Common use of Procedure for Rate Setting and Posting Clause in Contracts

Procedure for Rate Setting and Posting. The Company and the Agents will discuss, from time to time, the Maturities, the Issue Price and the interest rates to be borne by Notes that may be sold as a result of the solicitation of orders by the Agents. If the Company decides to set interest rates borne by any Notes in respect of which the Agents are to solicit orders (the setting of such interest rates to be referred to herein as “Posting”) or if the Company decides to change interest rates previously posted by it, it will promptly advise the Agents of the prices and interest rates to be posted. The Purchasing Agent will assign a separate CUSIP number for each series of Notes to be posted, and will so advise and notify the Company and the Trustee of said assignment by telephone and/or by fax or other form of electronic transmission. The Purchasing Agent will include the assigned CUSIP number on all Posting notices communicated to the Agents and Selected Dealers.

Appears in 3 contracts

Samples: Selling Agent Agreement (BAC Capital Trust XIII), Selling Agent Agreement (Bank of America Corp /De/), Selling Agent Agreement (Bank of America Corp /De/)

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Procedure for Rate Setting and Posting. The Company and the Agents Agent will discuss, from time to time, the Maturities, the Issue Price issue prices and the interest rates to be borne by Notes that may be sold as a result of the solicitation of orders by the AgentsAgent. If the Company decides to set interest rates borne by any Notes in respect of which the Agents are Agent is to solicit orders (the setting Setting of such interest rates to be referred to herein as “Posting”) or if the Company decides to change interest rates previously posted by itposted, it will promptly advise the Agents Agent of the prices and interest rates to be posted. The Purchasing Agent Company will assign a separate CUSIP number for each series tranche of Notes to be posted, and will so advise and notify the Company Trustee and the Trustee Agent of said assignment by telephone and/or by fax electronic transmission (including facsimile or other form of electronic e-mail transmission). The Purchasing Agent will will, in turn, include the assigned CUSIP number on all Posting notices communicated to the Agents and Selected Dealersselling group members.

Appears in 2 contracts

Samples: Distribution Agreement (Paccar Financial Corp), Distribution Agreement (Paccar Financial Corp)

Procedure for Rate Setting and Posting. The Company and the Agents will discuss, from time to time, the Maturities, the Issue Price and the interest rates to be borne by Notes that may be sold as a result of the solicitation of orders by the Agents. If the Company decides to set interest rates borne by any Notes in respect of which the Agents are to solicit orders (the setting of such interest rates to be referred to herein as “Posting”) or if the Company decides to change interest rates previously posted by it, it will promptly advise the Agents of the prices and interest rates to be posted. The Purchasing Agent will assign a separate CUSIP number for each series tranche of Notes to be posted, and will so advise and notify the Company and the Trustee of said assignment by telephone and/or by fax or other form of electronic transmission. The Purchasing Agent will include the assigned CUSIP number on all Posting notices communicated to the Agents and Selected Dealers.

Appears in 1 contract

Samples: Selling Agent Agreement (SLM Corp)

Procedure for Rate Setting and Posting. The Company and the Agents will discuss, from time to time, the Maturities, the Issue Price and the interest rates to be borne by Notes that may be sold as a result of the solicitation of orders by the Agents. If the Company decides to set interest rates borne by any Notes in respect of which the Agents are to solicit orders (the setting of such interest rates to be referred to herein as “Posting”) or if the Company decides to change interest rates previously posted by it, it will promptly advise the Agents of the prices and interest rates to be posted. The Purchasing Agent will assign a separate CUSIP number for each series tranche of Notes to be posted, and will so advise and notify the Company and the Trustee Securities Administrator of said assignment by telephone and/or by fax or other form of electronic transmission. The Purchasing Agent will include the assigned CUSIP number on all Posting notices communicated to the Agents and Selected Dealers.

Appears in 1 contract

Samples: Distribution Agreement (Royal Bank of Scotland Group PLC)

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Procedure for Rate Setting and Posting. The Company and the Agents will discuss, from time to time, the Maturities, the Issue Price and the interest rates to be borne by Notes that may be sold as a result of the solicitation of orders by the Agents. If the Company decides to set interest rates borne by any Notes in respect of which the Agents are to solicit orders (the setting of such interest rates to be referred to herein as "Posting") or if the Company decides to change interest rates previously posted by it, it will promptly advise the Agents of the prices and interest rates to be posted. The Purchasing Agent will assign a separate CUSIP number for each series tranche of Notes to be posted, and will so advise and notify the Company and the Trustee of said assignment by telephone and/or by fax or other form of electronic transmission. The Purchasing Agent will include the assigned CUSIP number on all Posting notices communicated to the Agents and Selected Dealers.

Appears in 1 contract

Samples: Selling Agent Agreement (Bank of America Corp /De/)

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