Common use of Offering Procedure Clause in Contracts

Offering Procedure. (a) Unless otherwise agreed between the Company and each agent, each agent shall communicate to the Company, orally or in writing, each offer to purchase Notes received by such agent (unless such offer is rejected by such agent in accordance herewith) on terms previously communicated by the Company to such agent, and unless otherwise agreed between the Company and each agent, the Company shall have the sole right to accept such offers to purchase Notes and may refuse any proposed purchase of Notes in whole or in part for any reason.

Appears in 6 contracts

Samples: Selling Agency Agreement (Countrywide Financial Corp), Selling Agency Agreement (Countrywide Home Loans Inc), Countrywide Credit Industries Inc

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Offering Procedure. (a) Unless otherwise agreed between the ------------------ Company and each agentAgent, each agent Agent shall communicate to the Company, orally or in writing, each offer to purchase Notes received by such agent Agent (unless such offer is rejected by such agent Agent in accordance herewith) on terms previously communicated by the Company to such agentAgent, and unless otherwise agreed between the Company and each agentAgent, the Company shall have the sole right to accept such offers to purchase Notes and may refuse any proposed purchase of Notes in whole or in part for any reason.

Appears in 2 contracts

Samples: Countrywide Credit Industries Inc, Countrywide Home Loans Inc

Offering Procedure. (a) Unless otherwise agreed between the Company ------------------ and each agentAgent, each agent Agent shall communicate to the Company, orally or in writing, each offer to purchase Notes received by such agent Agent (unless such offer is rejected by such agent Agent in accordance herewith) on terms previously communicated by the Company to such agentAgent, and unless otherwise agreed between the Company and each agentAgent, the Company shall have the sole right to accept such offers to purchase Notes and may refuse any proposed purchase of Notes in whole or in part for any reason.

Appears in 2 contracts

Samples: Countrywide Home Loans Inc, Countrywide Credit Industries Inc

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Offering Procedure. (a) Unless otherwise agreed between the Company and each agentAgent, each agent Agent shall communicate to the Company, orally or in writing, each offer to purchase Notes received by such agent Agent (unless such offer is rejected by such agent Agent in accordance herewith) on terms previously communicated by the Company to such agentAgent, and unless otherwise agreed between the Company and each agentAgent, the Company shall have the sole right to accept such offers to purchase Notes and may refuse any proposed purchase of Notes in whole or in part for any reason.

Appears in 1 contract

Samples: Settlement Procedure (General American Transportation Corp /Ny/)

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