Common use of Purchase and Offering of Securities Clause in Contracts

Purchase and Offering of Securities. The obligation of the Trust to issue and sell the Preferred Securities and the obligation of any of the Underwriters to purchase the Preferred Securities shall be evidenced by the Pricing Agreement, which shall specify the aggregate number of the Initial Preferred Securities, the maximum member of Option Preferred Securities, if any, the initial public offering price of such Initial Preferred Securities and Option Preferred Securities, if any, or the manner of determining such price, the variable terms of the Preferred Securities, including whether and the terms on which and terms of the Junior Subordinated Debentures into which the Preferred Securities may be exchangeable, the form of the Preferred Securities, the purchase price to the Underwriters of such Preferred Securities, the names of the Underwriters of such Preferred Securities (subject to substitution as provided by Section 7 herein), the names of the Representatives of such Underwriters, the number of such Preferred Securities to be purchased by each Underwriter and the commission payable to the Underwriters with respect thereto and shall set forth the date, time and manner of delivery of

Purchase and Offering of Securities. The obligation of the Trust to issue and sell the Preferred Securities and the obligation of any of the Underwriters to purchase the Preferred Securities shall be evidenced by the Pricing Agreement, which shall specify the aggregate number of the Initial Preferred Securities, the maximum member of Option Preferred Securities, if any, the initial public offering price of such Initial Preferred Securities and Option Preferred Securities, if any, or the manner of determining such price, the variable terms of the Preferred Securities, including whether and the terms on which and terms of the Junior Subordinated Debentures into which the Preferred Securities may be exchangeable, the form of the Preferred Securities, the purchase price to the Underwriters of such Preferred Securities, the names of the Underwriters of such Preferred Securities (subject to substitution as provided by Section 7 herein), the names of the Representatives of such Underwriters, the number of such Preferred Securities to be purchased by each Underwriter and the commission payable to the Underwriters with respect thereto and shall set forth the date, time and manner of delivery ofof such Initial Preferred Securities and Option Preferred Securities, if any, and payment therefor. The Pricing Agreement shall be in the form of an executed writing (which may be in counterparts), and may be evidenced by an exchange of telegraphic communications or any other