Default by the Company Clause Example with 4 Variations from Business Contracts

This page contains Default by the Company clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Default by the Company. If the Company shall fail at any Settlement Date to sell and deliver the number of Shares which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of the Agent or, except as provided in Section 3(g) hereof, any non-defaulting party. No action taken pursuant to this Section shall relieve the Company from liability, if any, in respect of such default, and the Company shall (A) hold the Agent harmless against any loss, claim or damage arising fr...om or as a result of such default by the Company and (B) pay the Agent any commission to which it would otherwise be entitled absent such default. View More Arrow
Found in Agrify Corp contract

Variations of a "Default by the Company" Clause from Business Contracts

Default by the Company. If the Company shall fail at any Settlement Date to sell and deliver the number of Shares which it is obligated to sell hereunder, then this Agreement the Company shall terminate without any liability on the part of the Agent or, except as provided in Section 3(g) hereof, any non-defaulting party. have five (5) business days to cure such default and deliver such Shares. No action taken pursuant to this Section 8 shall relieve the Company from liability, if any, in respect of such default, and th...e Company shall (A) hold the Agent harmless against any loss, claim or damage arising from or as a result of such default by the Company and (B) pay the Agent any commission to which it would otherwise be entitled absent such default. View More Arrow
Found in Summit Wireless Technologies, Inc. contract
Default by the Company. If the Company shall fail at any Settlement Date to sell issue and deliver the number of Shares which it is obligated to sell issue hereunder, then this Agreement shall terminate without any liability on the part of the Agent Agents or, except as provided in Section 3(g) hereof, any non-defaulting party. No action taken pursuant to this Section shall relieve the Company from liability, if any, in respect of such default, and the Company shall (A) hold the Agent Agents harmless against any loss, ...claim or damage arising from or as a result of such default by the Company and (B) pay the Agent Agents any commission to which it would otherwise be entitled absent such default. View More Arrow
Found in Prothena Corp plc contract
Default by the Company. If the Company shall fail at any Settlement Date to sell and deliver the number of Shares which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of the Agent Agents or, except as provided in Section 3(g) hereof, any non-defaulting party. No action taken pursuant to this Section 8 shall relieve the Company from liability, if any, in respect of such default, and the Company shall (A) hold each of the Agent Agents harmless against any loss, cl...aim or damage arising from or as a result of such default by the Company and (B) pay each of the Agent Agents any commission to which it would otherwise be entitled absent such default. View More Arrow
Found in Gordon Pointe Acquisition Corp. contract
Default by the Company. If the Company shall fail at any Settlement Date to sell and deliver the number of Shares which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of the Agent or, except as provided in Section 3(g) hereof, any non-defaulting non‐defaulting party. No action taken pursuant to this Section 8 shall relieve the Company from liability, if any, in respect of such default, and the Company shall (A) (a) hold the Agent harmless against any loss, claim... or damage arising from or as a result of such default by the Company and (B) (b) pay the Agent any commission Sales Commission to which it would otherwise be entitled absent such default. View More Arrow
Found in Aptevo Therapeutics Inc. contract