Termination Clause Example from Business Contracts

This example Termination clause appears in 2 contracts from 1 company

Termination. The obligations of the Underwriters hereunder may be terminated by the Representatives by notice given to and received by the Company prior to delivery of and payment for the Firm Securities if, prior to that time, any of the events described in Sections 7(i) and 7(j) shall have occurred or if the Underwriters shall decline to purchase the Securities for any reason permitted under this Agreement.