Common use of Purchases as Principal Clause in Contracts

Purchases as Principal. Each sale of Notes shall be made in accordance with the terms of this Selling Agent Agreement which provides for the sale of such Notes to, and the purchase and reoffering thereof by, the Purchasing Agent as principal. This Selling Agent Agreement may also specify certain provisions relating to the reoffering of such Notes by the Purchasing Agent. The offering of Notes by the Trust hereunder and the Purchasing Agent's agreement to purchase Notes pursuant to the Selling Agent Agreement shall be deemed to have been made on the basis of the representations, warranties and agreements of the Company and the Trust herein contained and shall be subject to the terms and conditions herein set forth. This Selling Agent Agreement describes the Notes to be purchased pursuant thereto by the Purchasing Agent as principal, and specifies, among other things, the principal amount of Notes to be purchased, the interest rate or formula and maturity date or dates of such Notes, the interest payment dates, if any, the net proceeds to the Trust, the initial public offering price at which the Notes are proposed to be reoffered, and the time and place of delivery of and payment for such Notes, whether the Notes provide for a Survivor's Option, whether the Notes are redeemable or repayable and on what terms and conditions, and any other relevant terms. VI.

Appears in 9 contracts

Samples: License Agreement (Protective Life Insurance Co), License Agreement (Protective Life Insurance Co), License Agreement (Protective Life Insurance Co)

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Purchases as Principal. Each sale of Notes to any Agent as principal shall be made in accordance with the terms of this Selling Agreement and a Purchase Agreement whether oral (and confirmed in writing by such Agent Agreement and the Company which provides may be by facsimile transmission) or in writing, which will provide for the sale of such Notes to, and the purchase and reoffering thereof by, the Purchasing Agent as principalsuch Agent. This Selling Agent A Purchase Agreement also may also specify certain provisions relating to the reoffering of such Notes by the Purchasing such Agent. The offering commitment of Notes by the Trust hereunder and the Purchasing Agent's agreement any Agent to purchase Notes pursuant to from the Selling Agent Agreement Company as principal shall be deemed to have been made on the basis of the representations, representations and warranties and agreements of the Company and the Trust herein contained in this Agreement and shall be subject to the terms and conditions herein set forthof this Agreement. This Selling Agent Each Purchase Agreement describes shall specify the principal amount and terms of the Notes to be purchased pursuant thereto by the Purchasing Agent as principal, and specifies, among other thingsan Agent, the principal amount time and date (each such time and date being referred to herein as a "Time of Notes to be purchased, the interest rate or formula and maturity date or dates of such Notes, the interest payment dates, if any, the net proceeds to the Trust, the initial public offering price at which the Notes are proposed to be reoffered, and the time Delivery") and place of delivery of and payment for such Notes and such other information (as applicable) as is set forth in Exhibit C. The Company agrees that if any Agent purchases Notes as principal, such Agent shall receive such compensation, in the form of a discount or otherwise, as shall be indicated in the applicable Purchase Agreement or, if no compensation is indicated therein, a commission in accordance with Exhibit A. Any Agent may utilize a selling or dealer group in connection with the resale of such Notes. In addition, whether the Agents may offer the Notes provide they have purchased as principal to other dealers. Any Agent may sell Notes to any dealer at a discount. Such Purchase Agreement also shall specify any requirements for a Survivor's Optiondelivery of opinions of counsel, whether the Notes are redeemable or repayable accountants' letters and on what terms and conditions, and any other relevant terms. VIofficers' certificates pursuant to Section 5.

Appears in 4 contracts

Samples: First Data Corp, First Data Corp, Distribution Agreement (First Data Corp)

Purchases as Principal. Each sale of Notes shall be made in accordance with the terms of this Selling Agent Agreement which provides for the sale of such Notes to, and the purchase and reoffering thereof by, the Purchasing Agent as principal. This Selling Agent Agreement may also specify certain provisions relating to the reoffering of such Notes by the Purchasing Agent. The offering of Notes by the Trust hereunder and the Purchasing Agent's agreement to purchase Notes pursuant to the Selling Agent Agreement shall be deemed to have been made on the basis of the representations, warranties and agreements of the Company and the Trust herein contained and shall be subject to the terms and conditions herein set forth. This Selling Agent Agreement describes the Notes to be purchased pursuant thereto by the Purchasing Agent as principal, and specifies, among other things, the principal amount of Notes to be purchased, the interest rate or formula and maturity date or dates of such Notes, the interest payment dates, if any, the net proceeds to the Trust, the initial public offering price at which the Notes are proposed to be reoffered, and the time and place of delivery of and payment for such Notes, whether the Notes provide for a Survivor's Option, whether the Notes are redeemable or repayable and on what terms and conditions, and any other relevant terms. VI.

Appears in 1 contract

Samples: Protective Life Insurance Co

Purchases as Principal. Each sale of Notes shall be made in accordance with the terms of this the Selling Agent Agreement which provides for the sale of such Notes to, and the purchase and reoffering thereof by, the Purchasing Agent as principal. This The Selling Agent Agreement may also specify certain provisions relating to the reoffering of such Notes by the Purchasing Agent. The offering of Notes by the Trust hereunder and the Purchasing Agent's ’s agreement to purchase Notes pursuant to the Selling Agent Agreement shall be deemed to have been made on the basis of the representations, warranties and agreements of the Company and the Trust herein contained and shall be subject to the terms and conditions herein set forth. This The Selling Agent Agreement describes the Notes to be purchased pursuant thereto by the Purchasing Agent as principal, and specifies, among other things, the principal amount of Notes to be purchased, the interest rate or formula and maturity date or dates of such Notes, the interest payment dates, if any, the net proceeds to the Trust, the initial public offering price at which the Notes are proposed to be reoffered, and the time and place of delivery of and payment for such Notes, whether the Notes provide for a Survivor's ’s Option, whether the Notes are redeemable or repayable and on what terms and conditions, and any other relevant terms. VI.

Appears in 1 contract

Samples: Selling Agent Agreement (Protective Life Insurance Co)

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Purchases as Principal. Each sale of Notes shall be made in accordance with the terms of this Selling Agent Agreement which provides for the sale of such Notes to, and the purchase and reoffering thereof by, the Purchasing Agent as principal. This Selling Agent Agreement may also specify certain provisions relating to the reoffering of such Notes by the Purchasing Agent. The offering of Notes by the Trust hereunder and the Purchasing Agent's ’s agreement to purchase Notes pursuant to the Selling Agent Agreement shall be deemed to have been made on the basis of the representations, warranties and agreements of the Company and the Trust herein contained and shall be subject to the terms and conditions herein set forth. This Selling Agent Agreement describes the Notes to be purchased pursuant thereto by the Purchasing Agent as principal, and specifies, among other things, the principal amount of Notes to be purchased, the interest rate or formula and maturity date or dates of such Notes, the interest payment dates, if any, the net proceeds to the Trust, the initial public offering price at which the Notes are proposed to be reoffered, and the time and place of delivery of and payment for such Notes, whether the Notes provide for a Survivor's ’s Option, whether the Notes are redeemable or repayable and on what terms and conditions, and any other relevant terms. VI.

Appears in 1 contract

Samples: License Agreement (Protective Life Secured Trust 2003-1)

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