Default by the Initial Purchaser. If the Initial Purchaser shall breach its obligations to purchase the Units that it has agreed to purchase hereunder on the Closing Date and arrangements satisfactory to the Issuers for the purchase of such Units are not made within 36 hours after such default, this Agreement shall terminate with respect to such Initial Purchaser without liability on the part of the Issuers. Nothing herein shall relieve the Initial Purchaser from liability for its default.
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Samples: Purchase Agreement (MSX International Inc), Purchase Agreement (Phibro Animal Health Corp), Purchase Agreement (Hockey Co)
Default by the Initial Purchaser. If the Initial Purchaser shall breach its obligations to purchase the Units that it has agreed to purchase hereunder on the Closing Date and arrangements satisfactory to the Issuers for the purchase of such Units are not made within 36 hours after such default, this Agreement shall terminate with respect to such the Initial Purchaser without liability on the part of either of the Issuers. Nothing herein shall relieve the Initial Purchaser from liability for its default.
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Default by the Initial Purchaser. If the Initial Purchaser shall breach its obligations obligation to purchase the Units that it has agreed to purchase hereunder on the Closing Date and arrangements satisfactory to the Issuers Company for the purchase of such Units are not made within 36 hours after such default, this Agreement shall terminate with respect to such the Initial Purchaser without liability on the part of the Issuers. Nothing Company, and nothing herein shall relieve the Initial Purchaser from liability for its such default.
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