Common use of Purchase and Delivery Clause in Contracts

Purchase and Delivery. The Company hereby agrees to sell to the several Placement Agents, and the Placement Agents, upon the basis of the representations and warranties herein contained, but subject to the conditions hereinafter stated, agree, severally and not jointly, to purchase from the Company the respective principal amount of Notes set forth in Schedule I hereto opposite their names at a purchase price of 97.054% of the principal amount thereof plus accrued interest, if any, from December 22, 1998 to the date of payment and delivery. Payment for the Notes shall be made against delivery of the Notes at a closing (the "Closing") to be held at the office of Shearman & Sterling, 599 ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ 9:00 a.m., New York City time, on December 22, 1998, or at such other time on the same or such other date, not later than December 29, 1998, as shall be designated in writing by you. The time and date of such payment are herein referred to as the Closing Date. Payment for the Notes shall be made by wire transfer to an account previously designated to the Placement Agents by the Company in immediately available funds. Certificates for the Notes shall be in definitive form and registered in such names and in such denominations as you shall request in writing not less than one full business day prior to the Closing Date. The certificates evidencing the Notes shall be delivered to you on the Closing Date for the respective accounts of the several Placement Agents, with any transfer taxes payable in connection with the transfer of the Notes to the Placement Agents duly paid, against payment of the purchase price therefor.

Purchase and Delivery. The Company ITC hereby agrees to sell to the --------------------- several Placement Agents, and the Placement Agents, upon the basis of the representations and warranties herein contained, but subject to the conditions hereinafter stated, agree, severally and not jointly, to purchase from the Company ITC the respective principal amount of Notes set forth in Schedule I hereto opposite their names at a purchase price of 97.05497% of the principal amount thereof plus accrued interest, if any, from December 22June 3, 1998 1997 to the date of payment and delivery. Payment for the Notes shall be made against delivery of the Notes at a closing (the "Closing") to be held at the office of Shearman & Sterling, 599 ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ at 9:00 a.m.A.M., New York City local time, on December 22June 3, 19981997, or at such other time on the same or such other date, not later than December 29June 17, 19981997, as shall be designated in writing by you. The time and date of such payment are herein referred to as the Closing Date. Payment for the Notes shall be made by wire transfer to an account previously designated to the Placement Agents ITC (which will immediately deposit such funds as required by the Company Pledge and Security Agreement) in federal funds or other funds immediately available fundsin New York City. Certificates for the Notes shall be in definitive form and registered in such names and in such denominations as you shall request in writing not less than one full business day prior to the Closing Date. The certificates evidencing the Notes shall be delivered to you on the Closing Date for the respective accounts of the several Placement Agents, with any transfer taxes payable in connection with the transfer of the Notes to the Placement Agents duly paid, against payment of the purchase price therefor.

Purchase and Delivery. The Company GST Funding hereby agrees to sell to the several Placement Agents, and the Placement Agents, upon the basis of the representations and warranties contained herein contained, but subject to the conditions hereinafter statedstated herein, agree, severally and not jointly, to purchase from the Company GST Funding, the respective principal amount at maturity of Notes set forth in Schedule I hereto opposite their names at a purchase price of 97.05496.5% of the principal amount thereof at maturity thereof, plus accrued interest, if any, from December 22May 4, 1998 to the date of payment and delivery. Payment for the Notes shall be made against delivery of the Notes at a closing (the "Closing") to be held at the office offices of Shearman & Sterling, 599 ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇Lexington Avenue, ▇▇▇ ▇New Y▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ 9:00 a.m.▇:▇▇ ▇.▇., New York City time▇▇▇▇▇ ▇▇▇▇, on December 22May 4, 1998, or at such other time on the same or such other date, not later than December 29May 19, 1998, as shall be designated in writing by you. The time and date of such payment are herein referred to as the "Closing Date. ." Payment for the Notes shall be made to GST Funding by wire transfer to an account previously designated to the Placement Agents by the Company GST Funding in immediately available funds. Certificates for the Notes shall be in definitive form and registered in such names and in such denominations as you shall request in writing not less than one full business day prior to the Closing Date. The certificates evidencing the Notes shall be delivered to you on the Closing Date for the respective accounts of the several Placement Agents, with any transfer taxes payable in connection with the transfer of the Notes to the Placement Agents duly paid, against payment of the purchase price therefor.

Purchase and Delivery. The Company hereby agrees to sell to the several Placement Agents, and the Placement Agents, upon the basis of the representations and warranties herein contained, but subject to the conditions hereinafter stated, agree, severally and not jointly, to purchase from the Company the respective principal amount of Notes set forth in Schedule I hereto opposite their names at a purchase price of 97.05497% of the principal amount thereof plus accrued interest, if any, from December 2219, 1998 1996 to the date of payment and delivery. Payment for the Notes shall be made against delivery of the Notes at a closing (the "Closing") to be held at the office of Shearman & Sterling, 599 ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co. Incorporated, ▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ 9:00 a.m.at 10:00 A.M., New York City local time, on December 2219, 19981996, or at such other time on the same or such other date, not later than December 29January 6, 19981997, as shall be designated in writing by you. The time and date of such payment are herein referred to as the Closing Date. Payment for the Notes shall be made by wire transfer to an account previously designated to the Placement Agents or as directed by the Company in Federal or other funds immediately available fundsin New York City. Certificates for the Notes shall be in definitive form and registered in such names and in such denominations as you shall request in writing not less than one full business day prior to the Closing Date. The certificates evidencing the Notes shall be delivered to you on the Closing Date for the respective accounts of the several Placement Agents, with any transfer taxes payable in connection with the transfer of the Notes to the Placement Agents duly paid, against payment of the purchase price therefor.

Purchase and Delivery. The Company GST Funding hereby agrees to sell to the several Placement Agents, and the Placement Agents, upon the basis of the representations and warranties contained herein contained, but subject to the conditions hereinafter statedstated herein, agree, severally and not jointly, to purchase from the Company GST Funding, the respective principal amount of Notes set forth in Schedule I hereto opposite their names at a purchase price of 97.05496.75% of the principal amount thereof thereof, plus accrued interest, if any, from December 22May 13, 1998 1997 to the date of payment and delivery. Payment for the Notes shall be made against delivery of the Notes at a closing (the "Closing") to be held at the office offices of Shearman & Sterling, 599 ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇Lexington Avenue, ▇▇▇ ▇New Y▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ 9:00 a.m.▇:▇▇ ▇.▇., New York City time▇▇▇▇▇ ▇▇▇▇, on December 22May 13, 19981997, or at such other time on the same or such other date, not later than December 29May 28, 19981997, as shall be designated in writing by you. The time and date of such payment are herein referred to as the "Closing Date". Payment for the Notes shall be made to GST Funding by wire transfer to an account previously designated to the Placement Agents by the Company GST Funding in immediately available funds. Certificates for the Notes shall be in definitive form and registered in such names and in such denominations as you shall request in writing not less than one full business day prior to the Closing Date. The certificates evidencing the Notes shall be delivered to you on the Closing Date for the respective accounts of the several Placement Agents, with any transfer taxes payable in connection with the transfer of the Notes to the Placement Agents duly paid, against payment of the purchase price therefor.

Purchase and Delivery. The Company hereby agrees to sell to the several Placement Agents, and the Placement Agents, upon the basis of the representations and warranties herein contained, but subject to the conditions hereinafter stated, agree, severally and not jointly, to purchase from the Company the respective principal amount amounts of Notes Securities set forth in Schedule I hereto opposite their names at a purchase price of 97.05496.5% of the principal amount thereof plus accrued interest, if any, from December 22June 15, 1998 1997 to the date of payment and deliveryClosing Date. Payment for the Notes Securities shall be made against delivery of the Notes Securities at a closing (the "Closing") to be held at the office of Shearman & Sterling, 599 ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ 9:00 a.m.at 10:00 A.M., New York City local time, on December 22September 30, 19981997, or at such other time on the same or such other date, not later than December 29October 10, 19981997, as shall be designated in writing by you. The time and date of such payment are herein referred to as the Closing Date. Payment for the Notes Securities shall be made by wire transfer of immediately available funds to an account previously designated to the Placement Agents by the Company in immediately available fundsCompany. Certificates for the Notes Securities shall be in definitive form and registered in such names and in such denominations as you shall request in writing not less than one three full business day days prior to the Closing Date. The certificates evidencing the Notes Securities shall be delivered to you on the Closing Date for the respective accounts of the several Placement Agents, with any transfer taxes payable in connection with the transfer of the Notes Securities to the Placement Agents duly paid, against payment of the purchase price therefor.