TERM OF ACCOUNT. Upon termination of the Account, at our request, you will be required to take up and pay for your Pro Rata Proportion of any unsold Securities. Each Account will terminate 30 days after the later of the Closing Date or the end of the underwriting period (as defined in MSRB Rule G-11(a)), unless we otherwise specify in connection with formation of the Account or unless we extend the Account for a period not to exceed an additional 30 days. We also may extend or terminate the Account with the consent of a majority interest of Underwriters participating in the Account. Notwithstanding any termination or settlement of the Account, you will remain liable, in Pro Rata Proportion to your Participation amount, for any further liabilities and expenses of any kind whatsoever which may from time to time be incurred by the Account. Any obligation or liability that you may have under this Master Agreement with respect to an Account will survive the termination of the Account.
TERM OF ACCOUNT. Upon termination of the Account, at our request, you will be required to take up and pay for your Pro Rata Proportion of any unsold Securities. Each Account will terminate 30 days after the Settlement Date, unless otherwise specified in the Acceptance or unless we extend the Account for a period not to exceed an additional 30 days. We also may extend or terminate the Account with the consent of a majority interest of Members participating in the Account. Notwithstanding any termination or settlement of the Account, you will remain liable, in Pro Rata Proportion to your Participation amount, for any further liabilities and expenses of any kind whatsoever which may from time to time be incurred by the Account. Any obligation or liability that you may have under this Agreement with respect to the Account will survive the termination of the Account.
TERM OF ACCOUNT. Upon termination of the Account, at our request, you will be required to take up and pay for your proportionate share of any unsold Securities. Each Account will terminate 30 days after the date of the award of the Securities unless we otherwise specify in connection with formation of the Account. We also may extend or terminate the Account with the consent of Participants having a majority interest in the Account. Notwithstanding any termination or settlement of the Account, Participants will remain liable, in proportion to their respective participation amounts, for any further liabilities and expenses of any kind whatsoever which may from time to time be incurred by the Account.
TERM OF ACCOUNT. Upon termination of the Account, at our request, you will be required to take up and pay for your Pro Rata Proportion of any unsold Securities. Each Account will terminate 30 days after the Closing Date. We also may terminate the Account prior to such 30th day with the consent of a majority interest of Underwriters participating in the Account. Notwithstanding any termination or settlement of the Account, you will remain liable, in Pro Rata Proportion to your Participation amount, for any further liabilities and expenses of any kind whatsoever which may from time to time be incurred by the Account. Any obligation or liability that you may have under this Master Agreement with respect to an Account will survive the termination of the Account.
