Delivery of AIA/ALICO Preferred Units. At any time when the Company purchases AIA/ALICO Preferred Units from the FRBNY pursuant to Section 2.06(f) of the Amended Purchase Agreement, the Company shall deliver such AIA/ALICO Preferred Units to the UST pursuant to the Amended Purchase Agreement in exchange for a reduction in the Liquidation Amount by an amount per share equal to (A) the aggregate purchase price of such AIA/ALICO Preferred Units paid to the FRBNY divided by (B) the number of shares of Series G Preferred Stock outstanding at such time.
Appears in 4 contracts
Samples: Master Transaction Agreement, Intercompany Loan Agreement, Master Transaction Agreement
Delivery of AIA/ALICO Preferred Units. At any time when the Company purchases AIA/ALICO Preferred Units from the FRBNY pursuant to Section 2.06(f) of the Amended Purchase Agreement, the Company shall deliver such AIA/ALICO Preferred Units to the UST pursuant to the Amended Purchase Agreement in exchange for a reduction in the Liquidation Amount by an amount per share equal to (Ai) the aggregate purchase price of such AIA/ALICO Preferred Units paid to the FRBNY divided by (Bii) the number of shares of Series G Preferred Stock outstanding at such time.
Appears in 2 contracts
Samples: Purchase Agreement, Amended and Restated Purchase Agreement (American International Group Inc)
