Common use of Purchase of Purchase Contract Property; Optional Acceleration of Purchase Obligations Clause in Contracts

Purchase of Purchase Contract Property; Optional Acceleration of Purchase Obligations. Authorization of Agent by Holder; Transferees Bound. (a) Unless otherwise specified pursuant to Section 3.02, the Unsettled Purchase Contracts of any series will either (i) obligate the Holders thereof to purchase, and the Corporation to sell or deliver the cash value of, Purchase Contract Property or (ii) obligate the Corporation to purchase, and the Holders thereof to sell or deliver the cash value of, Purchase Contract Property, in each case specified pursuant to Section 3.02 (or a quantity calculated by a method specified pursuant to Section 3.02) on the Stated Settlement Date at the Purchase Price specified pursuant to Section 3.02.

Appears in 3 contracts

Samples: Unit Agreement (Wells Fargo Capital Vii), Unit Agreement (Morgan Stanley Capital Trust VIII), Unit Agreement (Morgan Stanley Dean Witter & Co)

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Purchase of Purchase Contract Property; Optional Acceleration of Purchase Obligations. Authorization of Agent by Holder; Transferees Bound. (a) Unless otherwise specified pursuant to Section 3.023.2, the Unsettled Purchase Contracts of any series will either (i) obligate the Holders thereof to purchase, and the Corporation to sell or deliver the cash value of, Purchase Contract Property or (ii) obligate the Corporation to purchase, and the Holders thereof to sell or deliver the cash value of, Purchase Contract Property, in each case specified pursuant to Section 3.02 3.2 (or a quantity calculated by a method specified pursuant to Section 3.023.2) on the Stated Settlement Date at the Purchase Price specified pursuant to Section 3.023.2.

Appears in 1 contract

Samples: Unit Agreement (Dean Witter Discover & Co)

Purchase of Purchase Contract Property; Optional Acceleration of Purchase Obligations. Authorization of Agent by HolderXxxxxx; Transferees Bound. (a) Unless otherwise specified pursuant to Section 3.02, the Unsettled Purchase Contracts of any series will either (i) obligate the Holders thereof to purchase, and the Corporation to sell or deliver the cash value of, Purchase Contract Property or (ii) obligate the Corporation to purchase, and the Holders thereof to sell or deliver the cash value of, Purchase Contract Property, in each case specified pursuant to Section 3.02 (or a quantity calculated by a method specified pursuant to Section 3.02) on the Stated Settlement Date at the Purchase Price specified pursuant to Section 3.02.

Appears in 1 contract

Samples: Agreement (Wells Fargo Capital Vi)

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Purchase of Purchase Contract Property; Optional Acceleration of Purchase Obligations. Authorization of Agent by Holder; Transferees Bound. (a) Unless otherwise specified pursuant to Section 3.02, the Unsettled Purchase Contracts of any series will either (ib) obligate the Holders thereof to purchase, and the Corporation to sell or deliver the cash value of, Purchase Contract Property or (iic) obligate the Corporation to purchase, and the Holders thereof to sell or deliver the cash value of, Purchase Contract Property, in each case specified pursuant to Section 3.02 (or a quantity calculated by a method specified pursuant to Section 3.02) on the Stated Settlement Date at the Purchase Price specified pursuant to Section 3.02.

Appears in 1 contract

Samples: Unit Agreement (Morgan Stanley)

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