UNDERWRITING AGREEMENT (First Mortgage Bonds)Underwriting Agreement • November 24th, 2008 • Westar Energy Inc /Ks • Electric & other services combined • New York
It is expected that delivery of the bonds will be made against payment therefor on or about November 25, 2008, which will be the fifth business day following the date of the pricing of the bonds. Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade bonds on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the bonds initially will settle in T+5, to specify alternative settlement arrangements to prevent a failed settlement.
