Corporate Units Clause Samples

Corporate Units. The Corporate Unit certificates have been duly and validly authorized and on the Closing Date, when paid for by the Underwriters pursuant to this Agreement, will be duly executed and delivered.

Corporate Units. This Corporate Unit Certificate certifies that ___________ is the registered Holder of the number of Corporate Units set forth above. Each Corporate Unit represents (i) either (a) beneficial ownership by the Holder of $50 principal amount of 5.25% senior notes due August 16, 2007 (the "Notes") of The St. Paul Companies, Inc., a Minnesota corporation (the "Company", which ▇▇▇m, as used herein, includes its successors pursuant to the Purchase Contract Agreement), subject to the Pledge of such Note by such Holder pursuant to the Pledge Agreement or (b) upon the occurrence of a Tax Event Redemption prior to the Purchase Contract Settlement Date, a Successful Initial Remarketing or Successful Secondary Remarketing, the appropriate Applicable Ownership Interest in the Treasury Portfolio, subject to the Pledge of such Applicable Ownership Interest in the Treasury Portfolio by such Holder pursuant to the Pledge Agreement, and (ii) the rights and obligations of the Holder under one Purchase Contract with the Company. All capitalized terms used and not defined herein which are defined in the Purchase Contract Agreement have the meaning set forth therein. Pursuant to the Pledge Agreement, the Notes or the appropriate Applicable Ownership Interest in the Treasury Portfolio, as the case may be, constituting part of each Corporate Unit evidenced hereby have been pledged to the Collateral Agent, for the benefit of the Company, to secure the obligations of the Holder under the Purchase Contract comprising a portion of such Corporate Units. The Pledge Agreement provides that all payments of principal on the pledged Notes or the appropriate Applicable Ownership Interest (as specified in clause (i) of the definition of such term) in the Treasury Portfolio, as the case may be, or interest payments on any pledged Notes (as defined in the Pledge Agreement) or the appropriate Applicable Ownership Interest (as specified in clause (ii) of the definition of such term) in the Treasury Portfolio, as the case may be, constituting part of the Corporate Units received by the Collateral Agent shall be paid by the Collateral Agent by wire transfer in same day funds (i) in the case of (A) interest payments with respect to pledged Notes or the appropriate Applicable Ownership Interest (as specified in clause (ii) of the definition of such term) in the Treasury Portfolio, as the case may be, and (B) any payments of principal or the appropriate Applicable Ownership Interest (as specified in c...

Corporate Units. This Corporate Units Certificate certifies that is the registered Holder of the number of Corporate Units set forth above [For inclusion in Global Certificates only — or such other number of Corporate Units reflected in the Schedule of Increases or Decreases in Global Certificate attached hereto, which number shall not exceed 3,000,000 (or 3,450,000 if the Underwriters exercise their overallotment option to purchase additional Units in full as set forth in the Underwriting Agreement)]. Each Corporate Unit consists of (i) beneficial ownership by the Holder of either (A) prior to the occurrence of a Special Event Redemption (1) an Applicable Ownership Interest in Notes, or (2) on and after a Successful Early Remarketing, (x) an Applicable Ownership Interest in the Remarketing Treasury Portfolio, subject to the Pledge of such Applicable Ownership Interest in the Remarketing Treasury Portfolio by the Holder pursuant to the Purchase Contract and Pledge Agreement (except that only the Pledged Applicable Ownership Interest in the Treasury Portfolio shall be subject to the Pledge), and (y) if the Reset Effective Date occurs on a date that is not also an Interest Payment Date, prior to the Interest Payment Date next following the Reset Effective Date (assuming a Remarketing of the Notes had not occurred), the right to receive the interest accrued on the 1/20, or 5.00%, undivided beneficial ownership interest in $1,000 principal amount of Notes from and including the Interest Payment Date immediately preceding the Reset Effective Date to, but excluding, the Reset Effective Date (assuming the interest rate had not been reset), or (B) on or after the occurrence of a Special Event Redemption but prior to the Purchase Contract Settlement Date, an Applicable Ownership Interest in the Special Event Treasury Portfolio, subject to the Pledge of such Applicable Ownership Interest in the Special Event Treasury Portfolio by the Holder pursuant to the Purchase Contract and Pledge Agreement (except that the Applicable Ownership Interest in the Special Event Treasury Portfolio specified in clause (ii) of each paragraph of the definition thereof shall not be subject to the Pledge), and (ii) the rights and obligations of the Company and the Holder under one Purchase Contract. All capitalized terms used herein that are defined in the Purchase Contract and Pledge Agreement (as defined on the reverse hereof) have the meaning set forth therein. Pursuant to the Purchase Contract and Ple...

Corporate Units. (h) Initial Remarketing; (i) Purchase Contract Agent; (j)