Common use of Purchase Of Units By The Underwriters Clause in Contracts

Purchase Of Units By The Underwriters. The sales charge contemplated in this transaction is an amount per Unit as described in the Prospectus. The amount set forth in Schedule B hereto will constitute the per Unit sales takedown ("Underwriters' Takedown"). The sales charge less the Underwriters' Takedown will accrue to you as Managing Underwriter. Upon notification from you that the public offering is to commence, we hereby agree with you and the several other Underwriters to purchase Certificates representing our Unit Commitment on the Public Offering Date. The price to be paid for each such Unit shall be the public offering price on such Date plus the per Unit accrual of interest to the settlement date (estimated at five business days thereafter) less the Underwriters' Takedown. Such payment is to be made by delivering to you within five business days of the Public Offering date, a certified or bank cashier's check in New York City Clearing House funds payable to the order of Bear, Steams & Co. At the Public Offering Date, we will become the owner of such Units and be entitled to the benefits and subject to the risks inherent therein. We will offer to the public in conformity with the terms of the offering and at the then effective public offering price described in the Prospectus any of our Units not reserved by you for sale to retail accounts or to dealers or sold by us directly to dealers as herein authorized. When requested by us from time to time, you shall furnish to us the then effective public offering price. We may sell to dealers part or all of the Units delivered to us for direct sale at the then effective public offering price, plus accrued interest, less he dealer' concession set forth in the Prospectus, subject to your right to change such concession from time to time. Any Units purchased by us after the Public Offering Date as a result of an increase in our Unit Commitment pursuant to Section 11 or which are delivered to us for direct sale pursuant to Section 7 will be purchased by us at the then effective public offering price plus accrued interest, less the Underwriters' Takedown.

Purchase Of Units By The Underwriters. The sales charge contemplated in this transaction is an amount per Unit as described in the Prospectus. The amount set forth in Schedule B hereto will constitute the per Unit sales takedown ("Underwriters' Takedown"). The amount of the Underwriters' Takedown set forth in Schedule B is subject to change upon written notice to each Underwriter by you. The sales charge less the Underwriters' Takedown will accrue to you as Managing UnderwriterUnderwriters. Upon notification from you that the public offering is to commence, we hereby agree with you and the several other Underwriters to purchase Certificates representing our Unit Commitment on the Public Offering Date. The price to be paid for each such Unit shall be the public offering price on such Date plus the per Unit accrual of interest to the settlement date (estimated at five business days thereafter) less the Underwriters' Takedown. Such payment is to be made by delivering to you within five business days of the Public Offering dateDate, a certified or bank cashier's check in New York City Clearing House funds payable to the order of Bear, Steams Xxxxxxx & Co. Inc. At the Public Offering Date, we will become the owner of such Units and be entitled to the benefits and subject to the risks inherent therein. We will offer to the public in conformity with the terms of the offering and at the then effective public offering price described in the Prospectus any of our Units not reserved by you for sale to retail accounts or to dealers or sold by us directly to dealers as herein authorized. When requested by us from time to time, you shall furnish to us the then effective public offering price. We may sell to dealers part or all of the Units delivered to us for direct sale at the then effective public offering price, plus accrued interest, less he the dealer' 's concession set forth in the Prospectus, subject to your right to change such concession from time to time. Any Units purchased by us after the Public Offering Date as a result of an increase in our Unit Commitment pursuant to Section 11 12 or which are delivered to us for direct sale pursuant to Section 7 8 will be purchased by us at the then effective public offering price plus accrued interest, less the Underwriters' Takedown, with no additional accumulation profit participation.

Purchase Of Units By The Underwriters. The sales charge contemplated in this transaction is an amount per Unit as described in the Prospectus. The amount set forth in Schedule B hereto will constitute the per Unit sales takedown ("Underwriters' Takedown"). The amount of the Underwriters' Takedown set forth in Schedule B is subject to change upon written notice to each Underwriter by you. The sales charge less the Underwriters' Takedown will accrue to you as Managing Underwriter. Upon notification from you that the public offering is to commence, we hereby agree with you and the several other Underwriters to purchase Certificates representing our Unit Commitment on the Public Offering Date. The price to be paid for each such Unit shall be the public offering price on such Date plus the per Unit accrual of interest to the settlement date (estimated at five three business days thereafter) less the Underwriters' Takedown. Such payment is to be made by delivering to you within five three business days of the Public Offering dateDate, a certified or bank cashier's check in New York City Clearing House funds payable to the order of Bear, Steams Xxxxxxx & Co. Inc. for the benefit of Xxxxx & Tang Distributors L.P. At the Public Offering Date, we will become the owner of such Units and be entitled to the benefits and subject to the risks inherent therein. We will offer to the public in conformity with the terms of the offering and at the then effective public offering price described in the Prospectus any of our Units not reserved by you for sale to retail accounts or to dealers or sold by us directly to dealers as herein authorized. When requested by us from time to time, you shall furnish to us the then effective public offering price. We may sell to dealers part or all of the Units delivered to us for direct sale at the then effective public offering price, plus accrued interest, less he the dealer' 's concession set forth in the Prospectus, subject to your right to change such concession from time to time. Any Units purchased by us after the Public Offering Date as a result of an increase in our Unit Commitment pursuant to Section 11 12 or which are delivered to us for direct sale pursuant to Section 7 8 will be purchased by us at the then effective public offering price plus accrued interest, less the Underwriters' Takedown, with no additional accumulation profit participation.

Purchase Of Units By The Underwriters. The sales charge charges and per Unit sales concession ("Underwriter Concession") contemplated in connection with this transaction is an amount per Unit as described offering are those amounts set forth in the Prospectus. The amount set forth Underwriter Concession shall be retained by each Underwriter in Schedule B hereto will constitute accordance with the per Unit sales takedown ("Underwriters' Takedown")following paragraph and any remaining balance shall be remitted after accounting for expenses of the offering in accordance with Section 9. The remainder of the sales charge less the Underwriters' Takedown will accrue to you as Managing Underwriteryou. Upon notification from you that the public offering is to commence, we We hereby agree with you and the several other Underwriters to purchase from you on the Date of Deposit Certificates representing our Unit Underwriter Commitment on the Public Offering Datesuch date. The price to be paid for each such Unit shall be the public offering price on such Date plus Public Offering Price (as defined in the per Unit accrual of interest to the settlement date (estimated at five business days thereafterProspectus) less the Underwriters' TakedownUnderwriter Concession. Such payment is to be made by delivering to you Glickenhaus within five three business days of the Public Offering dateDate of Deposit ("First Settlement Date"), a certified or bank cashier's check in New York City Clearing House Clearinghouse funds payable to the order of Bear, Steams Glickenhaus & Co. At the Public Offering DateDate of Deposit, we will become the owner of such Units and be entitled to the benefits (except for interest accruing thereon from the Date of Deposit to the First Settlement Date) and subject to the risks inherent therein. Pursuant to a Selected Dealers Agreement, a copy of which is attached hereto, we may sell to dealers ("Selected Dealers") part or all of the Units delivered to us for direct sale at the then effective Public Offering Price, plus accrued interest, less the dealers' concessions set forth in the Prospectus. We will offer to the public in conformity with the terms of the public offering and at the then effective public offering price Public Offering Price described in the Prospectus any of our Units not reserved by you for sale to retail accounts or to dealers Selected Dealers or sold by us directly to dealers Selected Dealers as herein authorized. When requested by us from time to time, you shall furnish to us the then effective public offering price. We may sell to dealers part or all of the Units delivered to us for direct sale at the then effective public offering price, plus accrued interest, less he dealer' concession set forth in the Prospectus, subject to your right to change such concession from time to time. Any Units purchased by us after the Public Offering Date as a result of an increase in our Unit Commitment pursuant to Section 11 or which are delivered to us for direct sale pursuant to Section 7 will be purchased by us at the then effective public offering price plus accrued interest, less the Underwriters' TakedownPrice.