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.
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Samples: Collateral Agreement (Automatic Common Exchange Security Trust Ii), Collateral Agreement (Mandatory Common Exchange Trust)
Pledge upon Reorganization Event. Upon the occurrence of a Reorganization Event, the Pledgor and GRIT 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) shares of Marketable Securities Common Stock 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 shares of Marketable SecuritiesCommon Stock; in each case to be held as substitute Collateral hereunder.
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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 any 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.
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Samples: Collateral Agreement (Second Automatic Common Exchange Security Trust)
