Substitution of Pledged Securities and Creation of Stripped Units; Units Not Otherwise Separable. (a) A Holder of Normal Units may obtain the release from the Pledge of such Holder's Pledged Securities underlying such Normal Units, free and clear of the Company's and the Call Option Holder's security interests therein, and convert such Normal Units into Stripped Units (collectively, a "Stripped Unit Creation") at any time after the original issuance of such Normal Units and on or prior to the second Business Day immediately preceding the Stock Purchase Date by:
Appears in 7 contracts
Samples: Master Unit Agreement (Providian Financing Iv), Master Unit Agreement (Ati Financing Ii), Master Unit Agreement (CMS Energy Corp)
