Public Offering by the Underwriter. The Underwriter agrees to cause the Shares to be offered to the public initially at the price and under the terms set forth in the Registration Statement and Prospectus as soon, on or after the effective date of this Agreement, as the Underwriter deems advisable, but no more than five (5) full business days after such effective date. The Underwriter may allow such concessions and discounts upon sales to other dealers as set forth in the Registration Statement and Prospectus. The Underwriter agrees to notify the Company in writing when the offering is first made and when it is completed. After the completion of the initial public offering, the public offering price, the concessions and the reallowance may be changed by the Underwriter.
Public Offering by the Underwriter. It shall be a condition to the Issuer’s and the Underwriter’s respective obligations to sell and deliver, and to purchase, accept delivery of and pay for the Bonds that the entire principal amount of the Bonds shall be issued, sold and delivered by the Issuer and purchased, accepted and paid for by the Underwriter at the Closing. It is understood that the Underwriter proposes to offer the Bonds for sale to the public (which may include selected dealers and special purchasers) at prices or yields as set forth in Exhibit A hereto and on the inside cover page of the Official Statement. The Underwriter agrees to make a bona fide public offering of all of the Bonds initially at the public offering prices (or yields) set forth on Exhibit A attached hereto and incorporated herein by reference. Concessions from the public offering price may be allowed to selected dealers and special purchasers. It is understood that the initial public offering price and concessions set forth in the Official Statement may vary after the initial public offering. It is further understood that the Bonds may be offered to the public at prices other than the par value thereof. The net premium on the sale of the Bonds to the public, if any, shall accrue to the benefit of the Underwriter, provided, however, that the total amount of compensation paid to the Underwriter (including such premium) together with other costs of issuance paid from proceeds of the Bonds (or other tax-exempt obligations) shall not exceed two percent (2%) of the proceeds of such Bonds. It is understood by the Issuer that the Bonds have been sold by the Underwriter on a “best efforts” basis and that the Underwriter has no obligation to take any of the Bonds into its own account. In this regard, however, the Underwriter hereby represents to the Issuer that, as of the date of this Purchase Contract, the Underwriter has received orders for the purchase of all of the Bonds by third parties and accordingly, the Underwriter does not anticipate any need for any of the Bonds to be taken into its own account in order to consummate the sale contemplated under this Purchase Contract (including, without limitation, Section 1 of this Purchase Contract) by the Issuer of all of the Bonds.
Public Offering by the Underwriter. The Representative agrees to cause the Firm Securities to be offered to the public initially at the prices and under the terms set forth in the Prospectus as soon, on or after the effective date of this Agreement, as the Representative deems advisable. The Representative may allow such concessions and discounts upon sales to other dealers as set forth in the Prospectus. Each of the Underwriters represents, severally and not jointly, to the Company that it is currently a member in good standing of the National Association of Securities Dealers, Inc. and duly authorized to perform its obligations under this Agreement in all jurisdictions, states and countries where such Underwriter is required to perform such obligations under the terms and conditions of this Agreement, and that, during the period in which such Underwriter is participating in the Offering, the Underwriter shall use its reasonable best efforts to remain so authorized.
Public Offering by the Underwriter. The Representatives agree to cause the Firm Securities to be offered to the public initially at the prices and under the terms set forth in the Prospectus as soon, on or after the effective date of this Agreement, as the Representatives deem advisable. The Representatives may allow such concessions and discounts upon sales to other dealers as set forth in the Prospectus.
Public Offering by the Underwriter. It is understood that the Underwriter will make a public offering of the Firm Shares as soon as the Underwriter deems it advisable to do so. The Firm Shares will be initially offered to the public at the public offering price set forth in the Prospectus. The Underwriter may from time to time thereafter change the public offering price and other selling terms. To the extent, if at all, that any Option Shares are purchased pursuant to Section 3 hereof, the Underwriter will offer them to the public on the foregoing terms. The Underwriter shall make such public offering of the Firm Shares and, if the Underwriter shall exercise the Option, the Option Shares in compliance with federal and state securities laws.
Public Offering by the Underwriter. The Representatives agree to cause the Firm Securities to be offered to the public initially at the prices and under the terms set forth in the Prospectus as soon, on or after the effective date of this Agreement, as the Representatives deem advisable, but no more than five (5) full business days after such effective date. The Representatives may allow such concessions and discounts upon sales to other dealers as set forth in the Prospectus. The Representatives agree to notify the Company in writing when the such offering is first made and when it is completed. After the completion of the initial public offering, the public offering prices, the concessions and the allowances may be changed by the Representatives.
