Common use of Underwriter Clause in Contracts

Underwriter. No action taken pursuant to this Section shall relieve any defaulting U.S. Underwriter from liability in respect of its default. In the event of any such default which does not result in a termination of this Agreement or, in the case of a Date of Delivery which is after the Closing Time, which does not result in a termination of the obligation of the U.S. Underwriters to purchase and the Company to sell the relevant U.S. Option Securities, as the case may be, either (i) the U.S. Representatives or (ii) the Company or Bandag and the Selling Shareholder shall have the right to postpone Closing Time, or the Company or the U.S. Representatives shall have the right to postpone the relevant Date of Delivery, as the case may be, for a period not exceeding seven days in order to effect any required changes in the Registration Statement or Prospectus or in any other documents or arrangements. As used herein, the term "U.S. Underwriter" includes any person substituted for an Underwriter under this Section 10.

Underwriter. No action taken pursuant to this Section 10 shall relieve any defaulting U.S. Underwriter from liability in respect of its default. In the event of any such default which does not result in a termination of this Agreement or, in the case of a Date of Delivery which is after the Closing Time, which does not result in a termination of the obligation of the U.S. Underwriters to purchase and the Company to sell the relevant U.S. Option Securities, as the case may be, either (i) the U.S. Representatives or (ii) the Company or Bandag and the Selling Shareholder shall have the right to postpone the Closing Time, Time or the Company or the U.S. Representatives shall have the right to postpone the relevant Date of Delivery, as the case may be, for a period not exceeding seven days in order to 31 27 effect any required changes in the Registration Statement or Prospectus Prospectuses or in any other documents or arrangements. As used herein, the term "U.S. Underwriter" includes any person substituted for an a U.S. Underwriter under this Section 10.

Underwriter. No action taken pursuant to this Section shall relieve any defaulting U.S. Underwriter from liability in respect of its default. In the event of any such default which does not result in a termination of this Agreement or, in the case of a Date of Delivery which is after the Closing Time, which does not result in a termination of the obligation of the U.S. Underwriters to purchase and the Company and the Selling Shareholder to sell the relevant U.S. Option Securities, as the case may be, either (i) the U.S. Representatives or (ii) the Company or Bandag and the Selling Shareholder shall have the right to postpone Closing Time, Time or the Company or the U.S. Representatives shall have the right to postpone the relevant Date of Delivery, as the case may be, for a period not exceeding seven days in order to effect any required changes in the Registration Statement or Prospectus or in any other documents or arrangements. As used herein, the term "U.S. Underwriter" includes any person substituted for an a U.S. Underwriter under this Section 10.

Underwriter. No action taken pursuant to this Section shall relieve any defaulting U.S. Underwriter from liability in respect of its default. In the event of any such default which does not result in a termination of this Agreement or, in the case of a Date of Delivery which is after the Closing Time, which does not result in a termination of the obligation of the U.S. Underwriters to purchase and the Company to sell the relevant U.S. Option Securities, as the case may be, either (i) the U.S. Representatives or (ii) the Company or Bandag and the any Selling Shareholder shall have the right to postpone Closing Time, Time or the Company or the U.S. Representatives shall have the right to postpone the relevant Date of Delivery, as the case may be, for a period not exceeding seven days in order to effect any required changes in the Registration Statement or Prospectus or in any other documents or arrangements. As used herein, the term "U.S. Underwriter" includes any person substituted for an a U.S. Underwriter under this Section 10.

Underwriter. No action taken pursuant to this Section shall relieve any defaulting U.S. Underwriter from liability in respect of its default. In the event of any such default which does not result in a termination of this Agreement or, in the case of a Date of Delivery which is after the Closing Time, which does not result in a termination of the obligation of the U.S. Underwriters to purchase and the Company to sell the relevant U.S. Option Securities, as the case may be, either (i) the U.S. Representatives or (ii) the Company or Bandag and the any Selling Shareholder Stockholder shall have the right to postpone Closing Time, Time or the Company or the U.S. Representatives shall have the right to postpone the relevant Date of Delivery, as the case may be, for a period not exceeding seven days in order to effect any required changes in the Registration Statement or Prospectus or in any other documents or arrangements. As used herein, the term "U.S. Underwriter" includes any person substituted for an a U.S. Underwriter under this Section 10.

Underwriter. No action taken pursuant to this Section shall relieve any defaulting U.S. Underwriter from liability in respect of its default. In the event of any such default which does not result in a termination of this Agreement or, in the case of a Date of Delivery which is after the Closing Time, which does not result in a termination of the obligation of the U.S. Underwriters to purchase and the Company and the Selling Shareholders to sell the relevant U.S. Option Securities, as the case may be, either (i) the U.S. Representatives or (ii) the Company or Bandag and the any Selling Shareholder shall have the right to postpone Closing Time, Time or the Company or the U.S. Representatives shall have the right to postpone the relevant Date of Delivery, as the case may be, for a period not exceeding seven days in order to effect any required changes in the Registration Statement or Prospectus Prospectuses or in any other documents or arrangements. As used herein, the term "U.S. Underwriter" includes any person substituted for an a U.S. Underwriter under this Section 10.

Underwriter. No action taken pursuant to this Section shall relieve any defaulting U.S. Underwriter from liability in respect of its default. In the event of any such default which does not result in a termination of this Agreement or, in the case of a Date of Delivery which is after the Closing Time, which does not result in a termination of the obligation of the U.S. Underwriters to purchase and the Company to sell the relevant U.S. Option Securities, as the case may be, either (i) the U.S. Representatives or (ii) the Company or Bandag and the Attorney-in-Fact on behalf of the Selling Shareholder Shareholders shall have the right to postpone Closing Time, Time or the Company or the U.S. Representatives shall have the right to postpone the relevant Date of Delivery, as the case may be, for a period not exceeding seven days in order to effect any required changes in the Registration Statement or Prospectus Prospectuses or in any other documents or arrangements. As used herein, the term "U.S. Underwriter" includes any person substituted for an a U.S. Underwriter under this Section 10.

Underwriter. No action taken pursuant to this Section shall relieve any defaulting U.S. Underwriter from liability in respect of its default. In the event of any such default which does not result in a termination of this Agreement or, in the case of a Date of Delivery which is after the Closing Time, which does not result in a termination of the obligation of the U.S. Underwriters to purchase and the Company to sell the relevant U.S. Option Securities, as the case may be, either (i) the U.S. Representatives or (ii) the Company or Bandag and the any Selling Shareholder shall have the right to postpone Closing Time, Time or the Company or the U.S. Representatives shall have the right to postpone the relevant Date of Delivery, as the case may be, for a period not exceeding seven days in order to effect any required changes in the Registration Statement or U.S. Prospectus or in any other documents or arrangements. As used herein, the term "U.S. Underwriter" includes any person substituted for an U.S. Underwriter under this Section 10.

Underwriter. No action taken pursuant to this Section shall relieve any defaulting U.S. Underwriter from liability in respect of its default. In the event of any such default which does not result in a termination of this Agreement or, in the case of a Date of Delivery which is after the Closing Time, which does not result in a termination of the obligation of the U.S. Underwriters to purchase and the Company and the Selling Shareholders to sell the relevant U.S. Option Securities, as the case may be, either (i) the U.S. Representatives or (ii) the Company or Bandag and the Selling Shareholder Shareholders shall have the right to postpone Closing Time, Time or the Company or the U.S. Representatives shall have the right to postpone the relevant Date of Delivery, as the case may be, for a period not exceeding seven days in order to effect any required changes in the Registration Statement or Prospectus Prospectuses or in any other documents or arrangements. As used herein, the term "U.S. Underwriter" includes any person substituted for an a U.S. Underwriter under this Section 10Section.