Reimbursement of Underwriters’ Expenses Clause Example from Business Contracts

This example Reimbursement of Underwriters’ Expenses clause appears in 5 contracts from 2 companies

Reimbursement of Underwriters’ Expenses. If the Securities are not delivered for any reason other than the termination of this Agreement pursuant to the default by one or more of the Underwriters in its or their respective obligations hereunder, the Company shall, in addition to paying the amounts described in Section 4(p) hereof, reimburse the Underwriters for all of their out-of-pocket expenses, including the fees and disbursements of their counsel.