Termination Clause Example with 10 Variations from Business Contracts

This page contains Termination clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Termination. The obligations of the Initial Purchasers hereunder may be terminated by the Initial Purchasers by notice given to and received by the Company prior to delivery of and payment for the Notes if, prior to that time, any of the events described in Sections 7(g), (j) or (n) shall have occurred or if the Initial Purchasers shall decline to purchase the Notes for any reason permitted under this Agreement.

Variations of a "Termination" Clause from Business Contracts

Termination. The obligations of the Initial Purchasers hereunder may be terminated by the Initial Purchasers by notice given to and received by the Company Issuers prior to delivery of and payment for the Notes if, prior to that time, any of the events described in Sections 7(g), (j) 7(k), (m) or (n) (o) shall have occurred or if the Initial Purchasers shall decline to purchase the Notes for any reason permitted under this Agreement. 31 11. Reimbursement of Initial Purchasers' Expenses. If (i) the Issuers fo...r any reason fail to tender the Notes for delivery to the Initial Purchasers, or (ii) the Initial Purchasers decline to purchase the Notes for any reason permitted under this Agreement (other than Sections 7(o)(i)(A), (o)(ii), (o)(iii) or (o)(iv)), the Issuers and the Guarantors shall reimburse the Initial Purchasers for all reasonable out-of-pocket expenses (including fees and disbursements of counsel for the Initial Purchasers) incurred by the Initial Purchasers in connection with this Agreement and the proposed purchase of the Notes, and upon demand the Issuers and the Guarantors shall pay the full amount thereof to the Representative. If this Agreement is terminated pursuant to Section 9 by reason of the default of one or more Initial Purchasers or pursuant to Section 10 as a result of the occurrence of any of the events listed in Sections 7(o)(i)(A), (o)(ii), (o)(iii) or (o)(iv), the Issuers and the Guarantors shall not be obligated to reimburse any defaulting Initial Purchaser on account of those expenses. View More
Termination. The obligations of the Initial Purchasers hereunder may be terminated by the Initial Purchasers Purchasers, in their absolute discretion by notice given to and received by the Company prior to delivery of and payment for the Notes Securities if, prior to that time, any of the events described in Sections 7(g), (j) 7(k), 7(l) or (n) shall 7(m) have occurred or if the Initial Purchasers shall decline to purchase the Notes Securities for any reason permitted under this Agreement.
Termination. The obligations of the Initial Purchasers hereunder may be terminated by the Initial Purchasers by notice given to and received by the Company prior to delivery of and payment for the Notes if, prior to that time, any of the events described in Sections 7(g), (j) 7(i), (k) or (n) shall have occurred or if the Initial Purchasers shall decline to purchase the Notes for any reason permitted under this Agreement. 29 11. Reimbursement of Initial Purchasers' Expenses. If (a) the Company for any reason... fails to tender the Notes for delivery to the Initial Purchasers, or (b) the Initial Purchasers decline to purchase the Notes for any reason permitted under this Agreement, the Company shall reimburse the Initial Purchasers for all reasonable out-of-pocket expenses (including fees and disbursements of counsel for the Initial Purchasers) incurred by the Initial Purchasers in connection with this Agreement and the proposed purchase of the Notes, and upon demand the Company shall pay the full amount thereof to the Initial Purchasers. If this Agreement is terminated pursuant to Section 9 by reason of the default of one or more Initial Purchasers, the Company shall not be obligated to reimburse any defaulting Initial Purchaser on account of those expenses. View More
Termination. The obligations of the Initial Purchasers hereunder may be terminated by the Initial Purchasers by notice given to and received by the Company Issuer prior to delivery of and payment for the Notes if, prior to that time, any of the events described in Sections 7(g), (j) 8(f), (h), (m) or (n) hereof shall have occurred or if the Initial Purchasers shall decline to purchase the Notes for any reason permitted under this Agreement.
Termination. The obligations of the Initial Purchasers hereunder may be terminated by the Initial Purchasers by notice given to and received by the Company Issuer prior to delivery of and payment for the Notes if, prior to that time, any of the events described in Sections 7(g), (j) 7(j), (l) or (n) (p) shall have occurred or if the Initial Purchasers shall decline to purchase the Notes for any reason permitted under this Agreement.
Termination. The obligations of the Initial Purchasers hereunder may be terminated by the Initial Purchasers by notice given to and received by the Company prior to delivery of and payment for the Notes if, prior to that time, any of the events described in Sections 7(g), (j) 7(h), (l) or (n) (p) shall have occurred or if the Initial Purchasers shall decline to purchase the Notes for any reason permitted under this Agreement.
Termination. The obligations of the Initial Purchasers hereunder may be terminated by the Initial Purchasers by notice given to and received by the Company prior to delivery of and payment for the Notes Securities if, prior to that time, any of the events described in Sections 7(g), (j) 7(i) or (n) 7(m) shall have occurred or if the Initial Purchasers shall decline to purchase the Notes Securities for any reason permitted under this Agreement.
Termination. The obligations of the Initial Purchasers hereunder may be terminated by the Initial Purchasers by notice given to and received by the Company prior to delivery of and payment for the Notes if, prior to that time, any of the events described in Sections 7(g), 7(e), (g) or (j) or (n) shall have occurred or if the Initial Purchasers shall decline to purchase the Notes for any reason permitted under this Agreement.
Termination. The obligations of the Initial Purchasers hereunder may be terminated by the Initial Purchasers by notice given to and received by the Company Issuers prior to delivery of and payment for the Notes if, prior to that time, any of the events described in Sections 7(g), (j) 7(i), (k) or (n) shall have occurred or if the Initial Purchasers shall decline to purchase the Notes for any reason permitted under this Agreement.
Termination. The obligations of the Initial Purchasers hereunder may be terminated by the Initial Purchasers by notice given to and received by the Company prior to delivery of and payment for the Notes if, prior to that time, any of the events described in Sections 7(g), 7(h), (j) or (n) (p) shall have occurred or if the Initial Purchasers shall decline to purchase the Notes for any reason permitted under this Agreement.