Common use of Issuance and Purchase of the Notes Clause in Contracts

Issuance and Purchase of the Notes. If the Dealer and the Issuer shall agree upon the sale of any Notes to or through the Dealer (including, but not limited to, agreement with respect to the price, principal amount, maturity and interest or discount rate thereof), (i) instructions to the Paying Agent to complete, authenticate and deliver the Notes shall be given in the manner described in the Paying Agency Agreement and (ii) the authentication and delivery to the Dealer of such Notes by the Paying Agent against payment of the purchase price therefor shall constitute the issuance of such Notes by the Issuer.