Default by the Company Clause Example with 10 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. (a) Default by the Company. If the Company shall fail at the First Closing Date to sell and deliver the number of Securities which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any Underwriter or, except as provided in Section 4(a)(vii) and Section 6 hereof, any non-defaulting party. (b) No Relief from Liability. No action taken pursuant to this Section shall relieve the Company from liability, if any, in respect of such default.

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

Default by the Company. (a) Default by the Company. If the Company shall fail at the First Closing Delivery Date to sell and deliver the number of Securities which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any Underwriter or, except as provided in Section 4(a)(vii) and Section 6 hereof, any non-defaulting party. (b) No Relief from Liability. No action taken pursuant to this Section 10 shall relieve the Company from liability, if any, in respect of such d...efault. View More
Default by the Company. (a) Default by the Company. If the Company shall fail at the First Closing Date or at the Option Closing Date to sell and deliver the number of Securities Shares which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any Underwriter the Underwriters or, except as provided in Section 4(a)(vii) and Section 6 hereof, 4(a)(vii), any non-defaulting nondefaulting party. (b) No Relief from Liability. No action taken pursuant to this Section 9 s...hall relieve the Company from liability, if any, in respect of such default. View More
Default by the Company. (a) Default by the Company. If the Company shall fail at the First Closing Date or at the Option Closing Date to sell and deliver the number of Securities Shares which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any the Underwriter or, except as provided in Section 4(a)(vii) and Section 6 hereof, 4(a)(vii), any non-defaulting nondefaulting party. (b) No Relief from Liability. No action taken pursuant to this Section 9 shall relieve ...the Company from liability, if any, in respect of such default. View More
Default by the Company. (a) Default by the Company. If the Company shall fail at the First Closing Date to sell and deliver the number of Securities which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any Underwriter the Underwriters or, except as provided in Section 4(a)(vii) Sections 6 and Section 6 10 hereof, any non-defaulting party. (b) No Relief from Liability. No action taken pursuant to this Section 9 shall relieve the Company from liability, if any,... in respect of such default. View More
Default by the Company. (a) Default by the Company. If the Company shall fail at the First Closing Date to sell and deliver the number of Securities which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any Underwriter or, except as provided in Section 4(a)(vii) 3(h) and Section 6 5 hereof, any non-defaulting non defaulting party. (b) No Relief from Liability. No action taken pursuant to this Section 8 shall relieve the Company so defaulting from liability, if... any, in respect of such default. View More
Default by the Company. (a) Default by the Company. If the Company shall fail at the First Closing Date to sell and deliver the number of Securities which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any Underwriter or, except as provided in Section 4(a)(vii) 3(h) and Section 6 5 hereof, any non-defaulting non defaulting party. (b) No Relief from Liability. No action taken pursuant to this Section 8 shall relieve the Company from liability, if any, in respe...ct of such default. View More
Default by the Company. (a) Default by the Company. If the Company shall fail at the First Closing Date to sell and deliver the number of Securities which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any Underwriter or, except as provided in Section 4(a)(vii) and Section 6 hereof, any non-defaulting party. Underwriter. (b) No Relief from Liability. No action taken pursuant to this Section shall relieve the Company from liability, if any, in respect of such ...default. any default hereunder. View More
Default by the Company. (a) Default by the Company. If the Company shall fail at the First Closing Date to sell and deliver the number of Securities which that it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any Underwriter or, except as provided in Section 4(a)(vii) and Section 6 hereof, any non-defaulting party. Underwriter. (b) No Relief from Liability. No action taken pursuant to this Section shall relieve the Company from liability, if any, in respect of ...such default. View More
Default by the Company. (a) Default by the Company. If the Company shall fail at the First Closing Date to sell and deliver the number of Securities which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any Underwriter or, except as provided in Section 4(a)(vii) and Section 6 hereof, any non-defaulting party. Underwriter. (b) No Relief from Liability. No action taken pursuant to this Section shall relieve the Company from liability, if any, in respect of such ...default. any default hereunder. View More
Default by the Company. (a) Default by the Company. If the Company shall fail at the First Firm Share Closing Date to sell and deliver the number of Securities Shares which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any the Underwriter or, except as provided in Section 4(a)(vii) and Section 6 hereof, any non-defaulting party. (b) No Relief from Liability. No action taken pursuant to this Section shall relieve the Company so defaulting from liability, if a...ny, in respect of such default. View More