Common use of Payments in Respect of the Pledged Securities Clause in Contracts

Payments in Respect of the Pledged Securities. Any payment received by the Collateral Agent in respect of the Pledged Securities underlying any Normal Units or Stripped Units shall be paid by the Collateral Agent, by wire transfer in same day funds no later than 1:00 p.m., New York City time, on the Date of Deemed Receipt (or, if the Date of Deemed Receipt is not a Business Day or if such payment is received by the Collateral Agent after noon, New York City time, on the Date of Deemed Receipt, then such payment shall be made by the Collateral Agent no later than 10:00 a.m., New York City time, on the next succeeding Business Day), as follows:

Appears in 4 contracts

Samples: Pledge Agreement (Monsanto Co), Pledge Agreement (CMS Energy Corp), Pledge Agreement (Amerus Life Holdings Inc)

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Payments in Respect of the Pledged Securities. Any payment received by the Collateral Agent in respect of the Pledged Securities underlying any Normal Units or Stripped Units shall be paid by the Collateral Agent, by wire transfer in same day funds no later than 1:00 p.m., New York City time, on the Date date of Deemed Receipt receipt (or, if the Date of Deemed Receipt is not a Business Day or if such payment is received by the Collateral Agent on a day that is not a Business Day or after noon, New York City time, on the Date of Deemed Receipta Business Day, then such payment shall be made by the Collateral Agent no later than 10:00 a.m., New York City time, on the next succeeding Business Day), as follows:

Appears in 2 contracts

Samples: Pledge Agreement (Ati Financing Ii), Pledge Agreement (Providian Financing Iv)

Payments in Respect of the Pledged Securities. Any payment received by the Collateral Agent in respect of the Pledged Securities underlying any Normal Units or Stripped Units Unit shall be paid by the Collateral Agent, by wire transfer in same day funds no later than 1:00 p.m., New York City time, on the Date of Deemed Receipt (or, if the Date of Deemed Receipt is not a Business Day or if such payment is received by the Collateral Agent after noon, New York City time, on the Date of Deemed Receipt, then such payment shall be made by the Collateral Agent no later than 10:00 a.m., New York City time, on the next succeeding Business Day), as follows:

Appears in 1 contract

Samples: Pledge Agreement (Seagram Co LTD)

Payments in Respect of the Pledged Securities. Any payment received by the Collateral Agent in respect of the Pledged Securities underlying that form a part of any Normal Units or Stripped Units shall be paid by the Collateral Agent, by wire transfer in same day funds no later than 1:00 p.m., New York City time, on the Date of Deemed Receipt (or, if the Date of Deemed Receipt is not a Business Day or if such payment is received by the Collateral Agent after noon, New York City time, on the Date of Deemed Receipt, then such payment shall be made by the Collateral Agent no later than 10:00 a.m., New York City time, on the next succeeding Business Busi ness Day), as follows:

Appears in 1 contract

Samples: Pledge Agreement (CMS Energy Corp)

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Payments in Respect of the Pledged Securities. Any payment received by the Collateral Agent in respect of the Pledged Securities underlying any Normal Units or Stripped Units shall be paid by the Collateral Agent, by wire transfer in same day funds no later than [1:00 p.m.], New York City time, on the Date of Deemed Receipt (or, if the Date of Deemed Receipt is not a Business Day or if such payment is received by the Collateral Agent after noon, New York City time, on the Date of Deemed Receipt, then such payment shall be made by the Collateral Agent no later than [10:00 a.m.], New York City time, on the next succeeding Business Day), as follows:

Appears in 1 contract

Samples: Pledge Agreement (Monsanto Co)

Payments in Respect of the Pledged Securities. Any payment received by the Collateral Agent in respect of the Pledged Securities underlying any Normal Units or Stripped Units Unit shall be paid by the Collateral Agent, by wire transfer in same day funds no later than 1:00 p.m., New York City time, on the Date date of Deemed Receipt receipt (or, if the Date date of Deemed Receipt receipt is not a Business Day or if such payment is received by the Collateral Agent after noon, New York City time, on the Date date of Deemed Receiptreceipt, then such payment shall be made by the Collateral Agent no later than 10:00 a.m., New York City time, on the next succeeding Business Day), as follows:

Appears in 1 contract

Samples: Pledge Agreement (Seagram Co LTD)

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