Common use of Recreation of Corporate PIES Clause in Contracts

Recreation of Corporate PIES. A Holder of Treasury PIES may recreate Corporate PIES by delivering to the Collateral Agent Senior Notes with a principal amount equal to the aggregate principal amount of maturity of the Pledged Treasury Securities in exchange for the release of such Pledged Treasury Securities in accordance with the terms of the Purchase Contract Agreement and the Pledge Agreement. From and after such Collateral Substitution, the Holder's PIES shall be referred to as a "Corporate PIES." Such Collateral Substitution may cause the equivalent aggregate principal amount of this Certificate to be increased or decreased; provided, however, this Treasury PIES Certificate shall not represent more than 4,704,350 Treasury PIES, or if in the form of a Global Certificate, such other maximum amount as shall at the time be prescribed by the applicable Depositary. All such adjustments to the equivalent aggregate principal amount of this Treasury PIES Certificate if a Global Certificate, shall be duly recorded, by placing an appropriate notation on the Schedule as may be attached hereto. A Holder who elects to substitute Senior Notes for Treasury Securities, thereby recreating Corporate PIES, shall be responsible for any fees or expenses associated therewith.

Recreation of Corporate PIES. A Holder of Treasury PIES may recreate Corporate PIES by delivering to the Collateral Agent Senior Notes with a principal amount equal to the aggregate principal amount of maturity of the Pledged Treasury Securities in exchange for the release of such Pledged Treasury Securities in accordance with the terms of the Purchase Contract Agreement and the Pledge Agreement. From and after such Collateral Substitution, the Holder's PIES shall be referred to as a "Corporate PIES." Such Collateral Substitution may cause the equivalent aggregate principal amount of this Certificate to be increased or decreased; providedPROVIDED, howeverHOWEVER, this Treasury PIES Certificate shall not represent more than 4,704,350 _____ Treasury PIES, or if in the form of a Global Certificate, such other maximum amount as shall at the time be prescribed by the applicable Depositary. All such adjustments to the equivalent aggregate principal amount of this Treasury PIES Certificate if a Global Certificate, shall be duly recorded, by placing an appropriate notation on the Schedule as may be attached hereto. A Holder who elects to substitute Senior Notes for Treasury Securities, thereby recreating Corporate PIES, shall be responsible for any fees or expenses associated therewith.

Recreation of Corporate PIES. A Holder of Treasury PIES may recreate Corporate PIES by delivering to the Collateral Agent Senior Notes with a principal amount equal to the aggregate principal amount of maturity of the Pledged Treasury Securities in exchange for the release of such Pledged Treasury Securities in accordance with the terms of the Purchase Contract Agreement and the Pledge Agreement. From and after such Collateral Substitution, the Holder's PIES shall be referred to as a "Corporate PIES." Such Collateral Substitution may cause the equivalent aggregate principal amount of this Certificate to be increased or decreased; providedPROVIDED, howeverHOWEVER, this Treasury PIES Certificate shall not represent more than 4,704,350 6,900,000 Treasury PIES, or if in the form of a Global Certificate, such other maximum amount as shall at the time be prescribed by the applicable Depositary. All such adjustments to the equivalent aggregate principal amount of this Treasury PIES Certificate if a Global Certificate, shall be duly recorded, by placing an appropriate notation on the Schedule as may be attached hereto. A Holder who elects to substitute Senior Notes for Treasury Securities, thereby recreating Corporate PIES, shall be responsible for any fees or expenses associated therewith.