Termination Clause Example from Business Contracts

This example Termination clause appears in 14 contracts from 2 companies

Termination. If any one or more of the Underwriters shall fail or refuse to purchase the Senior Notes which it or they have agreed to purchase hereunder, and the aggregate principal amount of the Senior Notes which such defaulting Underwriter or Underwriters agreed but failed or refused to purchase is not more than one-tenth of the aggregate principal amount of the Senior Notes, then the other Underwriters shall be obligated severally in the proportions which the principal amount of the Senior Notes set fort...h opposite their respective names in Schedule I bears to the aggregate underwriting obligations of all non-defaulting Underwriters, or in such other proportions as the Underwriters may specify, to purchase the Senior Notes which such defaulting Underwriter or Underwriters agreed but failed or refused to purchase. If any Underwriter or Underwriters shall so fail or refuse to purchase Senior Notes and the aggregate principal amount of the Senior Notes with respect to which such default occurs is more than one-tenth of the aggregate principal amount of the Senior Notes and arrangements satisfactory to the Underwriters and the Company for the purchase of such Senior Notes are not made within 36 hours after such default, this Agreement will terminate without liability on the part of any non-defaulting Underwriter (except as provided in Sections 6(h) and 9) or of the Company (except as provided in Sections 6(c) and 9). In any such case not involving a termination, either the Representatives or the Company shall have the right to postpone the Closing Date, but in no event for longer than seven days, in order that the required changes, if any, in the Registration Statement and in the Prospectus or in any other documents or arrangements may be effected. Any action taken under this Section 10 shall not relieve any defaulting Underwriter from liability in respect of any default of such Underwriter under this Agreement. View More
Found in Dominion Energy contract
Dominion Energy Contracts

Underwriting Agreement, dated March 11, 2019, among the Company and Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., and TD Securities (USA) LLC, as Representatives... (Filed With SEC on March 13, 2019)

Underwriting Agreement, dated May 30, 2018, among the Company and BNP Paribas Securities Corp. and Scotia Capital (USA) Inc., as Representatives for the underwriters named in the... (Filed With SEC on June 5, 2018)

DOMINION RESOURCES, INC. $400,000,000 2017 Series A 1.875% Senior Notes due 2019 $400,000,000 2017 Series B 2.75% Senior Notes due 2022 UNDERWRITING AGREEMENT (Filed With SEC on January 12, 2017)

DOMINION RESOURCES, INC. $400,000,000 2014 Series A 1.25% Senior Notes due 2017 UNDERWRITING AGREEMENT March 18, 2014 (Filed With SEC on March 24, 2014)

DOMINION RESOURCES, INC. $700,000,000 2014 Series B 2.50% Senior Notes due 2019 $500,000,000 2014 Series C 3.625% Senior Notes due 2024 $450,000,000 2014 Series D 4.70% Senior... (Filed With SEC on November 25, 2014)

VIRGINIA ELECTRIC & POWER CO Contracts

Underwriting Agreement, dated November 20, 2019, among the Company and Deutsche Bank Securities Inc., MUFG Securities Americas Inc., SunTrust Robinson Humphrey, Inc. and TD... (Filed With SEC on December 5, 2019)

Underwriting Agreement, dated December 1, 2020, among the Company and BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, MUFG... (Filed With SEC on December 15, 2020)

Underwriting Agreement, dated November 15, 2021, among the Company and BMO Capital Markets Corp., BofA Securities, Inc., Mizuho Securities USA LLC, PNC Capital Markets LLC, Scotia... (Filed With SEC on November 22, 2021)

Underwriting Agreement, dated January 5, 2022, among the Company and Morgan Stanley & Co. LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc., TD... (Filed With SEC on January 13, 2022)

Underwriting Agreement, dated May 16, 2022, among the Company and BMO Capital Markets Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Guggenheim Securities, LLC,... (Filed With SEC on May 31, 2022)

Underwriting Agreement, dated November 26, 2018, among the Company and Deutsche Bank Securities Inc., SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC, as... (Filed With SEC on November 28, 2018)

Underwriting Agreement, dated March 28, 2023, among the Company and Barclays Capital Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., Scotia Capital (USA) Inc.,... (Filed With SEC on March 30, 2023)

Underwriting Agreement, dated March 20, 2018, among the Company and BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC and U.S. Bancorp Investments, Inc., as... (Filed With SEC on March 22, 2018)

VIRGINIA ELECTRIC AND POWER COMPANY $400,000,000 2016 Series B 2.95% Senior Notes due 2026 $500,000,000 2016 Series C 4.00% Senior Notes due 2046 UNDERWRITING AGREEMENT (Filed With SEC on November 16, 2016)