Default by the Company Clause Example from Business Contracts

This example Default by the Company clause appears in 2 contracts from 2 companies

Default by the Company. If the Company shall fail at the Closing Date or at the Option Closing Date to sell and deliver the Shares which it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of the Underwriters or, except as provided in Section 4(a)(vii), any nondefaulting party. No action taken pursuant to this Section 9 shall relieve the Company from liability, if any, in respect of such default.
Found in Resonant Inc contract
HARROW HEALTH, INC. Contracts

IMPRIMISPHARMACEUTICALS, inc. 2,900,000 SHARESOF COMMON STOCK UNDERWRITINGAGREEMENT (Filed With SEC on March 11, 2016)

Resonant Inc Contracts

RESONANT INC. 2,360,870 SHARES OF COMMON STOCK UNDERWRITING AGREEMENT (Filed With SEC on September 9, 2016)