Reestablishment of SPC Units. (a) [So long as no Tax Event Redemption shall have occurred, and the Trust shall not have been dissolved and liquidated,] at any time prior to or on the seventh Business Day immediately preceding the Purchase Contract Settlement Date, a Holder of Treasury SPC Units shall have the right to reestablish SPC Units by substitution of [Preferred Securities] [Notes] or securities entitlements thereto for Pledged Treasury Securities in integral multiples of 40 Treasury SPC Units by:
Appears in 6 contracts
Samples: Pledge Agreement (American Electric Power Co Inc), Pledge Agreement (American Electric Power Co Inc), Pledge Agreement (American Electric Power Co Inc)
Reestablishment of SPC Units. (a) [So long as no Tax Event Redemption shall have occurred, and the Trust shall not have been dissolved and liquidated,] at any time prior to or on the seventh Business Day immediately preceding the Purchase Contract Settlement Date, a Holder of Treasury SPC Units shall have the right to reestablish SPC Units by substitution of [Preferred Securities] [Notes] Notes or securities entitlements thereto for Pledged Treasury Securities in integral multiples of 40 [40] Treasury SPC Units by:
Appears in 2 contracts
Samples: Pledge Agreement (PPL Energy Supply LLC), Pledge Agreement (PPL Capital Funding Inc)
