Common use of Payment of Distribution; Rights to Distributions Preserved; Distribution Rate Reset Clause in Contracts

Payment of Distribution; Rights to Distributions Preserved; Distribution Rate Reset. Distributions on the Preferred Securities which are made on any Payment Date shall, subject to receipt thereof by the Unit Agent, be payable to the Holders as they appear on the Register at the close of business on the relevant Record Dates. Distributions on the Preferred Securities which are made on any Remarketing Settlement Date shall, subject to receipt thereof by the Unit Agent, be payable to (or, in the case of Section 5.1, for the account of) the Holders as they appear on the Register at the close of business on the Remarketing Date. If the Units are represented by one or more Global Units, the relevant Record Dates shall be the close of business on the Business Day preceding the corresponding Payment Date, unless a different Record Date is established or provided for the corresponding distributions on the Preferred Securities. If the Units are not represented by one or more Global Units, the relevant Record Dates shall be at least one Business Day prior to the corresponding Payment Dates, or such other dates as may be selected by the Issuers. Each Certificate evidencing Preferred Securities (including rights to receive Debentures) delivered under this Unit Agreement upon registration of transfer of or in exchange for or in lieu of any other Certificate shall carry the rights to distributions accumulated and unpaid, and to accumulate distributions, which were carried by the Preferred Securities (or such Debentures) underlying such other Certificate. The applicable Coupon Rate on the Debentures on and after the Remarketing Date shall be equal to the Reset Rate established in the Remarketing on such date.

Payment of Distribution; Rights to Distributions Preserved; Distribution Rate Reset. Distributions on the Preferred Securities which are made on any Payment Date shall, subject to receipt thereof by the Unit Agent, be payable to the Holders as they appear on the Register books and records of the Agent at the close of business on the relevant Record Dates. Distributions on the Preferred Securities which are made on any Remarketing Settlement Date shall, subject to receipt thereof by the Unit Agent, be payable to (or, in the case of Section 5.1, for the account of) the Holders as they appear on the Register books and records of the Agent at the close of business on the Remarketing Date. If the Units Securities are represented by one or more Global Units, the relevant Record Dates shall be the close of business on the Business Day preceding the corresponding Payment Date, unless a different Record Date is established or provided for the corresponding distributions on the Preferred Securities. If the Units Securities are not represented by one or more Global Units, the relevant Record Dates shall be at least one Business Day prior to the corresponding Payment Dates, or such other dates as may be selected by the IssuersAgent. Each Certificate evidencing Preferred Securities (including rights to receive or Debentures) delivered under this Unit Agreement upon registration of transfer of or in exchange for or in lieu of any other Certificate shall carry the rights to distributions accumulated and unpaid, and to accumulate distributions, which were carried by the Preferred Securities (or such Debentures) underlying such other Certificate. The applicable Coupon Rate on the Debentures on and after the Remarketing Date shall be equal to the Reset Rate established in the Remarketing on such date.

Payment of Distribution; Rights to Distributions Preserved; Distribution Rate Reset. Distributions on the Preferred Securities which are made on any Payment Date shall, subject to receipt thereof by the Unit Agent, be payable to the Holders as they appear on the Register books and records of the Unit Agent at the close of business on the relevant Record Dates. Distributions on the Preferred Securities which are made on any Remarketing Settlement Date shall, subject to receipt thereof by the Unit Agent, be payable to (or, in the case of Section 5.1, for the account of) the Holders as they appear on the Register books and records of the Unit Agent at the close of business on the Remarketing Date. If the Units are represented by one or more Global Units, the relevant Record Dates shall be the close of business on the Business Day preceding the corresponding Payment Date, unless a different Record Date is established or provided for the corresponding distributions on the Preferred Securities. If the Units are not represented by one or more Global Units, the relevant Record Dates shall be at least one Business Day prior to the corresponding Payment Dates, or such other dates as may be selected by the IssuersUnit Agent. Each Certificate evidencing Preferred Securities (including rights to receive Debentures) delivered under this Unit Agreement upon registration of transfer of or in exchange for or in lieu of any other Certificate shall carry the rights to distributions accumulated and unpaid, and to accumulate distributions, which were carried by the Preferred Securities (or such Debentures) underlying such other Certificate. The applicable Coupon Rate on the Debentures on and after the Remarketing Date shall be equal to the Reset Rate established in the Remarketing on such date.