Common use of Substitutions Clause in Contracts

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures or the Applicable Ownership Interest in the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Securities or the Notes underlying Applicable Ownership Interest Interests in the Treasury PortfolioNotes, as the case may be, or security entitlements for Collateral any of them, for financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Notes, or the Applicable Ownership Interest in the Treasury PortfolioConsideration, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Senior Notes or security entitlements for any of them or the appropriate Applicable Ownership Interest (as defined in clause (i) of the definition of such term) in the Treasury Portfolio, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Preferred Securities or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Senior Notes or the Applicable Ownership Interest security entitlements to either of them for financial assets held in the Treasury Portfolio, as the case may be, for Collateral held by the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Notes or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures or [Preferred Securities] Notes [the appropriate Applicable Ownership Interest in the Treasury Portfolio, as the case may be,] or securities entitlements to any of them, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Notes, Treasury Consideration or the appropriate Applicable Ownership Interest in the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Debt Securities or the appropriate Applicable Ownership Interest in the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Debt Securities or the appropriate Applicable Ownership Interest in the a Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Capital Securities or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Trust Preferred Securities, Senior Deferrable Notes or security entitlements for any of them or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Notes, Treasury Consideration or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Securities or Debentures or the underlying Applicable Ownership Interest Interests in the Treasury PortfolioDebentures, as the case may be, or security entitlements for Collateral any of them, for financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Notes or security entitlements for any of them or the appropriate Applicable Ownership Interest Interests (as defined in clause (i) of the definition of such term) in the Treasury Portfolio, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Capital Securities or the Applicable Ownership Interest in the Treasury PortfolioConsideration, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Notes or security entitlements for any of them or the appropriate Applicable Ownership Interest in Interests of the Treasury Portfolio, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Securities or the Notes underlying Applicable Ownership Interest Interests in the Treasury PortfolioNotes, as the case may be, or security entitlements for Collateral any of them for financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Senior Deferrable Notes or the Applicable Ownership Interest security entitlements to either of them for financial assets held in the Treasury Portfolio, as the case may be, for Collateral held by the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Notes or the Applicable Ownership Interest in the Treasury Portfoliosecurity entitlements for any of them, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Qualifying Treasury Securities, Debentures Trust Preferred Securities or the Applicable Ownership Interest in the Treasury PortfolioSecurity Entitlements for any of them, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Notes [or the appropriate Applicable Ownership Interest in the Treasury Portfolio, as the case may be,] or securities entitlements to any of them, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Debt Securities or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Senior Notes or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Senior Notes or the Applicable Ownership Interest in the Treasury Portfoliosecurity entitlements for any of them, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Securities or the Applicable Ownership Interest in the Treasury PortfolioPreferred Shares, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Shares of Preferred Stock or the Applicable Ownership Interest security entitlements to either of them for financial assets held in the Treasury Portfolio, as the case may be, for Collateral held by the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Trust Preferred Securities or the Applicable Ownership Interest in the Treasury PortfolioConsideration, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures or the Applicable Ownership Interest in the Treasury PortfolioConsideration, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures underlying Applicable Ownership Interests in Debentures or the Applicable Ownership Interest Interests in the Treasury PortfolioPortfolio (as defined in clause (i) of the definition of such term), as the case may be, or security entitlements for Collateral any of them for financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Trust Preferred Securities or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Corporate Securities or the Applicable Ownership Interest in the Treasury Portfoliosecurity entitlements for any of them, as the case may be, for financial assets held in a Collateral held by the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to -------------- substitute Treasury Securities, Debentures Notes or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to ------------- substitute Treasury Securities, Debentures Senior Notes or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder holder has the right to substitute Treasury Securities, Debentures Preferred Securities or the Applicable Ownership Interest in the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute ------------- Treasury Securities, Debentures Senior Notes or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Notes, or the Applicable Ownership Interest in the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Securities or the Applicable Ownership Interest in the Treasury PortfolioConvertible Notes, as the case may be, or security entitlements for Collateral either of them for financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Notes or the appropriate Applicable Ownership Interest in the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to -------------------------- substitute Treasury Securities, Debentures Trust Preferred Securities or the Applicable Ownership Interest in the Treasury PortfolioConsideration, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Securities or the Applicable Ownership Interest in the Treasury PortfolioPreferred Stock (or Portfolio Interests), as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Trust Preferred Securities, Debentures or security entitlements for any of them or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures or the Applicable Ownership Interest in the Treasury Portfoliosecurity entitlements for any of them, as the case may be, for financial assets held in a Collateral held by the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Notes or security entitlements for any of them or the appropriate Applicable Ownership Interest Interests (as defined in clause (i) of the definition of such term) of the Treasury Portfolio, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures STACKS or the Applicable Ownership Interest in the Treasury Portfoliosecurity entitlements for any of them, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Preferred Securities or the Applicable Ownership Interest in the Treasury PortfolioConsideration, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.. ARTICLE VII

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Trust Preferred Securities, Debentures or security entitlements to any of them or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Trust Preferred Securities, Debentures or security entitlements to any of them or the appropriate Applicable Ownership Interest (as specified in clause (A) of the definition of such term) of the Treasury Portfolio, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures Convertible Preferred Shares or the Applicable Ownership Interest in the Treasury Portfoliosecurity entitlements for any of them, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.

Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debentures or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.