Common use of Interpretive Provision Clause in Contracts

Interpretive Provision. 19 6.14 Severability..........................................................19 6.15 Counterparts..........................................................19 6.16 Finder's Fee..........................................................19 Schedules: --------- Schedule 1.1 Purchasers Schedule 1.5 Use of Proceeds Schedule 2.1(b) Capitalization of the Company Schedule 2.1(c) Capitalization of the Subsidiaries Schedule 2.2 Subsidiaries Schedule 2.5 Noncontravention Schedule 2.6 Consent and Approvals Schedule 2.7 Litigation Schedule 2.9 Debts; Liens Exhibits: -------- Exhibit A Registration Rights Joinder Agreement Exhibit B Form of Opinion of Company Counsel SECURITIES PURCHASE AND EXCHANGE AGREEMENT THIS SECURITIES PURCHASE AND EXCHANGE AGREEMENT, dated as of January 12, 1998, among ▇▇▇▇▇▇ INDUSTRIES, INC., a Delaware corporation (the "Company"), WHITE OWL INVESTORS, L.L.C., a Delaware limited liability company ("White Owl"), SOMERSET CAPITAL PARTNERS, a New York general partnership ("SCP" and, with White Owl, the "New Purchasers"), and each of the undersigned HOLDERS OF THE SENIOR NOTES (individually, a "Holder" and collectively, the "Holders"; the New Purchasers and the Holders being sometimes hereinafter collectively referred to as the "Purchasers" and individually as a "Purchaser").

Interpretive Provision. 19 6.14 Severability....................................................................................................................................19 6.15 Counterparts....................................................................................................................................19 6.16 Finder's Fee....................................................................................................................................19 Schedules: --------- Schedule 1.1 Purchasers Schedule 1.5 Use of Proceeds Schedule 2.1(b) Capitalization of the Company Schedule 2.1(c) Capitalization of the Subsidiaries Schedule 2.2 Subsidiaries Schedule 2.5 Noncontravention Schedule 2.6 Consent and Approvals Schedule 2.7 Litigation Schedule 2.9 Debts; Liens Exhibits: -------- Exhibit A Registration Rights Joinder Agreement Exhibit B Form of Opinion of Company Counsel SECURITIES PURCHASE AND EXCHANGE AGREEMENT THIS SECURITIES PURCHASE AND EXCHANGE AGREEMENT, dated as of January 12, 1998, among POND▇▇ ▇▇▇▇▇▇ INDUSTRIESUSTRIES, INC., a Delaware corporation (the "Company"), WHITE OWL INVESTORS, L.L.C., a Delaware limited liability company ("White Owl"), SOMERSET CAPITAL PARTNERS, a New York general partnership ("SCP" and, with White Owl, the "New Purchasers"), and each of the undersigned HOLDERS OF THE SENIOR NOTES (individually, a "Holder" and collectively, the "Holders"; the New Purchasers and the Holders being sometimes hereinafter collectively referred to as the "Purchasers" and individually as a "Purchaser").