Additional Termination Provisions definition
Additional Termination Provisions. The Underwriters may terminate this Terms Agreement, by notice to the Company at any time at or prior to the Closing Date if (i) trading is suspended or materially limited on, or by, as the case may be, any of the Chicago Board of Options Exchange, the Chicago Mercantile Exchange or the Chicago Board of Trade, (ii) a material disruption in securities settlement, payment or clearance services in the United States shall have occurred, or (iii) there shall have occurred any outbreak or escalation of hostilities, or any change in financial markets or any calamity or crisis that, in ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co. Incorporated's judgment, is material and adverse and which, singly or together with any other event specified in this clause (iii), makes it, in ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co. Incorporated's judgment, impracticable or inadvisable to proceed with the offer, sale or delivery of the Underwritten Securities on the terms and in the manner contemplated in the Prospectus. If this Terms Agreement shall be terminated by any Underwriters, or any of them 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 Terms Agreement, or if for any reason the Company shall be unable to perform its obligations under this Terms Agreement, the Company will reimburse the Underwriters or such Underwriters as have so terminated this Terms Agreement with respect to themselves, severally, for all out-of-pocket expenses (including the fees and disbursements of their counsel) reasonably incurred by such Underwriters in connection with this Terms Agreement or the offering contemplated hereunder.
Examples of Additional Termination Provisions in a sentence
Credit Support Document: means, with respect to Bank, not applicable (except with respect to any documents executed in order to fulfill Bank’s obligations pursuant to Part 5 – Additional Termination Provisions above).
Credit Support Provider: means, with respect to Bank, not applicable (except with respect to any guarantor issuing a guaranty of Bank’s obligations pursuant to Part 5 – Additional Termination Provisions above).