Purchase, Sale and Closing Sample Clauses

Purchase, Sale and Closing. On the terms and conditions herein set forth, the Underwriter will buy from the Authority, and the Authority will sell to the Underwriter, all (but not less than all) of the Bonds at a purchase price equal to $24,750,000 consisting of the aggregate principal amount of the Bonds ($25,000,000), less an underwriters' discount of $250,000, plus accrued interest. Payment shall be made in immediately available funds to the Trustee for the account of the Authority. Closing (the "Closing") will be at the offices of Eckert, Seamans, Xxxxxx & Xxxxxxx, LLC, bond counsel, at 10:00 a.m., Eastern Daylight Time, on June 5, 2002 or at such other date, time or place or in such other manner as may be agreed on by the parties hereto. The Bonds will be delivered as fully registered Bonds with one Bond for each maturity, each in the aggregate principal amount of Bonds for each such maturity as requested in the name of Cede & Co., as nominee for The Depository Trust Company ("DTC"), with CUSIP numbers printed thereon, and shall conform in all respects to DTC's Book-Entry-Only System. Delivery of the Bonds will be made at the office of DTC in New York, New York, unless DTC's "FAST" program is employed, in which case the delivery of the Bonds will be made at the offices of Xxxxxx Xxxxxxx Xxxxxx & Xxxxxxx, LLC, bond counsel (or such other location as is acceptable to the Underwriter). If the Underwriter so requests, the Bonds shall be made available to the Underwriter (prior to their delivery to DTC) in Philadelphia, Pennsylvania at least three full business day before the Closing for purposes of inspection. The Underwriter agrees to make a bona fide public offering of the Bonds at the initial offering prices or yields set forth in the Official Statement; provided, however, that the Underwriter reserves the right (and the Authority and the Company hereby expressly acknowledge such right): (i) to make concessions to dealers; (ii) to effect transactions that stabilize or maintain the market price of the Bonds above that which might otherwise prevail in the open market and to discontinue at any time such stabilizing transactions; and (iii) to change such initial offering prices, all as the Underwriter shall deem necessary in connection with the marketing of the Bonds.
AutoNDA by SimpleDocs
Purchase, Sale and Closing. Subject to the terms and conditions and in reliance on the representations, warranties and covenants herein set forth, the Purchaser agrees to purchase from the Issuer all of the Bonds that are to be issued at any time and from time to time under the Indenture and the Issuer hereby agrees to sell to the Purchaser all of the Bonds that are to be issued at any time and from time to time under the Indenture at a price of 100% of the principal amount of the Bonds. The sale and purchase of the Bonds will be accomplished in one or more installments as described hereinafter and in Section 304 of the Indenture. The parties agree that (i) the aggregate principal amount of Bonds to be sold and purchased hereunder shall not exceed the principal amount specified in Paragraph 1(a) hereof, and (ii) the Bonds will be authenticated by the Trustee and delivered to or at the direction of the Purchaser in one or more installments as the acquisition, construction, renovation, equipping and installation of the Project progresses. The Bond representing the initial installment shall be in a denomination mutually agreed upon by the parties hereto and shall be authenticated and delivered simultaneously with the execution and delivery of this Bond Purchase Agreement. It shall be the sole prerogative of the Lessee to designate (upon at least ten (10) business days, advance notice to the Issuer and the Trustee), the principal amount of each fully-registered Bond to be delivered at any subsequent installment and the date, time and place of the delivery of and payment for such Bond (hereinafter referred to as a “Closing”). The aforesaid designation to be made by the Lessee in the case of a fully-registered Bond specified for authentication and delivery (after the first such installment shall have been authenticated and delivered simultaneously with the execution and delivery of this Bond Purchase Agreement) shall be substantially in the form of that which is attached hereto as Exhibit “A” and shall be duly executed on behalf of the Lessee. Notwithstanding the foregoing, the Purchaser hereby directs or shall cause the Trustee to be directed in writing to hold the Bond on behalf of the Purchaser until otherwise directed in writing by the Purchaser. As is set forth in Section 304 of the Indenture, any such designation which the Trustee receives from the Lessee shall be treated as an order from the Issuer to authenticate the fully- registered Bond so specified therein unless the Issuer sha...
Purchase, Sale and Closing. 1.1 The Seller hereby agrees to sell, assign, transfer and deliver to the Purchaser, and the Purchaser hereby agrees to purchase from the Seller, the Shares for the purchase price of One Hundred Thousand U.S. Dollars ($100,000.00) (the "Purchase Price"). The full amount of the Purchase Price shall be delivered U.S. Dollars, by wire transfer to an escrow account established with Xxxxxx X Xxxxxx, PLLC, (“Escrow Agent”).
Purchase, Sale and Closing. On the terms and conditions herein set forth, the Underwriter will buy from the Issuer, and the Issuer will sell to the Underwriter, all (but not less than all) of the Bonds at a purchase price equal to 98.30% of the principal amount thereof, plus interest accrued in the amount of $25,000.00 to the Closing date. Payment shall be made in immediately available funds to the Trustee for the account of the Issuer. Closing (the "Closing") will be at the offices of Blank Rome Xxxxxxx & XxXxxxxx LLP, Philadelphia, Pennsylvania, at 10:00 a.m., Eastern Daylight Time, on October 7, 1999, or at such other date, time or place as may be agreed on by the parties hereto. The Bonds will be delivered in New York, New York in the form of one typewritten bond maturing June 1, 2029, registered in the name of Cede & Co., as nominee for The Depository Trust Company. The Underwriter agrees to make a bona fide public offering of the Bonds at the initial offering prices or yields set forth in the Official Statement; provided, however, the Underwriter reserves the right (and the Issuer and the Company hereby expressly acknowledge such right): (i) to make concessions to dealers; (ii) to effect transactions that stabilize or maintain the market price of the Bonds above that which might otherwise prevail in the open market and to discontinue at any time such stabilizing transactions; and (iii) to change such initial offering prices, all as the Underwriter shall deem necessary in connection with the marketing of the Bonds.
Purchase, Sale and Closing. Subject to the terms and conditions herein set forth, the Underwriter agrees to purchase from the Issuer, and the Issuer agrees to sell to the Underwriter, the Refunding Bonds at a purchase price equal to 100% of the principal amount thereof. The Refunding Bonds shall be dated [October 1], 1995, shall mature on ____, and shall bear interest at the Flexible Rate, the Daily Rate, the Weekly Rate, the Monthly Rate, the Quarterly Rate, the Semiannual Rate, the Multiannual Rate or the Fixed Rate (all as defined and more fully described in the Indenture). Payment for the Refunding Bonds shall be made in immediately available Federal funds payable to the order of the Trustee for the account of the Issuer. Closing (the "Closing") will be at the offices of McCaxx, Xxrkxxxxx xxx Hortxx X.X.P., 717 Xxxxx Xxxxxxx, 0xx Xxxxx, Dallas, Texas at 10:00 a.m., Dallas time, on [October 26], 1995 (the "Closing Date"), or at such other date, time or place as may be agreed on by the Issuer, the Company and the Underwriter. Refunding Bonds will be delivered to The Depository Trust Company ("DTC") at least 24 hours before Closing; the Refunding Bond will be registered in the name of CEDE & Co., as nominee for DTC, in the denomination of $40,890,000.
Purchase, Sale and Closing. (a) The Issuer hereby agrees to sell to the Underwriter, and the Underwriter, upon the basis of the representations, warranties and covenants herein contained, but subject to the conditions hereinafter stated, agrees to purchase the Bonds from the Issuer at a price of $29,000,000 (representing 100% of the principal amount of the Bonds.) The Borrower is paying $277,000 directly to the Underwriter, W.X. Xxxxxx & Company, LLC, as an underwriting fee. (b) Payment for the Bonds shall be made in immediately available funds at such place and time on November 30, 2006, or on such other date, as is mutually agreeable to the Borrower, the Letter of Credit Bank, the Confirming Bank, the Trustee and the Underwriter. The date and time of such payment and delivery are herein referred to as the “Closing Date” or the “Closing.” The executed Bonds will be made available to the Trustee for authentication as soon as practicable, but at least by 3:00 p.m., [trustee city] time, two (2) business days prior to the Closing Date, in Portland, Oregon or such other place as may be mutually agreed upon. (c) The Underwriter agrees to make a bona fide public offering of the Bonds at the initial offering prices or yields set forth in the Offering Memorandum. The Underwriter reserves the right to change the initial offering prices or yields as the Underwriter shall deem necessary in connection with the marketing of the Bonds and to offer and sell the Bonds to certain dealers (including dealers depositing the Bonds into investment trusts) and others at prices lower than the initial offering prices set forth in the Offering Memorandum. The Underwriter also reserves the right (i) to over-allot or effect transactions that stabilize or maintain the market price of the Bonds at a level above that which might otherwise prevail in the open market, and (ii) to discontinue such stabilizing, if commenced, at any time. The Bonds will bear interest at the rate or rates as provided in the Offering Memorandum.
Purchase, Sale and Closing. Upon the basis of the representations and covenants contained herein, but subject to the conditions set forth below, the Issuer hereby agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Issuer, all (but not less than all) of the Bonds, in a principal amount of $[ ]. On the Closing Date (defined below) the Purchaser shall pay the entire principal amount of the Bonds to the Trustee as set forth in the Indenture. The closing for the payment for the Bonds shall take place at the offices of Miller, Canfield, Paddock and Stone, P.L.C, Xxx Xxxxxxxx Xxxxxx, Xxxxx 000, Xxxxxxx, Xxxxxxxx, at 10:00 a.m., Eastern Time, on December [12], 2017, or such other date, place, or time as may be designated by the Purchaser with the approval of the Issuer (the “Closing Date”). The Bonds shall be delivered on the Closing Date, registered in the name of the Purchaser. The Bonds will be made available to the Purchaser or its respective designees at the place of delivery for inspection and packaging at least 24 hours before the Closing Date. The Issuer has appointed The Huntington National Bank, Grand Rapids, Michigan, as Trustee, paying agent and bond registrar.
AutoNDA by SimpleDocs
Purchase, Sale and Closing. The Issuer shall sell to the Underwriter and the Underwriter shall, in reliance on the representations, warranties, covenants and indemnity set forth herein, but subject to the conditions set forth herein, buy from the Issuer, all of the Bonds. The purchase price shall be 100% of the principal amount thereof plus accrued interest, if any, and shall be payable in immediately available funds to the order of the Trustee for the account of the Issuer. The Company will pay the Underwriter a fee of $1,620,000 for its services as underwriter. Closing (the “Closing”) will be at the offices of XxXxxx, Xxxxxxxxx & Xxxxxx L.L.P., Dallas, Texas at 9:00 A.M. prevailing local time on November 9, 2006 or at such other place or other date or time as may be agreed on by the parties hereto. The Bonds will be delivered to the custody of the Trustee in the form of one typewritten bond in the amount of $60,000,000 registered in the name of Cede & Co., as nominee for The Depository Trust Company. The Bonds will be made available to the Underwriter for inspection at least 24 hours before Closing.
Purchase, Sale and Closing. The Issuer shall sell to the Underwriter and the Underwriter shall, in reliance on the representations, warranties, covenants and indemnity set forth herein, but subject to the conditions set forth herein, buy from the Issuer, all of the Bonds. The purchase price shall be 100% of the principal amount thereof plus accrued interest, if any, and shall be payable in immediately available funds to the order of the Trustee for the account of the Issuer. The Company will pay the Underwriter a fee of $100,000 for its services as underwriter. Closing (the “Closing”) will be at the offices of Xxxxx Xxxx LLP, Omaha, Nebraska, at 9:00 A.M. prevailing local time on July 24, 2008 or at such other place or other date or time as may be agreed on by the parties hereto. The Bonds will be delivered to the custody of the Trustee in the form of one typewritten bond in the amount of $7,000,000 registered in the name of Cede & Co., as nominee for The Depository Trust Company. The Bonds will be made available to the Underwriter for inspection at least 24 hours before Closing.
Purchase, Sale and Closing. (a) Subject to the terms and conditions and in reliance on the representations, warranties and covenants herein set forth, the Purchaser agrees to purchase from the Issuer all of the Bonds, and the Issuer hereby agrees to sell to the Purchaser all of the Bonds, at a price of 100% of the principal amount of the Bonds. The parties agree that the aggregate principal amount of Bonds to be sold and purchased hereunder shall not exceed the principal amount specified in Paragraph 1(a) hereof. Such purchase price shall be deemed to be paid on and as of the date of the initial issuance of the Bonds (the "Closing Date") by (i) the payment of any amount under and pursuant to subparagraph (b) of this Paragraph as is paid on the Closing Date and (ii) the Purchaser's obligation evidenced hereby to make payments in the future under and pursuant to subparagraph (b) of this Paragraph 2. The Bonds shall bear interest at the fixed rate determined as provided in Section 202 of the Indenture.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!