Common use of Principal Payments Prior to or on Purchase Contract Settlement Date Clause in Contracts

Principal Payments Prior to or on Purchase Contract Settlement Date. (a) Except as provided in Section 3.3(b), if no Termination Event shall have occurred, all payments received by the Securities Intermediary (if any) of (1) the principal amount with respect to the Pledged Debentures or security entitlements to them or (2) the principal amount of Pledged Treasury Securities or security entitlements to them shall be held and invested in Permitted Investments until the Purchase Contract Settlement Date and on the Purchase Contract Settlement Date distributed to the Company as provided in Section 5.7 of this Agreement. Any balance remaining in the Collateral Account 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. (b) All payments received by the Securities Intermediary of (1) the principal amount of Debentures or security entitlements to them or (2) the principal amount of Treasury Securities or security entitlements to them that in each case have been released from the Pledge shall be distributed to the Purchase Contract Agent for the benefit of the Holders to be distributed to such Holders in accordance with their respective interests.

Principal Payments Prior to or on Purchase Contract Settlement Date. (a) Except Subject to the provisions of Section 7.2, and except as provided in Section clause 3.3(b)) below, if no Termination Event shall have occurred, all payments received by the Securities Intermediary (if any) of (1) the principal amount with respect to the Pledged Debentures or security entitlements to them Notes or (2) the principal amount of Pledged Treasury Securities or security entitlements to them Securities, shall be held and invested in Permitted Investments until the Purchase Contract Settlement Date and on the Purchase Contract Settlement Date distributed to the Company as provided in Section 5.7 of this Agreementhereof. Any balance remaining in the Collateral Account 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. (b) All payments received by the Securities Intermediary of (1A) the principal amount of Debentures Notes or security entitlements to them thereto or (21) the principal amount of Treasury Securities or security entitlements to them that thereto, that, in each case case, have been released from the Pledge shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders to be distributed for distribution to such Holders in accordance with their respective interests.

Principal Payments Prior to or on Purchase Contract Settlement Date. (a) Except Subject to the provisions of Section 7.2, and except as provided in Section clause 3.3(b)) below, if no Termination Event shall have occurred, all payments received by the Securities Intermediary (if any) of (1) the principal amount liquidation preference with respect to the Pledged Debentures Preferred Stock or security entitlements to them thereto or (2) the principal amount of Pledged Treasury Securities or security entitlements to them thereto shall be held and invested in Permitted Investments until the Purchase Contract Settlement Date and on the Purchase Contract Settlement Date distributed to the Company as provided in Section 5.7 of this Agreementhereof. Any balance remaining in the Collateral Account 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. (b) All payments received by the Securities Intermediary of (1) the principal amount liquidation preference of Debentures Shares of Preferred Stock or security entitlements to them thereto or (2) the principal amount of Treasury Securities or security entitlements to them thereto that in each case have been released from the Pledge shall be distributed to the Purchase Contract Agent for the benefit of the Holders to be distributed to such Holders in accordance with their respective interests.

Principal Payments Prior to or on Purchase Contract Settlement Date. (a) Except Subject to the provisions of Section 7.2, and except as provided in Section clause 3.3(b)) below, if no Termination Event shall have occurred, all payments received by the Securities Intermediary (if any) of (1) the principal amount liquidation preference with respect to the Pledged Debentures Shares or security entitlements to them thereto or (2) the principal amount of Pledged Treasury Securities or security entitlements to them thereto shall be held and invested in Permitted Investments until the Purchase Contract Settlement Date and on the Purchase Contract Settlement Date distributed to the Company as provided in Section 5.7 of this Agreementhereof. Any balance remaining in the Collateral Account 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. (b) All payments received by the Securities Intermediary of (1) the principal amount liquidation preference of Debentures Shares or security entitlements to them thereto or (2) the principal amount of Treasury Securities or security entitlements to them thereto that in each case have been released from the Pledge shall be distributed to the Purchase Contract Agent for the benefit of the Holders to be distributed to such Holders in accordance with their respective interests.