Common use of Exchange Property Adjustment Date Clause in Contracts

Exchange Property Adjustment Date. The date on which a given Exchange Property adjustment will take effect is referred to as the “Exchange Property Adjustment Date” and will be the distribution date for the property distributed in such event; provided that (i) if such distribution date occurs on or after the Exchange Date (or an earlier settlement date, if this Agreement is accelerated in full), then the Exchange Property Adjustment Date shall be the Record Date for such distribution, and (ii) if the Record Date for a Dilution Event or Reorganization Event occurs and, prior to the related Exchange Property Adjustment Date, a Record Date or Exchange Property Adjustment Date occurs for another Dilution Event or Reorganization Event then, in either case, the adjustments to the Exchange Property Unit in respect of such Dilution Events and/or Reorganization Events, as applicable, will take into account the property that a holder of one Exchange Property Unit would have been entitled to receive in the relevant transactions or events whether or not the relevant property had been distributed as of the relevant Record Date or Record Dates. If the preceding clauses (i) or (ii) apply, the Shareholders shall not be required to deliver such distributed property to Purchaser prior to the date that is five Scheduled Trading Days following the earlier of (x) the first date that the property distributed in such event is received by the Shareholders and (y) the first date that the property distributed in such event is received by the Collateral Agent. Within three Business Days after the Exchange Property Adjustment Date, Purchaser will provide to holders of the Trust Securities written notice of the event and a statement setting forth in reasonable detail the amount or number of each type of Exchange Property included in the Exchange Property Unit, after giving effect to the applicable Exchange Property adjustment.

Exchange Property Adjustment Date. The date on which a given Exchange Property such adjustment will take effect is referred to as the “Exchange Property Adjustment Date” and will be the distribution date for the property distributed in such event; provided that (i) if such distribution date occurs on or after the Business Day immediately preceding the Exchange Date (or an earlier settlement date, if this Agreement is accelerated in full), then the “Exchange Property Adjustment Date Date” shall be the Record Date for such distributiondistribution and Shareholder shall not be required to deliver such distributed property to Purchaser prior to the date that is five Scheduled Trading Days following the first date that the property distributed in such event is received by Shareholder in respect of which such property was distributed by Shareholder or Purchaser, as applicable, and (ii) if the Record Date for a Dilution Event or Reorganization Event occurs and, prior to the related Exchange Property Adjustment Date, a Record Date or Exchange Property Adjustment Date occurs for another Dilution Event or Reorganization Event then, in either case, the adjustments to the Exchange Property Unit in respect of such Dilution Events and/or Reorganization Events, as applicable, will take into account the property that a holder of one Exchange Property Unit would have been entitled to receive in the relevant transactions or events whether or not the relevant property had been distributed as of the relevant Record Date or Record Dates. If the preceding clauses (i) or clause (ii) applyapplies, the Shareholders Shareholder shall not be required to deliver such distributed property to Purchaser prior to the date that is five Scheduled Trading Days following the earlier of (x) the first date that the property distributed in such event is received by the Shareholders and (y) the first date that the property distributed in such event is received by the Collateral AgentShareholder. Within three Business Days after the Exchange Property Adjustment Date, Purchaser will provide to holders of the Trust Securities written notice of the event and a statement setting forth in reasonable detail the amount or number of each type of Exchange Property included in the Exchange Property Unit, after giving effect to the applicable Exchange Property adjustment.