Common use of TERMINATION BY PURCHASERS Clause in Contracts

TERMINATION BY PURCHASERS. If this Agreement shall be terminated by the Purchasers because of any failure or refusal on the part of the Company to comply with the terms or to fulfill any of the conditions of this Agreement, or if for any reason (other than those set forth in Article V) the Company shall be unable to perform its obligations under this Agreement, the Company will reimburse the Purchasers for all out-of-pocket expenses (including the fees and disbursements of counsel) reasonably incurred by such Purchasers in connection with the New Debentures. Except as provided herein, the Purchasers shall bear all of their expenses, including the fees and disbursements of counsel.

Appears in 28 contracts

Samples: California Incorporated Purchase Agreement (Gte California Inc), Purchase Agreement (Gte Florida Inc), Purchase Agreement (Gte Northwest Inc)

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TERMINATION BY PURCHASERS. If this Agreement shall be terminated by the Purchasers because of any failure or refusal on the part of the Company to comply with the terms or to fulfill any of the conditions of this Agreement, or if for any reason (other than those set forth in Article V) the Company shall be unable to perform its obligations under this Agreement, the Company will reimburse the Purchasers for all out-of-pocket expenses (including the fees and disbursements of counsel) reasonably incurred by such Purchasers in connection with the New DebenturesSecurities. Except as provided herein, the Purchasers shall bear all of their expenses, including the fees and disbursements of counsel.

Appears in 14 contracts

Samples: Purchase Agreement (Verizon Communications Inc), Form of Purchase Agreement (Verizon Communications Inc), Form of Purchase Agreement (Verizon Communications Inc)

TERMINATION BY PURCHASERS. If this Agreement shall be terminated by the Purchasers because of any failure or refusal on the part of the Company to comply with the terms or to fulfill any of the conditions of this Agreement, or if for any reason (other than those set forth in Article V) the Company shall be unable to perform its obligations under this Agreement, the Company will reimburse the Purchasers for all out-of-pocket expenses (including the fees and disbursements of counsel) reasonably incurred by such Purchasers in connection with the New DebenturesNotes. Except as provided herein, the Purchasers shall bear all of their expenses, including the fees and disbursements of counsel.

Appears in 8 contracts

Samples: Form of Purchase Agreement (Verizon Communications Inc), Purchase Agreement (Verizon Communications Inc), Form of Purchase Agreement (Verizon Communications Inc)

TERMINATION BY PURCHASERS. If this Agreement shall be terminated by the Purchasers because of any failure or refusal on the part of either of the Company Companies to comply with the terms or to fulfill any of the conditions of this Agreement, or if for any reason (other than those set forth in Article V) either of the Company Companies shall be unable to perform its obligations under this Agreement, the Company Companies will reimburse the Purchasers for all out-of-pocket expenses (including the fees and disbursements of counsel) reasonably incurred by such Purchasers in connection with the New DebenturesNotes. Except as provided herein, the Purchasers shall bear all of their expenses, including the fees and disbursements of counsel.

Appears in 3 contracts

Samples: Purchase Agreement (Verizon Communications Inc), Purchase Agreement (Verizon Communications Inc), Verizon Global Funding Corp /De/

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TERMINATION BY PURCHASERS. If this Agreement shall be terminated by the Purchasers because of any failure or refusal on the part of the Company to comply with the terms or to fulfill any of the conditions of this Agreement, or if for any reason (other than those set forth in Article V) the Company shall be unable to perform its obligations under this Agreement, the Company will reimburse the Purchasers for all out-of-pocket expenses (including the fees and disbursements of counsel) reasonably incurred by such Purchasers in connection with the New DebenturesNotes. Except as provided herein, the Purchasers shall bear all of their expenses, including the fees and disbursements of counsel.

Appears in 2 contracts

Samples: Form of Purchase Agreement (Verizon Communications Inc), Form of Purchase Agreement (Verizon Communications Inc)

TERMINATION BY PURCHASERS. If this Agreement shall be terminated by the Purchasers because of any failure or refusal on the part of the Company to comply with the terms or to fulfill any of the conditions of this Agreement, or if for any reason (other -7- than those set forth in Article V) the Company shall be unable to perform its obligations under this Agreement, the Company will reimburse the Purchasers for all out-of-pocket expenses (including the fees and disbursements of counsel) reasonably incurred by such Purchasers in connection with the New Debentures. Except as provided herein, the Purchasers shall bear all of their expenses, including the fees and disbursements of counsel.

Appears in 1 contract

Samples: California Incorporated Purchase Agreement (Gte California Inc)

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