{"component": "clause", "props": {"groups": [{"size": 40, "snippet_links": [{"key": "a-holder", "type": "definition", "offset": [4, 12]}, {"key": "at-any-time", "type": "clause", "offset": [92, 103]}, {"key": "prior-to-the", "type": "clause", "offset": [110, 122]}, {"key": "business-day", "type": "definition", "offset": [131, 143]}, {"key": "purchase-contract-settlement-date", "type": "definition", "offset": [170, 203]}, {"key": "integral-multiples", "type": "definition", "offset": [249, 267]}, {"key": "commencing-on", "type": "clause", "offset": [423, 436]}, {"key": "the-business", "type": "clause", "offset": [451, 463]}, {"key": "remarketing-dates", "type": "definition", "offset": [512, 529]}, {"key": "remarketing-period", "type": "definition", "offset": [555, 573]}, {"key": "in-the-case", "type": "clause", "offset": [604, 615]}, {"key": "successful-remarketing", "type": "definition", "offset": [621, 643]}, {"key": "reset-effective-date", "type": "definition", "offset": [690, 710]}, 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"dividends-on-the-common-stock", "type": "clause", "offset": [4905, 4934]}, {"key": "the-foregoing", "type": "definition", "offset": [4956, 4969]}, {"key": "to-be-considered", "type": "clause", "offset": [4983, 4999]}, {"key": "a-purchase", "type": "definition", "offset": [5039, 5049]}, {"key": "any-unit", "type": "clause", "offset": [5070, 5078]}, {"key": "new-york-city-time", "type": "definition", "offset": [5170, 5188]}, {"key": "early-settlement-date", "type": "definition", "offset": [5345, 5366]}, {"key": "such-unit", "type": "definition", "offset": [5384, 5393]}, {"key": "settlement-of-the-purchase-contracts", "type": "clause", "offset": [5406, 5442]}, {"key": "rights-of-the-holders", "type": "clause", "offset": [5448, 5469]}, {"key": "obligation-of-the-company", "type": "clause", "offset": [5489, 5514]}, {"key": "to-pay", "type": "clause", "offset": [5515, 5521]}], "samples": [{"hash": "1RyxmlzBKFV", "uri": "/contracts/1RyxmlzBKFV#early-settlement", "label": "Purchase Contract Agreement (Nextera Energy Inc)", "score": 26.7056808472, "published": true}, {"hash": "3efUTcDPfY3", "uri": "/contracts/3efUTcDPfY3#early-settlement", "label": "Purchase Contract Agreement (Nextera Energy Inc)", "score": 24.7316913605, "published": true}], "snippet": "(a) A holder of Corporate Units may settle the related Purchase Contracts in their entirety at any time on or prior to the seventh Business Day immediately preceding the Purchase Contract Settlement Date, in the manner described herein, but only in integral multiples of 20 Corporate Units; provided, however that a Holder of Corporate Units will not be permitted to settle the related Purchase Contracts during any period commencing on and including the Business Day preceding the first of the three sequential Remarketing Dates comprising any Three\u2011Day Remarketing Period, and ending on and including, in the case of a Successful Remarketing during such Three\u2011Day Remarketing Period, the Reset Effective Date, or if none of the Remarketings during such Three\u2011Day Remarketing Period is successful, the Business Day following the last of the three sequential Remarketing Dates occurring during such Three\u2011Day Remarketing Period; provided, further, if the Treasury Portfolio has become a component of the Corporate Units, Holders of Corporate Units may settle early only in integral multiples of 8,000 Corporate Units at any time on or prior to the second Business Day immediately preceding the Purchase Contract Settlement Date (or such other number of Corporate Units as may be determined by the Remarketing Agents upon a Successful Remarketing of the Debentures if the Reset Effective Date is not a regular quarterly interest payment date). A holder of Treasury Units may settle the related Purchase Contracts in their entirety at any time on or prior to the second Business Day immediately preceding the Purchase Contract Settlement Date in the manner described herein (an \u201cEarly Settlement\u201d) but only in integral multiples of 20 Treasury Units. The right to Early Settlement is subject to there being in effect a Registration Statement covering the shares of Common Stock to be issued and delivered in respect of the Purchase Contracts being settled, if such a Registration Statement is required (in the view of counsel for the Company, which need not be in the form of a written opinion) under the Securities Act. If such a Registration Statement is so required, the Company covenants and agrees to use its commercially reasonable efforts to (x) have in effect a Registration Statement covering any securities to be delivered in respect of the Purchase Contracts being settled and (y) provide a Prospectus in connection therewith, in each case in a form that may be used in connection with such Early Settlement. In the event that a Holder seeks to exercise its Early Settlement right and a Registration Statement is required to be effective in connection with the exercise of such right but no such Registration Statement is then effective, the Holder\u2019s exercise of such right shall be void unless and until such a Registration Statement shall be effective and the Company shall have no further obligation with respect to any such Registration Statement if, notwithstanding using its commercially reasonable efforts, no Registration Statement is then effective. Upon Early Settlement, (i) the Holder\u2019s right to receive additional Contract Adjustment Payments in respect of such Purchase Contracts will terminate and (ii) no adjustment will be made to or for the Holder on account of Deferred Contract Adjustment Payments, or any amount accrued in respect of Contract Adjustment Payments. In order to exercise the right to effect any Early Settlement with respect to any Purchase Contracts, the Holder of the Certificate evidencing Units shall deliver such Certificate to the Purchase Contract Agent at the Corporate Trust Office duly endorsed for transfer to the Company or in blank with the form of Election to Settle Early/Fundamental Change Early Settlement on the reverse thereof duly completed and executed and accompanied by payment (payable to the Company in immediately available funds in an amount (the \u201cEarly Settlement Amount\u201d) equal to the sum of\n(i) the product of (A) the Stated Amount times (B) the number of Purchase Contracts with respect to which the Holder has elected to effect Early Settlement, plus\n(ii) if such delivery is made with respect to any Purchase Contracts during the period from the close of business on any Record Date relating to any Payment Date to the opening of business on such Payment Date, an amount equal to the Contract Adjustment Payments payable, if any, on such Payment Date with respect to such Purchase Contracts; provided that no payment is required if the Company has elected to defer the Contract Adjustment Payments which would otherwise be payable on the Payment Date. Except as provided in the immediately preceding sentence and subject to Section 5.2(d), no payment or adjustment shall be made upon Early Settlement of any Purchase Contract on account of any Contract Adjustment Payments accrued on such Purchase Contract or on account of any dividends on the Common Stock. In order for any of the foregoing requirements to be considered satisfied or effective with respect to a Purchase Contract underlying any Unit on or by a particular Business Day, such requirement must be met at or prior to 5:00 p.m., New York City time, on such Business Day; the first Business Day on which all of the foregoing requirements have been satisfied by 5:00 p.m., New York City time shall be the \u201cEarly Settlement Date\u201d with respect to such Unit. Upon Early Settlement of the Purchase Contracts, the rights of the Holders to receive and the obligation of the Company to pay any Contract Adjustment Payments (including any accrued and unpaid Contract Adjustment Payments) with respect to such Purchase Contracts shall immediately and automatically terminate, except that the Holders will receive any accrued and unpaid Contract Adjustment Payments if the Early Settlement Date falls after a Record Date relating to any Payment Date and prior to the opening of business on such Payment Date.", "hash": "f467a34a28a93a8a7540e70d0c0c8116", "id": 5}, {"size": 47, "snippet_links": [{"key": "no-fractional-shares", "type": "clause", "offset": [17, 37]}, {"key": "charges-and-taxes", "type": "definition", "offset": [115, 132]}], "samples": [{"hash": "27ll5uuwAhC", "uri": "/contracts/27ll5uuwAhC#early-settlement", "label": "Purchase Contract Agreement (NRG Energy Inc)", "score": 18.0, "published": true}], "snippet": "59 Section 5.10. No Fractional Shares.............................................................61 Section 5.11. Charges and Taxes................................................................62", "hash": "0318f007b7fdeb5e46ec9d4131f38921", "id": 4}, {"size": 154, "snippet_links": [{"key": "subject-to-and-upon", "type": "clause", "offset": [4, 23]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [44, 70]}, {"key": "prior-to-the", "type": "clause", "offset": [77, 89]}, {"key": "close-of-business", "type": "definition", "offset": [90, 107]}, {"key": "scheduled-trading-day", "type": "definition", "offset": [122, 143]}, {"key": "scheduled-mandatory-settlement-date", "type": "definition", "offset": [170, 205]}, {"key": "a-holder", "type": "definition", "offset": [207, 215]}, {"key": "early-settlement-rate", "type": "definition", "offset": [294, 315]}, {"key": "early-settlement-right", "type": "definition", "offset": [318, 340]}, {"key": "right-to-receive", "type": "clause", "offset": [359, 375]}, {"key": "upon-early-settlement-of-any", "type": "clause", "offset": [389, 417]}, 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"not-a-business-day", "type": "clause", "offset": [1217, 1235]}, {"key": "following-the", "type": "definition", "offset": [1355, 1368]}, {"key": "with-respect-to", "type": "clause", "offset": [1475, 1490]}, {"key": "the-company-shall", "type": "clause", "offset": [1522, 1539]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [1548, 1580]}, {"key": "equal-to", "type": "definition", "offset": [1603, 1611]}, {"key": "payment-of", "type": "clause", "offset": [1680, 1690]}, {"key": "in-lieu-of", "type": "clause", "offset": [1712, 1722]}, {"key": "fractional-shares", "type": "clause", "offset": [1723, 1740]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1741, 1760]}, {"key": "dividends-or-distributions", "type": "clause", "offset": [1779, 1805]}, {"key": "purchase-contract-settlement-fund", "type": "clause", "offset": [1859, 1892]}, {"key": "entry-transfer", "type": "clause", "offset": [1952, 1966]}, {"key": "stock-shall", "type": "definition", "offset": [2075, 2086]}, {"key": "a-purchase", "type": "definition", "offset": [2129, 2139]}, {"key": "record-of", "type": "clause", "offset": [2183, 2192]}, {"key": "the-relevant", "type": "clause", "offset": [2236, 2248]}, {"key": "in-the-event", "type": "clause", "offset": [2276, 2288]}, {"key": "contracts-that", "type": "clause", "offset": [2348, 2362]}, {"key": "of-units", "type": "clause", "offset": [2379, 2387]}, {"key": "trustee-shall", "type": "definition", "offset": [2451, 2464]}, {"key": "pursuant-to-the-indenture", "type": "clause", "offset": [2479, 2504]}, {"key": "on-behalf-of", "type": "clause", "offset": [2506, 2518]}, {"key": "deliver-to", "type": "definition", "offset": [2534, 2544]}, {"key": "of-the-company", "type": "clause", "offset": [2580, 2594]}, {"key": "separate-notes", "type": "definition", "offset": [2596, 2610]}, {"key": "the-notes", "type": "clause", "offset": [2628, 2637]}, {"key": "the-units", "type": "clause", "offset": [2657, 2666]}, {"key": "represented-by", "type": "definition", "offset": [2839, 2853]}, {"key": "the-purchase-contracts", "type": "clause", "offset": [2868, 2890]}, {"key": "the-purchase-contract-agent-and-trustee", "type": "clause", "offset": [2974, 3013]}, {"key": "upon-receipt-of", "type": "definition", "offset": [3219, 3234]}, {"key": "agent-shall", "type": "definition", "offset": [3314, 3325]}, {"key": "a-copy-of", "type": "clause", "offset": [3343, 3352]}, {"key": "notice-to-the-company", "type": "definition", "offset": [3375, 3396]}], "samples": [{"hash": "ceTmWdBd2TA", "uri": "/contracts/ceTmWdBd2TA#early-settlement", "label": "Purchase Contract Agreement (BrightSpring Health Services, Inc.)", "score": 35.0780296326, "published": true}, {"hash": "a4Kg8IbY76d", "uri": "/contracts/a4Kg8IbY76d#early-settlement", "label": "Purchase Contract Agreement (BrightSpring Health Services, Inc.)", "score": 35.023273468, "published": true}, {"hash": "e6hif28v5zv", "uri": "/contracts/e6hif28v5zv#early-settlement", "label": "Purchase Contract Agreement (BrightSpring Health Services, Inc.)", "score": 33.0355911255, "published": true}], "snippet": "(a) Subject to and upon compliance with the provisions of this Section 4.06, prior to the close of business on the second Scheduled Trading Day immediately preceding the Scheduled Mandatory Settlement Date, a Holder may elect to settle its Purchase Contracts early, in whole or in part, at the Early Settlement Rate (\u201cEarly Settlement Right\u201d).\n(b) A Holder\u2019s right to receive Common Stock upon Early Settlement of any of its Purchase Contracts is subject to the following conditions (in the case of Global Securities, subject to the applicable procedures of the Depositary):\n(i) delivery of a written and signed notice of election (an \u201cEarly Settlement Notice\u201d) in the form attached to the Purchase Contract to the Purchase Contract Agent electing Early Settlement of such Purchase Contract; and\n(ii) satisfaction of the conditions set forth in Section 4.04.\n(c) If a Holder complies with the requirements set forth in Section 4.06(b) prior to the close of business on any Business Day, then that Business Day shall be considered the \u201cEarly Settlement Date.\u201d If a Holder complies with the requirements set forth in Section 4.06(b) at or after the close of business on any Business Day or at any time on a day that is not a Business Day, then the next succeeding Business Day shall be considered the \u201cEarly Settlement Date.\u201d\n(d) On the second Business Day following the Early Settlement Date, subject to satisfaction of the conditions set forth in Section 4.06(b) by a Holder with respect to any of its Purchase Contracts, the Company shall cause a number of shares of Common Stock per Purchase Contract equal to the Early Settlement Rate to be issued and delivered, together with payment of (i) any cash payable in lieu of fractional shares pursuant to Section 4.12 and (ii) any dividends or distributions with respect to such shares constituting part of the Purchase Contract Settlement Fund (but without any interest thereon), to such Holder by book-entry transfer or other appropriate procedures pursuant to Section 4.10. The Person in whose name any shares of the Common Stock shall be issuable upon such Early Settlement of a Purchase Contract shall be treated as the holder of record of such shares as of the close of business on the relevant Early Settlement Date.\n(e) In the event that Early Settlement is effected with respect to Purchase Contracts that are a component of Units, upon such Early Settlement, the Company shall execute and the Trustee shall authenticate (pursuant to the Indenture) on behalf of the Holder and deliver to the Holder thereof, at the expense of the Company, Separate Notes, in same form as the Notes comprising part of the Units, equal to the number of Purchase Contracts as to which Early Settlement was effected.\n(f) In the event that Early Settlement is effected with respect to Purchase Contracts represented by less than all the Purchase Contracts evidenced by a Security, upon such Early Settlement, the Company shall execute and the Purchase Contract Agent and Trustee shall authenticate on behalf of the Holder and deliver to the Holder thereof, at the expense of the Company, a Security evidencing the Purchase Contracts as to which Early Settlement was not effected.\n(g) Upon receipt of any Early Settlement Notice pursuant to Section 4.06(b), the Purchase Contract Agent shall promptly deliver a copy of such Early Settlement Notice to the Company.", "hash": "90f9d32364529211c7a4f9066e6345be", "id": 1}, {"size": 19, "snippet_links": [{"key": "application-of-proceeds-settlement", "type": "clause", "offset": [7, 41]}], "samples": [{"hash": "c2xFyRvbWUF", "uri": "/contracts/c2xFyRvbWUF#early-settlement", "label": "Pledge Agreement (Georgia Pacific Corp)", "score": 18.0, "published": true}, {"hash": "5PNvJ3C7Pay", "uri": "/contracts/5PNvJ3C7Pay#early-settlement", "label": "Pledge Agreement (Georgia Pacific Corp)", "score": 18.0, "published": true}], "snippet": "12 5.7 Application of Proceeds Settlement......................................... 13", "hash": "91f4e155538b68f8b5e2557489bfef82", "id": 7}, {"size": 11, "snippet_links": [{"key": "the-collateral-agent", "type": "clause", "offset": [23, 43]}, {"key": "the-purchase-contract-agent", "type": "clause", "offset": [47, 74]}, {"key": "a-holder-of-a", "type": "clause", "offset": [80, 93]}, {"key": "new-security", "type": "clause", "offset": [94, 106]}, {"key": "settlement-of", "type": "clause", "offset": [135, 148]}, {"key": "entire-obligation", "type": "clause", "offset": [153, 170]}, {"key": "in-accordance-with", "type": "definition", "offset": [235, 253]}, {"key": "terms-of-the-purchase", "type": "clause", "offset": [258, 279]}, {"key": "purchase-contract-agreement", "type": "clause", "offset": [297, 324]}, {"key": "to-the-company", "type": "clause", "offset": [403, 417]}, {"key": "confirmed-in-writing", "type": "definition", "offset": [421, 441]}, {"key": "by-the-company", "type": "clause", "offset": [442, 456]}, {"key": "early-settlement-amount", "type": "definition", "offset": [470, 493]}, {"key": "pursuant-to-the-terms", "type": "clause", "offset": [494, 515]}, {"key": "conditions-to", "type": "definition", "offset": [590, 603]}, {"key": "agent-shall", "type": "definition", "offset": [667, 678]}, {"key": "release-from", "type": "definition", "offset": [679, 691]}, {"key": "the-pledge", "type": "definition", "offset": [692, 702]}, {"key": "pledged-debentures", "type": "definition", "offset": [712, 730]}, {"key": "pledged-applicable-ownership-interest-in-the-treasury-portfolio", "type": "definition", "offset": [750, 813]}, {"key": "in-the-case", "type": "clause", "offset": [814, 825]}, {"key": "corporate-units", "type": "clause", "offset": [841, 856]}, {"key": "pledged-treasury-securities", "type": "definition", "offset": [864, 891]}, {"key": "treasury-units", "type": "definition", "offset": [919, 933]}, {"key": "each-case", "type": "definition", "offset": [938, 947]}, {"key": "free-and-clear", "type": "clause", "offset": [1173, 1187]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [1249, 1267]}], "samples": [{"hash": "h4q1MKeqhMh", "uri": "/contracts/h4q1MKeqhMh#early-settlement", "label": "Pledge Agreement (FPL Group Trust II)", "score": 18.0, "published": true}, {"hash": "bg33AXeJszH", "uri": "/contracts/bg33AXeJszH#early-settlement", "label": "Pledge Agreement (FPL Group Capital Inc)", "score": 18.0, "published": true}, {"hash": "6MiDuFYQaYg", "uri": "/contracts/6MiDuFYQaYg#early-settlement", "label": "Pledge Agreement (FPL Group Capital Inc)", "score": 18.0, "published": true}], "snippet": "Upon written notice to the Collateral Agent by the Purchase Contract Agent that a Holder of a New Security has elected to effect Early Settlement of its entire obligation under the Purchase Contract forming a part of such New Security in accordance with the terms of the Purchase Contract and the Purchase Contract Agreement, and that the Purchase Contract Agent has received from such Holder, and paid to the Company as confirmed in writing by the Company, the related Early Settlement Amount pursuant to the terms of the Purchase Contract and the Purchase Contract Agreement and that all conditions to such Early Settlement have been satisfied, then the Collateral Agent shall release from the Pledge, (a) the Pledged Debentures or the appropriate Pledged Applicable Ownership Interest in the Treasury Portfolio in the case of a Holder of Corporate Units or (b) Pledged Treasury Securities in the case of a Holder of Treasury Units, in each case that had been components of such New Security, and shall transfer such Pledged Debentures or the appropriate Pledged Applicable Ownership Interest in the Treasury Portfolio or Pledged Treasury Securities, as the case may be, free and clear of the Pledge created hereby, to the Purchase Contract Agent for the benefit of such Holder.", "hash": "b54ae0fcf245a112ce8e7c5065168359", "id": 9}, {"size": 10, "snippet_links": [{"key": "no-fractional-shares", "type": "clause", "offset": [16, 36]}, {"key": "charges-and-taxes", "type": "definition", "offset": [114, 131]}, {"key": "deferral-of-contract-payments", "type": "clause", "offset": [310, 339]}, {"key": "article-vi", "type": "clause", "offset": [395, 405]}, {"key": "table-of-contents", "type": "definition", "offset": [415, 432]}, {"key": "unconditional-right-of-holders-to-receive-contract", "type": "clause", "offset": [463, 513]}, {"key": "to-purchase-shares-of-common-stock", "type": "clause", "offset": [527, 561]}, {"key": "restoration-of-rights-and-remedies", "type": "clause", "offset": [637, 671]}], "samples": [{"hash": "fTkr7vUIif0", "uri": "/contracts/fTkr7vUIif0#early-settlement", "label": "Stock Purchase Contract Agreement (Metlife Inc)", "score": 19.1498966217, "published": true}, {"hash": "lCYNmm21N5r", "uri": "/contracts/lCYNmm21N5r#early-settlement", "label": "Stock Purchase Contract Agreement (Metlife Inc)", "score": 18.0, "published": true}, {"hash": "hVbkKfuBZOd", "uri": "/contracts/hVbkKfuBZOd#early-settlement", "label": "Stock Purchase Contract Agreement (Metlife Inc)", "score": 18.0, "published": true}], "snippet": "50 Section 5.08 No Fractional Shares............................................................. 52 Section 5.09 Charges and Taxes................................................................ 52 Section 5.10 Contract Payments................................................................ 53 Section 5.11 Deferral of Contract Payments.................................................... 57 ARTICLE VI REMEDIES TABLE OF CONTENTS (CONTINUED) PAGE Section 6.01 Unconditional Right of Holders to Receive Contract Payments and to Purchase Shares of Common Stock........................................................... 60 Section 6.02 Restoration of Rights and Remedies............................................... 60", "hash": "3fd65b23779717c2b9eec21835acf5be", "id": 10}, {"size": 99, "snippet_links": [{"key": "the-collateral-agent", "type": 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"type": "definition", "offset": [727, 740]}, {"key": "agent-shall", "type": "definition", "offset": [804, 815]}, {"key": "release-from", "type": "definition", "offset": [816, 828]}, {"key": "the-pledge", "type": "definition", "offset": [829, 839]}, {"key": "pledged-preferred-securities", "type": "definition", "offset": [845, 873]}, {"key": "applicable-ownership-interest", "type": "definition", "offset": [893, 922]}, {"key": "treasury-portfolio", "type": "clause", "offset": [930, 948]}, {"key": "in-the-case", "type": "clause", "offset": [949, 960]}, {"key": "a-holder", "type": "definition", "offset": [964, 972]}, {"key": "income-prides", "type": "definition", "offset": [976, 989]}, {"key": "pledged-treasury-securities", "type": "definition", "offset": [997, 1024]}, {"key": "growth-prides", "type": "definition", "offset": [1052, 1065]}, {"key": "principal-amount", "type": "definition", "offset": [1094, 1110]}, {"key": "equal-to", "type": "definition", "offset": [1111, 1119]}, {"key": "the-product", "type": "clause", "offset": [1120, 1131]}, {"key": "stated-amount", "type": "definition", "offset": [1143, 1156]}, {"key": "free-and-clear", "type": "clause", "offset": [1455, 1469]}, {"key": "benefit-of-the-holders", "type": "clause", "offset": [1539, 1561]}], "samples": [{"hash": "khyHRcBr08b", "uri": "/contracts/khyHRcBr08b#early-settlement", "label": "Pledge Agreement (Cendant Corp)", "score": 18.0, "published": true}, {"hash": "irbALI45ziD", "uri": "/contracts/irbALI45ziD#early-settlement", "label": "Pledge Agreement (Ingersoll Rand Co)", "score": 18.0, "published": true}, {"hash": "gByr8xalRcP", "uri": "/contracts/gByr8xalRcP#early-settlement", "label": "Pledge Agreement (Lincoln National Corp)", "score": 18.0, "published": true}], "snippet": "Upon written notice to the Collateral Agent by the Purchase Contract Agent that one or more Holders of Securities have elected to effect Early Settlement of their respective obligations under the Purchase Contracts forming a part of such Securities in accordance with the terms of the Purchase Contracts and the Purchase Contract Agreement (setting forth the number of such Purchase Contracts as to which such Holders have elected to effect Early Settlement), and that the Purchase Contract Agent has received from such Holders, and paid to the Company as confirmed in writing by the Company, the related Early Settlement Amounts pursuant to the terms of the Purchase Contracts and the Purchase Contract Agreement and that all conditions to such Early Settlement have been satisfied, then the Collateral Agent shall release from the Pledge, (a) Pledged Preferred Securities or the appropriate Applicable Ownership Interest of the Treasury Portfolio in the case of a Holder of Income PRIDES or (b) Pledged Treasury Securities in the case of a Holder of Growth PRIDES, as the case may be, with a principal amount equal to the product of (i) the Stated Amount times (ii) the number of such Purchase Contracts as to which such Holders have elected to effect Early Settlement and shall Transfer all such Pledged Preferred Securities or the appropriate Applicable Ownership Interest of the Treasury Portfolio or Pledged Treasury Securities, as the case may be, free and clear of the Pledge created hereby, to the Purchase Contract Agent for the benefit of the Holders.", "hash": "5978ed2fcab02f0962ab494825f6be30", "id": 3}, {"size": 38, "snippet_links": [], "samples": [{"hash": "jNl0FcmGMCb", "uri": "/contracts/jNl0FcmGMCb#early-settlement", "label": "Purchase Contract Agreement (Toys R Us Inc)", "score": 18.0, "published": true}, {"hash": "his8Aec7kEu", "uri": "/contracts/his8Aec7kEu#early-settlement", "label": "Forward Purchase Contract Agreement (American Electric Power Co Inc)", "score": 18.0, "published": true}, {"hash": "aON3XlF6hem", "uri": "/contracts/aON3XlF6hem#early-settlement", "label": "Forward Purchase Contract Agreement (Aep Capital Trust Iii)", "score": 18.0, "published": true}], "snippet": "50 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{"key": "common-stock-issued", "type": "clause", "offset": [1973, 1992]}, {"key": "the-foregoing", "type": "definition", "offset": [2024, 2037]}, {"key": "new-york-city-time", "type": "definition", "offset": [2158, 2176]}, {"key": "early-settlement-date", "type": "definition", "offset": [2220, 2241]}, {"key": "a-day", "type": "definition", "offset": [2381, 2386]}, {"key": "not-a-business-day", "type": "clause", "offset": [2395, 2413]}], "samples": [{"hash": "6ux3W0MMuuA", "uri": "/contracts/6ux3W0MMuuA#early-settlement", "label": "Purchase Contract Agreement (Electronic Data Systems Corp /De/)", "score": 18.0, "published": true}], "snippet": "(a) Subject to and upon compliance with the provisions of this Section 5.10, at the option of the Holder thereof, Purchase Contracts underlying Securities having an aggregate Stated Amount equal to $1,000 or an integral multiple thereof may be settled early (\"Early Settlement\") in the case of Income PRIDES (unless a Tax Event Redemption or a Successful Initial Remarketing has occurred) on or prior to the fifth Business Day immediately preceding the Purchase Contract Settlement Date and in the case of Growth PRIDES on or prior to the second Business Day immediately preceding the Purchase Contract Settlement Date, in each case, as provided herein; provided however, that if a Tax Event Redemption or a Successful Initial Remarketing has occurred and the Treasury Portfolio has become a component of the Income PRIDES, Purchase Contracts underlying Income PRIDES may be settled early on or prior to the second Business Day immediately preceding the Purchase Contract Settlement Date, but only in an aggregate amount of ____ Income PRIDES or in an integral multiple thereof. In order to exercise the right to effect Early Settlement with respect to any Purchase Contracts, the Holder of the Certificate evidencing Securities shall deliver such Certificate to the Agent at the Corporate Trust Office or the New York Office duly endorsed for transfer to the Company or in blank with the form of Election to Settle Early on the reverse thereof duly completed and accompanied by payment (payable to the Company) in lawful money of the United States by [certified or cashiers check or] wire transfer, in each case in immediately available funds in an amount (the \"Early Settlement Amount\") equal to the product of (i) the Stated Amount times (ii) the number of Purchase Contracts with respect to which the Holder has elected to effect Early Settlement. No payment or adjustment shall be made upon Early Settlement of any Purchase Contract on account of any dividends on the Common Stock issued upon such Early Settlement. If the foregoing requirements are first satisfied with respect to Purchase Contracts underlying any Securities at or prior to 5:00 p.m., New York City time, on a Business Day, such day shall be the \"Early Settlement Date\" with respect to such Securities and if such requirements are first satisfied after 5:00 p.m., New York City time, on a Business Day or on a day that is not a Business Day, the \"Early Settlement Date\" with respect to such Securities shall be the next succeeding Business Day.", "hash": "354ca368a727f0e4da933343bed5a6fb", "id": 8}, {"size": 101, "snippet_links": [{"key": "subject-to-and-upon", "type": "clause", "offset": [4, 23]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [44, 70]}, {"key": "at-the-option-of-the-holder", "type": "clause", "offset": [77, 104]}, {"key": "underlying-units", "type": "definition", "offset": [133, 149]}, {"key": "at-any-time", "type": "clause", "offset": [192, 203]}, {"key": "prior-to", "type": "clause", "offset": 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Controls Inc)", "score": 21.0, "published": true}, {"hash": "kHAyTk43bMS", "uri": "/contracts/kHAyTk43bMS#early-settlement", "label": "Purchase Contract and Pledge Agreement (Johnson Controls Inc)", "score": 21.0, "published": true}, {"hash": "1sn9R6cAmm8", "uri": "/contracts/1sn9R6cAmm8#early-settlement", "label": "Purchase Contract and Pledge Agreement (Johnson Controls Inc)", "score": 21.0, "published": true}], "snippet": "(a) Subject to and upon compliance with the provisions of this Section 5.08, at the option of the Holder thereof, Purchase Contracts underlying Units may be settled early (\u201cEarly Settlement\u201d) at any time on or prior to 4:00 p.m. (New York City time) on the seventh Business Day immediately preceding the Purchase Contract Settlement Date, other than during a Restricted Period or following the effectiveness of a Fundamental Change (in which case Section 5.05 shall apply); provided that no Early Settlement will be permitted pursuant to this Section 5.08 unless, at the time such Early Settlement is effected, there is an effective Registration Statement with respect to any securities to be issued and delivered in connection with such Early Settlement, if such a Registration Statement is required (in the view of counsel, which need not be in the form of a written opinion, for the Company) under the Securities Act. If such a Registration Statement is so required, the Company covenants and agrees to use its commercially reasonable efforts to (i) have in effect a Registration Statement covering any securities to be delivered in respect of the Purchase Contracts being settled and (ii) provide a Prospectus in connection therewith, in each case in a form that may be used in connection with such Early Settlement (it being understood that if there is a material business transaction or development that has not yet been publicly disclosed, the Company will not be required to provide such a Prospectus, and the right to effect Early Settlement will not be available, until the Company has publicly disclosed such transaction or development, provided that the Company will use its commercially reasonable efforts to make such disclosure as soon as it is commercially reasonable to do so). In the event that a Holder seeks to effect an Early Settlement and a Registration Statement is so required but no such Registration Statement is then effective, the Holder\u2019s attempt to effect such Early Settlement shall be void unless and until such a Registration Statement shall be effective.\n(b) In order to exercise the right to effect Early Settlement with respect to any Purchase Contracts, the Holder of the Certificate evidencing Units (in the case of Certificates in definitive certificated form) shall deliver, at any time prior to 4:00 p.m. (New York City time) on the seventh Business Day immediately preceding the Purchase Contract Settlement Date, other than during a Restricted Period or following the effectiveness of a Fundamental Change (in which case Section 5.05 shall apply), such Certificate to the Purchase Contract Agent at the Corporate Trust Office duly endorsed for transfer to the Company or in blank with the form of Election to Settle Early on the reverse thereof duly completed and accompanied by payment (payable to the Company in immediately available funds) in an amount (the \u201cEarly Settlement Amount\u201d) equal to the product of (1) the Stated Amount and (2) the number of Purchase Contracts with respect to which the Holder has elected to effect Early Settlement in accordance with this Section 5.08. In the case of Book-Entry Interests, each Beneficial Owner electing Early Settlement must deliver the Early Settlement Amount to the Purchase Contract Agent along with a facsimile of the Election to Settle Early form duly completed, make book-entry transfer of such Book-Entry Interests and comply with the applicable procedures of the Depositary. In addition, so long as the Units are evidenced by one or more Global Certificates deposited with the Depositary, procedures for early settlement will also be governed by standing arrangements between the Depositary and the Purchase Contract Agent. If the foregoing requirements are first satisfied with respect to Purchase Contracts underlying any Units at or prior to 4:00 p.m., New York City time, on a Business Day, such day shall be the \u201cEarly Settlement Date\u201d with respect to such Units and if such requirements are first satisfied after 4:00 p.m., New York City time, on a Business Day or on a day that is not a Business Day, the \u201cEarly Settlement Date\u201d with respect to such Units shall be the next succeeding Business Day. Upon the receipt of such Certificate and Early Settlement Amount from the Holder, the Purchase Contract Agent shall pay to the Company such Early Settlement Amount, the receipt of which payment the Company shall confirm in writing. The Purchase Contract Agent shall then notify the Collateral Agent that (A) such Holder has elected to effect an Early Settlement, which notice shall set forth the number of such Purchase Contracts as to which such Holder has elected to effect Early Settlement, (B) the Purchase Contract Agent has received from such Holder, and paid to the Company as confirmed in writing by the Company, the related Early Settlement Amount and (C) all conditions to such Early Settlement have been satisfied. Upon receipt by the Collateral Agent of the notice from the Purchase Contract Agent set forth in the preceding paragraph, the Collateral Agent shall release from the Pledge, (1) in the case of a Holder of Corporate Units, the Notes underlying the Pledged Applicable Ownership Interest in Notes, or the Pledged Applicable Ownership Interests in the Treasury Portfolio, as the case may be, relating to the Purchase Contracts to which Early Settlement is effected, or (2) in the case of a Holder of Treasury Units, Pledged Treasury Securities, in each case with a Value equal to the product of (x) the Stated Amount times (y) the number of Purchase Contracts as to which such Holder has elected to effect Early Settlement, and shall instruct the Securities Intermediary to Transfer all such Pledged Applicable Ownership Interests in the Treasury Portfolio or Notes underlying such Pledged Applicable Ownership Interests in Notes or Pledged Treasury Securities, as the case may be, to the Purchase Contract Agent for distribution to such Holder, in each case free and clear of the Pledge created hereby. Holders of Corporate Units and Treasury Units may only effect Early Settlement pursuant to this Section 5.08 in integral multiples of 20 Corporate Units or 20 Treasury Units, as the case may be. If Applicable Ownership Interests in the Treasury Portfolio have replaced Applicable Ownership Interests in Notes as a component of the Corporate Units, Corporate Units Holders may only effect Early Settlement pursuant to this Section 5.08 in integral multiples of 16,000 Corporate Units (or such other number of Corporate Units as may be determined by the Remarketing Agent upon a Successful Remarketing if the Reset Effective Date is not a Payment Date).", "hash": "82d52e31e39160511332e4e48f8594db", "id": 2}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhllYXJseS1zZXR0bGVtZW50IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Early Settlement", "children": [["upon-early-settlement-of-purchase-contracts", "Upon Early Settlement of Purchase Contracts"], ["upon-early-settlement-of-purchase-contracts-by", "Upon Early Settlement of Purchase Contracts by"], ["upon-early-settlement-of-purchase-contracts-by-a-holder-of-the-related-units", "Upon Early Settlement of Purchase Contracts by a Holder of the related Units"], ["upon-early-settlement-of-purchase-contracts-by-a-holder-of-the-related-securities", "Upon Early Settlement of Purchase Contracts by a Holder of the related Securities"], ["upon-early-settlement-of-any", "Upon Early Settlement of any"]], "parents": [["the-purchase-contracts", "The Purchase Contracts"], ["no-consent-to-assumption", "No Consent to Assumption"], ["settlement-of-the-purchase-contracts", "Settlement of the Purchase Contracts"], ["the-purchase-contracts-the-remarketing", "The Purchase Contracts the Remarketing"], ["cusip-numbers", "CUSIP Numbers"]], "size": 602, "id": "early-settlement", "related": [["cash-settlement", "Cash Settlement", "Cash Settlement"], ["termination-settlement", "Termination Settlement", "Termination Settlement"], ["physical-settlement", "Physical Settlement", "Physical Settlement"], ["combination-settlement", "Combination Settlement", "Combination Settlement"], ["contractual-settlement", "Contractual Settlement", "Contractual Settlement"]], "related_snippets": [], "updated": "2026-04-25T04:25:46+00:00"}, "json": true, "cursor": ""}}