Common use of Company’s Right to Terminate Clause in Contracts

Company’s Right to Terminate. In the event any action or proceeding of the type referred to in Section 10.2 above shall be instituted or threatened against the Underwriter at any time prior to the Effective Date hereunder, or in the event there shall be filed by or against the Underwriter in any court pursuant to any federal, state, local or municipal statute, a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee of its assets or if it makes an assignment for the benefit of creditors, the Company shall have the right on three days’ written notice to the Underwriter to terminate this Agreement without any liability to the Underwriter or the Company of any kind except for the payment of all expenses as provided herein.

Company’s Right to Terminate. In the event any action or proceeding of the type referred to in Section 10.2 above shall be instituted or threatened against the an Underwriter at any time prior to the Effective Date hereunder, or in the event there shall be filed by or against the an Underwriter in any court pursuant to any federal, state, local or municipal statute, a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee of its assets or if it makes an assignment for the benefit of creditors, the Company shall have the right on three days’ written notice to the Underwriter Underwriters to terminate this Agreement without any liability to the Underwriter Underwriters or the Company of any kind except for the payment of all expenses as provided herein.

Company’s Right to Terminate. In the event any action or proceeding of the type referred to in Section 10.2 subparagraph 10.02 above shall be instituted or threatened against the Underwriter at any time prior to the Effective Date effective date hereunder, or in the event there shall be filed by or against the Underwriter it in any court pursuant to any federal, state, local or municipal statute, a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee of its assets or if it makes an assignment for the benefit of creditors, the Company shall have the right on three days’ ' written notice to the Underwriter to terminate this Agreement without any liability to the Underwriter or the Company of any kind except for the payment of all expenses as provided herein.

Company’s Right to Terminate. In the event any action or proceeding of the type referred to in Section 10.2 subparagraph 9.02 above shall be instituted or threatened against the Underwriter Underwriters at any time prior to the Effective Date effective date hereunder, or in the event there shall be filed by or against the Underwriter it in any court pursuant to any federal, state, local or municipal statute, a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee of its assets or if it makes an assignment for the benefit of creditors, the Company shall have the right on three days’ ' written notice to the Underwriter Representative to terminate this Agreement without any liability to the Underwriter or the Company Underwriters of any kind except for the payment of all expenses as provided herein.

Company’s Right to Terminate. In the event any action or proceeding of the type referred to in Section 10.2 above shall be instituted or threatened against the Underwriter at any time prior to the Effective Date hereunder, or in the event there shall be filed by or against the Underwriter in any court pursuant to any federal, state, local or municipal statute, a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee of its assets or if it makes an assignment for the benefit of creditors, the Company shall have the right on three days’ ' written notice to the Underwriter to terminate this Agreement without any liability to the Underwriter or the Company of any kind except for the payment of all expenses as provided herein.

Company’s Right to Terminate. In the event any action or proceeding of the type referred to in Section 10.2 subparagraph 10.02 above shall be instituted or threatened against the Underwriter Underwriters at any time prior to the Effective Date effective date hereunder, or in the event there shall be filed by or against the Underwriter it in any court pursuant to any federal, state, local or municipal statute, a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee of its assets or if it makes an assignment for the benefit of creditors, the Company shall have the right on three days’ ' written notice to the Underwriter Representative to terminate this Agreement without any liability to the Underwriter or the Company Underwriters of any kind except for the payment of all expenses as provided herein.