Reimbursement of Underwriters’ Expenses Clause Example with 11 Variations from Business Contracts

Reimbursement of Underwriters’ Expenses. If the sale of the Registered Certificates provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 6 hereof is not satisfied or because of any refusal, inability or failure on the part of the Depositor to perform any agreement herein or comply with any provision hereof, other than by reason of a default by any of the Underwriters, the Depositor and Wells Fargo Bank, jointly and severally, shall reimburse the Underwriters severally,... upon demand, for all out of pocket expenses (including reasonable fees and disbursements of counsel) that shall have been incurred by them in connection with the proposed purchase and sale of the Registered Certificates. View More