Common use of Distributions; Rights to Distributions Preserved Clause in Contracts

Distributions; Rights to Distributions Preserved. Any payment on any Trust Preferred Security which is paid on any Payment Date shall, subject to receipt thereof by the Stock Purchase Contract Agent from the Company (in the case of a Trust Preferred Security that is held in the name of the Stock Purchase Contract Agent) or from the Collateral Agent as provided by the terms of the Pledge Agreement (in the case of a Trust Preferred Security that is held in the name of the Collateral Agent), be paid by the Stock Purchase Contract Agent to the Person in whose name the Normal Common Equity Unit Certificate (or one or more Predecessor Normal Common Equity Unit Certificates) of which such Trust Preferred Securities form a part is registered at the close of business on the Record Date for such Payment Date. Each Normal Common Equity Unit Certificate evidencing the ownership interest in the underlying Trust Preferred Securities delivered under this Agreement upon registration of transfer of or in exchange for or in lieu of any other Normal Common Equity Unit Certificate shall carry the right to accrued and unpaid interest or distributions, and to accrue distributions, which were carried by the Trust Preferred Securities underlying such other Normal Common Equity Unit Certificate. In the case of any Normal Common Equity Units with respect to which (A) a Cash Settlement of the underlying Stock Purchase Contract is properly effected pursuant to Section 5.02(b) or Section 5.02(e) hereof, (B) an Early Settlement of the underlying Stock Purchase Contract is properly effected pursuant to Section 5.07 hereof, (C) a Cash Merger Early Settlement of the underlying Stock Purchase Contract is properly effected pursuant to Section 5.04(b)(ii) hereof, (D) a Collateral Substitution is properly effected pursuant to Section 3.13, or (E) a Successful Remarketing occurs with respect to the Trust Preferred Securities that are part of such Normal Common Equity Units, in each case on a date that is after any Record Date and prior to or on the next succeeding Payment Date, distributions on the Trust Preferred Securities underlying such Normal Common Equity Units otherwise payable on such Payment Date shall be payable on such Payment Date notwithstanding such Cash Settlement, Early Settlement, Cash Merger Early Settlement, Collateral Substitution or Successful Remarketing, and such payment or distributions shall, subject to receipt thereof by the Stock Purchase Contract Agent, be payable to the Person in whose name the Normal Common Equity Unit Certificate (or one or more Predecessor Normal Common Equity Unit Certificates) was registered at the close of business on the Record Date. Except as otherwise expressly provided in the immediately preceding paragraph, in the case of any Normal Common Equity Units with respect to which Cash Settlement, Early Settlement or Cash Merger Early Settlement of the underlying Stock Purchase Contract is properly effected, or with respect to which a Collateral Substitution has been effected, payments on the related Trust Preferred Securities that would otherwise be payable or made after the Initial Stock Purchase Date (for the Series A Trust Preferred Securities), the Subsequent Stock Purchase Date (for the Series B Trust Preferred Securities), Early Settlement Date, Cash Merger Early Settlement Date or the date of the Collateral Substitution, as the case may be, shall not be payable hereunder to the Holder of such Normal Common Equity Units; provided, however, that to the extent that such Holder continues to hold Separate Trust Preferred Securities that formerly comprised a part of such Holder's Normal Common Equity Units, such Holder shall be entitled to receive distributions on such Separate Trust Preferred Securities.

Distributions; Rights to Distributions Preserved. (a) Any payment on any Trust Preferred Security which that is paid on any Payment Date shall, subject to receipt thereof by the Stock Purchase Contract Agent from the Company (in the case of a Trust Preferred Security that is held in the name of the Stock Purchase Contract Agent) or from the Collateral Agent as provided by the terms of the Pledge Collateral Agreement (in the case of a Trust Preferred Security that is held in the name of the Collateral Agent), be paid by the Stock Purchase Contract Agent to the Person in whose name the Normal Common Equity Unit MCAPS Certificate (or one or more Predecessor Normal Common Equity Unit MCAPS Certificates) of which such Trust Preferred Securities form Security forms a part is registered at the close of business on the Record Date for such Payment Date. . (b) Each Normal Common Equity Unit MCAPS Certificate evidencing the ownership interest in the underlying a Trust Preferred Securities Security delivered under this Agreement upon registration of transfer of or in exchange for or in lieu of any other Normal Common Equity Unit MCAPS Certificate shall carry the right to accrued accumulated and unpaid interest distributions or distributions, and to accrue distributions, which were carried by the Trust Preferred Securities Security underlying such other Normal Common Equity Unit MCAPS Certificate. . (c) In the case of any Normal Common Equity Units MCAPS with respect to which (A) a Cash Settlement of the underlying Stock Purchase Contract is properly effected pursuant to Section 5.02(b) or Section 5.02(e) hereof, (B) an Early Settlement of the underlying Stock Purchase Contract is properly effected pursuant to Section 5.07 hereof, (C) a Cash Merger Early Settlement of the underlying Stock Purchase Contract is properly effected pursuant to Section 5.04(b)(ii) hereof, (D) a Collateral Substitution is properly effected pursuant to Section 3.13, or (EB) a Successful Remarketing occurs with respect to the Trust Preferred Securities Security that are is part of such Normal Common Equity UnitsMCAPS, in each case on a date that is after any Record Date and prior to or on the next succeeding Payment Date, distributions on the Trust Preferred Securities underlying such Normal Common Equity Units MCAPS otherwise payable on such Payment Date shall be payable on such Payment Date notwithstanding such Cash Settlement, Early Settlement, Cash Merger Early Settlement, Collateral Substitution or Successful Remarketing, and such payment or distributions shall, subject to receipt thereof by the Stock Purchase Contract Agent, be payable to the Person in whose name the Normal Common Equity Unit MCAPS Certificate (or one or more Predecessor Normal Common Equity Unit MCAPS Certificates) was registered at the close of business on the Record Date. . (d) Except as otherwise expressly provided in the immediately preceding paragraph, Section 4.1(c) in the case of any Normal Common Equity Units with respect to which Cash Settlement, Early Settlement or Cash Merger Early Settlement of the underlying Stock Purchase Contract is properly effected, or MCAPS with respect to which a Collateral Substitution has been effected, payments on the related Trust Preferred Securities that would otherwise be payable or made after the Initial Stock Purchase Date (for the Series A Trust Preferred Securities), the Subsequent Stock Purchase Date (for the Series B Trust Preferred Securities), Early Settlement Date, Cash Merger Early Settlement Date or the date of the Collateral Substitution, as the case may be, Substitution shall not be payable hereunder to the Holder of such Normal Common Equity UnitsMCAPS; provided, however, that to the extent that such Holder continues to hold Separate Trust Preferred Securities that formerly comprised a part of such Holder's ’s Normal Common Equity UnitsMCAPS, such Holder shall be entitled to receive distributions on such Separate Trust Preferred Securities.

Distributions; Rights to Distributions Preserved. Any payment on any Trust Preferred Security which Debenture that is paid on any Payment Date shall, subject to Section 5.11(b) and to receipt thereof by the Stock Purchase Contract Agent from the Company (in the case of a Trust Preferred Security Debenture that is held in the name of the Stock Purchase Contract Agent) or from the Collateral Agent as provided by the terms of the Pledge Agreement (in the case of a Trust Preferred Security Debenture that is held in the name of the Collateral Agent), be paid by the Stock Purchase Contract Agent to the Person in whose name the Normal Common Equity Corporate Unit Certificate (or one or more Predecessor Normal Common Equity Corporate Unit Certificates) of which such Trust Preferred Securities Debentures form a part is registered at the close of business on the Record Date for such Payment Date. Each Normal Common Equity Corporate Unit Certificate evidencing the ownership interest in the underlying Trust Preferred Securities Debentures delivered under this Agreement upon registration of transfer of or in exchange for or in lieu of any other Normal Common Equity Corporate Unit Certificate shall carry the right to accrued and unpaid interest or distributionsinterest, and to accrue distributionsinterest, which that were carried by the Trust Preferred Securities Debentures underlying such other Normal Common Equity Corporate Unit Certificate. In the case of any Normal Common Equity Corporate Units with respect to which (A) a Settlement with Cash Settlement of the underlying Stock Purchase Contract is properly effected pursuant to Section 5.02(b) or Section 5.02(e) hereof), (B) an Early Settlement of the underlying Stock Purchase Contract is properly effected pursuant to Section 5.07 hereof5.07, (C) a Cash Merger Early Settlement of the underlying Stock Purchase Contract is properly effected pursuant to Section 5.04(b)(ii) hereof), (D) a Collateral Substitution is properly effected pursuant to Section 3.133.11, or (E) a Successful Remarketing occurs with respect to the Trust Preferred Securities Debentures that are part of such Normal Common Equity Corporate Units, in each case on a date that is after any Record Date and prior to or on the next succeeding Payment Date, distributions on the Trust Preferred Securities Debentures underlying such Normal Common Equity Corporate Units otherwise payable on such Payment Date shall be payable on such Payment Date notwithstanding such Cash SettlementSettlement with Cash, Early Settlement, Cash Merger Early Settlement, Collateral Substitution or Successful Remarketing, and such payment or distributions shall, subject to receipt thereof by the Stock Purchase Contract Agent, be payable to the Person in whose name the Normal Common Equity Corporate Unit Certificate (or one or more Predecessor Normal Common Equity Corporate Unit Certificates) was registered at the close of business on the Record Date. Except as otherwise expressly provided in the immediately preceding paragraph, in the case of any Normal Common Equity Corporate Units with respect to which Cash SettlementSettlement with Cash, Early Settlement or Cash Merger Early Settlement of the underlying Stock Purchase Contract is properly effected, or with respect to which a Collateral Substitution has been effected, payments on the related Trust Preferred Securities Debentures that would otherwise be payable or made after the Initial any Stock Purchase Date (for the Series A Trust Preferred Securities), the Subsequent Stock Purchase Date (for the Series B Trust Preferred Securities)Date, Early Settlement Date, Cash Merger Early Settlement Date or the date of the Collateral Substitution, as the case may be, shall not be payable hereunder to the Holder of such Normal Common Equity Corporate Units; provided, however, that to the extent that such Holder continues to hold Separate Trust Preferred Securities Debentures that formerly comprised a part of such Holder's Normal Common Equity ’s Corporate Units, such Holder shall be entitled to receive distributions on such Separate Trust Preferred SecuritiesDebentures.

Distributions; Rights to Distributions Preserved. Any payment on any Trust Preferred Security STACKS which is paid on any Payment Date shall, subject to receipt thereof by the Stock Purchase Contract Agent from the Company (in the case of a Trust Preferred Security STACKS that is held in the name of the Stock Purchase Contract Agent) or from the Collateral Agent as provided by the terms of the Pledge Agreement (in the case of a Trust Preferred Security STACKS that is held in the name of the Collateral Agent), be paid by the Stock Purchase Contract Agent to the Person in whose name the Normal Common Equity Unit SPACES Certificate (or one or more Predecessor Normal Common Equity Unit SPACES Certificates) of which such Trust Preferred Securities form STACKS forms a part is registered at the close of business on the Record Date for such Payment Date. Each Normal Common Equity Unit SPACES Certificate evidencing the ownership interest in the underlying Trust Preferred Securities STACKS delivered under this Agreement upon registration of transfer of or in exchange for or in lieu of any other Normal Common Equity Unit SPACES Certificate shall carry the right to accrued and unpaid interest or distributions, and to accrue distributions, which were carried by the Trust Preferred Securities STACKS underlying such other Normal Common Equity Unit SPACES Certificate. In the case of any Normal Common Equity Units SPACES with respect to which (A) a Cash Settlement of the underlying Stock Purchase Contract is properly effected pursuant to Section 5.02(b) or Section 5.02(e) hereof, (B) an Early Settlement of the underlying Stock Purchase Contract is properly effected pursuant to Section 5.07 hereof, (C) a Cash Merger Early Settlement of the underlying Stock Purchase Contract is properly effected pursuant to Section 5.04(b)(ii) hereof, (D) a Collateral Substitution is properly effected pursuant to Section 3.13, or (E) a Successful Remarketing occurs with respect to the Trust Preferred Securities STACKS that are is part of such Normal Common Equity UnitsSPACES, in each case on a date that is after any Record Date and prior to or on the next succeeding Payment Date, distributions on the Trust Preferred Securities STACKS underlying such Normal Common Equity Units SPACES otherwise payable on such Payment Date shall be payable on such Payment Date notwithstanding such Cash Settlement, Early Settlement, Cash Merger Early Settlement, Collateral Substitution or Successful Initial Remarketing, and such payment or distributions shall, subject to receipt thereof by the Stock Purchase Contract Agent, be payable to the Person in whose name the Normal Common Equity Unit SPACES Certificate (or one or more Predecessor Normal Common Equity Unit SPACES Certificates) was registered at the close of business on the Record Date. Except as otherwise expressly provided in the immediately preceding paragraph, in the case of any Normal Common Equity Units SPACES with respect to which Cash Settlement, Early Settlement or Cash Merger Early Settlement of the underlying Stock Purchase Contract is properly effected, or with respect to which a Collateral Substitution has been effected, payments on the related Trust Preferred Securities STACKS that would otherwise be payable or made after the Initial Stock Purchase Date (for the Series A Trust Preferred Securities), the Subsequent Stock Purchase Date (for the Series B Trust Preferred Securities)Date, Early Settlement Date, Cash Merger Early Settlement Date or the date of the Collateral Substitution, as the case may be, shall not be payable hereunder to the Holder of such Normal Common Equity UnitsSPACES; provided, however, that to the extent that such Holder continues to hold Separate Trust Preferred Securities STACKS that formerly comprised a part of such Holder's ’s Normal Common Equity UnitsSPACES, such Holder shall be entitled to receive distributions on such Separate Trust Preferred SecuritiesSTACKS.