Common use of Offer and Sale Procedures Clause in Contracts

Offer and Sale Procedures. The Purchaser and the Company hereby establish and agree to observe the following procedures in connection with the offer and sale of the Preference Securities: (i) Offers and Sales only to Qualified Institutional Buyers. Offers and sales of the Preference Securities shall only be made to persons whom the offeror or seller reasonably believes to be qualified institutional buyers (as defined in Rule 144A under the 1933 Act). The Purchaser agrees that it will not offer, sell or deliver any of the Preference Securities in any jurisdiction except under circumstances that will result in compliance with the applicable laws thereof, and that it will take at its own expense whatever action is required to permit its purchase and resale of the Preference Securities in such jurisdictions.

Offer and Sale Procedures. The Purchaser Each of the Initial Purchasers and the Company hereby establish and agree to observe the following procedures in connection with the offer and sale of the Preference Securities: (i) Offers and Sales only to Qualified Institutional Buyers. Offers and sales of the Preference Securities shall only be made to persons whom the offeror or seller reasonably believes to be qualified institutional buyers (as defined in Rule 144A under the 1933 Act). The Each Initial Purchaser agrees that it will not offer, sell or deliver any of the Preference Securities in any jurisdiction except under circumstances that will result in compliance with the applicable laws thereof, and that it will take at its own expense whatever action is required to permit its purchase and resale of the Preference Securities in such jurisdictions.