Common use of Purchase Sale and Delivery of the Offered Securities Clause in Contracts

Purchase Sale and Delivery of the Offered Securities. On the basis of the representations, warranties, covenants and agreements herein contained and subject to the terms and conditions herein set forth, the Company agrees to sell to the several Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from the Company, at a purchase price of 99.016% of the principal amount thereof plus accrued interest, if any, from June 4, 2014 to the Closing Date (as hereinafter defined), the respective principal amounts of Offered Securities set forth opposite the names of the several Underwriters in Schedule 1 hereto. The Company shall not be obligated to deliver any of the Offered Securities to be delivered on the Closing Date, except upon payment for all the Offered Securities to be purchased on the Closing Date, as provided herein. The Company will deliver the Offered Securities to or as instructed by the Representatives for the accounts of the several Underwriters in a form reasonably acceptable to the Representatives against payment of the purchase price by the Underwriters in Federal (same day) funds by wire transfer to an account specified by the Company, at the office of Milbank, Tweed, Xxxxxx & XxXxxx LLP, Xxx Xxxxx Xxxxxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, at 9:30 a.m. (New York time), on June 4, 2014, or at such other time not later than seven full business days thereafter as the Representatives and the Company determine, such time being herein referred to as the “Closing Date”.

Appears in 1 contract

Samples: Underwriting Agreement (ITC Holdings Corp.)

AutoNDA by SimpleDocs

Purchase Sale and Delivery of the Offered Securities. On the basis of the representations, warranties, covenants and agreements herein contained and subject to the terms and conditions herein set forth, the Company agrees to sell to the several Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from the Company, at a purchase price of 99.01699.065% of the principal amount thereof with respect to the 2023 Notes and 98.857% of the principal amount thereof with respect to the 2043 Notes, in each case plus accrued interest, if any, from June 4July 3, 2014 2013 to the Closing Date (as hereinafter defined), the respective principal amounts of Offered Securities set forth opposite the names of the several Underwriters in Schedule 1 hereto. The Company shall not be obligated to deliver any of the Offered Securities to be delivered on the Closing Date, except upon payment for all the Offered Securities to be purchased on the Closing Date, as provided herein. The Company will deliver the Offered Securities to or as instructed by the Representatives for the accounts of the several Underwriters in a form reasonably acceptable to the Representatives against payment of the purchase price by the Underwriters in Federal (same day) funds by wire transfer to an account specified by the Company, at the office of Milbank, Tweed, Xxxxxx & XxXxxx LLP, Xxx Xxxxx Xxxxxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, at 9:30 a.m. 10:00 A.M. (New York time), on June 4July 3, 20142013, or at such other time not later than seven full business days thereafter as the Representatives and the Company determine, such time being herein referred to as the “Closing Date”.

Appears in 1 contract

Samples: Underwriting Agreement (ITC Holdings Corp.)

Purchase Sale and Delivery of the Offered Securities. On the basis of the representations, warranties, covenants and agreements herein contained and subject to the terms and conditions herein set forth, the Company agrees to sell to the several Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from the Company, at a purchase price of 99.01699.215% of the principal amount thereof plus accrued interest, if any, from June 4July 5, 2014 2016 to the Closing Date (as hereinafter defined), the respective principal amounts of Offered Securities set forth opposite the names of the several Underwriters in Schedule 1 hereto. The Company shall not be obligated to deliver any of the Offered Securities to be delivered on the Closing Date, except upon payment for all the Offered Securities to be purchased on the Closing Date, as provided herein. The Company will deliver the Offered Securities to or as instructed by the Representatives for the accounts of the several Underwriters in a form reasonably acceptable to the Representatives against payment of the purchase price by the Underwriters in Federal (same day) funds by wire transfer to an account specified by the Company, at the office of Milbank, Tweed, Xxxxxx & XxXxxx LLP, Xxx Xxxxx Xxxxxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, at 9:30 a.m. (New York time), on June 4July 5, 20142016, or at such other time not later than seven full business days thereafter as the Representatives and the Company determine, such time being herein referred to as the “Closing Date”.

Appears in 1 contract

Samples: Underwriting Agreement (ITC Holdings Corp.)

AutoNDA by SimpleDocs

Purchase Sale and Delivery of the Offered Securities. On the basis of the representations, warranties, covenants and agreements herein contained and subject to (a) The Firm Securities. Upon the terms and conditions herein set forth, the Company agrees to issue and sell to the several UnderwritersUnderwriters an aggregate of [•] Firm Securities. On the basis of the representations, warranties and agreements herein contained, and each of upon the terms but subject to the conditions herein set forth, the Underwriters agreesagree, severally and not jointly, to purchase from the Company, at a purchase price of 99.016% of the principal amount thereof plus accrued interest, if any, from June 4, 2014 to the Closing Date (as hereinafter defined), Company the respective principal amounts number of Offered Firm Securities set forth opposite the their names of on Schedule A. The purchase price per ADS to be paid by the several Underwriters in Schedule 1 hereto. The to the Company shall not be obligated to deliver any of for the Offered Securities to will be delivered on $[•] per ADS (the “Purchase Price”). (b) The Closing Date, except upon payment . Delivery of certificates for all the Offered Firm Securities to be purchased on the Closing Date, as provided herein. The Company will deliver the Offered Securities to or as instructed by the Representatives for the accounts of the several Underwriters in a form reasonably acceptable to the Representatives against payment of the purchase price by the Underwriters in Federal and payment therefor shall be made at the offices of Xxxxx Xxxx & Xxxxxxxx, LLP, 0000 Xx Xxxxxx Xxxx, Xxxxx Xxxx, XX 00000 (same day) funds by wire transfer or such other place as may be agreed to an account specified by the Company, Company and the Representative) at the office of Milbank, Tweed, Xxxxxx & XxXxxx LLP, Xxx Xxxxx Xxxxxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, at 9:30 [10:00] a.m. (New York Eastern time), on June 4, 2014[•], or at such other time and date not later than seven full business days thereafter [•] p.m. Eastern time, on [•] as the Representatives and Representative shall designate by notice to the Company determine, (the time and date of such time being herein referred to as closing are called the “Closing Date”). The Company hereby acknowledges that circumstances under which the Representative may provide notice to postpone the Closing Date as originally scheduled include, but are not limited to, any determination by the Company or the Representative to recirculate to the public copies of an amended or supplemented Prospectus or a delay as contemplated by the provisions of Section 11.

Appears in 1 contract

Samples: Underwriting Agreement

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