Rights and Obligations Evidenced by the Certificates. Each Normal Units Certificate shall evidence the number of Normal Units specified therein, with each such Normal Unit representing the ownership by the Holder thereof of a beneficial interest in a Capital Security or the appropriate Treasury Consideration, as the case may be, subject to the Pledge of such Capital Security or such Treasury Consideration, as the case may be, by such Holder pursuant to the Pledge Agreement, and the rights and obligations of the Holder thereof and the Company under one Purchase Contract. The Agent as attorney-in-fact for, and on behalf of, the Holder of each Normal Unit shall pledge, pursuant to the Pledge Agreement, the Capital Security or the appropriate Treasury Consideration, as the case may be, forming a part of such Normal Unit, to the Collateral Agent and grant to the Collateral Agent a security interest in the right, title, and interest of such Holder in such Capital Security or such Treasury Consideration, as the case may be, for the benefit of the Company, to secure the obligation of the Holder under each Purchase Contract to purchase the Common Stock of the Company. Prior to the purchase of shares of Common Stock under each Purchase Contract, such Purchase Contracts shall not entitle the Holders of Normal Units Certificates to any of the rights of a holder of shares of Common Stock, including, without limitation, the right to vote or receive any dividends or other payments or to consent or to receive notice as stockholders in respect
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Samples: Purchase Contract Agreement (Metlife Capital Trust I), Purchase Contract Agreement (Metlife Inc)
Rights and Obligations Evidenced by the Certificates. Each Normal PEPS Units Certificate shall evidence the number of Normal PEPS Units specified therein, with each such Normal PEPS Unit representing representing
(1) the ownership by the Holder thereof of a beneficial interest in a Capital Security or the appropriate Treasury Consideration, as the case may bePreferred Share, subject to the Pledge of such Capital Security or such Treasury Consideration, as the case may be, by such Holder pursuant to the Pledge AgreementPreferred Share, and (2) the rights and obligations of the Holder thereof and the Company under one Purchase Contract. The Agent Purchase Contract Agent, as attorney-in-fact for, and on behalf of, the Holder of each Normal PEPS Unit shall pledge, pursuant to the Pledge Agreement, the Capital Security or the appropriate Treasury Consideration, as the case may be, Preferred Share forming a part of such Normal PEPS Unit, to the Collateral Agent and grant to the Collateral Agent a security interest in the right, title, title and interest of such Holder in such Capital Security or such Treasury Consideration, as the case may be, Preferred Share for the benefit of the Company, to secure the obligation of the Holder under each Purchase Contract to purchase the Common Stock of the CompanyShares. Prior to the purchase of shares of Common Stock Shares under each Purchase Contract, such Purchase Contracts shall not entitle the Holders Holder of Normal Units Certificates a Security to any of the rights of a holder of shares of Common StockShares, including, without limitation, the right to vote or receive any dividends or other payments or to consent or to receive notice as stockholders a shareholder in respectrespect of the meetings of shareholders or for the election of directors of the Company or for any other matter, or any other rights whatsoever as a shareholder of the Company.
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Rights and Obligations Evidenced by the Certificates. Each Normal Units Corporate Unit Certificate shall evidence the number of Normal Corporate Units specified thereinin it, with each such Normal Corporate Unit representing the ownership by the Holder thereof of a beneficial interest in a Capital Security or the appropriate Treasury Consideration, as the case may beDebenture, subject to the Pledge of such Capital Security or such Treasury Consideration, as the case may be, Debenture by such Holder pursuant to the Pledge Agreement, and the rights and obligations of the Holder thereof of such Certificate and the Company under one Purchase Contract. The Agent as attorney-in-fact for, and on behalf of, the Holder of each Normal Corporate Unit shall pledge, pursuant to the Pledge Agreement, the Capital Security or the appropriate Treasury Consideration, as the case may be, Debenture forming a part of such Normal Unit, Corporate Unit to the Collateral Agent and grant to the Collateral Agent a security interest in the right, title, title and interest of such Holder in such Capital Security or such Treasury Consideration, as the case may be, Debenture for the benefit of the Company, to secure the obligation of the Holder under each such Purchase Contract to purchase the Common Stock of the Company. Prior to the purchase of shares of Common Stock under each a Purchase Contract, such Purchase Contracts Contract shall not entitle the Holders Holder of Normal Units Certificates a Corporate Unit Certificate to any of the rights of a holder of shares of Common Stock, including, without limitation, the right to vote or receive any dividends or other payments or to consent or to receive notice as a stockholder in respect of the meetings of stockholders or for the election of directors of the Company or for any other matter, or any other rights as a stockholder of the Company. Each Treasury Unit Certificate shall evidence the number of Treasury Units specified in respectit, with each such Treasury Unit representing the ownership by the Holder of such Certificate of
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