Common use of Early Settlement Clause in Contracts

Early Settlement. Upon written notice to the Collateral Agent by the Purchase Contract Agent that a Holder of a New Security has elected to effect Early Settlement of its entire obligation under the Purchase Contract forming a part of such New Security in accordance with the terms of the Purchase Contract and the Purchase Contract Agreement, and that the Purchase Contract Agent has received from such Holder, and paid to the Company as confirmed in writing by the Company, the related Early Settlement Amount pursuant to the terms of the Purchase Contract and the Purchase Contract Agreement and that all conditions to such Early Settlement have been satisfied, then the Collateral Agent shall release from the Pledge, (a) the Pledged Debentures or the appropriate Pledged Applicable Ownership Interest in the Treasury Portfolio in the case of a Holder of Corporate Units or (b) Pledged Treasury Securities in the case of a Holder of Treasury Units, in each case that had been components of such New Security, and shall transfer such Pledged Debentures or the appropriate Pledged Applicable Ownership Interest in the Treasury Portfolio or Pledged Treasury Securities, as the case may be, free and clear of the Pledge created hereby, to the Purchase Contract Agent for the benefit of such Holder.

Early Settlement. Upon written notice to the Collateral Agent by the Purchase Contract Agent that a Holder of a New Security has elected to effect Early Settlement of its entire obligation under the Purchase Contract forming a part of such New Security in accordance with the terms of the Purchase Contract and the Purchase Contract Agreement, and that the Purchase Contract Agent has received from such Holder, and paid to the Company as confirmed in writing by the Company, the related Early Settlement Amount pursuant to the terms of the Purchase Contract and the Purchase Contract Agreement and that all conditions to such Early Settlement have been satisfied, then the Collateral Agent shall release from the Pledge, (a) the Pledged Debentures Debt Securities or the appropriate Pledged Applicable Ownership Interest in the a Treasury Portfolio in the case of a Holder of Corporate Units or (b) the Pledged Treasury Securities in the case of a Holder of Treasury Units, in each case that had been components of such New Security, and shall transfer such Pledged Debentures Debt Securities or the appropriate Pledged Applicable Ownership Interest in the a Treasury Portfolio or Pledged Treasury Securities, as the case may be, free and clear of the Pledge created hereby, to the Purchase Contract Agent for the benefit of such Holder.

Early Settlement. Upon written notice to the Collateral Agent by the Purchase Contract Agent that a Holder of a New Security has elected to effect Early Settlement of its entire obligation under the Purchase Contract forming a part of such New Security in accordance with the terms of the Purchase Contract Contracts and the Purchase Contract Agreement, and that the Purchase Contract Agent has received from such Holder, and paid to the Company as confirmed in writing by the Company, the related Early Settlement Amount pursuant to the terms of the Purchase Contract and the Purchase Contract Agreement and that all conditions to such Early Settlement have been satisfied, then the Collateral Agent shall release from the Pledge, (a) the Pledged Debentures Debt Securities or the appropriate Pledged Applicable Ownership Interest in the Treasury Portfolio in the case of a Holder of Corporate Units Income PRIDES or (b) the Pledged Treasury Securities in the case of a Holder of Treasury UnitsGrowth PRIDES, in each case that had been components of such New Security, Security and shall transfer Transfer such Pledged Debentures or the appropriate Pledged Debt Securities, Applicable Ownership Interest in the Treasury Portfolio or Pledged Treasury Securities, as the case may be, free and clear of the Pledge created hereby, to the Purchase Contract Agent for the benefit of such Holder.

Early Settlement. Upon written notice to the Collateral Agent by the Purchase Contract Agent that a Holder of a New Security has elected to effect Early Settlement of its entire obligation under the Purchase Contract forming a part of such New Security in accordance with the terms of the Purchase Contract Contracts and the Purchase Contract Agreement, and that the Purchase Contract Agent has received from such Holder, and paid to the Company as confirmed in writing by the Company, the related Early Settlement Amount pursuant to the terms of the Purchase Contract and the Purchase Contract Agreement and that all conditions to such Early Settlement have been satisfied, then the Collateral Agent shall release from the Pledge, (a) the Pledged Debentures Debt Securities or the appropriate Pledged Applicable Ownership Interest in the a Treasury Portfolio in the case of a Holder of Corporate Units or (b) the Pledged Treasury Securities in the case of a Holder of Treasury Units, in each case that had been components of such New Security, Security and shall transfer Transfer such Pledged Debentures or the Debt Securities, appropriate Pledged Applicable Ownership Interest in the a Treasury Portfolio or Pledged Treasury Securities, as the case may be, free and clear of the Pledge created hereby, to the Purchase Contract Agent for the benefit of such Holder.

Early Settlement. Upon written notice to receipt by the Collateral Agent by of a notice from the Purchase Contract Agent that a Holder of a New Security Securities has elected to effect Early Settlement of its entire obligation obligations under the Purchase Contract Contracts forming a part of such New Security Securities in accordance with the terms of the Purchase Contract Contracts and Section 5.9 of the Purchase Contract AgreementAgreement (which notice shall set forth the number of such Purchase Contracts as to which such Holder has elected to effect Early Settlement), and that the Purchase Contract Agent has received from such Holder, and paid to the Company as confirmed in writing by the Company, the related Early Settlement Amount Amounts pursuant to the terms of the Purchase Contract Contracts and the Purchase Contract Agreement and that all conditions to such Early Settlement have been satisfied, then the Collateral Agent shall release from the Pledge, (a1) the Pledged Debentures Preferred Securities or the appropriate Pledged Applicable Ownership Interest (as specified in clause (A) of the definitions at such term) of the Treasury Portfolio or Pledged Debentures in the case of a Holder of Corporate PEPS Units or (b2) Pledged Treasury Securities Securities, in the case of a Holder of Treasury PEPS Units, in each case that had been components of such New Security, and shall transfer such Pledged Debentures or the appropriate Pledged Applicable Ownership Interest in the Treasury Portfolio or Pledged Treasury Securities, as the case may be, free and clear of the Pledge created hereby, with a Value equal to the Purchase Contract Agent for the benefit of such Holder.product of

Early Settlement. Upon written notice to the Collateral Agent by the Purchase Contract Agent that a Holder one or more Holders of a New Security has Securities have elected to effect Early Settlement of its entire obligation their respective obligations under the Purchase Contract Contracts forming a part of such New Security Securities in accordance with the such terms of the Purchase Contract Contracts and the Purchase Contract AgreementAgreement (setting forth the number of such Purchase Contracts as to which such Holders have elected to effect Early Settlement), and that the Purchase Contract Agent has received from such HolderHolders, and paid to the Company as confirmed in writing by the Company, the related Early Settlement Amount Amounts pursuant to the such terms of the Purchase Contract Contracts and the Purchase Contract Agreement and that all conditions to such Early Settlement have been satisfied, then the Collateral Agent shall release from the Pledge, (a) the Pledged Debentures or the appropriate Pledged Applicable Ownership Interest in the Treasury Portfolio Preferred Securities in the case of a Holder of Corporate Units Income PRIDES or (b) Pledged Treasury Securities in the case of a Holder of Treasury UnitsGrowth PRIDES, in each case that had been components either case, with a Stated Amount or principal amount, as applicable, equal 14 to the product of (i) the Stated Amount times (ii) the number of such New Security, Purchase Contracts as to which such Holders have elected to effect Early Settlement and shall transfer Transfer all such Pledged Debentures or the appropriate Pledged Applicable Ownership Interest in the Treasury Portfolio Preferred Securities or Pledged Treasury Securities, as the case may be, free and clear of the Pledge created hereby, to the Purchase Contract Agent for the benefit of such Holderthe Holders. Section 4.6.

Early Settlement. Upon written notice to the Collateral Agent by the Purchase Contract Agent that a Holder of a New Security has elected to effect Early Settlement of its entire obligation under the Purchase Contract forming a part of such New Security in accordance with the terms of the Purchase Contract Contracts and the Purchase Contract Agreement, and that the Purchase Contract Agent has received from such Holder, and paid to the Company as confirmed in writing by the Company, the related Early Settlement Amount pursuant to the terms of the Purchase Contract and the Purchase Contract Agreement and that all conditions to such Early Settlement have been satisfied, then the Collateral Agent shall release from the Pledge, (a) the Pledged Debentures Debt Securities or the appropriate Pledged Applicable Ownership Interest in the Treasury Portfolio in the case of a Holder of Corporate Units Income PRIDES or (b) the Pledged Treasury Securities in the case of a Holder of Treasury UnitsGrowth PRIDES, in each case that had been components of such New Security, Security and shall transfer Transfer such Pledged Debentures Debt Securities or the appropriate Pledged Applicable Ownership Interest in the Treasury Portfolio or Pledged Treasury Securities, as the case may be, free and clear of the Pledge created hereby, to the Purchase Contract Agent for the benefit of such Holder.

Early Settlement. Upon written notice to the Collateral Agent by the Purchase Contract Agent that a Holder of a New Security has elected to effect Early Settlement of its entire obligation under the Purchase Contract forming a part of such New Security in accordance with the terms of the Purchase Contract and the Purchase Contract Agreement, and that the Purchase Contract Agent has received from such Holder, and paid to the Company as confirmed in writing by the Company, the related Early Settlement Amount pursuant to the terms of the Purchase Contract and the Purchase Contract Agreement and that all conditions to such Early Settlement have been satisfied, then the Collateral Agent shall release from the Pledge, (a) the Pledged Debentures or the appropriate Pledged Applicable Ownership Interest in the Treasury Portfolio in the case of a Holder of Corporate Units Type A Securities or (b) Pledged Treasury Securities in the case of a Holder of Treasury UnitsType B Securities, in each case that had been components of such New Securitysecurity, and shall transfer such Pledged Debentures or the appropriate Pledged Applicable Ownership Interest in the Treasury Portfolio or Pledged Treasury Securities, as the case may be, free and clear of the Pledge created hereby, to the Purchase Contract Agent for the benefit of such Holder.