Termination of Representations and Warranties. All representations, warranties and agreements contained in this Manager Side Letter shall terminate immediately after the Closing Time and be of no further force and effect; provided, however, that if the Underwriters exercise their option to purchase Option Securities pursuant to Section 2(b) of the Underwriting Agreement, then all representations, warranties and agreements contained in this Manager Side Letter shall be deemed not to have terminated at the Closing Time and shall survive until such Date of Delivery referred to in Section 2(b) of the Underwriting Agreement and thereupon shall terminate and be of no further force and effect.
Appears in 3 contracts
Samples: Underwriting Agreement (Safe Bulkers, Inc.), Underwriting Agreement (Safe Bulkers, Inc.), Underwriting Agreement (Safe Bulkers, Inc.)
Termination of Representations and Warranties. All representations, warranties and agreements contained in this Manager Side Letter shall terminate immediately after at the Closing Time and be of no further force and effect; provided, however, that if the Underwriters exercise their option to purchase Option Securities pursuant to Section 2(b) of the Underwriting Agreement, then all representations, warranties and agreements contained in this Manager Side Letter shall be deemed not to have terminated at the Closing Time and shall survive until such Date of Delivery referred to in Section 2(b) of the Underwriting Agreement and thereupon shall terminate and be of no further force and effect.
Appears in 2 contracts
Samples: Underwriting Agreement (Safe Bulkers, Inc.), Underwriting Agreement (Safe Bulkers, Inc.)
Termination of Representations and Warranties. All representations, warranties and agreements contained in this Manager Side Letter shall terminate immediately after at the Closing Time and be of no further force and effect; provided, however, that if the Underwriters exercise their option to purchase Option Securities pursuant to Section 2(b) of the Underwriting Purchase Agreement, then all representations, warranties and agreements contained in this Manager Side Letter shall be deemed not to have terminated at the Closing Time and shall survive until such Date of Delivery referred to in Section 2(b) of the Underwriting Purchase Agreement and thereupon shall terminate and be of no further force and effect.
Appears in 2 contracts
Samples: Purchase Agreement (Safe Bulkers, Inc.), Purchase Agreement (Safe Bulkers, Inc.)