Common use of Liability on Default Clause in Contracts

Liability on Default. No Underwriter or U.S. Affiliate shall be liable to the Corporation under this Section with respect to a breach or default by any of the other Underwriters or their U.S. Affiliates or any selling group members appointed by such other Underwriters or U.S. Affiliates.

Appears in 2 contracts

Sources: Underwriting Agreement, Underwriting Agreement

Liability on Default. No Neither the Underwriter or nor any U.S. Affiliate shall be liable to the Corporation under this Section section with respect to a breach or default by any of the other Underwriters or their U.S. Affiliates or nor by any selling group members appointed by such other Underwriters or U.S. Affiliatesthe other.

Appears in 1 contract

Sources: Underwriting Agreement (Prophecy Development Corp.)