Termination Clause Example from Business Contracts

This example Termination clause appears in 2 contracts from 1 company

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