Common use of Optional Remarketing Clause in Contracts

Optional Remarketing. (a) On or prior to the fourth Business Day immediately preceding either the Remarketing Date or if applicable, the first day of any subsequent Remarketing Period, but no earlier than the Interest Payment Date immediately preceding the last Interest Payment Date before the Stock Purchase Date, holders of Separate Notes may elect to have their Separate Notes remarketed by Transferring their Separate Notes and delivering a notice of such election, substantially in the form of Exhibit C to the Pledge Agreement, to the Collateral Agent. On the third Business Day immediately prior to the Remarketing Date or the first day of any subsequent Remarketing Period, by 10:00 a.m., New York City time, the Collateral Agent shall notify the Remarketing Agent of the number of such Separate Notes to be remarketed. The Collateral Agent will hold such Separate Notes in an account separate from the Collateral Account. A holder of Separate Notes electing to have its Separate Notes remarketed will also have the right to withdraw such election by written notice to the Collateral Agent, substantially in the form of Exhibit D to the Pledge Agreement, on or prior to the fourth Business Day immediately preceding the applicable Remarketing Date or the first day of a subsequent Remarketing Period, upon which notice the Collateral Agent will return such Separate Notes to such holder.

Optional Remarketing. (a) On or prior to the fourth Business Day immediately preceding either the Remarketing Date or if applicable, the first day of At any subsequent Remarketing Period, but no earlier than time after the Interest Payment Date immediately preceding the last Interest Payment Date before the Stock Purchase DateDate and prior to 11:00 a.m., New York City time, on the fourth Business Day immediately preceding the Initial Remarketing Date or the first day of any subsequent Remarketing Period, as applicable, holders of Separate Notes may elect to have their Separate Notes remarketed by Transferring their such Separate Notes and delivering a notice of such election, substantially in the form of Exhibit C to the Pledge Agreement, to the Collateral Custodial Agent. On the third Business Day immediately prior Pursuant to the Remarketing Date or terms of the first day of any subsequent Remarketing Period, by 10:00 a.m., New York City timePledge Agreement, the Collateral Agent shall notify the Remarketing Agent of the number of such Separate Notes to be remarketed. The Collateral Custodial Agent will hold such Separate Notes in an account separate from the Collateral Account. On the third Business Day immediately preceding the Initial Remarketing Date or the first day of any subsequent Remarketing Period, as applicable, not later than 10:00 a.m., New York City time, pursuant to the terms of the Pledge Agreement, the Custodial Agent shall notify the Remarketing Agent of the aggregate number of Separate Notes to be remarketed. A holder of Separate Notes electing to have its Separate Notes remarketed will also have the right to withdraw such election by written notice to the Collateral Custodial Agent, substantially in the form of Exhibit D to the Pledge Agreement, on or prior to 11:00 a.m., New York City time, on the fourth Business Day immediately preceding the applicable Initial Remarketing Date or the first day of a subsequent Remarketing Period, as applicable, upon which notice the Collateral Custodial Agent will return such Separate Notes to such holder.