Common use of Application of Proceeds Settlement Clause in Contracts

Application of Proceeds Settlement. (a) In the event a Holder of Corporate Units, unless the Applicable Ownership Interests in the Treasury Portfolio have replaced the Applicable Ownership Interests in Debentures as a component of the Corporate Units, has not elected to make an effective Cash Settlement by notifying the Purchase Contract Agent in the manner provided for in Section 5.4(a)(i) of the Purchase Contract Agreement or has not made an Early Settlement or a Fundamental Change Early Settlement of the Purchase Contracts underlying its Corporate Units, such Holder shall be deemed to have consented to the disposition of the Debentures underlying

Application of Proceeds Settlement. (a) In the event a Holder of Corporate Units, unless the Applicable Ownership Interests in the Treasury Portfolio have replaced the Applicable Ownership Interests in Debentures as a component components of the Corporate Units, has not elected to make an effective Cash Settlement by notifying the Purchase Contract Agent in the manner provided for in Section 5.4(a)(i) of the Purchase Contract Agreement or has not made an Early Settlement or a Fundamental Change Early Settlement of the Purchase Contracts underlying its Corporate Units, such Holder shall be deemed to have consented to the disposition of the Debentures underlyingunderlying the Pledged Applicable Ownership Interests in Debentures pursuant to the Remarketing as described in DB 1/ 148045215.3

Application of Proceeds Settlement. (a) In the event a Holder of Corporate Units, unless the Applicable Ownership Interests in the Treasury Portfolio have has replaced the Applicable Ownership Interests in Debentures as a component of the Corporate UnitsDebentures, has not elected to make an effective Cash Settlement by notifying the Purchase Contract Agent in the manner provided for in Section 5.4(a)(i) of the Purchase Contract Agreement or has not made an Early Settlement or a Fundamental Change Early Settlement of the Purchase Contracts underlying its Corporate Units, such Holder shall be deemed to have consented to the disposition of the Debentures underlyingunderlying the Pledged Applicable Ownership Interests in Debentures pursuant to the Remarketing as described in Section 5.4

Application of Proceeds Settlement. (a) In the event a Holder of Corporate Units, unless the Applicable Ownership Interests in the Treasury Portfolio have has replaced the Applicable Ownership Interests in Debentures as a component of the Corporate UnitsDebentures, has not elected to make an effective Cash Settlement by notifying the Purchase Contract Agent in the manner provided for in Section 5.4(a)(i) of the Purchase Contract Agreement or has not made an Early Settlement or a Fundamental Change Early Settlement of the Purchase Contracts underlying its Corporate Units, such Holder shall be deemed to have consented to the disposition of the Debentures underlyingunderlying the Pledged Applicable Ownership Interests in Debentures pursuant to the Remarketing as described in Section 5.4(a)