Substitution of Underwriters Clause Example from Business Contracts

This example Substitution of Underwriters clause appears in 5 contracts from 1 company

Substitution of Underwriters. If any Underwriter or Underwriters default in their obligations to purchase Notes hereunder and the aggregate principal amount of the Notes that such defaulting Underwriter or Underwriters agreed but failed to purchase does not exceed 10% of the total principal amount of the Notes, the Representatives may make arrangements satisfactory to the Company for the purchase of such Notes by other persons, including any of the Underwriters, but if no such arrangements are made by the Closing Date, the n...on-defaulting Underwriters shall be obligated severally, in proportion to their respective commitments hereunder, to purchase the Notes that such defaulting Underwriter or Underwriters agreed but failed to purchase. If any Underwriter or Underwriters so default and the aggregate principal amount of the Notes with respect to which such default or defaults occur exceeds 10% of the total principal amount of the Notes and arrangements satisfactory to the Representatives and the Company for the purchase of such Notes by other persons are not made within 36 hours after such default, this Agreement will terminate without liability on the part of any non-defaulting Underwriter or the Company, except as provided in Section 7. As used in this Agreement, the term "Underwriter" includes any person substituted for an Underwriter under this Section. Nothing herein will relieve a defaulting Underwriter from liability for its default. View More Arrow
Found in CVS contract
CVS Contracts

Underwriting Agreement dated August 8, 2019, among CVS Health Corporation and Barclays Capital Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as representatives of... (Filed With SEC on August 12, 2019)

Underwriting Agreement dated March 26, 2020 among CVS Health Corporation and Barclays Capital Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC as representatives of... (Filed With SEC on March 31, 2020)

Underwriting Agreement dated December 7, 2020, among CVS Health Corporation and Barclays Capital Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as representatives... (Filed With SEC on December 9, 2020)

Underwriting Agreement dated March 6, 2018 among CVS Health Corporation and Barclays Capital Inc., Goldman Sachs & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and... (Filed With SEC on March 12, 2018)

CVSHEALTH CORPORATION $2,250,000,000 1.900% Senior Notes due 2018 $2,750,000,000 2.800% Senior Notes due 2020 $1,500,000,000 3.500% Senior Notes due 2022 $3,000,000,000 3.875%... (Filed With SEC on July 17, 2015)