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.
Appears in 4 contracts
Samples: Pledge Agreement (Nisource Inc), Pledge Agreement (New Nisource Inc), Pledge Agreement (New Nisource Inc)
Principal Payments Following Termination Event. All payments received by the Securities Intermediary following a Termination Event of (1) the principal amount of Pledged Debentures Shares or securities entitlements to them, thereto or (2) the principal amount of the Pledged Treasury Securities or securities entitlements to them, thereto 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.
Appears in 2 contracts
Samples: Pledge Agreement (Bank United Corp), Pledge Agreement (Dominion Resources Inc /Va/)
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, Notes or (2) the principal amount of the Pledged Treasury Securities or securities entitlements to themSecurities, 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.
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