Reimbursement of Underwriters’ Expenses Clause Example from Business Contracts

This example Reimbursement of Underwriters’ Expenses clause appears in 2 contracts from 1 company

Reimbursement of Underwriters’ Expenses. If (a) any Selling Stockholder shall fail to tender the Stock for delivery to the Underwriter for any reason, or (b) the Underwriter shall decline to purchase the Stock for any reason permitted under this Agreement, the Company and such Selling Stockholder will reimburse the Underwriter for all reasonable out-of-pocket expenses (including the reasonable fees and disbursements of counsel for the Underwriter) incurred by the Underwriter in connection with this Agreement and the proposed purchase o...f the Stock, and upon demand the Company and such Selling Stockholder shall pay the full amount thereof to the Underwriter. View More