Common use of Initial Remarketing Clause in Contracts

Initial Remarketing. Unless a Special Event Redemptions has occurred prior to the Initial Remarketing Date, the Collateral Agent shall, by 11:00 a.m., New York City time, on the Business Day immediately preceding the Initial Remarketing Date, without any instruction from any Holder of Corporate Units, present the related Pledged Senior Notes to the Remarketing Agent for Initial Remarketing. In the event of a Failed Initial Remarketing, the Senior Notes presented to the Remarketing Agent pursuant to this Section 7.03 for Remarketing shall be redeposited into the Collateral Account.

Appears in 7 contracts

Samples: Pledge Agreement (Public Service Co of New Mexico), Pledge Agreement (Public Service Co of New Mexico), Pledge Agreement (PNM Resources Inc)

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Initial Remarketing. Unless a Special Event Redemptions Redemption has occurred prior to the Initial Remarketing Date, the Collateral Agent shall, by 11:00 a.m., New York City time, on the Business Day immediately preceding the Initial Remarketing Date, without any instruction from any Holder of Corporate Units, present the related Pledged Senior Notes to the Remarketing Agent for Initial Remarketing. In the event of a Failed Initial Remarketing, the Senior Notes presented to the Remarketing Agent pursuant to this Section 7.03 for Remarketing shall be redeposited into the Collateral Account.

Appears in 3 contracts

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

Initial Remarketing. Unless a Special Event Redemptions Redemption has occurred prior to the Initial Remarketing Date, the Collateral Agent shall, by 11:00 a.m., New York City time, on the Business Day immediately preceding the Initial Remarketing Date, without any instruction from any Holder of Corporate Normal Units, present the related Pledged Senior Notes to the Remarketing Agent for Initial Remarketing. In the event of a Failed Initial Remarketing, the Senior Notes presented to the Remarketing Agent pursuant to this Section 7.03 for Remarketing shall be redeposited into the Collateral Account.

Appears in 2 contracts

Samples: Pledge Agreement (Hartford Financial Services Group Inc/De), Pledge Agreement (Hartford Financial Services Group Inc/De)

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Initial Remarketing. Unless a Special Event Redemptions Redemption has occurred prior to the Initial Remarketing Date, the Collateral Agent shall, by 11:00 a.m., New York City time, on the Business Day immediately preceding the Initial Remarketing Date, without any instruction from any Holder of Corporate Units, present the related Pledged Senior Notes to the Remarketing Agent for Initial Remarketing. In the event of a Failed Initial Remarketing, the Senior Notes presented to the Remarketing Agent pursuant to this Section 7.03 for Remarketing shall be redeposited into the Collateral Account.

Appears in 1 contract

Samples: Pledge Agreement (Hartford Financial Services Group Inc/De)

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