Defaulting Underwriter definition

Defaulting Underwriter has the meaning given to it in Section 18(2);

Defaulting Underwriter has the meaning given to that term in section 8.2;

Defaulting Underwriter shall have the meaning given to such term in Clause 5.4;

Examples of Defaulting Underwriter in a sentence

• Nothing herein shall be deemed to relieve any Defaulting Underwriter from any liability it may have to the Company or the other Underwriter by reason of its failure to take up and pay for Certificates as agreed by such Defaulting Underwriter.

• Nothing contained herein shall relieve the Defaulting Underwriter from any and all liabilities to the Seller, the Company, NFI and the Performing Underwriters resulting from the default of the Defaulting Underwriter.

• No action taken pursuant to this Section shall relieve any Defaulting Underwriter from liability in respect of its default.

• Nothing herein shall be deemed to relieve any Defaulting Underwriter from any liability it may have to the Company or the other Underwriters by reason of its failure to take up and pay for Certificates as agreed by such Defaulting Underwriter.

• In the event of any such termination, the Company shall not be under any liability to any Underwriter (except to the extent provided in Section 5(g), Section 8 and Section 9 hereof), nor shall any Underwriter (other than the Defaulting Underwriter) be under any liability to the Company (except to the extent provided in Sections 8 and 9 hereof).

• If any of the Underwriters defaults in its obligations to purchase the Offered Certificates offered to it hereunder (such Underwriter, the "Defaulting Underwriter"), then the remaining Underwriters (the "Performing Underwriters") shall have the option, but not the obligation, to purchase all, but not less than all, of the Offered Certificates offered to the Defaulting Underwriter.

• Nothing contained herein shall relieve the Defaulting Underwriter from any and all liabilities to the Sponsor, the Depositor, NFI and the Performing Underwriters resulting from the default of such Defaulting Underwriter.

• If any of the Underwriters defaults in its obligations to purchase the Offered Certificates offered to it hereunder (such Underwriter, the “Defaulting Underwriter”), then the remaining Underwriters (the “Performing Underwriters”) shall have the option, but not the obligation, to purchase all, but not less than all, of the Offered Certificates offered to the Defaulting Underwriter.

• Nothing herein shall be deemed to relieve any Defaulting Underwriter from any liability it may have to the Company or the other Underwriter(s) by reason of its failure to take up and pay for Certificates as agreed by such Defaulting Underwriter.

• If any of the Underwriters defaults in its obligations to purchase the Underwritten Certificates offered to it hereunder (such Underwriter, the “Defaulting Underwriter”), then the remaining Underwriters (the “Performing Underwriters”) shall have the option, but not the obligation, to purchase all, but not less than all, of the Underwritten Certificates offered to the Defaulting Underwriter.

More Definitions of Defaulting Underwriter

Defaulting Underwriter shall have the meaning given to such term in Section 5.4;

Defaulting Underwriter has the meaning ascribed thereto in Section 13(b);

Defaulting Underwriter has the meaning ascribed to such term in Clause 5.5. “Designated Branches” has the meaning ascribed to such term in the Offer Documents.