Common use of Purchase of the Units Clause in Contracts

Purchase of the Units. (a) The Company agrees to issue and sell the Firm Units to the several Underwriters as provided in this underwriting agreement (this “Agreement”), and each Underwriter, on the basis of the representations, warranties and agreements set forth herein and subject to the conditions set forth herein, agrees, severally and not jointly, to purchase at a price per unit of $9.80 (the “Purchase Price”) from the Company the respective number of Firm Units set forth opposite such Underwriter’s name in Schedule 1 hereto; provided that the purchase price for any Firm Units that are PIMCO IPO Units shall be $10.00. The number of PIMCO IPO Units to be purchased by each Underwriter shall be based upon the same percentage of the total number of the PIMCO IPO Units to be purchased by the several Underwriters as such Underwriter is purchasing of the aggregate Firm Securities, subject to such adjustments as the Representative in its absolute discretion shall make to eliminate any fractional PIMCO IPO Units. “PIMCO IPO Units” shall mean the [•] Firm Units to be purchased by one or more funds affiliated with Pacific Investment Management Company LLC or its affiliates.

Purchase of the Units. (a) The Company agrees to issue and sell the Firm Units to the several Underwriters as provided in this underwriting agreement (this “Agreement”), and each Underwriter, on the basis of the representations, warranties and agreements set forth herein and subject to the conditions set forth herein, agrees, severally and not jointly, to purchase at a price per unit of $9.80 (the “Purchase Price”) from the Company the respective number of Firm Units set forth opposite such Underwriter’s name in Schedule 1 hereto; provided that the purchase price for any Firm Units that are PIMCO IPO Units shall be $10.00. The number of PIMCO IPO Units to be purchased by each Underwriter shall be based upon the same percentage of the total number of the PIMCO IPO Units to be purchased by the several Underwriters as such Underwriter is purchasing of the aggregate Firm Securities, subject to such adjustments as the Representative in its absolute discretion shall make to eliminate any fractional PIMCO IPO Units. “PIMCO IPO Units” shall mean the [•] 2,475,000 Firm Units to be purchased by one or more funds affiliated with Pacific Investment Management Company LLC or its affiliates.