Common use of Creation of Treasury Units Clause in Contracts

Creation of Treasury Units. (a) Unless the Treasury Portfolio has replaced the Senior Notes as a component of the Corporate Units, a Holder of Corporate Units shall have the right, at any time on or prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Settlement Date, to create Treasury Units by substitution of Treasury Securities or security entitlements with respect thereto for the Pledged Senior Notes comprising a part of all or a portion of such Holder’s Corporate Units, in integral multiples of 40 Corporate Units by:

Appears in 8 contracts

Samples: Pledge Agreement (Supervalu Inc), Pledge Agreement (Pmi Group Inc), Pledge Agreement (PNM Resources Inc)

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Creation of Treasury Units. (a) Unless the Treasury Portfolio has replaced the Senior Notes as a component of the Corporate Units, a Holder of Corporate Units shall have the right, at any time on or prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Settlement Date, to create Treasury Units by substitution of Treasury Securities or security entitlements with respect thereto for the Pledged Senior Notes comprising a part of all or a portion of such Holder’s 's Corporate Units, in integral multiples of 40 Corporate Units by:

Appears in 2 contracts

Samples: Pledge Agreement (PNM Resources Inc), Pledge Agreement (Albertsons Inc /De/)

Creation of Treasury Units. (a) Unless So long as the Treasury Portfolio has not replaced the Senior Notes as a component of the Corporate Units, a Holder of Corporate Units shall have the right, at any time on or prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Settlement Date, to create Treasury Units by substitution of Treasury Securities or security entitlements with respect thereto for the Pledged Senior Notes comprising a part of all or a portion of such Holder’s 's Corporate Units, in integral multiples of 40 Corporate Units by:

Appears in 2 contracts

Samples: Pledge Agreement (Phoenix Companies Inc/De), Pledge Agreement (Phoenix Companies Inc/De)

Creation of Treasury Units. (a) Unless So long as the Treasury Portfolio has not replaced the Senior Notes as a component of represented by the Corporate Units, a Holder of Corporate Units shall have the right, at any time on or prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Settlement Date, to create Treasury Units by substitution of Treasury Securities or security entitlements with respect thereto for the Pledged Senior Notes comprising a part of all or a portion of represented by such Holder’s 's Corporate Units, in integral multiples of 40 Corporate Units by:

Appears in 2 contracts

Samples: Pledge Agreement (Chubb Corp), Pledge Agreement (Chubb Corp)

Creation of Treasury Units. (a) Unless So long as the Treasury Portfolio has not replaced the Senior Notes as a component of represented by the Corporate Units, a Holder of Corporate Units shall have the right, at any time on or prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Warrant Settlement Date, to create Treasury Units by substitution of Treasury Securities or security entitlements with respect thereto for the Pledged Senior Notes comprising a part of all or a portion of represented by such Holder’s 's Corporate Units, in integral multiples of 40 Corporate Units by:

Appears in 1 contract

Samples: Pledge Agreement (Chubb Corp)

Creation of Treasury Units. (a) Unless the Treasury Portfolio has replaced the Senior Subordinated Notes as a component of the Corporate Units, a Holder of Corporate Units shall have the right, at any time on or prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Settlement Date, to create Treasury Units by substitution of Treasury Securities or security entitlements with respect thereto for the Pledged Senior Subordinated Notes comprising a part of all or a portion of such Holder’s 's Corporate Units, in integral multiples of 40 ___ Corporate Units by:

Appears in 1 contract

Samples: Pledge Agreement (Oneok Inc /New/)

Creation of Treasury Units. (a) Unless the Treasury Portfolio has replaced the Senior Notes as a component of the Corporate Units, a Holder of Corporate Units shall have the right, at any time on or prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Settlement Date, to create Treasury Units by substitution of Treasury Securities or security entitlements with respect thereto for the Pledged Senior Notes comprising a part of all or a portion of such Holder’s 's Corporate Units, in integral multiples of 40 Corporate Units by:

Appears in 1 contract

Samples: Pledge Agreement (Oneok Inc /New/)

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Creation of Treasury Units. (a) Unless So long as the Treasury Portfolio has not replaced the Senior Notes as a component of the Corporate Units, a Holder of Corporate Units shall have the right, at any time on or prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Settlement Date, to create Treasury Units by substitution of Treasury Securities or security entitlements with respect thereto for the Pledged Senior Notes comprising a part of all or a portion of such Holder’s 's Corporate Units, in integral multiples of 40 20 Corporate Units by:

Appears in 1 contract

Samples: Pledge Agreement (Hartford Financial Services Group Inc/De)

Creation of Treasury Units. (a) Unless the Treasury Portfolio has replaced the Senior Notes as a component of the Corporate Units, a Holder of Corporate Units shall have the right, at any time on or prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Settlement Date, to create Treasury Units by substitution of Treasury Securities or security entitlements with respect thereto for the Pledged Senior Notes comprising a part of all or a portion of such Holder’s 's Corporate Units, in integral multiples of 40 ___ Corporate Units by:

Appears in 1 contract

Samples: Pledge Agreement (Oneok Inc /New/)

Creation of Treasury Units. (a) Unless the Treasury Portfolio has replaced the Senior Notes as a component of the Corporate Units, a Holder of Corporate Units shall have the right, at any time on or prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the Purchase Contract Settlement Date, to create Treasury Units by substitution of Treasury Securities or security entitlements with respect thereto for the Pledged Senior Notes comprising a part of all or a portion of such Holder’s 's Corporate Units, in integral multiples of 40 20 Corporate Units by:

Appears in 1 contract

Samples: Pledge Agreement (Baxter International Inc)

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