Common use of Issuer Collateral Clause in Contracts

Issuer Collateral. On the Original Issue Date set forth above, the ULC will issue to the Issuer, and the Issuer will pay for 150,000 Series 2006-1 Preferred ULC Shares (the "Designated Preferred ULC Shares") for the consideration listed below. Such Designated Preferred ULC Shares and the Pledged ULC Dividends on such Designated Preferred ULC Shares will compose part of the Issuer Collateral upon the grant of a security interest in such Issuer Collateral by the Issuer to the Indenture Trustee: Series 2006-1 Preferred ULC Shares issued by the ULC. Consideration: $150,000,000

Appears in 1 contract

Samples: Terms Agreement (Sun Life Assurance Co of Canada Us)

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Issuer Collateral. On the Original Issue Date set forth above, the ULC will issue to the Issuer, and the Issuer will pay for 150,000 750,000 Series 2006-1 Preferred ULC Shares (the "Designated Preferred ULC Shares") for the consideration listed below. Such Designated Preferred ULC Shares and the Pledged ULC Dividends on such Designated Preferred ULC Shares will compose part of the Issuer Collateral upon the grant of a security interest in such Issuer Collateral by the Issuer to the Indenture Trustee: Series 2006-1 Preferred ULC Shares issued by the ULC. Consideration: $150,000,000750,000,000

Appears in 1 contract

Samples: Terms Agreement (Sun Life Assurance Co of Canada Us)

Issuer Collateral. On the Original Issue Date set forth above, the ULC will issue to the Issuer, and the Issuer will pay for 150,000 900,000 Series 2006-1 Preferred ULC Shares (the "Designated Preferred ULC Shares") for the consideration listed below. Such Designated Preferred ULC Shares and the Pledged ULC Dividends on such Designated Preferred ULC Shares will compose part of the Issuer Collateral upon the grant of a security interest in such Issuer Collateral by the Issuer to the Indenture Trustee: Series 2006-1 Preferred ULC Shares issued by the ULC. Consideration: $150,000,000900,000,000

Appears in 1 contract

Samples: Terms Agreement (Sun Life Assurance Co of Canada Us)

Issuer Collateral. On the Original Issue Date set forth above, the ULC will issue to the Issuer, and the Issuer will pay for 150,000 600,000 Series 20062005-1 Preferred ULC Shares (the "Designated Preferred ULC Shares") for the consideration listed below. Such Designated Preferred ULC Shares and the Pledged ULC Dividends on such Designated Preferred ULC Shares will compose part of the Issuer Collateral upon the grant of a security interest in such Issuer Collateral by the Issuer to the Indenture Trustee: Series 20062005-1 Preferred ULC Shares issued by the ULC. Consideration: $150,000,000600,000,000

Appears in 1 contract

Samples: Terms Agreement (Sun Life Assurance Co of Canada Us)

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Issuer Collateral. On the Original Issue Date set forth above, the ULC will issue to the Issuer, and the Issuer will pay for 150,000 300,000 Series 20062005-1 Preferred ULC Shares (the "Designated Preferred ULC Shares") for the consideration listed below. Such Designated Preferred ULC Shares and the Pledged ULC Dividends on such Designated Preferred ULC Shares will compose part of the Issuer Collateral upon the grant of a security interest in such Issuer Collateral by the Issuer to the Indenture Trustee: Series 20062005-1 Preferred ULC Shares issued by the ULC. Consideration: $150,000,000300,000,000

Appears in 1 contract

Samples: Terms Agreement (Sun Life Assurance Co of Canada Us)

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