Common Contracts
2 similar Underwriting Agreement contracts by Dte Energy Co
DTE Energy Company Underwriting AgreementUnderwriting Agreement • November 1st, 2019 • Dte Energy Co • Electric services • New York
Each Corporate Unit will initially consist of (a) a 1/20th, or 5%, undivided beneficial ownership interest in $1,000 principal amount of the Company’s 2019 Series F 2.25% Remarketable Senior Notes due 2025 (the “Notes”) and (b) a stock purchase contract (a “Purchase Contract”) issued by the Company pursuant to which the holder of such Purchase Contract will purchase from the Company on November 1, 2022, subject to earlier termination or settlement, for an amount in cash equal to the stated amount per Security of $50 (the “Stated Amount”), a number of shares of common stock, without par value, of the Company (the “Common Stock”), as set forth in the Purchase Contract and Pledge Agreement (as defined herein). The Notes will be issued pursuant to the provisions of an Indenture, dated as of April 9, 2001, as supplemented, and as to be supplemented by a Supplemental Indenture establishing the Notes (collectively, the “Indenture”), between the Company and The Bank of New York Mellon Trust Co
DTE Energy Company Underwriting AgreementUnderwriting Agreement • November 1st, 2019 • Dte Energy Co • Electric services • New York
DTE Energy Company, a Michigan corporation (the “Company”), (i) proposes to issue and sell severally to the firms named in Schedule I hereto (such firms constituting the “Underwriters”) 2,400,000 shares of common stock (the “Common Stock”), without par value, of the Company (the “Initial Securities”), with the terms specified in Schedule II hereto, and (ii) grants severally to the Underwriters the option described in Section 4(b) hereof to purchase all or any part of 360,000 additional shares of Common Stock (the “Option Securities” and, collectively with the Initial Securities, the “Securities”).
