Defaulting Underwriter definition
Examples of Defaulting Underwriter in a sentence
Nothing herein shall be deemed to relieve any Defaulting Underwriter from any liability it may have to the Company or the other Underwriter by reason of its failure to take up and pay for Certificates as agreed by such Defaulting Underwriter.
Nothing contained herein shall relieve the Defaulting Underwriter from any and all liabilities to the Seller, the Company, NFI and the Performing Underwriters resulting from the default of the Defaulting Underwriter.
No action taken pursuant to this Section shall relieve any Defaulting Underwriter from liability in respect of its default.
Nothing herein shall be deemed to relieve any Defaulting Underwriter from any liability it may have to the Company or the other Underwriters by reason of its failure to take up and pay for Certificates as agreed by such Defaulting Underwriter.
In the event of any such termination, the Company shall not be under any liability to any Underwriter (except to the extent provided in Section 5(g), Section 8 and Section 9 hereof), nor shall any Underwriter (other than the Defaulting Underwriter) be under any liability to the Company (except to the extent provided in Sections 8 and 9 hereof).
Nothing contained herein shall relieve the Defaulting Underwriter from any and all liabilities to the Sponsor, the Depositor, NFI and the Performing Underwriters resulting from the default of such Defaulting Underwriter.
If any of the Underwriters defaults in its obligations to purchase the Offered Certificates offered to it hereunder (such Underwriter, the "Defaulting Underwriter"), then the remaining Underwriters (the "Performing Underwriters") shall have the option, but not the obligation, to purchase all, but not less than all, of the Offered Certificates offered to the Defaulting Underwriter.
If any of the Underwriters defaults in its obligations to purchase the Underwritten Certificates offered to it hereunder (such Underwriter, the “Defaulting Underwriter”), then the remaining Underwriters (the “Performing Underwriters”) shall have the option, but not the obligation, to purchase all, but not less than all, of the Underwritten Certificates offered to the Defaulting Underwriter.
If any of the Underwriters defaults in its obligations to purchase the Offered Certificates offered to it hereunder (such Underwriter, the “Defaulting Underwriter”), then the remaining Underwriters (the “Performing Underwriters”) shall have the option, but not the obligation, to purchase all, but not less than all, of the Offered Certificates offered to the Defaulting Underwriter.
Nothing herein shall be deemed to relieve any Defaulting Underwriter from any liability it may have to the Company or the other Underwriter(s) by reason of its failure to take up and pay for Certificates as agreed by such Defaulting Underwriter.