, reasonably incurred by the Managers in making preparations for the purchase, sale and delivery of the International Offered Shares not so delivered by the Company, but the Company shall then be under no further liability to any Manager in respect of such International Offered Shares, except as provided in Sections 9 hereof. Notwithstanding the foregoing, in the event of a default of a Manager in respect of its obligation to purchase any International Offered Shares, the Company shall be under no further liability to such Manager. In any other event, any costs, charges and expenses shall be paid as provided for in Section 6.
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Reimbursement on Termination or Default. If for any reason any Offered Shares are not delivered by or on behalf of the Company as provided herein, the Company will reimburse the Managers through the Lead Manager for all out-of-pocket expenses approved in writing by the Lead Manager, including fees and disbursements of counsel, reasonably incurred by the Managers in making preparations for the purchase, sale and delivery of the Offered Shares not so delivered by the Company, but the Company shall then be under no further liability to any Manager in respect of such Offered Shares, except as provided in Sections 6 and 9 hereof.
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Reimbursement on Termination or Default. If for any reason any U.S. Offered Shares are not delivered by or on behalf of the Company when and as required herein, and such non-delivery shall be a result of a breach by the Company of its obligations hereunder, the Company will reimburse the U.S. Managers through the Global Coordinator for all out-of-pocket expenses approved in writing by the Global Coordinator, including fees and disbursements of counsel, reasonably incurred by the U.S. Managers in making preparations for the purchase, sale and delivery of the U.S. Offered Shares not so delivered by the Company, but the Company shall then be under no further liability to any U.S. Manager in respect of such U.S. Offered Shares, except as provided in Sections 6 and 9 hereof. Nothwithstanding the foregoing, in the event of a default of a U.S. Manager in respect of its obligation to purchase any U.S. Offered Shares, the Company shall be under no further liability to such U.S. Manager. In any other event, any costs charges and expenses shall be paid as provided for in Section 6.
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Related to Reimbursement on Termination or Default

  • Payment on Termination If Employee's employment is terminated by Employee with or without cause, or by Bank with or without cause, Employee shall be paid all base salary and benefits accrued under the Agreement as of the termination date.

  • Repayment on Termination Date The Borrower hereby agrees to repay the outstanding principal amount of (i) all Revolving Credit Loans in full on the Revolving Credit Maturity Date, and (ii) all Swingline Loans in accordance with Section 2.2(b) (but, in any event, no later than the Revolving Credit Maturity Date), together, in each case, with all accrued but unpaid interest thereon.

  • Default Termination (a) Any material failure by Manager or Owner (a "Defaulting Party") to perform its respective duties or obligations hereunder (other than a default by Owner under Section 4 of this Agreement), which material failure is not cured within thirty (30) calendar days after receipt of written notice of such failure from the non-defaulting party, shall constitute an event of default hereunder; provided, however, the foregoing shall not constitute an event of default hereunder in the event the Defaulting Party commences cure of such material failure within such thirty (30) day period and diligently prosecutes the cure of such material failure thereafter but in no event shall such extended cure period exceed ninety (90) days from the date of receipt by the non-defaulting party of written notice of such material default; provided further, however, that in the event such material failure constitutes a default under the terms of the Loan Documents and the cure period for such matter under the Loan Documents is shorter than the cure period specified herein, the cure period specified herein shall automatically shorten such that it shall match the cure period for such matter as specified under the Loan Documents. In addition, following notice to Manager of the existence of any such material failure by Manager, Owner shall have the right to cure any such material failure by Manager, and any sums so expended in curing shall be owed by Manager to such curing party and may be offset against any sums owed to Manager under this Agreement.

  • Termination for Default 6.2.2.1. In the event that either party commits a material breach of its obligations under this Agreement and fails to cure that breach within ninety (90) days after receiving written notice thereof, the other party may terminate this Agreement immediately upon written notice to the party in breach.

  • DEFAULT; TERMINATION OF SERVICER 95 SECTION 7.01. Events of Default...........................................................95 SECTION 7.02. Trustee to Act; Appointment of Successor....................................97 SECTION 7.03. Notification to Certificateholders..........................................98

  • PAYMENTS TO EXECUTIVE UPON AN EVENT OF TERMINATION (a) Upon the occurrence of an Event of Termination (as herein defined) during the Executive's term of employment under this Agreement, the provisions of this Section shall apply. As used in this Agreement, an "

  • Duration Termination and Default Section VIII. Duration, Termination, and Default subsection A. Duration 1. is hereby deleted in its entirety and replaced with the paragraph below “This Agreement begins on the Effective Date and continues until February 23, 2021, unless sooner terminated or extended in accordance with the terms of this Agreement. This Agreement will automatically renew for an additional three (3) year term unless, no later than July 23, 2020, one Party gives the other Party written notice of non-renewal. The initial term and any renewal term of this Agreement are referred collectively as the “Term”.”

  • DEFAULT; TERMINATION OF MASTER SERVICER Section 7.01 Events of Default..........................................101 Section 7.02 Trustee to Act; Appointment of Successor...................102 Section 7.03 Notification to Certificateholders.........................104

  • Payments on Termination Payments to the Advisor pursuant to this Section 13.03 shall be subject to the 2%/25% Guidelines to the extent applicable. After the Termination Date, the Advisor shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Company within 30 days after the effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Advisor prior to termination of this Agreement.

  • Final Termination Unless terminated at an earlier date by mutual agreement of the parties hereto, this Agreement shall terminate upon the first to occur of the following: (a) the last Serviced Appointment is terminated, matured or expired under the terms of the applicable Serviced Corporate Trust Contract and all Trust Assets in respect thereof have been fully distributed, (b) the last Serviced Appointment is Transferred to the applicable Purchaser, (c) the applicable Seller has resigned from the last Serviced Appointment if permitted under Section 7.2 below or (d) the applicable Seller is removed from appointment or the applicable Seller’s appointment is terminated with respect to the last Serviced Appointment in accordance with this Agreement, the applicable Serviced Corporate Trust Contract or any other agreement between the parties hereto entered into on or prior to the date hereof. Upon termination of this Agreement in accordance with this Section 7.1, each party’s further rights and obligations hereunder, other than the provisions of Section 8 and Section 9, shall terminate and be of no further force and effect and no party shall have any liability hereunder, except that neither the Sellers nor the Purchasers shall be relieved or released from any liabilities or damages arising out of its breach of any provision of this Agreement prior to termination.

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