Common use of Appointment of Dealer Clause in Contracts

Appointment of Dealer. The Company hereby appoints the Dealer to be a non-exclusive dealer in respect of the Notes and the Dealer accepts such appointment subject to the terms and conditions set forth herein. Although (a) the Company has and shall have no obligation to permit the Dealer to purchase any Notes or arrange any sale of Notes for the account of the Company, and (b) the Dealer has and shall have no obligation to purchase any Notes or arrange any sale of Notes for the account of the Company, the parties hereto agree that any purchase of Notes by the Dealer and any sale of Notes arranged by the Dealer will be effected in reliance on, among other things, the representations, warranties, covenants and agreements of the Company contained herein or made pursuant hereto and on the terms and conditions and in the manner herein. From time to time, the Company shall give the Dealer prior written notice of the entity serving as the issuing and paying agent for the Notes (the “Issuing and Paying Agent”). The appointment of the Dealer hereunder is non-exclusive; and, without limiting the generality of the foregoing: (i) the Company currently has appointed, and may at any time or from time to time appoint, one or more other dealers for the Notes; and (ii) the Company may at any time or from time to time sell Notes directly to investors.

Appears in 3 contracts

Samples: Commercial Paper Dealer Agreement (Harris Corp /De/), Commercial Paper Dealer Agreement (Harris Corp /De/), Commercial Paper Dealer Agreement (Harris Corp /De/)

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Appointment of Dealer. The Company hereby appoints the Dealer to be a non-exclusive the dealer in respect of the Notes and the Dealer accepts such appointment subject to the terms and conditions set forth herein. Although (a) the Company has and shall have no obligation to sell Notes to the Dealer or to permit the Dealer to purchase any Notes or arrange any sale of Notes for the account of the Company, and (b) the Dealer has and shall have no obligation to purchase any Notes from the Company or to arrange any sale of Notes for the account of the Company, the parties hereto agree that any purchase of Notes by the Dealer and any sale of Notes to the Dealer or arranged by the Dealer will be effected sold by the Dealer in reliance on, among other things, the representations, warranties, covenants and agreements of the Company contained herein or made pursuant hereto and on the terms and conditions and in the manner provided herein. From time to time, the Company shall give the Dealer prior written notice of the entity serving as the issuing and paying agent for the Notes (the "Issuing and Paying Agent"). The appointment of the Dealer hereunder is non-exclusive; and, without limiting the generality of the foregoing: (i) the Company currently has appointed, and may at any time or from time to time appoint, one or more other dealers for the Notes; and (ii) the Company may at any time or from time to time sell Notes directly to investors.

Appears in 1 contract

Samples: Dealer Agreement (Mercury Finance Co)

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