Tax Event Treasury Portfolio means (a) if the Tax Event Redemption occurs prior to the Initial Reset Date, or if the Senior Notes are not successfully remarketed on the third business day immediately preceding the Initial Reset Date, prior to May 16, 2006 (i) interest or principal strips of U.S. Treasury Securities that mature on or prior to May 15, 2006 in an aggregate amount equal to the principal amount of Senior Notes included in the Corporate Units, and (ii) with respect to each scheduled interest payment date on the Senior Notes that occurs after the Tax Event Redemption and on or before May 16, 2006, interest or principal strips of U.S. Treasury Securities which mature on or prior to that interest payment date in an aggregate amount equal to the aggregate interest payment that would be due on the aggregate principal amount of the Senior Notes on that date if the interest rate of the Senior Notes was not reset on any applicable Reset Date; or (b) if the Tax Event Redemption occurs on or after the Initial Reset Date, or if the Senior Notes are not successfully remarketed on the third business day immediately preceding the Initial Reset Date, on or after May 16, 2006 (i) interest or principal strips of U.S. Treasury Securities that mature on or prior to May 15, 2008 in an aggregate amount equal to the principal amount of Senior Notes outstanding, and (ii) with respect to each scheduled interest payment date on the Senior Notes that occurs after the Tax Event Redemption and on or before May 16, 2008, interest or principal strips of U.S. Treasury Securities which mature on or prior to that interest payment date in an aggregate amount equal to the aggregate interest payment that would be due on the aggregate principal amount of the Senior Notes outstanding on that date.
Tax Event Treasury Portfolio means a portfolio of principal or interest strips of U.S. Treasury Securities that mature on (i) the Business Day immediately preceding the Stock Purchase Date in an aggregate amount equal to the aggregate principal amount of the Notes included in the Equity Security Units on the Tax Event Redemption Date (immediately prior to redemption) and (ii) with respect to each scheduled Interest Payment Date on the Notes that occurs after the Tax Event Redemption Date and on or before the Stock Purchase Date, interest or principal strips of U.S. Treasury Securities that mature on the Business Day immediately preceding such Interest Payment Date in an aggregate amount equal to the aggregate interest payment that would be due on the aggregate principal amount of the Notes outstanding on the Tax Event Redemption Date (immediately prior to the redemption).
Tax Event Treasury Portfolio means portfolio of principal or interest strips of U.S. Treasury Securities that mature on (1) the Business Day immediately preceding the Stock Purchase Date in an aggregate amount equal to the aggregate principal amount of the Notes included in the Equity Security Units on the Tax Event Redemption Date and (2) with respect to each scheduled interest Payment Date on the Notes that occurs after the Tax Event Redemption Date and on or before the Stock Purchase Date, interest or principal strips of U.S. Treasury Securities that mature on the Business Day immediately preceding such interest Payment Date in an aggregate amount equal to the aggregate interest payment that would be due on the aggregate principal amount of the Notes outstanding on the Tax Event Redemption Date.
Examples of Tax Event Treasury Portfolio in a sentence
Thereafter the Collateral Agent shall have such security interests, rights and obligations with respect to the Tax Event Treasury Portfolio as it had in respect of the Pledged Debt Securities, as provided in Articles II, III, IV, V and VI hereof, and any reference herein to the Pledged Debt Securities shall be deemed to be a reference to such Tax Event Treasury Portfolio.
The Company may cause to be made in any Corporate Unit Certificates thereafter to be issued such change in phraseology and form (but not in substance) as may be appropriate to reflect the substitution of the Tax Event Treasury Portfolio for Debt Securities as collateral.
Pursuant to the terms of the Pledge Agreement, the Collateral Agent will apply an amount equal to the Redemption Amount of such Redemption Price to purchase on behalf of the Holders of Corporate Units the Tax Event Treasury Portfolio and promptly remit the remaining portion of such Redemption Price to the Agent for payment to the Holders of such Corporate Units.
The Tax Event Treasury Portfolio will be substituted for the outstanding Pledged Debt Securities, and will be held by the Collateral Agent in accordance with the terms of the Pledge Agreement to secure the obligation of each Holder of a Corporate Unit to purchase the Common Stock of the Company on the Purchase Contract Settlement Date under the Purchase Contract constituting a part of such Corporate Unit.
The Tax Event Treasury Portfolio will be substituted for the Pledged Notes, and will be pledged to the Collateral Agent in accordance with the terms of the Pledge Agreement to secure the obligation of each Holder of an Equity Security Unit to purchase the Common Stock under the Purchase Contract constituting a part of such Equity Security Units.
More Definitions of Tax Event Treasury Portfolio
Tax Event Treasury Portfolio means, with respect to the Applicable Principal Amount of Debt Securities (a) if the Tax Event Redemption Date occurs prior to the Series K Reset Date, a portfolio of zero-coupon U.S. Treasury Securities consisting of (i) interest or principal strips of U.S. Treasury Securities that mature on or prior to November 16, 2004 in an aggregate amount equal to the Applicable Principal Amount of Series K Notes and interest or principal strips of U.S. Treasury Securities that mature on or prior to November 16, 2005 in an aggregate amount equal to the Applicable Principal Amount of Series L Notes and (ii) with respect to each scheduled interest payment date on the Debt Securities of each series that occurs after the Tax Event Redemption Date, interest or principal strips of U.S. Treasury Securities that mature on or prior to such dates in an aggregate amount equal to the aggregate interest payment that would be due on the Applicable Principal Amount of the Debt Securities on such date, assuming the Coupon Rate of the Debt Securities of each series is not reset on any Reset Date, (b) if the Tax Event Redemption occurs on or after the Series K Reset Date and prior to the Series L Reset Date, a portfolio of zero-coupon U.S. Treasury Securities consisting of (i) interest or principal strips of U.S. Treasury Securities that mature on or prior to November 16, 2006 in an aggregate amount equal to the Applicable Principal Amount of Series K Notes, and interest or principal strips of U.S. Treasury Securities that mature on or prior to November 16, 2005 in an aggregate amount equal to the Applicable Principal Amount of Series L Notes, and (ii) with respect to each scheduled interest payment date on Debt Securities of each series that occurs after the Tax Event Redemption Date and on or before November 16, 2006, in the case of the Series K Notes, or on or before November 16, 2005, in the case of the Series L Notes, interest or principal strips of U.S. Treasury Securities that mature on or prior to such date in an aggregate amount equal to the aggregate interest payment that would be due on the Applicable Principal Amount of the Debt Securities, on that date assuming the Coupon Rate of the Series L Notes was not reset on a Series L Reset Date, and (c) if the Tax Event Redemption Date occurs after the Series L Reset Date, a portfolio of zero-coupon U.S. Treasury Securities consisting of (i) principal or interest strips of U.S. Treasury Securities that mature on or prior to Novem...
Tax Event Treasury Portfolio means, with respect to the Applicable Principal Amount of Senior Notes (a) if the Tax Event Redemption Date occurs prior to the Series K Reset Date, a portfolio of zero-coupon U.S. Treasury Securities consisting of (i) interest or principal strips of U.S. Treasury Securities that mature on or prior to November 16, 2004 in an aggregate amount equal to the Applicable Principal Amount of Series K Notes and interest or principal strips of U.S. Treasury Securities that mature on or prior to November 16, 2005 in an aggregate amount equal to the Applicable Principal Amount of Series L Notes and (ii) with respect to each scheduled interest payment date on the Senior Notes of each series that occurs after the Tax Event Redemption Date, interest or principal strips of U.S. Treasury Securities that mature on or prior to such dates in an aggregate amount equal to the aggregate interest payment that would be due on the Applicable Principal Amount of the Senior Notes on such date, assuming the interest rate of the Senior Notes of each series is not reset on any Reset Date, (b) if the Tax Event Redemption occurs on or after the Series K Reset Date and prior to the Series L Reset Date, a portfolio of zero-coupon U.S. Treasury Securities consisting of (i) interest or principal strips of U.S. Treasury Securities that mature on or prior to November 16, 2006 in an aggregate amount equal to the Applicable Principal Amount of Series K Notes, and interest or principal strips of U.S. Treasury Securities that mature on or prior to November 16, 2005 in an aggregate amount equal to the Applicable Principal Amount of Series L Notes, and (ii) with respect to each scheduled interest payment date on Senior Notes of each series that occurs after the Tax Event Redemption Date and on or before November 16, 2006, in the case of the Series K Notes, or on or before November 16, 2005, in the case of the Series L Notes, interest or principal strips of U.S. Treasury Securities that mature on or prior to such date in an aggregate amount equal to the aggregate interest payment that would be due on the Applicable Principal Amount of the Senior Notes, on that date assuming the interest rate of the Series L Notes was not reset on a Series L Reset Date, and (c) if the Tax Event Redemption Date occurs after the Series L Reset Date, a portfolio of zero-coupon U.S. Treasury Securities consisting of (i) principal or interest strips of U.S. Treasury Securities that mature on or prior to November 16, 2006
Tax Event Treasury Portfolio means (i) interest or principal strips of U.S. Treasury Securities that mature on or prior to February 15, 2008 in an aggregate amount equal to the principal amount of Senior Notes included in the Corporate Units, and (ii) with respect to each scheduled Payment Date on the Senior Notes that occurs after the Tax Event Redemption and on or prior to February 16, 2008, interest or principal strips of U.S. Treasury Securities which mature on or prior to that Payment Date in an aggregate amount equal to the aggregate interest payment that would be due on the aggregate principal amount of the Senior Notes included in the Corporate Units on that Payment Date assuming that interest accrued from and including the immediately preceding Payment Date.
Tax Event Treasury Portfolio shall have the meaning specified in the Purchase Contract and Pledge Agreement.
Tax Event Treasury Portfolio means (a) if the Tax Event Redemption occurs prior to the Reset Date, or if the Debt Securities are not successfully remarketed on a Remarketing Date, prior to August 16, 2006 (i) interest or principal strips of U.S. Treasury Securities that mature on or prior to August 15, 2006 in an aggregate amount equal to the principal amount of Debt Securities included in the Income PRIDES, and (ii) with respect to each scheduled interest payment date on the Debt Securities that occurs after the Tax Event Redemption and on or before August 16, 2006, interest or principal strips of U.S. Treasury Securities which mature on or prior to that interest payment date in an aggregate amount equal to the aggregate interest payment that would be due on the aggregate principal amount of the Debt Securities on that date if the interest rate of the Debt Securities was not reset on any applicable Reset Date; or (b) if the Tax Event Redemption occurs on or after the Reset Date, or if the Debt Securities are not successfully remarketed on the third business day immediately preceding the Initial Reset Date, on or after August 16, 2006 (i) interest or principal strips of U.S. Treasury Securities that mature on or prior to the maturity date of the Debt Securities in an aggregate amount equal to the principal amount of Debt Securities outstanding, and (ii) with respect to each scheduled interest payment date on the Debt Securities that occurs after the Tax Event Redemption and on or before the maturity date of the Debt Securities, interest or principal strips of U.S. Treasury Securities which mature on or prior to that interest payment date in an aggregate amount equal to the aggregate interest payment that would be due on the aggregate principal amount of the Debt Securities outstanding on that date.
Tax Event Treasury Portfolio means a portfolio of zero-coupon U.S. treasury securities consisting of principal or interest strips of U.S. treasury securities which mature on or before August 15, 2006 in an aggregate amount equal to the aggregate principal amount of the Notes outstanding on the redemption date and, with respect to each scheduled interest payment date on the Notes that occurs after the tax event redemption date, interest or principal strips of U.S. treasury securities which mature on or before that interest payment date in an aggregate amount equal to the aggregate interest payment that would be due on the aggregate principal amount of the Notes outstanding on the tax event redemption date.
Tax Event Treasury Portfolio means (a) if the Tax Event Redemption occurs prior to the Initial Reset Date, or if the Series M Notes are not successfully remarketed on the third Business Day immediately preceding the Initial Reset Date, prior to May 16, 2006 (i) interest or principal strips of U.S. Treasury Securities that mature on or prior to