Common use of PURCHASE AND SALE OF PREFERRED SECURITIES Clause in Contracts

PURCHASE AND SALE OF PREFERRED SECURITIES. 1.1 Upon the execution of this Agreement, the Purchaser hereby agrees to purchase Preferred Securities from the Trust at a price equal to $1,000 per Preferred Security (the “Purchase Price”), which Purchase Price is equal to TEN MILLION ($10,000,000) DOLLARS, and the Trust agrees to sell such Preferred Securities to the Purchaser for said Purchase Price. The rights and preferences of the Preferred Securities are set forth in the Trust Agreement. The closing of the sale and purchase of the Preferred Securities by the Offerors to the Purchaser shall occur on December 28, 2004 or such other later date as the parties may designate (the “Closing Date”) The Purchase Price is payable in immediately available funds on the Closing Date. The Offerors shall provide the Purchaser payment instructions no later than two (2) days prior to the Closing Date.

PURCHASE AND SALE OF PREFERRED SECURITIES. 1.1 Upon the execution of this Agreement, the Purchaser hereby agrees to purchase Preferred Securities from the Trust Preferred Securities at a price equal to $1,000 per Preferred Security (the “Purchase Price”), which Purchase Price is equal to TEN MILLION ($10,000,000) DOLLARS, and the Trust agrees to sell such Preferred Securities to the Purchaser for said Purchase Price. The rights and preferences of the Preferred Securities are set forth in the Trust Agreement. The closing of the sale and purchase of the Preferred Securities by the Offerors to the Purchaser shall occur on December 28September 20, 2004 2004, or such other later date as the parties may designate (the “Closing Date”) The Purchase Price is payable in immediately available funds on the Closing Date. The Offerors shall provide the Purchaser payment instructions no later than two (2) days prior to the Closing Date.

PURCHASE AND SALE OF PREFERRED SECURITIES. 1.1 Upon the execution of this Agreement, the Purchaser hereby agrees to purchase Preferred Securities from the Trust at a price equal to $1,000 per Preferred Security (the “"Purchase Price”"), which Purchase Price is equal to TEN MILLION THIRTY Million ($10,000,00030,000,000) DOLLARSDollars, and the Trust agrees to sell such Preferred Securities to the Purchaser for said Purchase Price. The rights and preferences of the Preferred Securities are set forth in the Trust Agreement. The closing of the sale and purchase of the Preferred Securities by the Offerors to the Purchaser shall occur on December 28November 1, 2004 2004, or such other later date as the parties may designate (the “"Closing Date”") The Purchase Price is payable in immediately available funds on the Closing Date. The Offerors shall provide the Purchaser payment instructions no later than two (2) days prior to the Closing Date.

PURCHASE AND SALE OF PREFERRED SECURITIES. 1.1 Upon the execution of this Agreement, the Purchaser hereby agrees to purchase purchase, directly or indirectly, from the Trust, Preferred Securities from the Trust at a price equal to $1,000 per Preferred Security for an aggregate purchase price equal to TWENTY-FIVE MILLION ($25,000,000) DOLLARS (the “Purchase Price”), which Purchase Price is equal to TEN MILLION ($10,000,000) DOLLARS, and the Trust agrees to sell such Preferred Securities to the Purchaser for said Purchase Price. The rights and preferences of the Preferred Securities are set forth in the Trust Agreement. The closing of the sale and purchase of the Preferred Securities by the Offerors to the Purchaser shall occur on December 28May 31, 2004 2005, or such other later date (not later than June 29, 2005) as the parties may designate (the “Closing Date”) ). The Purchase Price is payable in immediately available funds on the Closing Date. The Offerors shall provide the Purchaser payment instructions no later than two (2) days prior to the Closing Date.