Common use of Initial Deposit of Notes Clause in Contracts

Initial Deposit of Notes. (a) 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 Collateral Agent, for credit to the Collateral Account, the Notes or security entitlements relating thereto, and, in the case of security entitlements, the Securities Intermediary shall indicate by book-entry that a securities entitlement to such Notes has been credited to the Collateral Account.

Appears in 4 contracts

Samples: Pledge Agreement (Scottish Annuity & Life Holdings LTD), Pledge Agreement (Teekay Shipping Corp), Pledge Agreement (Phoenix Companies Inc/De)

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Initial Deposit of Notes. (a) 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 Collateral AgentSecurities Intermediary, for credit to the Collateral Account, the Applicable Ownership Interests in Notes and the Notes underlying such Applicable Ownership Interests in Notes or security entitlements relating thereto, and, in the case of security entitlements, thereto and the Securities Intermediary shall indicate by book-entry that a securities entitlement with respect to such Applicable Ownership Interests in Notes has been credited to the Collateral Account.

Appears in 2 contracts

Samples: Purchase Contract and Pledge Agreement (Assured Guaranty LTD), Purchase Contract and Pledge Agreement (Legg Mason Inc)

Initial Deposit of Notes. (a) 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 SPC Units, shall Transfer to the Collateral AgentSecurities Intermediary, for credit to the Collateral Account, the Notes or security securities entitlements relating thereto, and, in the case of security entitlements, and the Securities Intermediary shall indicate by book-entry that a securities entitlement to such Notes has been credited to the Collateral Account.

Appears in 2 contracts

Samples: Pledge Agreement (PPL Capital Funding Inc), Pledge Agreement (PPL Energy Supply LLC)

Initial Deposit of Notes. (a) 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 New PEPS Units, shall Transfer to the Collateral AgentSecurities Intermediary, for credit to the Collateral Account, the Notes or security entitlements relating thereto, and, in the case of security entitlements, and the Securities Intermediary shall indicate by book-entry that a securities entitlement to such Notes has been credited to the Collateral Account.

Appears in 1 contract

Samples: Pledge Agreement (Pp&l Capital Funding Inc)

Initial Deposit of Notes. (a) 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 UnitsIncome PACS, shall Transfer to the Collateral Agent, for credit to the Collateral Account, the Notes or security entitlements relating thereto, and, in the case of security entitlements, and the Securities Intermediary shall indicate by book-entry that a securities entitlement to such Notes has been credited to the Collateral Account.

Appears in 1 contract

Samples: Pledge Agreement (Williams Companies Inc)

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Initial Deposit of Notes. (a) 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 UnitsIncome PACS, shall Transfer to the Collateral Agent, for credit to the Collateral Account, the Notes or security entitlements relating thereto, and, in the case of security entitlements, the Securities Intermediary shall indicate by book-entry that a securities entitlement to such Notes has been credited to the Collateral Account.

Appears in 1 contract

Samples: Pledge Agreement (Apco Argentina Inc/New)

Initial Deposit of Notes. (a) 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 UnitsMEDS, shall Transfer to the Collateral Agent, for credit to the Collateral Account, the Notes or security entitlements relating thereto, and, in the case of security entitlements, the Securities Intermediary shall indicate by book-entry that a securities entitlement to such Notes has been credited to the Collateral Account.

Appears in 1 contract

Samples: Pledge Agreement (Keyspan Corp)

Initial Deposit of Notes. (a) 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 Income Equity Units, shall Transfer to the Collateral Agent, for credit to the Collateral Account, the Notes or security entitlements relating thereto, and, in the case of security entitlements, the Securities Intermediary shall indicate by book-entry that a securities entitlement to such Notes has been credited to the Collateral Account.

Appears in 1 contract

Samples: Pledge Agreement (Sempra Energy)

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