Common use of Qualifying Treasury Securities Clause in Contracts

Qualifying Treasury Securities. (a) The Administrative Trustees or any one of them shall, for each January 15, April 15, July 15 and October 15, commencing on April 15, 2006 and ending on the Stock Purchase Date or the earlier termination of the Stock Purchase Contracts, or if any such day is not a Business Day, the immediately succeeding Business Day (each, a “Reference Date”) identify: (i) the 13-week treasury bxxx that matures at least one and not more than six Business Days prior to that Reference Date, or Trust Agreement (ii) if no 13-week treasury bxxx that matures at least one and not more than six Business Days prior to that Reference Date is or is scheduled to be outstanding on the immediately preceding Reference Date, the 26-week treasury bxxx that matures at least one and not more than six Business Days prior to that Reference Date, or (iii) if neither of such treasury bills is or is scheduled to be outstanding on the immediately preceding Reference Date, any other treasury security (which may be a zero coupon treasury security) that is outstanding on the immediately preceding Reference Date, is highly liquid and matures at least one Business Day prior to such Reference Date; provided that any treasury security identified pursuant to this clause (iii) shall be selected in a manner intended to minimize the cash value of the security selected.