Common use of Excused Clause in Contracts

Excused. The Underwriters may terminate this Purchase Agreement, without any liability of the Underwriters therefor, by written notification to the District if on or prior to the Closing Date any of the following shall have had a material adverse effect on the marketability or market price of the Bonds, in the reasonable opinion of the Underwriters, upon consultation with the District:

Excused. The Underwriters Underwriter may terminate this Purchase AgreementContract, without any liability of the Underwriters Underwriter therefor, by written notification to the District if on or prior to the Closing Date any of the following shall have had a material adverse effect on the marketability or market price of the Refunding Bonds, in the reasonable opinion of the UnderwritersUnderwriter, upon consultation with the District:

Excused. The Underwriters Underwriter may terminate this Purchase AgreementContract, without any liability of the Underwriters therefor, by written notification to the District if on or prior to as of the Closing Date any of the following shall have had a material adverse effect on the marketability or market price of the Bonds, [or the ability of the Underwriter to enforce contracts for the resale of the Bonds], in the reasonable opinion of the UnderwritersUnderwriter, upon consultation with the District:

Excused. The Underwriters may terminate this Purchase AgreementContract, without any liability of the Underwriters therefor, by written notification to the District if on or prior to the Closing Date any of the following shall have had a material adverse effect on the marketability or market price of the Bonds, in the reasonable opinion of the Underwriters, upon consultation with the District:

Excused. The Underwriters Underwriter may terminate this Purchase AgreementContract, without any liability of the Underwriters Underwriter therefor, by written notification to the District if on or prior to the Closing Date any of the following shall have had a material adverse effect on the marketability or market price of the Bonds, in the reasonable opinion of the UnderwritersUnderwriter, upon consultation with the District: