or enforced by the U.S. government, (including, without limitation, the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”) or the U.S. Department of State and including, without limitation, the designation as a “specially designated national” or “blocked person”), the United Nations Security Council (“UNSC”), the European Union, Her Majesty’s Treasury (“HMT”), or other relevant sanctions authority (collectively, “Sanctions”), nor is the Company or any of its subsidiaries located, organized or resident in a country or territory that is the subject or target of Sanctions, including, without limitation, Cuba, Crimea, Iran, North Korea and Syria (each, a “Sanctioned Country”).
(xxix) Neither the issuance, sale and delivery of the Offered Securities nor the application of the proceeds thereof by the Company as described in the Registration Statement, the General Disclosure Package and the Prospectus will violate Regulation T, U or X of the Board of Governors of the Federal Reserve System or any other regulation of such Board of Governors.
(xxx) The Company has not taken, directly or indirectly, any action designed to or that could reasonably be expected to cause or result in any stabilization or manipulation of the price of the Offered Securities.
Section 2.
(a)Purchase and Sale. Subject to the terms and conditions and in reliance upon the representations and warranties herein set forth, the Company agrees to issue and sell to each Underwriter, and each Underwriter agrees, severally and not jointly, to purchase from the Company, the principal amount of Offered Securities set forth opposite the name of such Underwriter in Schedule I hereto at a purchase price of 98.75% of the principal amount thereof, plus accrued interest, if any, from July 16, 2019 to the Closing Date (the “Purchase Price”).
It is understood that the several Underwriters propose to offer the Offered Securities for sale to the public as set forth in the Prospectus.
(b) The Company hereby confirms its engagement of ING Financial Markets LLC as, and ING Financial Markets LLC hereby confirms its agreement with the Company to render services as, a “qualified independent underwriter” within the meaning of Rule 5121 of the Conduct Rules of the Financial Industry Regulatory Authority, Inc. (“FINRA”) with respect to the offering and sale of the Offered Securities. ING Financial Markets LLC, solely in its capacity as qualified independent underwriter and not otherwise, is referred to herein as the “Independent Underwriter.” No compensation will be paid to the Independent Underwriter for its services as such.
Section 3.Delivery and Payment. Delivery of and payment for the Offered Securities shall be made at 10:00 A.M., New York City time in immediately available funds, on July 16, 2019, or such later date (not later than five business days after such specified date) as the Representative and the Company shall mutually agree, which date and time may be postponed by agreement between the Representative and the Company or as provided in Section 9 hereof (such date and time of delivery and payment for the Offered Securities being herein called the “Closing Date”). The Offered Securities shall be registered in such names and issued in such
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