Composition of Pledged Items. Notwithstanding Pledgor's right to substitute Collateral pursuant to Section 6(b), the Pledgor shall cause the Collateral to include, on the Exchange Date, unless Pledgor shall have exercised its Cash Delivery Option, a number of shares of Common Stock (and/or, if an Adjustment Event shall have occurred, Reported Securities) at least equal to the number of shares of Common Stock (and/or, if an Adjustment Event shall have occurred, Reported Securities) required to be delivered under the Forward Contract on the Exchange Date. If [the Pledgor] [Holdings] shall have extended the Exchange Date pursuant to Section 1.3(f) of the [Holdings] Forward Contract, the Pledgor shall cause Collateral for Pledgor's obligations to deliver the Extension Amount to consist entirely of Additional Government Securities.
Appears in 2 contracts
Samples: Collateral Agreement (Equity Securities Trust I), Collateral Agreement (Equity Securities Trust Ii)
Composition of Pledged Items. Notwithstanding Pledgor's right to substitute Collateral pursuant to Section 6(b), the Pledgor shall cause the Collateral to include, on the Exchange Date, unless Pledgor shall have exercised its Cash Delivery Option, a number of shares of Common Stock (and/or, if an Adjustment Event shall have occurred, Reported Securities) at least equal to the number of shares of Common Stock (and/or, if an Adjustment Event shall have occurred, Reported Securities) required to be delivered under the Forward Contract on the Exchange Date. If [the Pledgor] [Holdings] Pledgor shall have extended the Exchange Date pursuant to Section 1.3(f) of the [Holdings] Forward Contract, the Pledgor shall cause Collateral for Pledgor's obligations to deliver the Extension Amount to consist entirely of Additional Government Securities.
Appears in 2 contracts
Samples: Collateral Agreement (At&t Corp), Collateral Agreement (At&t Corp)
Composition of Pledged Items. Notwithstanding Pledgor's right to substitute Collateral pursuant to Section 6(b), the Pledgor shall cause the Collateral to include, on the Exchange Date, unless Pledgor shall have exercised its Cash Delivery Option, a number of shares of Common Stock (and/or, if an Adjustment Event shall have occurred, Reported Securities) at least equal to the number of shares of Common Stock (and/or, if an Adjustment Event shall have occurred, Reported Securities) required to be delivered under the Forward Contract on the Exchange Date. If [the Pledgor] [Holdings] Holdings shall have extended the Exchange Date pursuant to Section 1.3(f) of the [Holdings] Holdings Forward Contract, the Pledgor shall cause Collateral for Pledgor's obligations to deliver the Extension Amount to consist entirely of Additional Government Securities.
Appears in 1 contract
Samples: Collateral Agreement (At&t Corp)