Cash for Fractional Shares. To sell, in the principal market therefor, on the Exchange Date, a number of Shares equal to the aggregate number of fractional Shares determined pursuant to clause (i) (B) above, rounded down to the nearest integral number; and to determine the difference between (A) the aggregate proceeds of such sale (net of any brokerage or related expenses) and (B) the product of the number of Shares so sold and the Average Market Price; and, in accordance with Section 2.3 of the Indemnity Agreement, to pay such difference, if positive, to Seller, or to request payment of such difference, if negative, from Seller;
Appears in 3 contracts
Samples: Trust Agreement (Eleventh Automatic Common Exchange Security Trust), Trust Agreement (Tenth Automatic Common Exchange Security Trust), Trust Agreement (Amdocs Automatic Common Exchange Security Trust)
Cash for Fractional Shares. To sell, in the principal market therefor, on the Exchange Date, a number of Shares equal to the aggregate number of fractional Shares determined pursuant to clause (i) (B) above, rounded down to the nearest integral number; and to determine the difference between (A) the aggregate proceeds of such sale (net of any brokerage or related expenses) and (B) the product of the number of Shares so sold and the Average Market Price; and, in accordance with Section 2.3 of the Indemnity Agreement, to pay such difference, if positive, to Seller, or to request payment of such difference, if negative, from SellerSeller or from the Collateral Agent from the proceeds of the collateral under the Collateral Agreement;
Appears in 1 contract
Samples: Trust Agreement (2009 Dole Food Automatic Common Exchange Security Trust)
Cash for Fractional Shares. To sell, in the principal market therefor, on the Business Day following the Exchange Date, a number of Shares equal to the aggregate number of fractional Shares determined pursuant to clause (i) (B) above, rounded down to the nearest integral number; and to determine the difference between (A) the aggregate proceeds of such sale (net of any brokerage or related expenses) and (B) the product of the number of Shares so sold and the Average Market Price; and, in accordance with Section 2.3 of the Indemnity Agreement, to pay such difference, if positive, to Seller, or to request payment of such difference, if negative, from SellerSeller or from the Collateral Agent from the proceeds of the collateral under the Collateral Agreement;
Appears in 1 contract
Samples: Trust Agreement (Eleventh Automatic Common Exchange Security Trust)
Cash for Fractional Shares. To sell, in the principal market therefor, on the Exchange Date, a number of Shares equal to the aggregate number of fractional Shares determined pursuant to clause (i) (Bi)(B) above, rounded down to the nearest integral number; and to determine the difference between (A) the aggregate proceeds of such sale (net of any brokerage or related expenses) and (B) the product of the number of Shares so sold and the Average Market Price; and, in accordance with Section 2.3 of the Indemnity Agreement, to pay such difference, if positive, to Sellerthe Sellers, or to request payment of such difference, if negative, from Sellerthe Sellers or from the Collateral Agent from the proceeds of the collateral under the Collateral Agreements;
Appears in 1 contract
Samples: Trust Agreement (2010 Swift Mandatory Common Exchange Security Trust)
Cash for Fractional Shares. To sell, in the principal market therefor, on the Business Day following the Exchange Date, a number of Shares equal to the aggregate number of fractional Shares determined pursuant to clause (i) (Bi)(B) above, rounded down to the nearest integral number; and to determine the difference between (A) the aggregate proceeds of such sale (net of any brokerage or related expenses) and (B) the product of the number of Shares so sold and the Average Market Price; and, in accordance with Section 2.3 of the Indemnity Agreement, to pay such difference, if positive, to such Seller, or to request payment of such difference, if negative, from such Seller or from the Collateral Agent from the proceeds of the collateral under such Seller’s Collateral Agreement;
Appears in 1 contract
Samples: Trust Agreement (2010 Swift Mandatory Common Exchange Security Trust)
Cash for Fractional Shares. To sell, in the principal market therefor, on the Business Day following the Exchange Date, a number of Shares equal to the aggregate number of fractional Shares determined pursuant to clause (i) (Bi)(B) above, rounded down to the nearest integral number; and to determine the difference between (A) the aggregate proceeds of such sale (net of any brokerage or related expenses) and (B) the product of the number of Shares so sold and the Average Market Price; and, in accordance with Section 2.3 of the Indemnity Agreement, to pay such difference, if positive, to Seller, or to request payment of such difference, if negative, from SellerSeller or from the Collateral Agent from the proceeds of the collateral under the Collateral Agreement;
Appears in 1 contract
Samples: Trust Agreement (2009 Dole Food Automatic Common Exchange Security Trust)
Cash for Fractional Shares. To sell, in the principal market therefor, on the Exchange Date, a number of Shares equal to the aggregate number of fractional Shares determined pursuant to clause (i) (B) above, rounded down to the nearest integral number; and to determine the difference between (A) the aggregate proceeds of such sale (net of any brokerage or related expenses) and (B) the product of the number of Shares so sold and the Average Market Price; and, in accordance with Section 2.3 of the Indemnity Agreement, to pay such difference, if positive, to the Seller, or to request payment of such difference, if negative, from Seller;
Appears in 1 contract
Samples: Trust Agreement (Estee Lauder Automatic Common Exchange Security Trust Ii)