Exercise of Termination Rights. The rights of termination contained in Sections 16.1, 16.2, 16.3 and 16.4 are in addition to any other rights or remedies that the Underwriter may have in respect of any default, act or failure to act or non-compliance by the Selling Shareholder or the Company in respect of any of the matters contemplated by this Agreement or otherwise. In the event of any such termination, there shall be no further liability on the part of the Underwriter to the Selling Shareholder or the Company or on the part of the Selling Shareholder or the Company to the Underwriter, except in respect of any liability which may have arisen prior to or arise after such termination under Sections 17, 18 and 20.
Appears in 3 contracts
Sources: Underwriting Agreement (BRP Inc.), Underwriting Agreement (BRP Inc.), Underwriting Agreement (BRP Inc.)
Exercise of Termination Rights. The rights of termination contained in Sections 16.1sections 9(a), 16.2(b), 16.3 (c) or (d) of this Agreement may be exercised by the Underwriter; and 16.4 such rights of termination are in addition to any other rights or remedies that the Underwriter may have in respect of any default, act or failure to act or non-compliance by the Selling Shareholder or the Company Corporation in respect of any of the matters contemplated by this Agreement or otherwise. In the event of any such termination, there shall be no further liability on the part of the Underwriter to the Selling Shareholder or the Company Corporation or on the part of the Selling Shareholder or the Company Corporation to the Underwriter, Underwriter except in respect of any liability which may have arisen prior to or may arise after such termination under Sections 17, 18 and 2010 or 12 of this Agreement.
Appears in 2 contracts
Sources: Underwriting Agreement, Underwriting Agreement
Exercise of Termination Rights. The rights of termination contained in Sections 16.1, 16.2, 16.3 and 16.4 are in addition to any other rights or remedies that the Underwriter may have in respect of any default, act or failure to act or non-compliance by the Selling Shareholder Shareholders or the Company in respect of any of the matters contemplated by this Agreement or otherwise. In the event of any such termination, there shall be no further liability on the part of the Underwriter to the Selling Shareholder Shareholders or the Company or on the part of the Selling Shareholder Shareholders or the Company to the Underwriter, except in respect of any liability which may have arisen prior to or arise after such termination under Sections 17, 18 and 20.
Appears in 1 contract
Sources: Underwriting Agreement (BRP Inc.)