Common use of PURCHASE BY THE UNDERWRITERS Clause in Contracts

PURCHASE BY THE UNDERWRITERS. On the basis of the representations, warranties and agreements contained herein, and subject to the terms and conditions set forth herein, the Depositor agrees to cause the Issuer to sell to each of the Underwriters, severally and not jointly, and each of the Underwriters, severally and not jointly, agrees to purchase from the Depositor, the respective principal amount of Certificates set forth opposite the name of such Underwriter in Schedule 1 hereto at a purchase price equal to (i) with respect to the Class A Certificates, ____% of the principal amount thereof, and (ii) with respect to the Class B Certificates, ____% of the principal amount thereof. The Depositor shall not be obligated to deliver any of the Certificates except upon payment in full for all the Certificates to be purchased as provided herein.