Contract of Sale
Contract of Sale. A valid contract, whether oral or written, by which a third party becomes committed to purchase any Underwritten Certificates from the Underwriter and the Underwriter becomes committed to sell such Underwritten Certificates to such third party; provided that "Contract of Sale" excludes any action by such third party and the Underwriter prior to such commitments.
Contract of Sale. The meaning assigned to that term in, and shall be interpreted in accordance with, Rule 159 of the Securities Act
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