Common use of Initial Deposit of Debentures Clause in Contracts

Initial Deposit of Debentures. Prior to or concurrently with the execution and delivery of this Agreement, the Purchase Contract Agent, on behalf of the initial Holders of the Corporate Units, shall Transfer to the Securities Intermediary, for credit to the Collateral Account, the Debentures or security entitlements relating to such Debentures, and the Securities Intermediary shall indicate by book entry that a securities entitlement to such Debentures has been credited to the Collateral Account.