Common use of Obligation to Issue Qualifying APM Securities Clause in Contracts

Obligation to Issue Qualifying APM Securities. During any APM Period, the Company shall, subject to the occurrence of a Market Disruption Event as described in Section 2.6(b) and subject to Section 2.5(b) and Section 2.6(c), issue one or more types of Qualifying APM Securities either in public offerings or private placements until the Company has raised an amount of Eligible Proceeds at least equal to the aggregate amount of accrued and unpaid deferred interest on the Debentures, including Additional Interest thereon, and applied such Eligible Proceeds on the next Interest Payment Date to the payment of deferred interest in accordance with Section 2.6, provided that:

Appears in 2 contracts

Samples: Allstate Corp, Allstate Corp

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Obligation to Issue Qualifying APM Securities. During any the APM Period, the Company shall, subject to the occurrence and continuation of a Supervisory Event or a Market Disruption Event as described in under Section 2.6(b2.7(b) and subject to Section 2.5(b) and Section 2.6(c2.5(c), issue one or more types of Qualifying APM Securities either in public offerings or private placements until the Company has raised an amount of Eligible Proceeds at least equal to the aggregate amount of accrued and unpaid deferred interest on the Debentures, including Additional Interest thereon, LoTSSM and applied such Eligible Proceeds on the next Interest Payment Date to the payment of deferred interest in accordance with Section 2.6, provided that:

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Wachovia Capital Trust X)

Obligation to Issue Qualifying APM Securities. During any the APM Period, the Company shallwill, subject to the occurrence and continuation of a Supervisory Event or a Market Disruption Event as described in under Section 2.6(b2.7(b) and subject to Section 2.5(b) and Section 2.6(c2.5(c), issue one or more types of Qualifying APM Securities either in public offerings or private placements until the Company has raised an amount of Eligible Proceeds at least equal to the aggregate amount of accrued and unpaid deferred interest on the Debentures, including Additional Interest thereon, LoTSSM and applied such Eligible Proceeds on the next Interest Payment Date to the payment of deferred interest in accordance with Section 2.6, provided that:

Appears in 1 contract

Samples: Wachovia Capital Trust IV

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Obligation to Issue Qualifying APM Securities. During any the APM Period, the Company shall, subject to the occurrence and continuation of a Supervisory Event or a Market Disruption Event as described in under Section 2.6(b2.7(b) and subject to Section 2.5(b) and Section 2.6(c2.5(c), issue one or more types of Qualifying APM Securities either in public offerings or private placements until the Company has raised an amount of Eligible Proceeds at least equal to the aggregate amount of accrued and unpaid deferred interest on the Debentures, including Additional Interest thereon, JSNs and applied such Eligible Proceeds on the next Interest Payment Date to the payment of deferred interest in accordance with Section 2.6, provided that:

Appears in 1 contract

Samples: Second Supplemental Indenture (SunTrust Capital VIII)

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