Common use of Purchase, Sale, Delivery and Payment; Representations and Warranties and Covenants of the Underwriters Clause in Contracts

Purchase, Sale, Delivery and Payment; Representations and Warranties and Covenants of the Underwriters. (a) The Company agrees to issue and sell to the several Underwriters the Notes upon the terms herein set forth and, on the basis of the representations, warranties and agreements and upon the terms but subject to the conditions herein set forth, each Underwriter agrees, severally and not jointly, to purchase from the Company the respective aggregate principal amount of the Notes set forth opposite such Underwriter's names on Schedule A. The purchase price per Note to be paid by the several Underwriters to the Company shall be equal to 98.25% of the principal amount thereof, plus accrued interest, if any, from May 31, 2013 to the Closing Date (as defined below). The Company will not be obligated to deliver any of the Notes except upon payment for all the Notes to be purchased as provided hereunder.

Appears in 1 contract

Samples: Underwriting Agreement (Meritor Inc)

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Purchase, Sale, Delivery and Payment; Representations and Warranties and Covenants of the Underwriters. (a) The Company agrees to issue and sell to the several Underwriters the Notes upon the terms herein set forth and, on the basis of the representations, warranties and agreements and upon the terms but subject to the conditions herein set forth, each Underwriter agrees, severally and not jointly, to purchase from the Company the respective aggregate principal amount of the Notes set forth opposite such Underwriter's names on Schedule A. The purchase price per Note to be paid by the several Underwriters to the Company shall be equal to 98.25% of the principal amount thereof, plus accrued interest, if any, from May 31February 13, 2013 2014 to the Closing Date (as defined below). The Company will not be obligated to deliver any of the Notes except upon payment for all the Notes to be purchased as provided hereunder.

Appears in 1 contract

Samples: Underwriting Agreement (Meritor Inc)

Purchase, Sale, Delivery and Payment; Representations and Warranties and Covenants of the Underwriters. (a) The Company agrees to issue and sell to the several Underwriters the Notes upon the terms herein set forth and, on the basis of the representations, warranties and agreements and upon the terms but subject to the conditions herein set forth, each Underwriter agrees, severally and not jointly, to purchase from the Company the respective aggregate principal amount of the Notes set forth opposite such Underwriter's names on Schedule A. The purchase price per Note to be paid by the several Underwriters to the Company shall be equal to 98.2598.375% of the principal amount thereof, plus accrued interestinterest from February 15, if any, from May 31, 2013 2015 to the Closing Date (as defined below). The Company will not be obligated to deliver any of the Notes except upon payment for all the Notes to be purchased as provided hereunder.

Appears in 1 contract

Samples: Underwriting Agreement (Meritor Inc)

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Purchase, Sale, Delivery and Payment; Representations and Warranties and Covenants of the Underwriters. (a) The Company agrees to issue and sell to the several Underwriters the Notes upon the terms herein set forth and, on the basis of the representations, warranties and agreements and upon the terms but subject to the conditions herein set forth, each Underwriter agrees, severally and not jointly, to purchase from the Company the respective aggregate principal amount of the Notes set forth opposite such Underwriter's ’s names on Schedule A. The purchase price per Note to be paid by the several Underwriters to the Company shall be equal to 98.2595.774% of the principal amount thereof, plus accrued interest, if any, from May 31March 3, 2013 2010 to the Closing Date (as defined below). The Company will not be obligated to deliver any of the Notes except upon payment for all the Notes to be purchased as provided hereunder.

Appears in 1 contract

Samples: Underwriting Agreement (Arvinmeritor Inc)

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