Common use of No Sales of Similar Securities Clause in Contracts

No Sales of Similar Securities. Subject to the immediately following sentence, the Company agrees that during the period beginning on the date of the applicable Terms Agreement and continuing to and including the related Closing Time, not to offer, sell, contract to sell or otherwise dispose of any debt securities of the Company that mature more than one year after the Closing Time and which are substantially similar to the Offered Securities. Notwithstanding the restriction contained in the immediately preceding sentence, the Company may: (i) sell its commercial paper in the ordinary course of business and (ii) issue and sell debt securities pursuant to the Distribution Agreement, dated as of August 23, 2002, by and between the Company and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as agent.

No Sales of Similar Securities. Subject to the immediately following sentence, the Company agrees that during the period beginning on the date of the applicable Terms Agreement and continuing to and including the related Closing Time, not to offer, sell, contract to sell or otherwise dispose of any debt securities of the Company that mature more than one year after the Closing Time and which are substantially similar to the Offered Securities. Notwithstanding the restriction contained in the immediately preceding sentence, the Company may: (i) sell its commercial paper in the ordinary course of business and (ii) issue and sell debt securities pursuant to the Distribution Agreement, dated as of August 23, 2002, by and between the Company and Merrill Xxxxxxx Lynch, Pierce, Fenner Xxxxxx & Smith Xxxxx Incorporated, as agent.

No Sales of Similar Securities. Subject to the immediately following sentence, the Company agrees that during the period beginning on the date of the applicable Terms this Agreement and continuing to and including the related Closing Time, not to offer, sell, contract to sell or otherwise dispose of any debt securities of the Company that mature more than one year after the Closing Time and which are substantially similar to the Offered Securities. Notwithstanding the restriction contained in the immediately preceding sentence, the Company may: (i) sell its commercial paper in the ordinary course of business and (ii) issue and sell debt securities pursuant to the Distribution Agreement, dated as of August 23, 2002, by and between the Company and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as agent.