A Holder of a. Corporate Unit who has so notified the Agent of its intention to make a Cash Settlement is required to pay the Purchase Price to the Collateral Agent prior to 11:00 a.m., New York City time, on the Business Day immediately preceding the Purchase Contract Settlement Date in lawful money of the United States by certified or cashiers' check or wire transfer, in each case in immediately available funds payable to or upon the order of the Company. Any cash received by the Collateral Agent will be invested promptly by the Collateral Agent in Permitted Investments and paid to the Company on the Purchase Contract Settlement Date in settlement of the Purchase Contract in accordance with the terms of this Agreement and the Pledge Agreement. Any funds received by the Collateral Agent in respect of the investment earnings from the investment in such Permitted Investments, will be distributed to the Agent when received for payment to the Holder.
Appears in 9 contracts
Samples: Purchase Contract Agreement (Sprint Corp), Purchase Contract Agreement (Duke Energy Corp), Purchase Contract Agreement (Kansas City Southern Industries Inc)
A Holder of a. Corporate Normal Unit who has so notified the Purchase Contract Agent of its intention to make a Cash Settlement is required to pay the Purchase Price to the Collateral Agent prior to 11:00 a.m.5:00 p.m., New York City time, on the thirteenth Business Day immediately preceding the Stock Purchase Contract Settlement Date in lawful money of the United States by certified or cashiers' cashier's check or wire transfer, in each case in immediately available funds payable to or upon the order of the CompanyCollateral Agent for deposit in the Collateral Account. Any cash received by the Collateral Agent will be invested promptly by the Collateral Agent in Permitted Investments and paid to the Company on the Stock Purchase Contract Settlement Date in settlement of the Purchase Contract in accordance with the terms of this Agreement and the Pledge Agreement. Any , and any funds received by the Collateral Agent in respect excess of the investment earnings from Purchase Price for the investment in Ordinary Shares to be purchased by such Permitted Investments, will Holder shall be distributed to the Purchase Contract Agent when received for payment to the Holder.
Appears in 3 contracts
Samples: Purchase Contract Agreement (Xl Capital LTD), Purchase Contract Agreement (Xl Capital LTD), Purchase Contract Agreement (Xl Capital LTD)
A Holder of a. Corporate Unit who has so notified the Agent of its intention to make a Cash Settlement is required to pay the Purchase Price to the Collateral Agent prior to 11:00 a.m., New York City time, on the Business Day immediately preceding the Purchase Contract Settlement Date in lawful money of the United States by certified or cashiers' check or wire transfer, in each case in immediately available funds payable to or upon the order of the Company. Any cash received by the Collateral Agent will be invested promptly by the Collateral Agent in Permitted Investments and paid to the Company on the Purchase Contract Settlement Date in settlement of the Purchase Contract in accordance with the terms of this Agreement and the Pledge Agreement. Any funds received by the Collateral Agent in respect of the investment earnings from the investment in such Permitted Investments, Investments will be distributed to the Agent when received for payment to the Holder.
Appears in 2 contracts
Samples: Purchase Contract Agreement (Alltel Corp), Purchase Contract Agreement (Alltel Corp)
A Holder of a. Corporate Unit who has so notified the Agent of its intention to make a Cash Settlement is required to pay the Purchase Price to the Collateral Agent prior to 11:00 a.m., New York City time, on the fourth Business Day immediately preceding the Purchase Contract Settlement Date in lawful money of the United States by certified or cashiers' check or wire transfer, in each case in immediately available funds payable to or upon the order of the Company. Any cash received by the Collateral Agent will be invested promptly by the Collateral Agent in Permitted Investments and paid to the Company on the Purchase Contract Settlement Date in settlement of the Purchase Contract in accordance with the terms of this Agreement and the Pledge Agreement. Any funds received by the Collateral Agent in respect of the investment earnings from the investment in such Permitted Investments, will be distributed to the Agent when received for payment to the Holder.
Appears in 2 contracts
Samples: Purchase Contract Agreement (Duke Energy Corp), Purchase Contract Agreement (Duke Energy Corp)
A Holder of a. Corporate Normal Unit who has so notified the Agent of its intention to make a Cash Settlement is required to pay the Purchase Price to the Collateral Agent prior to 11:00 10:00 a.m., New York City time, on the thirteenth Business Day immediately preceding the Stock Purchase Contract Settlement Date in lawful money of the United States by certified or cashiers' cashier's check or wire transfer, in each case in immediately available funds payable to or upon the order of the CompanyCollateral Agent for deposit in the Collateral Account. Any cash received by the Collateral Agent will be invested promptly by the Collateral Agent in Permitted Investments and paid to the Company on the Stock Purchase Contract Settlement Date in settlement of the Purchase Contract in accordance with the terms of this Agreement and the Pledge Agreement. Any , and any funds received by the Collateral Agent in respect excess of the investment earnings from Purchase Price for the investment in Ordinary Shares to be purchased by such Permitted Investments, will Holder shall be distributed to the Purchase Contract Agent when received for payment to the Holder.
Appears in 1 contract