Common use of Unexcused Clause in Contracts

Unexcused. In the event the Underwriter shall fail (other than for a reason permitted by this Purchase Contract) to pay for the Bonds upon tender of the Bonds at the Closing, the Underwriter shall have no right in or to the Bonds.

Appears in 3 contracts

Samples: Bond Purchase Agreement, Bond Purchase Agreement, Bond Purchase Contract

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Unexcused. In the event the Underwriter Underwriters shall fail (other than for a reason permitted by this Purchase ContractAgreement) to pay for the Bonds upon tender of the Bonds at the Closing, the Underwriter Underwriters shall have no right in or to the Bonds.

Appears in 2 contracts

Samples: Purchase Agreement, Bond Purchase Agreement Peralta Community

Unexcused. In the event the Underwriter Underwriters shall fail (other than for a reason permitted by this Purchase Contract) to pay for the Refunding Bonds upon tender of the Refunding Bonds at the ClosingSettlement, the Underwriter Underwriters shall have no right in or to the Refunding Bonds.

Appears in 1 contract

Samples: Purchase Agreement

Unexcused. In the event the Underwriter shall fail (other than for a reason permitted by this Purchase Contract) to pay for the Series Bonds upon tender of the Series Bonds at the Closing, the Underwriter shall have no right in or to the Series Bonds.

Appears in 1 contract

Samples: Bond Purchase Contract

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Unexcused. In the event the Underwriter Underwriters shall fail (other than for a reason permitted by this Purchase Contract) to pay for the Bonds upon tender of the Bonds at the Closing, the Underwriter Underwriters shall have no right in or to the Bonds.

Appears in 1 contract

Samples: Bond Purchase Agreement

Unexcused. In the event the Underwriter shall fail (other than for a reason permitted by this Purchase Contract) to pay for the Refunding Bonds upon tender of the Refunding Bonds at the Closing, the Underwriter shall have no right in or to the Refunding Bonds.

Appears in 1 contract

Samples: Bond Purchase Agreement

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