Common use of Unconditional Right of Holders to Receive Contract Adjustment Payments and to Purchase Shares of Common Stock Clause in Contracts

Unconditional Right of Holders to Receive Contract Adjustment Payments and to Purchase Shares of Common Stock. Each Holder of a Unit shall have the right, which is absolute and unconditional, (a) subject to Article 5, to receive each Contract Adjustment Payment and deferred Contract Adjustment Payment with respect to the Purchase Contract comprising part of such Unit on the respective Payment Date for such Unit pursuant to the terms hereof and (b) except upon and following a Termination Event, to purchase shares of Common Stock pursuant to such Purchase Contract and, in each such case, to institute suit for the enforcement of any such right to receive Contract Adjustment Payments and the right to purchase shares of Common Stock, and such rights shall not be impaired without the consent of such Holder.

Appears in 5 contracts

Samples: Purchase Contract and Pledge Agreement (Aes Corp), Purchase Contract and Pledge Agreement (Stanley Black & Decker, Inc.), Series a Purchase Contract and Pledge Agreement (Dominion Energy Inc /Va/)

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Unconditional Right of Holders to Receive Contract Adjustment Payments and to Purchase Shares of Common Stock. Each Holder of a Unit shall have the right, which is absolute and unconditional, (ai) subject to Article 5, to receive each Contract Adjustment Payment and deferred Contract Adjustment Payment with respect to the Purchase Contract comprising part of such Unit on the respective Contract Adjustment Payment Date for such Unit pursuant to the terms hereof and (bii) except upon and following a Termination Event, to purchase shares of Common Stock pursuant to such the Purchase Contract comprising part of such Unit and, in each such case, to institute suit for the enforcement of any such right to receive Contract Adjustment Payments and the right to purchase shares of Common Stock, and such rights right shall not be impaired without the consent of such Holder.

Appears in 4 contracts

Samples: Purchase Contract and Pledge Agreement (PPL Corp), Purchase Contract and Pledge Agreement (PPL Corp), Purchase Contract and Pledge Agreement (Great Plains Energy Inc)

Unconditional Right of Holders to Receive Contract Adjustment Payments and to Purchase Shares of Common Stock. Each Holder of a Unit Corporate Units or Treasury Units shall have the right, which is absolute and unconditional, (a1) (subject to Article 5the payment by such Holder of Contract Adjustment Payments pursuant to Section 5.9(a)), to receive each Contract Adjustment Payment and deferred Contract Adjustment Payment with respect to the Purchase Contract comprising constituting a part of such Unit Security on the respective Payment Date for such Unit pursuant to the terms hereof Security and (b2) except upon and following a Termination Event, to purchase shares of Common Stock pursuant to such Purchase Contract and, in each such case, to institute suit for the enforcement of any such right to receive Contract Adjustment Payments Payment and the right to purchase shares of Common Stock, and such rights shall not be impaired without the consent of such Holder.

Appears in 2 contracts

Samples: Purchase Contract Agreement (Keyspan Trust I), Purchase Contract Agreement (Keyspan Trust Iii)

Unconditional Right of Holders to Receive Contract Adjustment Payments and to Purchase Shares of Common Stock. Each Holder of a Unit Corporate PIES or Treasury PIES shall have the right, which is absolute and unconditional, (a1) (subject to Article 5the payment by such Holder of Contract Adjustment Payments pursuant to Section 5.9(a)), to receive each Contract Adjustment Payment and deferred Contract Adjustment Payment with respect to the Purchase Contract comprising constituting a part of such Unit Security on the respective Payment Date for such Unit pursuant to the terms hereof Security and (b2) except upon and following a Termination Event, to purchase shares of Common Stock pursuant to such Purchase Contract and, in each such case, to institute suit for the enforcement of any such right to receive Contract Adjustment Payments Payment and the right to purchase shares of Common Stock, and such rights shall not be impaired without the consent of such Holder.

Appears in 2 contracts

Samples: Purchase Contract Agreement (Dominion Resources Inc /Va/), Purchase Contract Agreement (Dominion Resources Inc /Va/)

Unconditional Right of Holders to Receive Contract Adjustment Payments and to Purchase Shares of Common Stock. Each Holder of a Unit shall have the right, which is absolute and unconditional, (a) subject to Article 5, to receive each Contract Adjustment Payment and deferred Contract Adjustment Payment with respect to the Purchase Contract comprising part of such Unit on the respective Contract Adjustment Payment Date for such Unit pursuant to the terms hereof and (b) except upon and following a Termination Event, to purchase shares of Common Stock pursuant to such Purchase Contract and, in each such case, to institute suit for the enforcement of any such right to receive Contract Adjustment Payments and the right to purchase shares of Common Stock, and such rights shall not be impaired without the consent of such Holder.

Appears in 2 contracts

Samples: Purchase Contract and Pledge Agreement (Nisource Inc.), Purchase Contract and Pledge Agreement (Nisource Inc.)

Unconditional Right of Holders to Receive Contract Adjustment Payments and to Purchase Shares of Common Stock. Each Holder of a an Equity Unit shall have the right, which is absolute and unconditional, (ai) subject to Article 5V (and to any withholding tax), to receive each Contract Adjustment Payment and deferred Contract Adjustment Payment with respect to the Stock Purchase Contract comprising part of such Equity Unit on the respective Payment Date for such Equity Unit pursuant to the terms hereof and (bii) except upon and following a Termination Event, to purchase shares of Common Stock pursuant to such Stock Purchase Contract on each Stock Purchase Date and, in each such case, to institute suit for the enforcement of any such right to receive Contract Adjustment Payments and the right to purchase shares of Common Stock, and such rights shall not be impaired without the consent of such Holder.

Appears in 2 contracts

Samples: Purchase Contract Agreement (American International Group Inc), Purchase Contract Agreement (American International Group Inc)

Unconditional Right of Holders to Receive Contract Adjustment Payments and to Purchase Shares of Common Stock. Each Holder of a Unit shall have the right, which is absolute and unconditional, (a) subject to Article 5, to receive each Contract Adjustment Payment and deferred Contract Adjustment Payment (if any) with respect to the Purchase Contract comprising part of such Unit on the respective Payment Date Dates for such Unit pursuant to the terms hereof and (b) except upon and following a Termination Event, to purchase shares of Common Stock pursuant to such Purchase Contract and, in each such case, to institute suit for the enforcement of any such right to receive Contract Adjustment Payments and the right to purchase shares of Common Stock, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Purchase Contract and Pledge Agreement (Ugi Corp /Pa/)

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Unconditional Right of Holders to Receive Contract Adjustment Payments and to Purchase Shares of Common Stock. Each Holder of a HiMEDS Unit shall have the right, which is absolute and unconditional, (ai) subject to Article 5, to receive each Contract Adjustment Payment and deferred Deferred Contract Adjustment Payment with respect to the Purchase Contract comprising part of such HiMEDS Unit on the respective Payment Date for such HiMEDS Unit pursuant to the terms hereof and (bii) except upon and following a Termination Event, to purchase shares of Common Stock pursuant to such Purchase Contract and, in each such case, to institute suit for the enforcement of any such right to receive Contract Adjustment Payments and the right to purchase shares of Common Stock, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Purchase Contract and Pledge Agreement (Bankunited Financial Corp)

Unconditional Right of Holders to Receive Contract Adjustment Payments and to Purchase Shares of Common Stock. Each Holder of a Unit Corporate Units or Treasury Units shall have the right, which is absolute and unconditional, (a1) (subject to Article 5the payment by such Holder of Contract Adjustment Payments pursuant to Section 5.9(A)(a)), to receive each Contract Adjustment Payment and deferred Contract Adjustment Payment with respect to the Purchase Contract comprising constituting a part of such Unit Security on the respective Payment Date for such Unit pursuant to the terms hereof Security and (b2) except upon and following a Termination Event, to purchase shares of Common Stock pursuant to such Purchase Contract and, in each such case, to institute suit for the enforcement of any such right to receive Contract Adjustment Payments Payment and the right to purchase shares of Common Stock, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Purchase Contract Agreement (Dominion Resources Inc /Va/)

Unconditional Right of Holders to Receive Contract Adjustment Payments and to Purchase Shares of Common Stock. Each Holder of a Unit Corporate Units or Treasury Units shall have the right, which is absolute and unconditional, (a1) (subject to Article 5the payment by such Holder of Contract Adjustment Payments under Section 5.9(A)(a)), to receive each Contract Adjustment Payment and deferred Contract Adjustment Payment with respect to the Purchase Contract comprising constituting a part of such Unit Security on the respective Payment Date for such Unit pursuant to the terms hereof Security and (b2) except upon and following a Termination Event, to purchase shares of Common Stock pursuant to under such Purchase Contract and, in each such case, to institute suit for the enforcement of any such right to receive Contract Adjustment Payments Payment and the right to purchase shares of Common Stock, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Purchase Contract Agreement (Dominion Resources Capital Trust Iv)

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