Common use of Purchase of the Securities Clause in Contracts

Purchase of the Securities. On the basis of the representations, warranties and agreements contained herein, and subject to the terms and conditions set forth herein, the Issuer agrees to issue and sell to each of the Underwriters, severally and not jointly, and each of the Underwriters, severally and not jointly, agrees to purchase from the Issuer, the principal amount of Class A-1 Notes set forth opposite the name of such Underwriter on Schedule 1 hereto at a purchase price equal to [ ]% of the principal amount thereof and the principal amount of Class A-2 Notes set forth opposite the name of such Underwriter on Schedule 1 hereto at a purchase price equal to [ ]% of the principal amount thereof. Interest on the Class A-1 Notes will accrue during each Series 2003-1 Interest Period at the rate of [ ]% per annum above One-Month LIBOR and interest on the Class A-2 Notes will accrue during each Series 2003-1 Interest Period at the rate of [ ]% per annum above One-Month LIBOR, in each case as determined in accordance with the Indenture. The Issuer shall not be obligated to deliver any of the Securities except upon payment for all of the Securities to be purchased as provided herein.

Appears in 1 contract

Samples: Underwriting Agreement (Peterson D L Trust)

AutoNDA by SimpleDocs

Purchase of the Securities. On the basis of the representations, warranties and agreements contained herein, and subject to the terms and conditions set forth herein, the Issuer agrees to issue and sell to each of the Underwriters, severally and not jointly, and each of the Underwriters, severally and not jointly, agrees to purchase from the Issuer, the principal amount of Class A-1 Notes set forth opposite the name of such Underwriter on Schedule 1 hereto at a purchase price equal to [ ]_____% of the principal amount thereof and the principal amount of Class A-2 Notes set forth opposite the name of such Underwriter on Schedule 1 2 hereto at a purchase price equal to [ ]____% of the principal amount thereof. Interest on the Class A-1 Notes will accrue during each Series 20032001-1 Interest Period at the rate of [ ]% .__% per annum above One-Month LIBOR and interest on the Class A-2 Notes will accrue during each Series 20032001-1 Interest Period at the rate of [ ]% .__% per annum above One-Month LIBOR, in each case as determined in accordance with the Indenture. The Issuer shall not be obligated to deliver any of the Securities except upon payment for all of the Securities to be purchased as provided herein.

Appears in 1 contract

Samples: Underwriting Agreement (Greyhound Funding LLC)

Purchase of the Securities. On the basis of the representations, warranties and agreements contained herein, and subject to the terms and conditions set forth herein, the Issuer agrees to issue and sell to each of the Underwriters, severally and not jointly, and each of the Underwriters, severally and not jointly, agrees to purchase from the Issuer, the principal amount of Class A-1 Notes set forth opposite the name of such Underwriter on Schedule 1 hereto at a purchase price equal to [ ]% of the principal amount thereof, the principal amount of Class A-2 Notes set forth opposite the name of such Underwriter on Schedule 1 hereto at a purchase price equal to [ ]% of the principal amount thereof and the principal amount of Class A-2 B Notes set forth opposite the name of such Underwriter on Schedule 1 hereto at a purchase price equal to [ ]% of the principal amount thereof. Interest on the Class A-1 Notes will accrue during each Series 20032002-1 2 Interest Period at the rate of [ ]% per annum above One-Month LIBOR, interest on the Class A-2 Notes will accrue during each Series 2002-2 Interest Period at the rate of [ ]% per annum above One-Month LIBOR and interest on the Class A-2 B Notes will accrue during each Series 20032002-1 2 Interest Period at the rate of [ ]% per annum above One-Month LIBOR, in each case as determined in accordance with the Indenture. The Issuer shall not be obligated to deliver any of the Securities except upon payment for all of the Securities to be purchased as provided herein.

Appears in 1 contract

Samples: Underwriting Agreement (Chesapeake Funding LLC)

AutoNDA by SimpleDocs

Purchase of the Securities. On the basis of the representations, warranties and agreements contained herein, and subject to the terms and conditions set forth herein, the Issuer agrees to issue and sell to each of the Underwriters, severally and not jointly, and each of the Underwriters, severally and not jointly, agrees to purchase from the Issuer, the principal amount of Class A-1 Notes set forth opposite the name of such Underwriter on Schedule 1 hereto at a purchase price equal to [ ]% of the principal amount thereof and the principal amount of Class A-2 Notes set forth opposite the name of such Underwriter on Schedule 1 hereto at a purchase price equal to [ ]% of the principal amount thereof. Interest on the Class A-1 Notes will accrue during each Series 2003-1 2 Interest Period at the rate of [ ]% per annum above One-Month LIBOR and interest on the Class A-2 Notes will accrue during each Series 2003-1 2 Interest Period at the rate of [ ]% per annum above One-Month LIBOR, in each case as determined in accordance with the Indenture. The Issuer shall not be obligated to deliver any of the Securities except upon payment for all of the Securities to be purchased as provided herein.

Appears in 1 contract

Samples: Underwriting Agreement (Chesapeake Funding LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!