Common use of Purchases as Principal Clause in Contracts

Purchases as Principal. The Agents shall not have any obligation to purchase Notes from the Company as principal. However, absent an agreement between an Agent and the Company that such Agent shall be acting solely as an agent for the Company, such Agent shall be deemed to be acting as principal in connection with any offering of Notes by the Company through such Agent. Accordingly, the Agents, individually or in a syndicate, may agree from time to time to purchase Notes from the Company as principal for resale to investors and other purchasers determined by such Agents. Any purchase of Notes from the Company by an Agent as principal shall be made in accordance with Section 3(a) hereof.

Appears in 24 contracts

Sources: Distribution Agreement (Colgate Palmolive Co), Distribution Agreement (Colgate Palmolive Co), Distribution Agreement (Colgate Palmolive Co)

Purchases as Principal. The Agents shall not have any obligation ---------------------- to purchase Notes from the Company as principal. However, absent an agreement between an Agent and the Company that such Agent shall be acting solely as an agent for the Company, such Agent shall be deemed to be acting as principal in connection with any offering of Notes by the Company through such Agent. Accordingly, the Agents, individually or in a syndicate, may agree from time to time to purchase Notes from the Company as principal for resale to investors and other purchasers determined by such Agents. Any purchase of Notes from the Company by an Agent as principal shall be made in accordance with Section 3(a) hereof.

Appears in 4 contracts

Sources: Distribution Agreement (Pp&l Capital Funding Trust I), Distribution Agreement (Pp&l Capital Funding Trust I), Distribution Agreement (Cabot Industrial Properties Lp)

Purchases as Principal. The Agents shall not have any obligation to ---------------------- purchase Notes from the Company as principal. However, absent an agreement between an Agent and the Company that such Agent shall be acting solely as an agent for the Company, such Agent shall be deemed to be acting as principal in connection with any offering of Notes by the Company through such Agent. Accordingly, the Agents, individually or in a syndicate, may agree from time to time to purchase Notes from the Company as principal for resale to investors and other purchasers determined by such Agents. Any purchase of Notes from the Company by an Agent as principal shall be made in accordance with Section 3(a) hereof.

Appears in 3 contracts

Sources: Distribution Agreement (Colonial Realty Limited Partnership), Distribution Agreement (Pp&l Capital Funding Inc), Distribution Agreement (Washington Real Estate Investment Trust)

Purchases as Principal. The Agents Purchasing Agent shall not have any obligation to purchase Notes from the Company as principal. However, absent an agreement between an the Purchasing Agent and the Company that such for the Purchasing Agent shall be acting solely to act as an agent for the Company, such the Purchasing Agent shall be deemed to be acting as principal in connection with any offering of Notes by the Company through such AgentCompany. Accordingly, the Agents, individually or in a syndicate, Purchasing Agent may agree from time to time to purchase Notes from the Company as principal for resale to investors and other purchasers determined by such AgentsPurchasing Agent. Any purchase of Notes from the Company by an the Purchasing Agent as principal shall be made in accordance with Section 3(a) hereof.

Appears in 2 contracts

Sources: Distribution Agreement (United Parcel Service Inc), Distribution Agreement (Deere John Capital Corp)

Purchases as Principal. The Agents Purchasing Agent shall not have any obligation to purchase Notes from the Company as principal. However, absent an agreement between an the Purchasing Agent and the Company that such for the Purchasing Agent shall be acting solely to act as an agent for the Company, such the Purchasing Agent shall be deemed to be acting as principal in connection with any offering of Notes by the Company through such AgentCompany. Accordingly, the Agents, individually or in a syndicate, Purchasing Agent may agree from time to time to purchase Notes from the Company as principal for resale to investors and other purchasers determined by such AgentsPurchasing Agent. Any purchase of Notes from the Company by an the Purchasing Agent as principal shall be made in accordance with Section 3(a) hereof.

Appears in 1 contract

Sources: Distribution Agreement (General Mills Inc)

Purchases as Principal. The Agents shall not have any ---------------------- obligation to purchase Notes from the Company as principal. However, absent an agreement between an Agent and the Company that such Agent shall be acting solely as an agent for the Company, such Agent shall be deemed to be acting as principal in connection with any offering of Notes by the Company through such Agent. Accordingly, the Agents, individually or in a syndicate, may agree from time to time to purchase Notes from the Company as principal for resale to investors and other purchasers determined by such Agents. Any purchase of Notes from the Company by an Agent as principal shall be made in accordance with Section 3(a) hereof.

Appears in 1 contract

Sources: Distribution Agreement (Puget Sound Energy Inc)

Purchases as Principal. The Agents shall not have ---------------------- any obligation to purchase Notes from the Company as principal. However, absent an agreement between an Agent and the Company that such Agent shall be acting solely as an agent for the Company, such Agent shall be deemed to be acting as principal in connection with any offering of Notes by the Company through such Agent. Accordingly, the Agents, individually or in a syndicate, may agree from time to time to purchase Notes from the Company as principal for resale to investors and other purchasers determined by such Agents. Any purchase of Notes from the Company by an Agent as principal shall be made in accordance with Section 3(a) hereof.

Appears in 1 contract

Sources: Distribution Agreement (Pp&l Capital Funding Inc)

Purchases as Principal. The Agents shall not have any obligation to purchase Notes from the Company Trust as principal. However, absent an agreement by and between the Trust and an Agent and the Company that for such Agent shall be acting solely to act as an agent for the CompanyTrust, such Agent shall be deemed to be acting as principal in connection with any offering of Notes by the Company through such AgentTrust. Accordingly, the Agents, individually or in a syndicate, may agree from time to time to purchase Notes from the Company Trust as principal for resale to investors and other purchasers determined by such Agents. Any purchase of Notes from the Company Trust by an Agent as principal shall be made in accordance with Section 3(a) hereof.

Appears in 1 contract

Sources: Distribution Agreement (Allstate Life Global Funding)

Purchases as Principal. The Agents shall not have any obligation to purchase Notes from the Company as principal. However, absent an agreement between an Agent and the Company that such Agent shall be acting solely as an agent for the Company, such Agent shall be deemed to be acting as principal in connection with any offering of Notes by the Company through such Agent. Accordingly, the Company and the Agents, individually or in a syndicate, may agree from time to time to that such Agents may purchase Notes from the Company as principal for resale to investors and other purchasers determined by such Agents. Any purchase of Notes from the Company by an Agent as principal shall be made in accordance with Section 3(a) hereof.

Appears in 1 contract

Sources: Distribution Agreement (Illinova Corp)

Purchases as Principal. The Agents shall not have any obligation to ---------------------- purchase Notes from the Company as principal. However, absent an agreement between an Agent and the Company that such Agent shall be acting solely as an agent for the Company, such Agent shall be deemed to be acting as principal in connection with any offering of Notes by the Company through such Agent. Accordingly, the Agents, individually or in a syndicate, may agree from time to time to purchase Notes from the Company as principal for or resale to investors and other purchasers determined by such Agents. Any purchase of Notes from the Company by an Agent as principal shall be made in accordance with Section 3(a) hereof.

Appears in 1 contract

Sources: Distribution Agreement (Colgate Palmolive Co)

Purchases as Principal. The Agents Agent shall not have any obligation to purchase Notes from the Company as principal. However, absent an agreement between an the Agent and the Company that such the Agent shall be acting solely as an agent for the Company, such the Agent shall be deemed to be acting as principal in connection with any offering of Notes by the Company through such Agenthereunder. Accordingly, the Agents, individually or in a syndicate, Agent may agree from time to time to purchase Notes from the Company as principal for resale to investors and other purchasers determined by such Agentsthe Agent. Any purchase of Notes from the Company by an the Agent as principal shall be made in accordance with Section 3(a) hereof.

Appears in 1 contract

Sources: Distribution Agreement (Enron Corp/Or/)