Common use of Treasury PIES Clause in Contracts

Treasury PIES. Such Collateral Substitution may cause the equivalent aggregate principal amount of this Certificate to be increased or decreased; provided, however, this Corporate PIES Certificate shall not represent more than 4,704,650 Corporate PIES, or if in the form of a Global Certificate, such other maximum amount as shall at the time be prescribed by the applicable Depositary. All such adjustments to the equivalent aggregate principal amount of this Corporate PIES Certificate if a Global Certificate shall be duly recorded by placing an appropriate notation on the Schedule as may be attached hereto. A Holder of Treasury PIES may recreate Corporate PIES by delivering to the Securities Intermediary Senior Notes with an aggregate principal amount equal to the aggregate principal amount at maturity of the Pledged Treasury Securities in exchange for the release of such Pledged Treasury Securities in accordance with the terms of the Purchase Contract Agreement and the Pledge Agreement. Holders may recreate Corporate PIES only in integral multiples of 20 Corporate PIES.

Treasury PIES. Such Collateral Substitution may cause the equivalent aggregate principal amount of this Certificate to be increased or decreased; providedPROVIDED, howeverHOWEVER, this Corporate PIES Certificate shall not represent more than 4,704,650 6,900,000 Corporate PIES, or if in the form of a Global Certificate, such other maximum amount as shall at the time be prescribed by the applicable Depositary. All such adjustments to the equivalent aggregate principal amount of this Corporate PIES Certificate if a Global Certificate shall be duly recorded by placing an appropriate notation on the Schedule as may be attached hereto. A Holder of Treasury PIES may recreate Corporate PIES by delivering to the Securities Intermediary Senior Notes with an aggregate principal amount equal to the aggregate principal amount at maturity of the Pledged Treasury Securities in exchange for the release of such Pledged Treasury Securities in accordance with the terms of the Purchase Contract Agreement and the Pledge Agreement. Holders may make recreate Corporate PIES only in integral multiples of 20 Corporate PIES.

Treasury PIES. Such Collateral Substitution may cause the equivalent aggregate principal amount of this Certificate to be increased or decreased; providedPROVIDED, howeverHOWEVER, this Corporate PIES Certificate shall not represent more than 4,704,650 _______ Corporate PIES, or if in the form of a Global Certificate, such other maximum amount as shall at the time be prescribed by the applicable Depositary. All such adjustments to the equivalent aggregate principal amount of this Corporate PIES Certificate if a Global Certificate shall be duly recorded by placing an appropriate notation on the Schedule as may be attached hereto. A Holder of Treasury PIES may recreate Corporate PIES by delivering to the Securities Intermediary Senior Notes with an aggregate principal amount equal to the aggregate principal amount at maturity of the Pledged Treasury Securities in exchange for the release of such Pledged Treasury Securities in accordance with the terms of the Purchase Contract Agreement and the Pledge Agreement. Holders may make recreate Corporate PIES only in integral multiples of 20 Corporate PIES.