Common use of Purchase of the Offered Securities Clause in Contracts

Purchase of the Offered Securities. The several commitments of the Underwriters to purchase the Offered Securities pursuant to the applicable Terms Agreement shall be deemed to have been made on the basis of the representations and warranties herein contained and shall be subject to the terms and conditions herein set forth.

Appears in 2 contracts

Sources: Underwriting Agreement (Merrill Auto Trust Securitization 2008-1), Underwriting Agreement (Pooled Auto Securities Shelf LLC)