Pledge upon Reorganization Event Sample Clauses

Pledge upon Reorganization Event. Upon the occurrence of a Reorganization Event, the Pledgor shall immediately cause to be delivered to the Collateral Agent, in the manner provided in Section 6(d): (i) U.S. Government Securities having an aggregate Market Value at least equal to 105% of the Cash Delivery Obligations; and (ii) Marketable Securities in an amount at least equal to the Maximum Deliverable Number thereof, or, at Pledgor's election, U.S. Government Securities having an aggregate Market Value at least equal to 150% of such Maximum Deliverable Number of Marketable Securities; in each case to be held as substitute Collateral hereunder.

Pledge upon Reorganization Event. Upon the occurrence of a Reorganization Event, the Pledgor shall immediately cause to be delivered to the Collateral Agent, in the manner provided in Section 6(d), (i) the Exchange Property (other than Cash Equivalents) resulting from such Reorganization Event in an amount at least equal to the Maximum Deliverable Number thereof (if any), or, at Pledgor’s election, U.S. Government Securities or Cash Equivalents having an aggregate Market Value equal to at least 150% of such Maximum Deliverable Number of any such Exchange Property consisting of Reported Securities, plus (ii) U.S. Government Securities or Cash Equivalents (other than cash) having an aggregate Market Value equal to at least 105% of the Cash Delivery Obligations, if any, or at Pledgor’s election, U.S. dollars in an amount equal to at least 100% of the Cash Delivery Obligations, in each case to be held as substitute or additional Collateral hereunder.

Pledge upon Reorganization Event. Upon the occurrence of a Reorganization Event, Pledgor shall immediately cause to be delivered to the Collateral Agent, in the manner provided in Section 5.4: (i) cash or the Merger Consideration other than Marketable Securities delivered in the related Reorganization Event in an amount equal to 100% of Pledgor’s Cash Delivery Obligations (or U.S. Government Securities having an aggregate Market Value when pledged and at daily ▇▇▇▇-to-market valuations thereafter at least equal to 105% of the Cash Delivery Obligations); and (ii) Marketable Securities in an amount at least equal to the Maximum Deliverable Number of such securities, or, at Pledgor’s election, U.S. Government Securities having an aggregate Market Value when pledged and at daily market-to-market valuations thereafter at least equal to 150% of such Maximum Deliverable Number of Marketable Securities, in each case to be held as substitute Collateral hereunder. If a Spin-Off Distribution occurs and thereafter any transaction with respect to the issuer of the spun-off Marketable Securities that would have been a Reorganization Event if it had occurred with respect to the Company occurs, then this subsection applies as if that issuer of Marketable Securities were the Company and such spun-off Marketable Securities were the Common Stock.

Pledge upon Reorganization Event. Upon the occurrence of a Reorganization Event, the Pledgor shall immediately cause to be delivered to the Collateral Agent, in the manner provided in Section 6(d): (i) cash in an amount equal to 100% of Pledgor's Cash Delivery Obligations (or U.S. Government Securities having an aggregate Market Value when pledged and at daily ▇▇▇▇-to-market valuations thereafter at least equal to 105% of the Cash Delivery Obligations), less the Market Value of any Non-Marketable Securities simultaneously delivered to the Collateral Agent as contemplated by Section 2(b) hereof; and (ii) Marketable Securities in an amount at least equal to the Maximum Deliverable Number thereof, to be held as substitute Collateral hereunder.

Pledge upon Reorganization Event. Upon the occurrence of a Reorganization Event, the Pledgor shall immediately cause to be delivered to the Collateral Agent, in the manner provided in Section 6(d), (i) the Exchange Property (other than Cash Equivalents) resulting from such Reorganization Event in an amount at least equal to the Maximum Deliverable Number thereof (if any), or, at Pledgor’s