Common use of TERMINATION BY PURCHASERS Clause in Contracts

TERMINATION BY PURCHASERS. If this Agreement shall be terminated by the Purchasers because of any failure or refusal on the part of GTE to comply with the terms or to fulfill any of the conditions of this Agreement, or if for any reason (other than those set forth in Article V) GTE shall be unable to perform its obligations under this Agreement, GTE will reimburse the Purchasers for all out-of- pocket expenses (including the fees and disbursements of counsel) reasonably incurred by such Purchasers in connection with the New Securities. Except as provided herein, the Purchasers shall bear all of their expenses, including the fees and disbursements of counsel.

TERMINATION BY PURCHASERS. If this Agreement shall be terminated by the Purchasers because of any failure or refusal on the part of GTE to comply with the terms or to fulfill any of the conditions of this Agreement, or if for any reason (other than those set forth in Article V) GTE shall be unable to perform its obligations under this Agreement, GTE will reimburse the Purchasers for all out-of- of-pocket expenses (including the fees and disbursements of counsel) reasonably incurred by such Purchasers in connection with the New Securities. Except as provided herein, the Purchasers shall bear all of their expenses, including the fees and disbursements of counsel. -7- XII.