Effectiveness Clause Example from Business Contracts

Effectiveness. This Agreement shall become effective upon the execution and delivery hereof by the parties hereto. If this Agreement shall be terminated by the Underwriter in accordance with Section 5 or clause (ii) of Section 9 or because of any failure or refusal on the part of the Company to comply with the terms or to fulfill any of the conditions of this Agreement (other than by reason of a default by the Underwriter), the Company will reimburse the Underwriter for all reasonable and documented... out-of-pocket expenses (including the reasonable and documented fees and disbursements of its counsel) incurred by the Underwriter in connection with this Agreement or the Offering contemplated hereunder, but the Company shall then have no further liability to the Underwriter except as provided in Section 8 hereof. View More