Common use of Distributions on Pledged Collateral Clause in Contracts

Distributions on Pledged Collateral. So long as the Purchase Contract Agent is the registered owner of the Pledged Preferred Securities it shall receive all payments thereon. If the Pledged Preferred Securities are reregistered, such that the Collateral Agent becomes the registered holder, all payments of the Stated Amount of, or cash distributions on, any Pledged Preferred Securities and all payments of the principal of, or cash distributions on, any Pledged Treasury Securities received by the Collateral Agent that are properly payable hereunder shall be paid by the Collateral Agent by wire transfer in same day funds:

Distributions on Pledged Collateral. So long as the Purchase Contract Agent is the registered owner of the Pledged Preferred Securities it shall receive all payments thereon. If the Pledged Preferred Securities are reregistered, reregistered such that the Collateral Agent becomes the registered holder, all payments of the Stated Amount of, or cash distributions on, any Pledged Preferred Securities and all payments of the principal of, or cash distributions on, any Pledged Treasury Securities received by the Collateral Agent and that are properly payable hereunder shall be paid by the Collateral Agent by wire transfer in same day funds:

Distributions on Pledged Collateral. So long as the Purchase Contract Agent is the registered owner of the Pledged Preferred Securities it shall receive all payments thereon. If the Pledged Preferred Securities are reregistered, such that the Collateral Agent becomes the registered holder, all payments of the 10 15 Stated Amount of, or cash distributions on, any Pledged Preferred Securities and all payments of the principal of, or cash distributions on, any Pledged Treasury Securities received by the Collateral Agent and that are properly payable hereunder shall be paid by the Collateral Agent by wire transfer in same day funds:

Distributions on Pledged Collateral. So long as the Purchase Contract Agent is the registered owner of the Pledged Preferred Securities Shares, it shall receive all payments thereon. If the Pledged Preferred Securities Shares are reregistered, such that the Collateral Agent becomes the registered holder, all payments of the Stated Amount ofAmount, or cash distributions dividends on, any the Pledged Preferred Securities Shares, as the case may be, and all payments of the principal of, or cash distributions on, any Pledged Treasury Securities received by the Collateral Agent that are properly payable hereunder shall be paid by the Collateral Agent by wire transfer in same day funds: