Common use of PURCHASE BY THE UNDERWRITERS Clause in Contracts

PURCHASE BY THE UNDERWRITERS. On the basis of the representations, warranties and agreements contained herein, and subject to the terms and conditions set forth herein, the Company agrees to issue and sell to the Underwriters, and each of the Underwriters severally and not jointly, agrees to purchase from the Company, at the price and/or principal amount, as the case may be, set forth in the Terms Agreement attached hereto as Exhibit A, together with interest thereon accrued from the date specified in the Terms Agreement and in the respective amounts of the designated Securities set forth opposite the name of each such Underwriter in Schedule I to Exhibit A to such Terms Agreement. The Company shall not be obligated to deliver any of the Securities except upon payment for all the Securities to be purchased as provided in the Terms Agreement.