Common use of Initial Deposit of Trust Preferred Securities Clause in Contracts

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

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

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