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) Subject to the conditions set forth in this Agreement, a Holder 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 fifth Business Day immediately preceding the Purchase Contract Settlement Date, effect a Collateral Substitution and separate the Notes from the related Purchase Contracts in respect of such Holder's Corporate Units by substituting for such Notes, Treasury Securities in an aggregate principal amount at maturity equal to the aggregate principal amount of such Notes; provided that Holders may make Collateral Substitutions only in integral multiples of 40 Corporate Units. To effect such substitution, the Holder must:

Appears in 1 contract

Samples: Purchase Contract Agreement (Teekay Shipping Corp)

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Creation of Treasury Units by Substitution of Treasury Securities. (a) 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 fifth second Business Day immediately preceding the Purchase Contract Settlement first Remarketing Date, effect a Collateral Substitution and separate the Convertible Notes from the related Purchase Contracts in respect of such Holder's ’s Corporate Units by substituting for such Convertible Notes, Treasury Securities in an aggregate principal amount at maturity equal to the aggregate principal amount of such the Convertible Notes; provided that Holders may make Collateral Substitutions only in integral multiples of 40 Corporate Units. To effect such substitution, the Holder must:

Appears in 1 contract

Samples: Purchase Contract and Pledge Agreement (Stanley Works)

Creation of Treasury Units by Substitution of Treasury Securities. (a) Subject to the conditions set forth in this AgreementAgreement and unless otherwise provided in the applicable Issuer Order, a Holder 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 fifth Business Day immediately preceding the Purchase Contract Settlement Date, effect a Collateral Substitution and separate the Notes from the related Purchase Contracts in respect of such Holder's Corporate Units by substituting for such Notes, Treasury Securities in an aggregate principal amount at maturity equal to the aggregate principal amount of such Notes; provided that Holders may make Collateral Substitutions only in integral multiples of 40 [40] Corporate UnitsUnits or such other amount as may be designated in the applicable Issuer Order. To effect such substitution, the Holder must:

Appears in 1 contract

Samples: Purchase Contract Agreement (TPG Nv)

Creation of Treasury Units by Substitution of Treasury Securities. (a) Subject to the conditions set forth in this AgreementAgreement and unless otherwise provided in the applicable Issuer Order, a Holder 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 fifth Business Day immediately preceding the Purchase Contract Settlement Date, effect a Collateral Substitution and separate the Notes from the related Purchase Contracts in respect of such Holder's ’s Corporate Units by substituting for such Notes, Treasury Securities in an aggregate principal amount at maturity equal to the aggregate principal amount of such Notes; provided that Holders may make Collateral Substitutions only in integral multiples of 40 Corporate UnitsUnits or such other amount as may be designated in the applicable Issuer Order. To effect such substitution, the Holder must:

Appears in 1 contract

Samples: Purchase Contract Agreement (Aegon Nv)

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Creation of Treasury Units by Substitution of Treasury Securities. (a) Subject Unless the Treasury Portfolio has replaced the Notes as a component of the Corporate Units, and subject to the conditions set forth in this Agreement, a Holder 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 fifth Business Day immediately preceding the Purchase Contract Settlement Date, effect a Collateral Substitution and separate the Notes from the related Purchase Contracts in respect of such Holder's Corporate Units by substituting for such Notes, Treasury Securities in an aggregate principal amount at maturity equal to the aggregate principal amount of such Notes; provided that PROVIDED THAT Holders may make Collateral Substitutions only in integral multiples of 40 ______ Corporate Units. To effect such substitution, the Holder must:

Appears in 1 contract

Samples: Purchase Contract Agreement (Scottish Annuity & Life Holdings LTD)

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