Common use of Sale and Purchase of Fixed Rate Notes Clause in Contracts

Sale and Purchase of Fixed Rate Notes. Subject to the terms and conditions of this Agreement, the Borrower issued and sold to each Fixed Rate Note Holder and each Fixed Rate Note Holder purchased from the Borrower, on the date of the Original Credit Agreement, its share of the Fixed Rate Notes at the purchase price of 100% of the principal amount thereof. The Fixed Rate Note Holders’ obligations hereunder are several and not joint, and no Fixed Rate Holder shall have any liability to any Person for the performance or non-performance of any obligation by any other Fixed Rate Note Holder hereunder.

Sale and Purchase of Fixed Rate Notes. Subject to the terms and conditions of this Agreement, the Borrower issued will issue and sold sell to each Fixed Rate Note Holder and each Fixed Rate Note Holder purchased will purchase from the Borrower, on the date of the Original Credit AgreementClosing Date provided for in Section 4.1, its share of the Fixed Rate Notes in the principal amount specified opposite such Fixed Rate Note Holder’s name in Schedule 1.1C at the purchase price of 100% of the principal amount thereof. The Fixed Rate Note Holders’ obligations hereunder are several and not joint, and no Fixed Rate Holder shall have any liability to any Person for the performance or non-performance of any obligation by any other Fixed Rate Note Holder hereunder.