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Common use of Contract Fees Clause in Contracts

Contract Fees. Subject to Section 5.3, if any Contract Fees are or will be payable by the Company to the Holders, the Company shall pay, prior to 2:00 p.m., New York City time, on each Quarterly Payment Date to and including the Stock Purchase Date, the Contract Fees payable in respect of each Purchase Contract to the Person in whose name the Unit Certificate (or one or more Predecessor Unit Certificates) evidencing such Purchase Contract is registered at the close of business on the Record Date next preceding such Quarterly Payment Date. The Company's obligations with respect to such Contract Fees [SUBORDINATION LANGUAGE FROM INDENTURE TO BE INSERTED]. Subject to Section 5.3, if any Contract Fees are or will be payable by the Holders to the Company, the Collateral Agent, on behalf of the Holders, shall pay, on each Quarterly Payment Date to and including the Stock Purchase Date, the Contract Fees payable in respect of each Purchase Contract to the Company. Such payment will be funded out of payments received by the Collateral Agent in respect of Pledged Securities. Each Unit Certificate delivered under this Agreement upon registration of transfer of, in exchange for or in lieu of any other Unit Certificate shall carry the rights to receive and obligations to pay Contract Fees accrued and unpaid, and to accrue, which were carried by the Purchase Contracts evidenced by such other Unit Certificate.

Appears in 2 contracts

Samples: Master Unit Agreement (Providian Financing Iv), Master Unit Agreement (Ati Financing Ii)

Contract Fees. Subject to Section 5.3503, if any Contract Fees are or will be payable by the Company to the Holders, the Company shall pay, prior to 2:00 1:00 p.m., New York City time, on each Quarterly Payment Date to and including the Stock Purchase Date, the Contract Fees payable in respect of each Purchase Contract to the Person in whose name the Unit Certificate (or one or more Predecessor Unit Certificates) evidencing such Purchase Contract is registered at the close of business on the Record Date next preceding such Quarterly Payment Date. [The Company's obligations with respect to such Contract Fees [SUBORDINATION LANGUAGE FROM INDENTURE TO BE INSERTEDsubordination language from indenture to be inserted]. .] Subject to Section 5.3503, if any Contract Fees are or will be payable by the Holders to the Company, the Collateral Agent, on behalf of the Holders, shall pay, on each Quarterly Payment Date to and including the Stock Purchase Date, the Contract Fees payable in respect of each Purchase Contract to the Company. Such payment will be funded out of payments received by the Collateral Agent in respect of Pledged Securities. Each Unit Certificate delivered under this Agreement upon registration of transfer of, in exchange for or in lieu of any other Unit Certificate shall carry the rights to receive and obligations to pay Contract Fees accrued and unpaid, and to accrue, which were carried by the Purchase Contracts evidenced by such other Unit Certificate.

Appears in 1 contract

Samples: Master Unit Agreement (Amerus Life Holdings Inc)

Contract Fees. Subject to Section 5.3503, if any Contract Fees are or will be payable by the Company to the Holders, the Company shall pay, prior to 2:00 p.m., New York City time, on each Quarterly Payment Date to and including the Stock Purchase Date, the Contract Fees payable in respect of each Purchase Contract to the Person in whose name the Unit Certificate (or one or more Predecessor Unit Certificates) evidencing such Purchase Contract is registered at the close of business on the Record Date next preceding such Quarterly Payment Date. The Company's obligations with respect to such Contract Fees [SUBORDINATION LANGUAGE FROM INDENTURE TO BE INSERTED]. Subject to Section 5.3503, if any Contract Fees are or will be payable by the Holders to the Company, the Collateral Agent, on behalf of the Holders, shall pay, on each Quarterly Payment Date to and including the Stock Purchase Date, the Contract Fees payable in respect of each Purchase Contract to the Company. Such payment will be funded out of payments received by the Collateral Agent in respect of Pledged Securities. Each Unit Certificate delivered under this Agreement upon registration of transfer of, in exchange for or in lieu of any other Unit Certificate shall carry the rights to receive and obligations to pay Contract Fees accrued and unpaid, and to accrue, which were carried by the Purchase Contracts evidenced by such other Unit Certificate.

Appears in 1 contract

Samples: Master Unit Agreement (Life Re Capital Trust Ii)