{"component": "clause", "props": {"groups": [{"snippet": "Subject to Sections 6 and 7 hereof, if any Underwriter shall default in its obligation to take up and pay for the Firm Shares to be purchased by it hereunder (otherwise than for a failure of a condition set forth in Section 6 hereof or a reason sufficient to justify the termination of this Agreement under the provisions of Section 7 hereof) and if the number of Firm Shares which all Underwriters so defaulting shall have agreed but failed to take up and pay for does not exceed 10% of the total number of Firm Shares, the non-defaulting Underwriters (including the Underwriters, if any, substituted in the manner set forth below) shall take up and pay for (in addition to the aggregate number of Firm Shares they are obligated to purchase pursuant to Section 1 hereof) the number of Firm Shares agreed to be purchased by all such defaulting Underwriters, as hereinafter provided. Such Shares shall be taken up and paid for by such non-defaulting Underwriters in such amount or amounts as you may designate with the consent of each Underwriter so designated or, in the event no such designation is made, such Shares shall be taken up and paid for by all non-defaulting Underwriters pro rata in proportion to the aggregate number of Firm Shares set forth opposite the names of such non-defaulting Underwriters in Schedule A. Without relieving any defaulting Underwriter from its obligations hereunder, the Company agrees with the non-defaulting Underwriters that it will not sell any Firm Shares hereunder unless all of the Firm Shares are purchased by the Underwriters (or by substituted Underwriters selected by you with the approval of the Company or selected by the Company with your approval). If a new Underwriter or Underwriters are substituted by the Underwriters or by the Company for a defaulting Underwriter or Underwriters in accordance with the foregoing provision, the Company or you shall have the right to postpone the time of purchase for a period not exceeding five business days in order that any necessary changes in the Registration Statement and the Prospectus and other documents may be effected. The term \u201cUnderwriter\u201d as used in this Agreement shall refer to and include any Underwriter substituted under this Section 8 with like effect as if such substituted Underwriter had originally been named in Schedule A hereto. If the aggregate number of Firm Shares which the defaulting Underwriter or Underwriters agreed to purchase exceeds 10% of the total number of Firm Shares which all Underwriters agreed to purchase hereunder, and if neither the non-defaulting Underwriters nor the Company shall make arrangements within the five business day period stated above for the purchase of all the Firm Shares which the defaulting Underwriter or Underwriters agreed to purchase hereunder, this Agreement shall terminate without further act or deed and without any liability on the part of the Company to any Underwriter and without any liability on the part of any non-defaulting Underwriter to the Company. Nothing in this paragraph, and no action taken hereunder, shall relieve any defaulting Underwriter from liability in respect of any default of such Underwriter under this Agreement.", "snippet_links": [{"key": "subject-to-sections-6", "type": "clause", "offset": [0, 21]}, {"key": "obligation-to-take", "type": "clause", "offset": [76, 94]}, {"key": "pay-for", "type": "definition", "offset": [102, 109]}, {"key": "shares-to-be-purchased", "type": "clause", "offset": [119, 141]}, {"key": "failure-of-a-condition", "type": "clause", "offset": [180, 202]}, {"key": "in-section-6", "type": "clause", "offset": [213, 225]}, {"key": "termination-of-this-agreement", "type": "clause", "offset": [271, 300]}, {"key": "section-7", "type": "definition", "offset": [325, 334]}, {"key": "number-of-firm-shares", "type": "clause", "offset": [354, 375]}, {"key": "have-agreed", "type": "clause", "offset": [419, 430]}, {"key": "total-number-of", "type": "definition", "offset": [492, 507]}, {"key": "the-non", "type": "clause", "offset": [521, 528]}, {"key": "defaulting-underwriters", "type": "clause", "offset": [529, 552]}, {"key": "in-addition-to-the", "type": "clause", "offset": [660, 678]}, {"key": "aggregate-number", "type": "clause", "offset": [679, 695]}, {"key": "pursuant-to-section-1", "type": "clause", "offset": [742, 763]}, {"key": "agreed-to", "type": "definition", "offset": [798, 807]}, {"key": "consent-of", "type": "clause", "offset": [1018, 1028]}, {"key": "in-the-event", "type": "clause", "offset": [1064, 1076]}, {"key": "pro-rata", "type": "definition", "offset": [1184, 1192]}, {"key": "names-of", "type": "clause", "offset": [1269, 1277]}, {"key": "schedule-a", "type": "clause", "offset": [1314, 1324]}, {"key": "the-company-agrees", "type": "clause", "offset": [1403, 1421]}, {"key": "by-the-underwriters", "type": "clause", "offset": [1551, 1570]}, {"key": "substituted-underwriters", "type": "clause", "offset": [1578, 1602]}, {"key": "approval-of-the-company", "type": "definition", "offset": [1628, 1651]}, {"key": "by-the-company-for", "type": "clause", "offset": [1776, 1794]}, {"key": "in-accordance-with", "type": "definition", "offset": [1836, 1854]}, {"key": "the-foregoing", "type": "definition", "offset": [1855, 1868]}, {"key": "right-to", "type": "clause", "offset": [1914, 1922]}, {"key": "time-of-purchase", "type": "clause", "offset": [1936, 1952]}, {"key": "days-in", "type": "definition", "offset": [1994, 2001]}, {"key": "changes-in", "type": "definition", "offset": [2027, 2037]}, {"key": "prospectus-and-other-documents", "type": "clause", "offset": [2073, 2103]}, {"key": "used-in-this-agreement", "type": "clause", "offset": [2147, 2169]}, {"key": "refer-to", "type": "definition", "offset": [2176, 2184]}, {"key": "section-8", "type": "clause", "offset": [2236, 2245]}, {"key": "the-company-shall", "type": "clause", "offset": [2604, 2621]}, {"key": "business-day-period", "type": "clause", "offset": [2656, 2675]}, {"key": "purchase-of", "type": "clause", "offset": [2697, 2708]}, {"key": "any-non", "type": "clause", "offset": [2980, 2987]}, {"key": "to-the-company", "type": "clause", "offset": [3011, 3025]}, {"key": "action-taken", "type": "definition", "offset": [3061, 3073]}, {"key": "in-respect-of", "type": "clause", "offset": [3141, 3154]}, {"key": "such-underwriter", "type": "clause", "offset": [3170, 3186]}], "size": 399, "samples": [{"hash": "dERgZ0sWXI8", "uri": "/contracts/dERgZ0sWXI8#increase-in-underwriters-commitments", "label": "Underwriting Agreement (Selecta Biosciences Inc)", "score": 28.062286377, "published": true}, {"hash": "aTUjVvGbK8D", "uri": "/contracts/aTUjVvGbK8D#increase-in-underwriters-commitments", "label": "Underwriting Agreement (Ra Medical Systems, Inc.)", "score": 27.7091026306, "published": true}, {"hash": "fswsWDcakRW", "uri": "/contracts/fswsWDcakRW#increase-in-underwriters-commitments", "label": "Underwriting Agreement (Obalon Therapeutics Inc)", "score": 25.7351131439, "published": true}], "hash": "250ed101c8756aee5ca8974a678bbe08", "id": 1}, {"snippet": "Subject to Sections 6 and 7 hereof, if any Underwriter shall default in its obligation to take up and pay for the Firm Shares to be purchased by it hereunder (otherwise than for a failure of a condition set forth in Section 6 hereof or a reason sufficient to justify the termination of this Agreement under the provisions of Section 7 hereof) and if the number of Firm Shares which all Underwriters so defaulting shall have agreed but failed to take up and pay for does not exceed 10% of the total number of Firm Shares, the non-defaulting Underwriters shall take up and pay for (in addition to the aggregate number of Firm Shares they are obligated to purchase pursuant to Section 1 hereof) the number of Firm Shares agreed to be purchased by all such defaulting Underwriters, as hereinafter provided. Such Shares shall be taken up and paid for by such non-defaulting Underwriters in such amount or amounts as you may designate with the consent of each Underwriter so designated or, in the event no such designation is made, such Shares shall be taken up and paid for by all non-defaulting Underwriters pro rata in proportion to the aggregate number of Firm Shares set opposite the names of such non-defaulting Underwriters in Schedule A. Without relieving any defaulting Underwriter from its obligations hereunder, the Company agrees with the non-defaulting Underwriters that it will not sell any Firm Shares hereunder unless all of the Firm Shares are purchased by the Underwriters (or by substituted Underwriters selected by you with the approval of the Company or selected by the Company with your approval). If a new Underwriter or Underwriters are substituted by the Underwriters or by the Company for a defaulting Underwriter or Underwriters in accordance with the foregoing provision, the Company or you shall have the right to postpone the time of purchase for a period not exceeding five business days in order that any necessary changes in the Registration Statement and the Prospectus and other documents may be effected. The term Underwriter as used in this Agreement shall refer to and include any Underwriter substituted under this Section 8 with like effect as if such substituted Underwriter had originally been named in Schedule A. If the aggregate number of Firm Shares which the defaulting Underwriter or Underwriters agreed to purchase exceeds 10% of the total number of Firm Shares which all Underwriters agreed to purchase hereunder, and if neither the non-defaulting Underwriters nor the Company shall make arrangements within the five business day period stated above for the purchase of all the Firm Shares which the defaulting Underwriter or Underwriters agreed to purchase hereunder, this Agreement shall terminate without further act or deed and without any liability on the part of the Company to any non-defaulting Underwriter and without any liability on the part of any non-defaulting Underwriter to the Company. Nothing in this paragraph, and no action taken hereunder, shall relieve any defaulting Underwriter from liability in respect of any default of such Underwriter under this Agreement.", "snippet_links": [{"key": "subject-to-sections-6", "type": "clause", "offset": [0, 21]}, {"key": "obligation-to-take", "type": "clause", "offset": [76, 94]}, {"key": "pay-for", "type": "definition", "offset": [102, 109]}, {"key": "shares-to-be-purchased", "type": "clause", "offset": [119, 141]}, {"key": "failure-of-a-condition", "type": "clause", "offset": [180, 202]}, {"key": "in-section-6", "type": "clause", "offset": [213, 225]}, {"key": "termination-of-this-agreement", "type": "clause", "offset": [271, 300]}, {"key": "section-7", "type": "definition", "offset": [325, 334]}, {"key": "number-of-firm-shares", "type": "clause", "offset": [354, 375]}, {"key": "have-agreed", "type": "clause", "offset": [419, 430]}, {"key": "total-number-of", "type": "definition", "offset": [492, 507]}, {"key": "the-non", "type": "clause", "offset": [521, 528]}, {"key": "defaulting-underwriters", "type": "clause", "offset": [529, 552]}, {"key": "in-addition-to-the", "type": "clause", "offset": [580, 598]}, {"key": "aggregate-number", "type": "clause", "offset": [599, 615]}, {"key": "pursuant-to-section-1", "type": "clause", "offset": [662, 683]}, {"key": "agreed-to", "type": "definition", "offset": [718, 727]}, {"key": "consent-of", "type": "clause", "offset": [938, 948]}, {"key": "in-the-event", "type": "clause", "offset": [984, 996]}, {"key": "pro-rata", "type": "definition", "offset": [1104, 1112]}, {"key": "names-of", "type": "clause", "offset": [1183, 1191]}, {"key": "the-company-agrees", "type": "clause", "offset": [1317, 1335]}, {"key": "by-the-underwriters", "type": "clause", "offset": [1465, 1484]}, {"key": "substituted-underwriters", "type": "clause", "offset": [1492, 1516]}, {"key": "approval-of-the-company", "type": "definition", "offset": [1542, 1565]}, {"key": "by-the-company-for", "type": "clause", "offset": [1690, 1708]}, {"key": "in-accordance-with", "type": "definition", "offset": [1750, 1768]}, {"key": "the-foregoing", "type": "definition", "offset": [1769, 1782]}, {"key": "right-to", "type": "clause", "offset": [1828, 1836]}, {"key": "time-of-purchase", "type": "clause", "offset": [1850, 1866]}, {"key": "days-in", "type": "definition", "offset": [1908, 1915]}, {"key": "changes-in", "type": "definition", "offset": [1941, 1951]}, {"key": "prospectus-and-other-documents", "type": "clause", "offset": [1987, 2017]}, {"key": "used-in-this-agreement", "type": "clause", "offset": [2059, 2081]}, {"key": "refer-to", "type": "definition", "offset": [2088, 2096]}, {"key": "section-8", "type": "clause", "offset": [2148, 2157]}, {"key": "the-company-shall", "type": "clause", "offset": [2509, 2526]}, {"key": "business-day-period", "type": "clause", "offset": [2561, 2580]}, {"key": "purchase-of", "type": "clause", "offset": [2602, 2613]}, {"key": "any-non", "type": "clause", "offset": [2828, 2835]}, {"key": "to-the-company", "type": "clause", "offset": [2931, 2945]}, {"key": "action-taken", "type": "definition", "offset": [2981, 2993]}, {"key": "in-respect-of", "type": "clause", "offset": [3061, 3074]}, {"key": "such-underwriter", "type": "clause", "offset": [3090, 3106]}], "size": 365, "samples": [{"hash": "fgMDtkI849g", "uri": "/contracts/fgMDtkI849g#increase-in-underwriters-commitments", "label": "Underwriting Agreement (Lecg Corp)", "score": 19.0, "published": true}, {"hash": "cU61og6pELP", "uri": "/contracts/cU61og6pELP#increase-in-underwriters-commitments", "label": "Underwriting Agreement (Hersha Hospitality Trust)", "score": 19.0, "published": true}, {"hash": "beDxXMEsOzC", "uri": "/contracts/beDxXMEsOzC#increase-in-underwriters-commitments", "label": "Underwriting Agreement (Otter Tail Corp)", "score": 19.0, "published": true}], "hash": "ffbece93963013c13f2b545fdbd97a55", "id": 2}, {"snippet": "If any Underwriter shall default at the Closing Time or on any Option Closing Time in its obligation to take up and pay for the Shares to be purchased by it under this Agreement on such date, the Representative shall have the right, within 36 hours after such default, to make arrangements for one or more of the non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Shares which such Underwriter shall have agreed but failed to take up and pay for (the \u201cDefaulted Shares\u201d). Absent the completion of such arrangements within such 36-hour period, (i) if the total number of Defaulted Shares does not exceed 10% of the total number of Shares to be purchased on such date, each non-defaulting Underwriter shall take up and pay for (in addition to the number of Shares which it is otherwise obligated to purchase on such date pursuant to this Agreement) the portion of the total number of Shares agreed to be purchased by the defaulting Underwriter on such date in the proportion that its underwriting obligations hereunder bears to the underwriting obligations of all non-defaulting Underwriters; and (ii) if the total number of Defaulted Shares exceeds 10% of such total, the Representative may terminate this Agreement by notice to the Company, without liability of any party to any other party except that the provisions of Sections 5 and 9 hereof shall at all times be effective and shall survive such termination. Without relieving any defaulting Underwriter from its obligations hereunder, the Company agrees with the non-defaulting Underwriters that it will not sell any Shares hereunder on such date unless all of the Shares to be purchased on such date are purchased on such date by the Underwriters (or by substituted Underwriters selected by the Representative with the approval of the Company or selected by the Company with the approval of the Representative). If a new Underwriter or Underwriters are substituted for a defaulting Underwriter in accordance with the foregoing provision, the Company or the non-defaulting Underwriters shall have the right to postpone the Closing Time or the relevant Option Closing Time for a period not exceeding five business days in order that any necessary changes in the Registration Statement and Prospectus and other documents may be effected.", "snippet_links": [{"key": "at-the-closing-time", "type": "clause", "offset": [33, 52]}, {"key": "option-closing-time", "type": "definition", "offset": [63, 82]}, {"key": "obligation-to-take", "type": "clause", "offset": [90, 108]}, {"key": "pay-for", "type": "definition", "offset": [116, 123]}, {"key": "the-shares", "type": "clause", "offset": [124, 134]}, {"key": "the-representative", "type": "clause", "offset": [192, 210]}, {"key": "the-right", "type": "clause", "offset": [222, 231]}, {"key": "the-non", "type": "clause", "offset": [309, 316]}, {"key": "defaulting-underwriters", "type": "clause", "offset": [317, 340]}, {"key": "other-underwriters", "type": "definition", "offset": [349, 367]}, {"key": "such-underwriter", "type": "clause", "offset": [429, 445]}, {"key": "have-agreed", "type": "clause", "offset": [452, 463]}, {"key": "defaulted-shares", "type": "definition", "offset": [504, 520]}, {"key": "completion-of", "type": "definition", "offset": [535, 548]}, {"key": "the-total", "type": "clause", "offset": [602, 611]}, {"key": "number-of-shares-to-be-purchased", "type": "clause", "offset": [672, 704]}, {"key": "in-addition-to-the", "type": "clause", "offset": [778, 796]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [871, 897]}, {"key": "agreed-to", "type": "definition", "offset": [941, 950]}, {"key": "underwriting-obligations", "type": "clause", "offset": [1034, 1058]}, {"key": "obligations-of", "type": "clause", "offset": [1095, 1109]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [1242, 1266]}, {"key": "notice-to-the-company", "type": "definition", "offset": [1270, 1291]}, {"key": "liability-of", "type": "clause", "offset": [1301, 1313]}, {"key": "other-party", "type": "clause", "offset": [1331, 1342]}, {"key": "the-provisions-of", "type": "clause", "offset": [1355, 1372]}, {"key": "sections-5", "type": "clause", "offset": [1373, 1383]}, {"key": "at-all-times", "type": "definition", "offset": [1403, 1415]}, {"key": "the-company-agrees", "type": "clause", "offset": [1542, 1560]}, {"key": "by-the-underwriters", "type": "clause", "offset": [1735, 1754]}, {"key": "substituted-underwriters", "type": "clause", "offset": [1762, 1786]}, {"key": "approval-of-the-company", "type": "definition", "offset": [1827, 1850]}, {"key": "by-the-company", "type": "clause", "offset": [1863, 1877]}, {"key": "in-accordance-with", "type": "definition", "offset": [2002, 2020]}, {"key": "the-foregoing", "type": "definition", "offset": [2021, 2034]}, {"key": "right-to", "type": "clause", "offset": [2108, 2116]}, {"key": "relevant-option", "type": "definition", "offset": [2150, 2165]}, {"key": "days-in", "type": "definition", "offset": [2220, 2227]}, {"key": "changes-in", "type": "definition", "offset": [2253, 2263]}, {"key": "prospectus-and-other-documents", "type": "clause", "offset": [2295, 2325]}], "size": 356, "samples": [{"hash": "rvBCpyMsBQ", "uri": "/contracts/rvBCpyMsBQ#increase-in-underwriters-commitments", "label": "Underwriting Agreement (ConnectOne Bancorp, Inc.)", "score": 27.9514026642, "published": true}, {"hash": "c2aJrR9S1xo", "uri": "/contracts/c2aJrR9S1xo#increase-in-underwriters-commitments", "label": "Underwriting Agreement (Legacy Housing Corp)", "score": 27.9117050171, "published": true}, {"hash": "6oRdxMbuRT3", "uri": "/contracts/6oRdxMbuRT3#increase-in-underwriters-commitments", "label": "Underwriting Agreement (NMI Holdings, Inc.)", "score": 24.8329906464, "published": true}], "hash": "2d3651c1db8fd5c5aaf362ad32bf702d", "id": 3}, {"snippet": "If any Underwriter shall default in its obligation to take up and pay for the Securities to be purchased by it under any Terms Agreement and if the principal amount of Securities which all Underwriters so defaulting shall have agreed but failed to take up and pay for does not exceed 10% of the total principal amount of Securities agreed to be purchased pursuant to such Terms Agreement, the non-defaulting Underwriters shall take up and pay for (in addition to the principal amount of Securities they are obligated to purchase pursuant to such Terms Agreement) the principal amount of Securities agreed to be purchased by all such defaulting Underwriters, as hereinafter provided. Such Securities shall be taken up and paid for by such non- defaulting Underwriter or Underwriters, as hereinafter provided. Such Securities shall be taken up and paid for by such non-defaulting Underwriter or Underwriters in such amount or amounts as you may designate with the consent of each Underwriter so designated or, in the event no such designation is made, such Securities shall be taken up and paid for by all non-defaulting Underwriters pro rata in proportion to the principal amount of Securities they have agreed to purchase under such Terms Agreement. Without relieving any defaulting Underwriter from its obligations hereunder, the Company agrees with the non-defaulting Underwriters that it will not sell any Securities under any Terms Agreement unless all of the Securities under such Terms Agreement are purchased by the Underwriters (or by substituted Underwriters selected by you with the approval of the Company or selected by the Company with your approval). If a new Underwriter or Underwriters are substituted by the Underwriters or by the Company for a defaulting Underwriter or Underwriters in accordance with the foregoing provision, the Company or you shall have the right to postpone the time of purchase for a period not exceeding five business days in order that any necessary changes in the Registration Statement and Prospectus and other documents may be effected. The term Underwriter as used in this Agreement shall refer to and include any Underwriter substituted under this Section 7.", "snippet_links": [{"key": "obligation-to-take", "type": "clause", "offset": [40, 58]}, {"key": "pay-for", "type": "definition", "offset": [66, 73]}, {"key": "securities-to-be-purchased", "type": "clause", "offset": [78, 104]}, {"key": "terms-agreement", "type": "definition", "offset": [121, 136]}, {"key": "amount-of-securities", "type": "clause", "offset": [158, 178]}, {"key": "have-agreed", "type": "clause", "offset": [222, 233]}, {"key": "total-principal-amount", "type": "definition", "offset": [295, 317]}, {"key": "agreed-to", "type": "definition", "offset": [332, 341]}, {"key": "pursuant-to-such", "type": "clause", "offset": [355, 371]}, {"key": "the-non", "type": "clause", "offset": [389, 396]}, {"key": "defaulting-underwriters", "type": "clause", "offset": [397, 420]}, {"key": "in-addition-to-the", "type": "clause", "offset": [448, 466]}, {"key": "consent-of", "type": "clause", "offset": [962, 972]}, {"key": "in-the-event", "type": "clause", "offset": [1008, 1020]}, {"key": "pro-rata", "type": "definition", "offset": [1132, 1140]}, {"key": "the-company-agrees", "type": "clause", "offset": [1327, 1345]}, {"key": "by-the-underwriters", "type": "clause", "offset": [1516, 1535]}, {"key": "substituted-underwriters", "type": "clause", "offset": [1543, 1567]}, {"key": "approval-of-the-company", "type": "definition", "offset": [1593, 1616]}, {"key": "by-the-company-for", "type": "clause", "offset": [1741, 1759]}, {"key": "in-accordance-with", "type": "definition", "offset": [1801, 1819]}, {"key": "the-foregoing", "type": "definition", "offset": [1820, 1833]}, {"key": "right-to", "type": "clause", "offset": [1879, 1887]}, {"key": "time-of-purchase", "type": "clause", "offset": [1901, 1917]}, {"key": "days-in", "type": "definition", "offset": [1959, 1966]}, {"key": "changes-in", "type": "definition", "offset": [1992, 2002]}, {"key": "prospectus-and-other-documents", "type": "clause", "offset": [2034, 2064]}, {"key": "the-term", "type": "definition", "offset": [2082, 2090]}, {"key": "used-in-this-agreement", "type": "clause", "offset": [2106, 2128]}, {"key": "refer-to", "type": "definition", "offset": [2135, 2143]}, {"key": "this-section-7", "type": "clause", "offset": [2190, 2204]}], "size": 32, "samples": [{"hash": "gxsVP5bVbWg", "uri": "/contracts/gxsVP5bVbWg#increase-in-underwriters-commitments", "label": "Underwriting Agreement (Universal Corp /Va/)", "score": 16.0, "published": true}], "hash": "49836f593631887a9530b4e2c0a4c896", "id": 4}, {"snippet": "Subject to Sections 6 and 7 hereof, if any Underwriter shall default in its obligation to take up and pay for the Firm Units to be purchased by it hereunder (otherwise than for a failure of a condition set forth in Section 6 hereof or a reason sufficient to justify the termination of this Agreement under the provisions of Section 7 hereof) and if the number of Firm Units which all Underwriters so defaulting shall have agreed but failed to take up and pay for does not exceed 10% of the total number of Firm Units, the non-defaulting Underwriters shall be obligated to take up and pay for (in addition to the aggregate number of Firm Units they are obligated to purchase pursuant to Section 1 hereof) the number of Firm Units agreed to be purchased by all such defaulting Underwriters, as hereinafter provided. Such Units shall be taken up and paid for by such non-defaulting Underwriter or Underwriters in such amount or amounts as you may designate with the consent of each Underwriter so designated or, in the event no such designation is made, such Units shall be taken up and paid for by all non-defaulting Underwriters pro rata in proportion to the aggregate number of Firm Units set forth opposite the names of such non-defaulting Underwriters in Schedule A. Without relieving any defaulting Underwriter from its obligations hereunder, the Partnership agrees with the non-defaulting Underwriters that it will not sell any Firm Units hereunder unless all of the Firm Units are purchased by the Underwriters (or by substituted Underwriters selected by you with the approval of the Partnership or selected by the Partnership with your approval). If a new Underwriter or Underwriters are substituted by the Underwriters or by the Partnership for a defaulting Underwriter or Underwriters in accordance with the foregoing provision, the Partnership or you shall have the right to postpone the time of purchase for a period not exceeding five business days in order that any necessary changes in the Registration Statement and Final Prospectus and other documents may be effected. The term Underwriter as used in this Agreement shall refer to and include any Underwriter substituted under this Section 8 with like effect as if such substituted Underwriter had originally been named in Schedule A. If the aggregate number of Firm Units which the defaulting Underwriter or Underwriters agreed to purchase exceeds 10% of the total number of Units which all Underwriters agreed to purchase hereunder, and if neither the non-defaulting Underwriters nor the Partnership shall make arrangements within the five business day period stated above for the purchase of all the Firm Units which the defaulting Underwriter or Underwriters agreed to purchase hereunder, this Agreement shall terminate without further act or deed and without any liability on the part of the Partnership to any non-defaulting Underwriter and without any liability on the part of any non-defaulting Underwriter to the Partnership. 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{"key": "action-taken", "type": "definition", "offset": [3034, 3046]}, {"key": "in-respect-of", "type": "clause", "offset": [3114, 3127]}, {"key": "such-underwriter", "type": "clause", "offset": [3143, 3159]}], "size": 6, "samples": [{"hash": "90FoeLgjnOb", "uri": "/contracts/90FoeLgjnOb#increase-in-underwriters-commitments", "label": "Underwriting Agreement (Buckeye Partners L P)", "score": 18.0, "published": true}], "hash": "d163544cdbbcff6098643b80ac7167aa", "id": 5}, {"snippet": "If any Underwriter shall default in its obligation to take up and pay for the Purchased Securities to be purchased by it under any Terms Agreement and if the principal amount of Purchased Securities which all Underwriters so defaulting shall have so failed to take up and pay for does not exceed 10% of the total principal amount of Purchased Securities agreed to be purchased pursuant to such Terms Agreement, the non-defaulting Underwriters shall take up and pay for (in addition to the principal amount of 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488]}], "size": 3, "samples": [{"hash": "ldexSoF69Ct", "uri": "/contracts/ldexSoF69Ct#increase-in-underwriters-commitments", "label": "Underwriting Agreement (Coastal Corp)", "score": 18.0, "published": true}, {"hash": "ArXe9o2Dcv", "uri": "/contracts/ArXe9o2Dcv#increase-in-underwriters-commitments", "label": "Underwriting Agreement (Coastal Corp)", "score": 18.0, "published": true}], "hash": "7e32c18886e6ad0262770156749d9089", "id": 6}, {"snippet": "If any Underwriter shall default at the Closing Time or on a Date of Delivery in its obligation to take up and pay for the Shares to be purchased by it under this Agreement on such date, the Representatives shall have the right, within 36 hours after such default, to make arrangements for one or more of the non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Shares which such Underwriter shall have agreed but failed to take up and pay for (the \"Defaulted Shares\"). Absent the completion of such arrangements within such 36-hour period, (i) if the total number of Defaulted Shares does not exceed 10% of the total number of Shares to be purchased on such date, each non-defaulting Underwriter shall take up and pay for (in addition to the number of Shares which it is otherwise obligated to purchase on such date pursuant to this Agreement) the portion of the total number of Shares agreed to be purchased by the defaulting Underwriter on such date in the proportion that its underwriting obligations hereunder bears to the underwriting obligations of all non-defaulting Underwriters; and", "snippet_links": [{"key": "at-the-closing-time", "type": "clause", "offset": [33, 52]}, {"key": "date-of-delivery", "type": "clause", "offset": [61, 77]}, {"key": "obligation-to-take", "type": "clause", "offset": [85, 103]}, {"key": "pay-for", "type": "definition", "offset": [111, 118]}, {"key": "the-shares", "type": "clause", "offset": [119, 129]}, {"key": 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Typically, this clause allows for the allocation of additional securities to underwriters if other parties withdraw or if there is an overallotment option, such as a greenshoe. In practice, it ensures that the offering can proceed smoothly even if some underwriters are unable or unwilling to fulfill their original commitments, thereby maintaining the integrity and success of the capital-raising process."}, "json": true, "cursor": ""}}