Principal Payments Following Termination Event. Following a Termination Event, the Collateral Agent shall transfer all principal payments it receives, if any, in respect of (1) the Pledged Senior Notes, (2) the Pledged Applicable Ownership Interests and (3) the Pledged Treasury Securities, to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests, free and clear of the Pledge created hereby.
Principal Payments Following Termination Event. All payments received by the Securities Intermediary following a Termination Event of (1) the principal amount of Pledged Senior Notes or (2) the principal amount of the Pledged Treasury Securities, shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests.
Principal Payments Following Termination Event. All payments received by the Securities Intermediary following a Termination Event of (1) the [liquidation amount of Pledged Preferred Securities or securities entitlements with respect thereto or (2) the Applicable Ownership Interests (as specified in Clause (A) of the definition thereof) in the Treasury Portfolio, (3) the] principal amount of Pledged Notes or securities entitlements with respect thereto or (4) the principal amount of the Pledged Treasury Securities or securities entitlements with respect thereto, shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests.
Principal Payments Following Termination Event. All payments received by the Securities Intermediary following a Termination Event of (1) the liquidation amount of Pledged Preferred Securities or securities entitlements thereto, or (2) the Applicable Ownership Interests (as specified in Clause (A) of the definition thereof) of the Treasury Portfolio, (3) the aggregate principal amount of the Pledged Senior Deferrable Notes or securities entitlements thereto, or (4) the principal amount of the Pledged Treasury Securities, shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests.
Principal Payments Following Termination Event. All payments received by the Securities Intermediary following a Termination Event of (1) the principal amount of Pledged Debentures or securities entitlements to them, or (2) the principal amount of Pledged Treasury Securities or securities entitlements to them, shall be distributed to the Purchase Contract Agent for the benefit of the Holders for distribution to such Holders in accordance with their respective interests.
Principal Payments Following Termination Event. All payments received by the Collateral Agent or the Securities Intermediary following a Termination Event with respect to (1) the Pledged Senior Notes or security entitlement with respect thereto, (2) the Pledged Treasury Portfolio Interest or security entitlement with respect thereto or (3) the Pledged Treasury Securities or security entitlement with respect thereto, shall, in each case, be distributed to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests.
Principal Payments Following Termination Event. All payments received by the Collateral Agent or the Securities Intermediary following a Termination Event with respect to (1) the Pledged Senior Notes or security entitlement with respect thereto, (2) the Pledged Treasury Portfolio Interest or security entitlement with respect thereto or (3) the Pledged Treasury Securities or security entitlement with respect thereto shall, in each case, be distributed to the Purchase Contract Agent for the benefit of the applicable Holders in whose names the Corporate PIES or Treasury PIES are registered at the close of business on the Record Date (as specified in the Purchase Contract Agreement) preceding the date of such distribution for distribution to such Holders in accordance with their respective interests.
Principal Payments Following Termination Event. All payments received by the Securities Intermediary following a Termination Event of (1) the principal amount of Pledged Notes or security entitlements thereto, (2) the Applicable Ownership Interests (as specified in Clause (A) of the definition thereof) of the Treasury Portfolio or (3) the principal amount of the Pledged Treasury Securities or security entitlements with respect thereto, shall be distributed to the Warrant Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests.
Principal Payments Following Termination Event. All payments received by the Collateral Agent or the Securities Intermediary following a Termination Event with respect to (1) the Pledged Debt Securities or security entitlement with respect thereto, (2) the Pledged Treasury Portfolio Interest or security entitlement with respect thereto or (3) the Pledged Treasury Securities or security entitlement with respect thereto shall, in each case, be distributed to the Purchase Contract Agent for the benefit of the applicable Holders in whose names the Corporate Units or Treasury Units are registered at the close of business on the Record Date (as specified in the Purchase Contract then such payment shall be made no later than 10:30 a.m. (New York City time), on the next succeeding Business Day.
Principal Payments Following Termination Event. All payments received by the Collateral Agent following a Termination Event of (1) the aggregate principal amount of the Pledged Notes or securities entitlements thereto, or (2) the Applicable Ownership Interests (as specified in clause (A) of the definition thereof) of the aggregate principal amount of the Treasury Portfolio, or (3) the principal amount of the Pledged Treasury Securities, shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests. * Denotes a big black dot.
