Pledge of Purchase Agreement Consideration. Notwithstanding the Pledgor's right to substitute Collateral pursuant to Section 6(b), the Pledgor shall cause the Collateral to include, on the Exchange Date, unless a Reorganization Event shall have occurred, a number of shares of Common Stock at least equal to the number of shares of Common Stock required to be delivered under the Purchase Agreement on the Exchange Date.
Appears in 4 contracts
Samples: Collateral Agreement (Automatic Common Exchange Security Trust Ii), Collateral Agreement (CVS Automatic Common Exchange Security Trust), Collateral Agreement (Second Automatic Common Exchange Security Trust)
Pledge of Purchase Agreement Consideration. Notwithstanding the Pledgor's right to substitute Collateral pursuant to Section 6(b), the Pledgor shall cause the Collateral to include, on the Exchange Date, unless a Reorganization Event shall have occurred, a number of shares of Class A Common Stock at least equal to the number of shares of Class A Common Stock required to be delivered under the Purchase Agreement on the Exchange Date.
Appears in 1 contract
Samples: Collateral Agreement (Estee Lauder Automatic Common Exchange Security Trust)
Pledge of Purchase Agreement Consideration. Notwithstanding the Pledgor's right to substitute Collateral pursuant to Section 6(b), the Pledgor shall cause the Collateral to include, on the Exchange Date, unless a Reorganization Event shall have occurred, a number of shares of Class A Common Stock at least equal to the number of shares of Class A Common Stock and, if a Spin-Off Distribution has occurred, the number of shares of Marketable Securities distributed in such Spin-Off Distribution required to be delivered under the Purchase Agreement on the Exchange Date.
Appears in 1 contract
Samples: Collateral Agreement (Estee Lauder Automatic Common Exchange Security Trust Ii)
