Common use of CLOSING OF PURCHASE AND SALE OF NOTES Clause in Contracts

CLOSING OF PURCHASE AND SALE OF NOTES. The sale and purchase of the Notes to be purchased by the Purchasers shall occur at such place and time as the Issuer and the Purchasers may mutually agree (the consummation of such sale and purchase being referred to herein as the "CLOSING" and the date on which the Closing occurs being referred to herein as the "CLOSING DATE"). At the Closing the Issuer will deliver to each Purchaser the Notes in the form of a single Note (or such greater number of Notes in denominations of at least $10,000 as the Purchasers may request) dated the date of the Closing and registered in each Purchaser's name (or in the name of such Purchaser's nominee), against delivery by such Purchaser to each Obligor or its order of immediately available funds in the amount of the purchase price therefor by wire transfer of immediately available funds to an account or accounts specified by the Issuer in a written notice to the Purchasers. If at the Closing the Issuer shall fail to tender such Notes to the Purchasers as provided above in this Section 4.01, or any of the other conditions specified in ------------

CLOSING OF PURCHASE AND SALE OF NOTES. The sale and purchase of the Notes to be purchased by the Purchasers Purchaser shall occur at such place and time as the Issuer and the Purchasers Purchaser may mutually agree (the consummation of such sale and purchase being referred to herein as the "CLOSING" and the date on which the Closing occurs being referred to herein as the "CLOSING DATE"). At the Closing the Issuer each Obligor will deliver to each the Purchaser the Notes in the form of a single Note (or such greater number of Notes in denominations of at least $10,000 100,000 as the Purchasers Purchaser may request) dated the date of the Closing and registered in each the Purchaser's name (or in the name of such the Purchaser's nominee), against delivery by such the Purchaser to each Obligor or its order of immediately available funds in the amount of the purchase price therefor $24,500,000 by wire transfer of immediately available funds to an account or accounts specified by the Issuer Issuers in a written notice to the PurchasersPurchaser. If at the Closing the Issuer Issuers shall fail to tender such Notes to the Purchasers Purchaser as provided above in this Section 4.01, or any of the ------------ other conditions specified in ------------Section 4.02 shall not have been fulfilled to the ------------ Purchaser's satisfaction, the Purchaser shall, at its election, be relieved of all further obligations under this Agreement, without thereby waiving any rights the Purchaser may have by reason of such failure or such nonfulfillment.