Income Distributions. All income distributions received by the Securities Intermediary on account of the [Preferred Securities, the Applicable Ownership Interest (as specified in clause (A) of the definition of such term) in the Treasury Portfolio,] the Notes or Permitted Investments from time to time held in the Collateral Account shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders as provided in the Purchase Contracts or the Purchase Contract Agreement.
Appears in 6 contracts
Samples: Pledge Agreement (American Electric Power Co Inc), Pledge Agreement (American Electric Power Co Inc), Pledge Agreement (PPL Capital Funding Inc)
Income Distributions. All income distributions received by the Securities Intermediary on account of the [Preferred Securities, the Applicable Ownership Interest (as specified in clause (A) of the definition of such term) in of the Treasury Portfolio,] , the Senior Deferrable Notes or Permitted Investments from time to time held in the Collateral Account shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders as provided in the Purchase Contracts or the Purchase Contract Agreement.
Appears in 3 contracts
Samples: Pledge Agreement (Valero Energy Corp/Tx), Pledge Agreement (Ucu Capital Trust I), Pledge Agreement (Vec Trust Ii)
Income Distributions. All income distributions received by the Securities Intermediary on account of the [Preferred Securities, the Applicable Ownership Interest (as specified in clause (A) of the definition of such term) in the Treasury Portfolio,] the Notes or Permitted Investments from time to time held in the Collateral Account shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders as provided in the Purchase Contracts or the Purchase Contract Agreement.
Appears in 2 contracts
Samples: Pledge Agreement (PPL Capital Funding Inc), Pledge Agreement (PPL Energy Supply LLC)
Income Distributions. All income distributions received by the Securities Intermediary on account of the [Trust Preferred Securities, Securities or the Applicable Ownership Interest (as specified in clause (A) of the definition of such term) in of the Treasury Portfolio,] Portfolio or the Notes Debentures or Permitted Investments from time to time held in the Collateral Account shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders as provided in the Purchase Contracts or the Purchase Contract AgreementContracts.
Appears in 2 contracts
Samples: Pledge Agreement (Nisource Inc), Pledge Agreement (Nipsco Industries Inc)
Income Distributions. All income distributions received by the Securities Intermediary on account of the [Preferred Securities, Securities or the Applicable Ownership Interest (as specified in clause (A) of the definition of such term) in of the Treasury Portfolio,] Portfolio or the Notes Debentures or Permitted Investments from time to time held in the Collateral Account shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders as provided in the Purchase Contracts or the Purchase Contract Agreement.
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