Common use of Purchase as Principal Clause in Contracts

Purchase as Principal. Each sale of Notes to any Agent as principal shall be made in accordance with the terms of this Agreement and (unless such Agent shall otherwise agree) a Terms Agreement which will provide for the sale of such Notes to, and the purchase and reoffering thereof by, such Agent. The commitment of any Agent to purchase Notes as principal, whether pursuant to any Terms Agreement or otherwise, shall be deemed to have been made on the basis of the representations and warranties (made or deemed to have been made as of the date of the Terms Agreement and as of the Time of Delivery (as defined below)) of the Company herein contained and shall be subject to the terms and conditions set forth herein and in the applicable Terms Agreement. Each Terms Agreement by an Agent to purchase Notes as principal (pursuant to a Terms Agreement or otherwise) shall specify the principal amount of Notes to be purchased by such Agent pursuant thereto, the price to be paid to the Company for such Notes, the maturity date of such Notes, the interest rate or interest rate basis, if any, applicable to such Notes, any other terms of such Notes, the time and date and place of delivery of and payment for such Notes (the time and date of any and each such delivery and payment, the “Time of Delivery”), any provisions relating to rights of underwriters acting together with such Agent in the reoffering of Notes, and, except as otherwise indicated in such Terms Agreement, shall require the delivery of opinions of counsel, accountants’ letters and officers’ certificates pursuant to Section 6 hereof. Unless otherwise specified in a Terms Agreement, the procedural details relating to the issue and delivery of Notes purchased by an Agent as principal and the payment therefor shall be as set forth in the Administrative Procedures. Unless otherwise specified in a Terms Agreement, if you are purchasing Notes as principal you may resell such Notes to other dealers or to investors and other purchasers. Any such sales to other dealers may be at a discount, which shall not exceed the amount set forth in the Pricing Supplement relating to such Notes. Any such sales to investors and other purchasers may be at prevailing market prices, or prices related thereto at the time of such resale, at negotiated prices or otherwise, as determined by the Agent. If the Company and two or more Agents enter into an agreement pursuant to which such Agents agree to purchase Notes from the Company as principal and one or more of such Agents shall fail at the Time of Delivery to purchase the Notes which it or they are obligated to purchase (the “Defaulted Notes”), then the nondefaulting Agents shall have the right, within 24 hours thereafter, to make arrangements for one of them or one or more other Agents or underwriters to purchase all, but not less than all, of the Defaulted Notes in such amounts as may be agreed upon and upon the terms herein set forth; provided, however, that if such arrangements shall not have been completed within such 24-hour period; then:

Purchase as Principal. Each sale of Notes Securities to any Agent as principal shall be made in accordance with the terms of this Agreement and (unless such Agent shall otherwise agree) a Terms Agreement which will provide for the sale of such Notes Securities to, and the purchase and reoffering thereof by, such Agent. A Terms Agreement will be substantially in the form of Exhibit A hereto but may take the form of an exchange of any standard form of written telecommunication between an Agent and the Company and may also specify certain provisions relating to the reoffering of such Securities by such Agent or may be an oral agreement confirmed by a Terms Agreement or other written telecommunication, as the case may be. The commitment of any Agent to purchase Notes securities as principal, whether pursuant to any Terms Agreement or otherwise, shall be deemed to have been made on the basis of the representations and warranties (made or deemed to have been made as of the date of the Terms Agreement and as of the Time of Delivery (as defined below)) of the Company herein contained and shall be subject to the terms and conditions set forth herein and in the applicable Terms AgreementAgreement set forth. Each Terms Agreement agreement by an Agent to purchase Notes Securities as principal (pursuant to a Terms Agreement or otherwise) shall specify the principal amount of Notes Securities to be purchased by such Agent pursuant thereto, the price to be paid to the Company for such NotesSecurities, the maturity date of such NotesSecurities, the interest rate or interest rate basis, if any, applicable to such NotesSecurities, any other terms of such NotesSecurities, the time and date and place of delivery of and payment for such Notes Securities (the time and date of any and each such delivery and payment, the “Time of Delivery”"TIME OF DELIVERY"), any provisions relating to rights of of, and default by, underwriters acting together with such Agent in the reoffering of NotesSecurities, and, except as otherwise indicated in such Terms Agreement, and shall require the delivery of also specify any requirements for opinions of counsel, accountants’ ' letters and officers’ ' certificates pursuant to Section 6 4 hereof. Unless otherwise specified in a Terms Agreement, the procedural details relating to the issue and delivery of Notes Securities purchased by an Agent as principal and the payment therefor shall be as set forth in the Administrative Procedures. Unless otherwise specified in a Terms Agreement, if you are purchasing Notes as principal you may resell such Notes to other dealers or to investors and other purchasers. Any such sales to other dealers may be at a discount, which shall not exceed the amount set forth in the Pricing Supplement relating to such Notes. Any such sales to investors and other purchasers may be at prevailing market prices, or prices related thereto at the time of such resale, at negotiated prices or otherwise, as determined by the Agent. If the Company and two or more Agents enter into an agreement pursuant to which such Agents agree to purchase Notes from the Company as principal and one or more of such Agents shall fail at the Time of Delivery to purchase the Notes which it or they are obligated to purchase (the “Defaulted Notes”), then the nondefaulting Agents shall have the right, within 24 hours thereafter, to make arrangements for one of them or one or more other Agents or underwriters to purchase all, but not less than all, of the Defaulted Notes in such amounts as may be agreed upon and upon the terms herein set forth; provided, however, that if such arrangements shall not have been completed within such 24-hour period; then:.

Purchase as Principal. Each sale of Notes Securities to any the Agent as principal shall be made in accordance with the terms of this Agreement and (unless such Agent shall otherwise agree) a Terms Agreement which will provide for the sale of such Notes Securities to, and the purchase and reoffering thereof by, the Agent. A Terms Agreement will be substantially in the form of Exhibit A hereto but may take the form of an exchange of any standard form of written telecommunication between the Agent and the Company and may also specify certain provisions relating to the reoffering of such Securities by the Agent. The commitment of any the Agent to purchase Notes securities as principal, whether pursuant to any Terms Agreement or otherwise, shall be deemed to have been made on the basis of the representations and warranties (made or deemed to have been made as of the date of the Terms Agreement and as of the Time of Delivery (as defined below)) of the Company herein contained and shall be subject to the terms and conditions set forth herein and in the applicable Terms AgreementAgreement set forth. Each Terms Agreement agreement by an the Agent to purchase Notes Securities as principal (pursuant to a Terms Agreement or otherwise) shall specify the principal amount of Notes Securities to be purchased by such Agent pursuant thereto, the price to be paid to the Company for such NotesSecurities, the maturity date of such NotesSecurities, the interest rate or interest rate basis, if any, applicable to such NotesSecurities, any other terms of such NotesSecurities, the time and date and place of delivery of and payment for such Notes Securities (the time and date of any and each such delivery and payment, the “"Time of Delivery”"), any provisions relating to rights of of, and default by, underwriters acting together with such the Agent in the reoffering of NotesSecurities, and, except as otherwise indicated in such Terms Agreement, and shall require the delivery of also specify any requirements for opinions of counsel, accountants’ ' letters and officers’ ' certificates pursuant to Section 6 4 hereof. Unless otherwise specified in a Terms Agreement, the procedural details relating to the issue and delivery of Notes Securities purchased by an the Agent as principal and the payment therefor therefore shall be as set forth in the Administrative Procedures. Unless otherwise specified in a Terms Agreement, if you are purchasing Notes as principal you may resell such Notes to other dealers or to investors and other purchasers. Any such sales to other dealers may be at a discount, which shall not exceed the amount set forth in the Pricing Supplement relating to such Notes. Any such sales to investors and other purchasers may be at prevailing market prices, or prices related thereto at the time of such resale, at negotiated prices or otherwise, as determined by the Agent. If the Company and two or more Agents enter into an agreement pursuant to which such Agents agree to purchase Notes from the Company as principal and one or more of such Agents shall fail at the Time of Delivery to purchase the Notes which it or they are obligated to purchase (the “Defaulted Notes”c), then the nondefaulting Agents shall have the right, within 24 hours thereafter, to make arrangements for one of them or one or more other Agents or underwriters to purchase all, but not less than all, of the Defaulted Notes in such amounts as may be agreed upon and upon the terms herein set forth; provided, however, that if such arrangements shall not have been completed within such 24-hour period; then:

Purchase as Principal. Each sale of Notes Securities to any Agent as principal shall be made in accordance with the terms of this Agreement and (unless such Agent shall otherwise agree) a Terms Agreement which will provide for the sale of such Notes Securities to, and the purchase and reoffering thereof by, such Agent. A Terms Agreement will be substantially in the form of Exhibit A hereto but may take the form of an exchange of any standard form of written telecommunication between an Agent and the Operating Partnership and may also specify certain provisions relating to the reoffering of such Securities by such Agent. The commitment of any Agent to purchase Notes Securities as principal, whether pursuant to any Terms Agreement or otherwise, shall be deemed to have been made on the basis of the representations and warranties (made or deemed to have been made as of the date of the Terms Agreement and as of the Time of Delivery (as defined below)) of the Company Operating Partnership herein contained and shall be subject to the terms and conditions set forth herein and in the applicable Terms AgreementAgreement set forth. Each Terms Agreement agreement by an Agent to purchase Notes Securities as principal (pursuant to a Terms Agreement or otherwise) shall specify the principal amount of Notes Securities to be purchased by such Agent pursuant thereto, the price to be paid to the Company Operating Partnership for such NotesSecurities, the maturity date of such NotesSecurities, the interest rate or interest rate basis, if any, applicable to such NotesSecurities, any other terms of such NotesSecurities, the time and date and place of delivery of and payment for such Notes Securities (the time and date of any and each such delivery and payment, the “"Time of Delivery”"), any provisions relating to rights of of, and default by, underwriters acting together with such Agent in the reoffering of NotesSecurities, and, except as otherwise indicated in such Terms Agreement, and shall require the delivery of also specify any requirements for opinions of counsel, accountants’ ' letters and officers’ ' certificates pursuant to Section 6 5 hereof. Unless otherwise specified in a Terms Agreement, the procedural details relating to the issue and delivery of Notes Securities purchased by an Agent as principal and the payment therefor therefore shall be as set forth in the Administrative Procedures. Unless otherwise specified in a Terms Agreement, if you are purchasing Notes as principal you may resell such Notes to other dealers or to investors and other purchasers. Any such sales to other dealers may be at a discount, which shall not exceed the amount set forth in the Pricing Supplement relating to such Notes. Any such sales to investors and other purchasers may be at prevailing market prices, or prices related thereto at the time of such resale, at negotiated prices or otherwise, as determined by the Agent. If the Company and two or more Agents enter into an agreement pursuant to which such Agents agree to purchase Notes from the Company as principal and one or more of such Agents shall fail at the Time of Delivery to purchase the Notes which it or they are obligated to purchase (the “Defaulted Notes”), then the nondefaulting Agents shall have the right, within 24 hours thereafter, to make arrangements for one of them or one or more other Agents or underwriters to purchase all, but not less than all, of the Defaulted Notes in such amounts as may be agreed upon and upon the terms herein set forth; provided, however, that if such arrangements shall not have been completed within such 24-hour period; then:.

Purchase as Principal. The Company may also sell Notes to one or more Agent(s) acting as principal for its own account or for resale to one or more investors. Each sale of Notes to any Agent as principal shall be made in accordance with the terms of this Agreement and (unless such Agent shall otherwise agree) a Terms Agreement which will provide for the sale of such Notes to, and the purchase and reoffering thereof by, such Agent. The commitment of any Agent to purchase Notes as principal, whether pursuant to any Terms Agreement or otherwise, shall be deemed to have been made on the basis of the representations and warranties (made or deemed to have been made as of the date of the Terms Agreement and as of the Time of Delivery (as defined below)) of the Company herein contained and shall be subject to the terms and conditions set forth herein and in the applicable Terms Agreement. Each Terms Agreement by an Agent to purchase Notes as principal (pursuant to a Terms Agreement or otherwise) shall specify the principal amount of Notes to be purchased by such Agent pursuant thereto, the price to be paid to the Company for such Notes, the maturity date of such Notes, the interest rate or interest rate basis, if any, applicable to such Notes, any other terms of such Notes, the time and date and place of delivery of and payment for such Notes (the time and date of any and each such delivery and payment, the “Time of Delivery”), any provisions relating to rights of underwriters acting together with such Agent in the reoffering of Notes, and, except as otherwise indicated in such Terms Agreement, shall require the delivery of opinions of counsel, accountants’ letters and officers’ certificates pursuant to Section 6 hereof. Unless otherwise specified in a Terms Agreement, the procedural details relating to the issue and delivery of Notes purchased by an Agent as principal and the payment therefor shall be as set forth in the Administrative Procedures. Unless otherwise specified in a the applicable Terms Agreement, if you are purchasing Notes as principal you may resell such Notes to other dealers or to investors and other purchasers. Any such sales to other dealers may be at a discount, which shall not exceed the amount set forth in the Pricing Supplement relating to such Notes. Any such sales to investors and other purchasers may be at prevailing market prices, or prices related thereto at the time of such resale, at negotiated prices or otherwise, as determined by the Agent. If the Company and two or more Agents enter into an agreement pursuant to which such Agents agree to purchase Notes from the Company as principal and one or more of such Agents shall fail at the Time of Delivery to purchase the Notes which it or they are obligated to purchase (the “Defaulted Notes”), then the nondefaulting Agents shall have the right, within 24 hours thereafter, to make arrangements for one or more of them or one or more other Agents or underwriters to purchase all, but not less than all, of the Defaulted Notes in such amounts as may be agreed upon and upon the terms herein set forth; provided, however, that if such arrangements shall not have been completed within such 24-hour period; then:

Purchase as Principal. Each sale of Notes Securities to any Agent as principal shall be made in accordance with the terms of this Agreement and (unless such Agent shall otherwise agree) a Terms Agreement which will provide for the sale of such Notes Securities to, and the purchase and reoffering thereof by, such Agent. A Terms Agreement will be substantially in the form of Exhibit A hereto but may take the form of an exchange of any standard form of written telecommunication between an Agent and the Company and may also specify certain provisions relating to the reoffering of such Securities by such Agent. The commitment of any Agent to purchase Notes Securities as principal, whether pursuant to any Terms Agreement or otherwise, shall be deemed to have been made on the basis of the representations and warranties (made or deemed to have been made as of the date of the Terms Agreement and as of the Time of Delivery (as defined below)) of the Company herein contained and shall be subject to the terms and conditions set forth herein and in the applicable Terms AgreementAgreement set forth. Each Terms Agreement agreement by an Agent to purchase Notes Securities as principal (pursuant to a Terms Agreement or otherwise) shall specify the principal amount of Notes Securities to be purchased by such Agent pursuant thereto, the price to be paid to the Company for such NotesSecurities, the maturity date of such NotesSecurities, the interest rate or interest rate basis, if any, applicable to such NotesSecurities, any other terms of such NotesSecurities, the time and date and place of delivery of and payment for such Notes Securities (the time and date of any and each such delivery and payment, payment is referred to herein as the “"Time of Delivery”"), any provisions relating to rights of of, and default by, underwriters acting together with such Agent in the reoffering of NotesSecurities, and, except as otherwise indicated in such Terms Agreement, and shall require the delivery of also specify any requirements for opinions of counsel, accountants’ ' letters and officers’ ' certificates pursuant to Section 6 4 hereof. Unless otherwise specified in a Terms Agreement, the procedural details relating to the issue and delivery of Notes Securities purchased by an Agent as principal and the payment therefor therefore shall be as set forth in the Administrative Procedures. Unless otherwise specified in a Terms Agreement, if you are purchasing Notes as principal you may resell such Notes to other dealers or to investors and other purchasers. Any such sales to other dealers may be at a discount, which shall not exceed the amount set forth in the Pricing Supplement relating to such Notes. Any such sales to investors and other purchasers may be at prevailing market prices, or prices related thereto at the time of such resale, at negotiated prices or otherwise, as determined by the Agent. If the Company and two or more Agents enter into an agreement pursuant to which such Agents agree to purchase Notes from the Company as principal and one or more of such Agents shall fail at the Time of Delivery to purchase the Notes which it or they are obligated to purchase (the “Defaulted Notes”), then the nondefaulting Agents shall have the right, within 24 hours thereafter, to make arrangements for one of them or one or more other Agents or underwriters to purchase all, but not less than all, of the Defaulted Notes in such amounts as may be agreed upon and upon the terms herein set forth; provided, however, that if such arrangements shall not have been completed within such 24-hour period; then:.

Purchase as Principal. Each sale of Notes Securities to any Agent as principal shall be made in accordance with the terms of this Agreement and (unless such Agent shall otherwise agree) a Terms Agreement which will provide for the sale of such Notes Securities to, and the purchase and reoffering thereof by, such Agent. A Terms Agreement will be substantially in the form of Exhibit A hereto but may take the form of any exchange of any standard form of written communication between an Agent and the Company and may also specify certain provisions relating to the reoffering of such Securities by such Agent. The commitment of any Agent to purchase Notes Securities as principal, whether pursuant to any Terms Agreement or otherwise, shall be deemed to have been made on the basis of the representations and warranties (made or deemed to have been made as of the date of the Terms Agreement and as of the Time of Delivery (as defined below)) of the Company herein contained and shall be subject to the terms and conditions set forth herein and in the applicable Terms AgreementAgreement set forth. Each Terms Agreement agreement by an Agent to purchase Notes Securities as principal (pursuant to a Terms Agreement or otherwise) shall specify the principal amount of Notes Securities to be purchased by such Agent pursuant thereto, the price to be paid to the Company for such NotesSecurities, the maturity date of such NotesSecurities, the interest rate or interest rate basis, if any, applicable to such NotesSecurities, any other terms of such NotesSecurities, the time and date and place of delivery of and payment for such Notes Securities (the time and date of any and each such delivery and payment, the “"Time of Delivery”"), any provisions relating to rights of of, and default by, underwriters acting together with such Agent in the reoffering of NotesSecurities, and, except as otherwise indicated in such Terms Agreement, and shall require the delivery of also specify any requirements for opinions of counsel, accountants’ ' letters and officers’ ' certificates pursuant to Section 6 4 hereof. Unless otherwise specified in a Terms Agreement, the procedural details relating to the issue and delivery of Notes Securities purchased by an Agent as principal and the payment therefor shall be as set forth in the Administrative Procedures. Unless otherwise specified in a Terms Agreement, if you are purchasing Notes as principal you may resell such Notes to other dealers or to investors and other purchasers. Any such sales to other dealers may be at a discount, which shall not exceed the amount set forth in the Pricing Supplement relating to such Notes. Any such sales to investors and other purchasers may be at prevailing market prices, or prices related thereto at the time of such resale, at negotiated prices or otherwise, as determined by the Agent. If the Company and two or more Agents enter into an agreement pursuant to which such Agents agree to purchase Notes from the Company as principal and one or more of such Agents shall fail at the Time of Delivery to purchase the Notes which it or they are obligated to purchase (the “Defaulted Notes”), then the nondefaulting Agents shall have the right, within 24 hours thereafter, to make arrangements for one of them or one or more other Agents or underwriters to purchase all, but not less than all, of the Defaulted Notes in such amounts as may be agreed upon and upon the terms herein set forth; provided, however, that if such arrangements shall not have been completed within such 24-hour period; then:.

Purchase as Principal. Each sale of Notes Securities to any Agent as principal shall be made in accordance with the terms of this Agreement and (unless such Agent shall otherwise agree) a Terms Agreement which will provide for the sale of such Notes Securities to, and the purchase and reoffering thereof by, such Agent. A Terms Agreement will be substantially in the form of Exhibit A hereto but may take the form of an exchange of any standard form of written communication between an Agent and the Company and may also specify certain provisions relating to the reoffering of such Securities by such Agent. The commitment of any Agent to purchase Notes Securities as principal, whether pursuant to any Terms Agreement or otherwise, shall be deemed to have been made on the basis of the representations and warranties (made or deemed to have been made as of the date of the Terms Agreement and as of the Time of Delivery (as defined below)) of the Company herein contained and shall be subject to the terms and conditions set forth herein and in the applicable Terms AgreementAgreement set forth. Each Terms Agreement agreement by an Agent to purchase Notes Securities as principal (pursuant to a Terms Agreement or otherwise) shall specify the principal amount of Notes Securities to be purchased by such Agent pursuant thereto, the price to be paid to the Company for such NotesSecurities, the maturity date of such NotesSecurities, the interest rate or interest rate basis, if any, applicable to such NotesSecurities, any other terms of such NotesSecurities, the time and date and place of delivery of and payment for such Notes Securities (the time and date of any and each such delivery and payment, the “"Time of Delivery”"), any provisions relating to rights of of, and default by, underwriters acting together with such Agent in the reoffering of NotesSecurities, and, except as otherwise indicated in such Terms Agreement, and shall require the delivery of also specify any requirements for opinions of counsel, accountants’ ' letters and officers’ ' certificates pursuant to Section 6 4 hereof. Unless otherwise specified in a Terms Agreement, the procedural details relating to the issue and delivery of Notes Securities purchased by an Agent as principal and the payment therefor shall be as set forth in the Administrative Procedures. Unless otherwise specified in a Terms Agreement, if you are purchasing Notes as principal you may resell such Notes to other dealers or to investors and other purchasers. Any such sales to other dealers may be at a discount, which shall not exceed the amount set forth in the Pricing Supplement relating to such Notes. Any such sales to investors and other purchasers may be at prevailing market prices, or prices related thereto at the time of such resale, at negotiated prices or otherwise, as determined by the Agent. If the Company and two or more Agents enter into an agreement pursuant to which such Agents agree to purchase Notes from the Company as principal and one or more of such Agents shall fail at the Time of Delivery to purchase the Notes which it or they are obligated to purchase (the “Defaulted Notes”), then the nondefaulting Agents shall have the right, within 24 hours thereafter, to make arrangements for one of them or one or more other Agents or underwriters to purchase all, but not less than all, of the Defaulted Notes in such amounts as may be agreed upon and upon the terms herein set forth; provided, however, that if such arrangements shall not have been completed within such 24-hour period; then:.

Purchase as Principal. Each sale of Notes Securities to any an Agent as principal shall be made in accordance with the terms of this Agreement and (unless a separate agreement, substantially in the form of Exhibit C hereto, to be entered into on behalf of such Agent shall otherwise agreeAgent(s) a Terms Agreement by the Purchasing Agent, which will provide for the sale of such Notes Securities to, and the purchase and reoffering thereof by, the Purchasing Agent as principal. Each such separate agreement (which may be an oral agreement and confirmed in writing as described below between the Purchasing Agent and the Issuer) is herein referred to as a "Terms Agreement". A Terms Agreement may also specify certain provisions relating to the reoffering of such Securities by the Purchasing Agent. The commitment of any Agent Purchasing Agent's agreement to purchase Notes as principal, whether Securities pursuant to any Terms Agreement or otherwise, shall be deemed to have been made on the basis of the representations representations, warranties and warranties (made or deemed to have been made as agreements of the date of the Terms Agreement and as of the Time of Delivery (as defined below)) of the Company Issuer herein contained and shall be subject to the terms and conditions herein set forth herein and in the applicable Terms Agreementforth. Each Terms Agreement by an Agent to purchase Notes as principal (Except pursuant to a Terms Agreement Agreement, under no circumstances shall you be obligated to purchase any Securities for your own account. Each Terms Agreement, whether oral (and confirmed in writing which may be by facsimile transmission) or otherwise) in writing, shall specify describe the Securities to be purchased pursuant thereto by the Purchasing Agent as principal, and may specify, among other things, the principal amount of Notes Securities to be purchased by purchased, the interest rate or formula and maturity date or dates of such Agent pursuant theretoSecurities, the interest payment dates, if any, the price to be paid to the Company Issuer for such NotesSecurities, the maturity date of such Notesinitial public offering price at which the Securities are proposed to be reoffered, the interest rate or interest rate basis, if any, applicable to such Notes, any other terms of such Notes, and the time and date and place of delivery of and payment for such Notes Securities (the time "Settlement Date"), whether the Securities provide for a survivor's option or for optional redemption by the Issuer and on what terms and conditions, and any other relevant terms. Terms Agreements may take the form of an exchange of any standard form of written telecommunication between the Purchasing Agent and the Issuer. In connection with the resale of the Securities purchased, you are not authorized to appoint subagents or to engage the service of any other broker or dealer, nor may you reallow any portion of the discount paid to you by the Issuer in excess of the designated reallowance portion; PROVIDED, HOWEVER, that the Purchasing Agent may engage the service of any other broker or dealer without the consent of the Issuer. The Purchasing Agent will however, on a periodic basis, provide the Issuer with a listing of those brokers or dealers so engaged. Unless authorized by the Purchasing Agent in each instance, each Agent agrees not to purchase and sell Securities for which an order from a client has not been received. Each purchase of Securities by the Purchasing Agent from the Issuer shall be at a discount from the principal amount of each such Security on the date of any and each such delivery and payment, issue not in excess of the “Time of Delivery”), any provisions relating to rights of underwriters acting together with such Agent in the reoffering of Notes, and, except as otherwise indicated in such Terms Agreement, shall require the delivery of opinions of counsel, accountants’ letters and officers’ certificates pursuant to Section 6 hereof. Unless otherwise specified in a Terms Agreement, the procedural details relating to the issue and delivery of Notes purchased by an Agent as principal and the payment therefor shall be as applicable commission set forth in Exhibit A hereto. Notwithstanding the Administrative Procedures. Unless otherwise specified in a Terms Agreementforegoing, if you are purchasing for Zero-Coupon Notes, each purchase of Zero-Coupon Notes as principal you may resell such Notes to other dealers or to investors and other purchasers. Any such sales to other dealers may by the Purchasing Agent from the Issuer shall be at a discount, which shall discount from the initial offering price of each such Security on the date of issue not exceed in excess of the amount applicable commission set forth in the Pricing Supplement relating to such Notes. Any such sales to investors and other purchasers may be at prevailing market prices, or prices related thereto at the time of such resale, at negotiated prices or otherwise, as determined by the Agent. If the Company and two or more Agents enter into an agreement pursuant to which such Agents agree to purchase Notes from the Company as principal and one or more of such Agents shall fail at the Time of Delivery to purchase the Notes which it or they are obligated to purchase (the “Defaulted Notes”), then the nondefaulting Agents shall have the right, within 24 hours thereafter, to make arrangements for one of them or one or more other Agents or underwriters to purchase all, but not less than all, of the Defaulted Notes in such amounts as may be agreed upon and upon the terms herein set forth; provided, however, that if such arrangements shall not have been completed within such 24-hour period; then:Exhibit A hereto.

Purchase as Principal. The Company may also sell Notes to one or more Agent(s) acting as principal for its own account or for resale to one or more investors. Each sale of Notes to any Agent as principal shall be made in accordance with the terms of this Agreement and (unless such Agent shall otherwise agree) a Terms Agreement which will provide for the sale of such Notes to, and the purchase and reoffering thereof by, such Agent. The commitment of any Agent to purchase Notes as principal, whether pursuant to any Terms Agreement or otherwise, shall be deemed to have been made on the basis of the representations and warranties (made or deemed to have been made as of the date of the Terms Agreement and as of the Time of Delivery (as defined below)) of the Company herein contained and shall be subject to the terms and conditions set forth herein and in the applicable Terms Agreement. Each Terms Agreement by an Agent to purchase Notes as principal (pursuant to a Terms Agreement or otherwise) shall specify the principal amount of Notes to be purchased by such Agent pursuant thereto, the price to be paid to the Company for such Notes, the maturity date of such Notes, the interest rate or interest rate basis, if any, applicable to such Notes, any other terms of such Notes, the time and date and place of delivery of and payment for such Notes (the time and date of any and each such delivery and payment, the “Time of Delivery”), any provisions relating to rights of underwriters acting together with such Agent in the reoffering of Notes, and, except as otherwise indicated in if called for by such Terms Agreement, shall require the delivery of opinions and 10b-5 letters of counsel, accountants’ comfort letters and officers’ certificates pursuant to Section 6 hereof. Unless otherwise specified in a Terms Agreement, the procedural details relating to the issue and delivery of Notes purchased by an Agent as principal and the payment therefor shall be as set forth in the Administrative Procedures. Unless otherwise specified in a applicable Terms Agreement, if you are an Agent is purchasing Notes as principal you principal, such Agent may resell such Notes to other dealers or to investors and other purchasers. Any such sales to other dealers may be at a discount, which shall not exceed the amount set forth in the Pricing Supplement relating to such Notes. Any such sales to investors and other purchasers may be at prevailing market prices, or prices related thereto at the time of such resale, at negotiated prices or otherwise, as determined by the Agent. If the Company and two or more Agents enter into an agreement pursuant to which such Agents agree to purchase Notes from the Company as principal and one or more of such Agents shall fail at the Time of Delivery to purchase the Notes which it or they are obligated to purchase (the “Defaulted Notes”), then the nondefaulting Agents shall have the right, within 24 hours thereafter, to make arrangements for one or more of them or one or more other Agents or underwriters to purchase all, but not less than all, of the Defaulted Notes in such amounts as may be agreed upon and upon the terms herein set forth; provided, however, that if such arrangements shall not have been completed within such 24-hour period; then: