Common use of Effect of Termination Hereunder Clause in Contracts

Effect of Termination Hereunder. Any termination of this Agreement pursuant to this Section 10 shall be without liability of any character (including, but not limited to, loss of anticipated profits or consequential damages) on the part of any party thereto, except that the Company shall remain obligated to reimburse the Representative only for its out-of-pocket expenses on an accountable basis for all expenses provided to be paid by the Company, as specified in Subsections 4.02 and 6.07 and any costs, expenses, losses, claims, damages and liabilities as specified in Subsection 7.01. The Representative agrees to reimburse the Company for any unexpended portion of any previously advanced expense allowance not accounted for. The Representative and the several Underwriters shall remain liable to pay the costs and expenses, losses, claims, damages and liabilities in subsection 7.02.