Supplemental Agreements with Consent of Holders. With the consent of the Holders of not less than a majority of the outstanding Purchase Contracts voting together as one class, by Act of said Holders delivered to the Company and the Agent, the Company, when authorized by a Board Resolution, and the Agent may enter into an agreement or agreements supplemental hereto for the purpose of modifying in any manner the terms of the Purchase Contracts, or the provisions of this Agreement or the rights of the Holders in respect of the Units; provided, that, except as contemplated herein, no such supplemental agreement shall, without the consent of the Holder of each Outstanding Security affected thereby: (1) change any Payment Date; (2) change the amount or the type of Collateral required to be Pledged to secure a Holder's Obligations under the Purchase Contract, impair the right of the Holder of any Purchase Contract to receive distributions on the related Collateral (except for the rights of Holders of Normal Units to substitute the Treasury Securities for the Pledged Capital Securities or Pledged Treasury Consideration or the rights of holders of Stripped Units to substitute Capital Securities or appropriate Treasury Consideration for the Pledged Treasury Securities) or otherwise adversely affect the Holder's rights in or to such Collateral or materially adversely alter the rights in or to such Collateral;
Appears in 2 contracts
Samples: Purchase Contract Agreement (Metlife Inc), Purchase Contract Agreement (Metlife Capital Trust I)
Supplemental Agreements with Consent of Holders. With the consent of the Holders of not less than a majority of the outstanding Purchase Contracts voting together as one class, by Act of said Holders delivered to the Company and the Purchase Contract Agent, the Company, when authorized by a Board Resolution, and the Purchase Contract Agent may enter into an agreement or agreements supplemental hereto for the purpose of modifying in any manner the terms of the Purchase Contracts, or the provisions of this Agreement or the rights of the Holders in respect of the Units; provided, however, that, except as contemplated herein, no such supplemental agreement shall, without the consent of the Holder of each Outstanding Security Unit affected thereby:,
(1a) change any Payment Date;
(2b) change the amount or the type of Collateral required to be Pledged to secure a Holder's Obligations obligations under the a Purchase Contract, ;
(c) impair the right of the Holder of any Purchase Contract Equity Unit to receive distributions on the related Collateral (except for the rights of Holders of Normal Corporate Units to substitute the Treasury Securities for the Pledged Capital Securities Applicable Ownership Interests in Debentures or the Pledged Applicable Ownership Interests in the Treasury Consideration Portfolio or the rights of holders of Stripped Treasury Units to substitute Capital Securities Applicable Ownership Interest in Debentures or appropriate the Applicable Ownership Interest in the Treasury Consideration Portfolio for the Pledged Treasury Securities) ), or otherwise adversely affect the Holder's rights in or to such Collateral or materially adversely alter the rights in or to such Collateral;
Appears in 1 contract
Supplemental Agreements with Consent of Holders. With the consent of the Holders of not less than a majority of the outstanding Purchase Contracts voting together as one class, by Act of said Holders delivered to the Company and the Purchase Contract Agent, the Company, when authorized by a Board Resolution, and the Purchase Contract Agent may enter into an agreement or agreements supplemental hereto for the purpose of modifying in any manner the terms of the Purchase Contracts, or the provisions of this Agreement or the rights of the Holders in respect of the Units; provided, however, that, except as contemplated herein, no such supplemental agreement shall, without the consent of the Holder of each Outstanding Security Unit affected thereby:,
(1a) change any Payment Date;
(2b) change the amount or the type of Collateral required to be Pledged to secure a Holder's Obligations ’s obligations under the a Purchase Contract, ; (c) impair the right of the Holder of any Purchase Contract Equity Unit to receive distributions on the related Collateral (except for the rights of Holders of Normal Corporate Units to substitute the Treasury Securities for the Pledged Capital Securities Applicable Ownership Interests in Debentures or the Pledged Applicable Ownership Interests in the Treasury Consideration Portfolio or the rights of holders of Stripped Treasury Units to substitute Capital Securities Applicable Ownership Interest in Debentures or appropriate the Applicable Ownership Interest in the Treasury Consideration Portfolio for the Pledged Treasury Securities) ), or otherwise adversely affect the Holder's rights in or to such Collateral or materially adversely alter the ’s rights in or to such Collateral;
Appears in 1 contract
Samples: Purchase Contract Agreement (Florida Power & Light Co)
Supplemental Agreements with Consent of Holders. With the consent of the Holders of not less than a majority of the outstanding Purchase Contracts voting together as one class, by Act of said Holders delivered to the Company and the Agent, the Company, when authorized by a Board Resolution, and the Agent may enter into an agreement or agreements supplemental hereto for the purpose of modifying in any manner the terms of the Purchase Contracts, or the provisions of this Agreement or the rights of the Holders in respect of the Units; provided, however, that, except as contemplated herein, no such supplemental agreement shall, without the consent of the Holder of each Outstanding Security affected thereby:
(1) change any Payment Date;
(2) change the amount or the type of Collateral required to be Pledged to secure a Holder's Obligations under the Purchase Contract, impair the right of the Holder of any Purchase Contract to receive distributions on the related Collateral (except for the rights of Holders of Normal Units to substitute the Treasury Securities for the Pledged Capital Securities or Pledged Treasury Consideration or the rights of holders of Stripped Units to substitute Capital Securities or appropriate Treasury Consideration for the Pledged Treasury Securities) or otherwise adversely affect the Holder's rights in or to such Collateral or materially adversely alter the rights in or to such Collateral;
Appears in 1 contract
Samples: Purchase Contract Agreement (Metlife Capital Trust I)
Supplemental Agreements with Consent of Holders. With the consent of the Holders of not less than a majority 66 2/3% of the outstanding Purchase Contracts voting together as one classClass, by Act of said Holders delivered to the Company and the Agent, the Company, Company when authorized by a Board Resolution, and the Agent may enter into an agreement or agreements supplemental hereto for the purpose of modifying in any manner the terms of the Purchase Contracts, or the Pledge Agent provisions of this Agreement or the rights of the Holders in respect of the UnitsSecurities; provided, thathowever, except as contemplated herein, that no such supplemental agreement shall, without the consent of the Holder of each Outstanding Security affected thereby:,
(1) change any Payment Date;
(2) change the amount or the type of Collateral required to be Pledged to secure a Holder's Obligations under the Purchase Contract, impair the right of the Holder of any Purchase Contract to receive distributions on the related Collateral (except for the rights of Holders of Normal Units Income PRIDES to substitute the Treasury Securities for the Pledged Capital Pledge Preferred Securities or Pledged Treasury Consideration or the rights of holders of Stripped Units Growth PRIDES to substitute Capital Preferred Securities or appropriate Treasury Consideration for the Pledged Treasury Securities) or otherwise adversely affect the Holder's rights in or to such Collateral or materially adversely alter the rights in or to such Collateral;affect
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