Reimbursement of Underwriters’ Expenses Clause Example from Business Contracts

Reimbursement of Underwriters’ Expenses. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 6 hereof (other than clauses (ii), (iii), or (vii) thereof) is not satisfied, because of any termination pursuant to Section 10 hereof or because of any refusal, inability or failure on the part of the Company to perform any agreement herein or comply with any provision hereof other than by reason of a default by any of the Underwriters, the Compa...ny will reimburse the Underwriters severally through the Representatives on demand for all reasonably incurred out-of-pocket expenses (including reasonably incurred fees and disbursements of counsel) that shall have been incurred by them in connection with the proposed purchase and sale of the Securities. View More