Common use of Creation of Treasury Units by Substitution of Treasury Securities Clause in Contracts

Creation of Treasury Units by Substitution of Treasury Securities. (a) Unless Applicable Ownership Interests in the Treasury Portfolio have replaced the Applicable Ownership Interests in Senior Notes as a component of the Corporate Units, and subject to the conditions set forth in this Agreement, a Holder of Corporate Units may, at any time from and after the date of this Agreement and prior to 5:00 p.m. (New York City time) on the seventh Business Day immediately preceding the Purchase Contract Settlement Date, effect a Collateral Substitution and separate the Senior Notes underlying Applicable Ownership Interests in Senior Notes in respect of such Holder’s Corporate Units by substituting for such Applicable Ownership Interests in Senior Notes, Treasury Securities in an aggregate principal amount at maturity equal to the aggregate principal amount of the Senior Notes underlying the Applicable Ownership Interests in Senior Notes; provided that Holders may make Collateral Substitutions only in integral multiples of 40 Corporate Units. To effect such substitution, the Holder must:

Creation of Treasury Units by Substitution of Treasury Securities. (a) Unless Applicable Ownership Interests in the Treasury Portfolio have replaced the Applicable Ownership Interests in Senior Notes as a component of the Corporate Units, and subject to the conditions set forth in this Agreement, a Holder of Corporate Units may, at any time from and after the date of this Agreement and on or prior to 5:00 p.m. (New York City time) the close of business on the seventh Business Day immediately preceding the Purchase Contract Settlement Date, effect a Collateral Substitution and separate the Senior Notes underlying the Applicable Ownership Interests in Senior Notes in respect of such Holder’s Corporate Units by substituting for such Applicable Ownership Interests in Senior Notes, Treasury Securities in an aggregate principal amount at maturity equal to the aggregate principal amount of the Senior such Notes underlying the Applicable Ownership Interests in Senior Notes; provided that (i) Holders may make Collateral Substitutions only in integral multiples of 40 20 Corporate UnitsUnits and (ii) no Collateral Substitution shall be effected during a Restricted Period. To effect such substitution, the Holder must:

Creation of Treasury Units by Substitution of Treasury Securities. (a) Unless Applicable Ownership Interests in the Treasury Portfolio have replaced the Applicable Ownership Interests in Senior Notes as a component of the Corporate UnitsUnits as a result of a Special Event Redemption, and subject to the conditions set forth in this Agreement, and subject to the limitations on a Collateral Substitution in connection with an Optional Remarketing as set forth under Section 5.02 below, a Holder of Corporate Units may, at any time from and after the date of this Agreement and prior to 5:00 p.m. (New York City time) on the seventh second Business Day immediately preceding the Purchase Contract Settlement Datefirst day of the Final Remarketing Period, effect a Collateral Substitution and separate the Senior Notes underlying Applicable Ownership Interests in Senior Notes in respect of such Holder’s 's Corporate Units by substituting for such Applicable Ownership Interests in Senior Notes, Treasury Securities in an aggregate principal amount at maturity equal to the aggregate principal amount of the Senior Notes underlying the Applicable Ownership Interests in Senior Notes; provided that Holders may make Collateral Substitutions only in integral multiples of 40 20 Corporate Units. In no event may a Holder of Corporate Units effect a Collateral Substitution following a Successful Optional Remarketing. To effect such substitution, the Holder must:

Creation of Treasury Units by Substitution of Treasury Securities. (a) Unless Applicable Ownership Interests in the Treasury Portfolio have replaced the Applicable Ownership Interests in Senior Notes as a component of the Corporate Units, and subject Subject to the conditions set forth in this Agreement, and subject to the limitations on a Collateral Substitution in connection with an Early Remarketing as set forth under Section 5.02 below, a Holder of Corporate Units may, at any time from and after the date of this Agreement and prior to 5:00 4:00 p.m. (New York City time) on the seventh Business Day immediately preceding the Purchase Contract Settlement DateDate (other than during the Restricted Period), effect a Collateral Substitution and separate the Senior Notes underlying the Pledged Applicable Ownership Interests in Senior Notes in respect of such Holder’s Corporate Units by substituting for such Pledged Applicable Ownership Interests in Senior Notes, Treasury Securities in an aggregate principal amount at maturity equal to the aggregate principal amount of the Senior Notes underlying the Pledged Applicable Ownership Interests in Senior Notes; provided that Holders may make Collateral Substitutions only in integral multiples of 40 20 Corporate Units. To effect such substitution, the Holder must:

Creation of Treasury Units by Substitution of Treasury Securities. (a) Unless Applicable Ownership Interests in the Treasury Portfolio have replaced the Applicable Ownership Interests in Senior Subordinated Notes as a component of the Corporate Units, and subject to the conditions set forth in this Agreement, a Holder of Corporate Units may, at any time from and after the date of this Agreement and prior to 5:00 p.m. (New York City time) on the seventh Business Day immediately preceding the Purchase Contract Settlement Date, effect a Collateral Substitution and separate the Senior Subordinated Notes underlying Applicable Ownership Interests in Senior Subordinated Notes in respect of such Holder’s Corporate Units by substituting for such Applicable Ownership Interests in Senior Subordinated Notes, Treasury Securities in an aggregate principal amount at maturity equal to the aggregate principal amount of the Senior Subordinated Notes underlying the Applicable Ownership Interests in Senior Subordinated Notes; provided that Holders may make Collateral Substitutions only in integral multiples of 40 Corporate Units. To effect such substitution, the Holder must:

Creation of Treasury Units by Substitution of Treasury Securities. (a) Unless the Pledged Applicable Ownership Interests in the Treasury Portfolio have replaced the Pledged Applicable Ownership Interests in Senior Notes as a component of the Corporate Units, and subject to the conditions set forth in this Agreement, a Holder of Corporate Units may, at any time from and after the date of this Agreement and prior to 5:00 p.m. (New York City time) on the seventh second Business Day immediately preceding the Purchase Contract Settlement First Remarketing Date, effect a Collateral Substitution and separate the Senior Notes underlying the Pledged Applicable Ownership Interests in Senior Notes in respect of such Holder’s Corporate Units by substituting for such Pledged Applicable Ownership Interests in Senior Notes, Treasury Securities in an aggregate principal amount at maturity equal to the aggregate principal amount of the Senior Notes underlying the Pledged Applicable Ownership Interests in Senior Notes; provided that Holders may make Collateral Substitutions only in integral multiples of 40 Corporate Units. To effect such substitution, the Holder must:

Creation of Treasury Units by Substitution of Treasury Securities. (a) Unless the Pledged Applicable Ownership Interests in the Treasury Portfolio have replaced the Pledged Applicable Ownership Interests in Senior Notes as a component of the Corporate Units, and subject to the conditions set forth in this Agreement, and subject to the limitations on a Collateral Substitution in connection with an Early Remarketing as set forth under Section 5.02 below, a Holder of Corporate Units may, at any time from and after the date of this Agreement and prior to 5:00 4:00 p.m. (New York City time) on the seventh Business Day immediately preceding the Purchase Contract Settlement DateDate (other than during the Restricted Period or following a Successful Early Remarketing), effect a Collateral Substitution and separate the Senior Notes underlying the Pledged Applicable Ownership Interests in Senior Notes in respect of such Holder’s Corporate Units by substituting for such Pledged Applicable Ownership Interests in Senior Notes, Treasury Securities in an aggregate principal amount at maturity equal to the aggregate principal amount of the Senior Notes underlying the Pledged Applicable Ownership Interests in Senior Notes; provided that Holders may make Collateral Substitutions only in integral multiples of 40 Corporate Units. To effect such substitution, the Holder must:

Creation of Treasury Units by Substitution of Treasury Securities. (a) Unless Applicable Ownership Interests in the Treasury Portfolio have replaced the Applicable Ownership Interests in Senior Notes as a component of the Corporate Units, and subject to the conditions set forth in this Agreement, a Holder of Corporate Units may, at any time from and after the date of this Agreement and prior to 5:00 p.m. (New York City time) on the seventh Business Day immediately preceding the Purchase Contract Settlement Date, effect a Collateral Substitution and separate the Senior Notes underlying Applicable Ownership Interests in Senior Notes in respect of such Holder’s Corporate Units by substituting for such Applicable Ownership Interests in Senior Notes, Treasury Securities in an aggregate principal amount at maturity equal to the aggregate principal amount of the Senior Notes underlying the Applicable Ownership Interests in Senior Notes; provided that Holders may make Collateral Substitutions only in integral multiples of 40 20 Corporate Units. To effect such substitution, the Holder must:

Creation of Treasury Units by Substitution of Treasury Securities. (a) Unless the Applicable Ownership Interests in the Treasury Portfolio have replaced the Applicable Ownership Interests in Senior Notes as a component of the Corporate Units, and subject to the conditions set forth in this Agreement, a Holder of Corporate Units may, at any time from and after the date of this Agreement and on or prior to 5:00 p.m. (New York City time) the close of business on the seventh second Business Day immediately preceding the Purchase Contract Settlement DateDate (except as provided in clause (c) below), effect a Collateral Substitution and separate the Senior Notes underlying the Pledged Applicable Ownership Interests in Senior Notes from the related Purchase Contracts in respect of such Holder’s Corporate Units by substituting for such Pledged Applicable Ownership Interests in Senior Notes, Treasury Securities in an aggregate principal amount at maturity equal to the aggregate principal amount of the Senior Notes underlying the such Applicable Ownership Interests in Senior Notes; provided that Holders may make such a Collateral Substitutions Substitution only in integral multiples of 40 20 Corporate Units. To effect such substitution, the Holder must: