Common use of Payments to Purchase Contract Agent Clause in Contracts

Payments to Purchase Contract Agent. Payments to the Purchase Contract Agent hereunder shall be made to the account designated by the Purchase Contract Agent for such purpose not later than 12:00 p.m. (New York City time) on the Business Day such payment is received by the Securities Intermediary; provided, however, that if such payment is received on a day that is not a Business Day or after 12:00 p.m. (New York City time) on a Business Day, then such payment shall be made no later than 10:30 a.m. (New York City time) on the next succeeding Business Day.

Appears in 13 contracts

Samples: Pledge Agreement (American Electric Power Co Inc), Pledge Agreement (American Electric Power Co Inc), Pledge Agreement (American Electric Power Co Inc)

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Payments to Purchase Contract Agent. Payments to the Purchase Contract Agent hereunder shall be made to the account designated by the Purchase Contract Agent for such purpose not later than 12:00 p.m. (New York City time) on the Business Day such payment is received by the Securities Intermediary; provided, however, that if such payment is received by the Securities Intermediary on a day that is not a Business Day or after 12:00 p.m. 11:00 a.m. (New York City time) on a Business Day, then such payment shall be made no later than 10:30 a.m. (New York City time) on the next succeeding Business Day.

Appears in 5 contracts

Samples: Pledge Agreement (Dominion Resources Inc /Va/), Pledge Agreement (Dominion Resources Capital Trust Iv), Pledge Agreement (Dominion Resources Inc /Va/)

Payments to Purchase Contract Agent. Payments to the Purchase Contract Agent hereunder shall be made to the account designated by the Purchase Contract Agent for such purpose not later than 12:00 p.m. (p.m., New York City time) , on the Business Day such payment is received by the Securities Intermediary; provided, however, that if such payment is received on a day that is not a Business Day or after 12:00 p.m. (12:30 p.m., New York City time) , on a Business Day, then such payment shall be made no later than 10:30 a.m. (a.m., New York City time) , on the next succeeding Business Day.

Appears in 2 contracts

Samples: Pledge Agreement (Nipsco Industries Inc), Pledge Agreement (Nisource Inc)

Payments to Purchase Contract Agent. Payments to the Purchase Contract Agent hereunder pursuant to this Agreement shall be made to the account designated by the Purchase Contract Agent for such purpose not later than 12:00 p.m. (p.m., New York City time) , on the Business Day such payment is received by the Securities Intermediary; provided, howeverPROVIDED, that if such payment is received on a day that is not a Business Day or after 12:00 p.m. (12:30 p.m., New York City time) , on a Business Day, then such payment shall be made no later than 10:30 a.m. (a.m., New York City time) , on the next succeeding Business Day.

Appears in 1 contract

Samples: Pledge Agreement (Nisource Inc)

Payments to Purchase Contract Agent. Payments to the Purchase Contract Agent hereunder shall be made to the account designated by the Purchase Contract Agent for such purpose not later than 12:00 p.m. (p.m., New York City time) , on the Business Day such payment is received by the Securities Intermediary; provided, however, that if such payment -------- ------- is received on a day that is not a Business Day or after 12:00 p.m. (12:30 p.m., New York City time) , on a Business Day, then such payment shall be made no later than 10:30 a.m. (a.m., New York City time) , on the next succeeding Business Day.

Appears in 1 contract

Samples: Pledge Agreement (Dominion Resources Inc /Va/)

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Payments to Purchase Contract Agent. Payments to the Purchase Contract Agent hereunder pursuant to this Agreement shall be made to the account designated by the Purchase Contract Agent for such purpose not later than 12:00 p.m. (p.m., New York City time) , on the Business Day such payment is received by the Securities Intermediary; provided, however, that if such payment is received on a day that is not a Business Day or after 12:00 p.m. (12:30 p.m., New York City time) , on a Business Day, then such payment shall be made no later than 10:30 a.m. (a.m., New York City time) , on the next succeeding Business Day.

Appears in 1 contract

Samples: Pledge Agreement (New Nisource Inc)

Payments to Purchase Contract Agent. Payments to the Purchase Contract Agent hereunder shall be made to the account designated by the Purchase Contract Agent for such purpose not later than 12:00 p.m. (p.m., New York City time) , on the Business Day such payment is received by the Securities Intermediary; providedPROVIDED, howeverHOWEVER, that if such payment is received on a day that is not a Business Day or after 12:00 p.m. (12:30 p.m., New York City time) , on a Business Day, then such payment shall be made no later than 10:30 a.m. (a.m., New York City time) , on the next succeeding Business Day.

Appears in 1 contract

Samples: Pledge Agreement (Bank United Corp)

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