Establishment of Treasury PIES. (a) At any time on or prior to the seventh Business Day immediately preceding the Purchase Contract Settlement Date, a Holder of Corporate PIES shall have the right to establish or reestablish Treasury PIES by substitution of Treasury Securities or security entitlements thereto for the Pledged Senior Notes comprising a part of such Holder's Corporate PIES in integral multiples of 20 Corporate PIES by:
Appears in 2 contracts
Samples: Pledge Agreement (Dominion Resources Inc /Va/), Pledge Agreement (Dominion Resources Inc /Va/)
Establishment of Treasury PIES. (a) a0 At any time on or prior to the seventh Business Day immediately preceding the Purchase Contract Settlement Date, a Holder of Corporate PIES shall have the right to establish or reestablish Treasury PIES by substitution of Treasury Securities or security entitlements thereto for the Pledged Senior Notes Preferred Stock comprising a part of such Holder's Corporate PIES in integral multiples of 20 Corporate PIES by:
Appears in 1 contract
Samples: Pledge Agreement (Bank United Corp)
Establishment of Treasury PIES. (a) At any time on or prior to the seventh Business Day immediately preceding the Purchase Contract Settlement Date, a Holder of Corporate PIES shall have the right to establish or reestablish Treasury PIES by substitution of Treasury Securities or security entitlements thereto for the Pledged Senior Notes Preferred Stock comprising a part of such Holder's Corporate PIES in integral multiples of 20 Corporate PIES by:
Appears in 1 contract