Common use of Establishment of Treasury Units Clause in Contracts

Establishment of Treasury Units. (a) At any time on or prior to the seventh Business Day immediately preceding the Purchase Contract Settlement Date, a Holder of Corporate Units shall have the right to establish or reestablish Treasury Units by substitution of Treasury Securities or security entitlements to them for the Debentures comprising a part of such Holder's Corporate Units in integral multiples of 5,000 Corporate Units by:

Appears in 3 contracts

Samples: Pledge Agreement (New Nisource Inc), Pledge Agreement (New Nisource Inc), Pledge Agreement (New Nisource Inc)

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Establishment of Treasury Units. (a) At any time on or prior to the seventh Business Day immediately preceding the Purchase Contract Settlement Date, a Holder of Corporate Units shall have the right to establish or reestablish Treasury Units by substitution of Treasury Securities or security entitlements to them for the Debentures comprising a part of such Holder's Holder s Corporate Units in integral multiples of 5,000 Corporate Units by:

Appears in 1 contract

Samples: Pledge Agreement (Nisource Inc)

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