Common use of Pledge of Contract Consideration Clause in Contracts

Pledge of Contract Consideration. Notwithstanding Pledgor’s right to substitute Collateral pursuant to Section 5.2, Pledgor shall cause the Collateral to include, on the Exchange Date, (i) unless a Reorganization Event shall have occurred, a number of shares of Common Stock at least equal to the number of shares of Common Stock (and, if a Spin-Off Distribution has occurred, the number of Marketable Securities distributed in such Spin-Off Distribution) required to be delivered under the Contract on the Exchange Date, and (ii) if a Reorganization Event has occurred, any Marketable Securities or other property required to be delivered under the Contract on the Exchange Date.

Appears in 3 contracts

Samples: Collateral Agreement (2010 Swift Mandatory Common Exchange Security Trust), Collateral Agreement (2009 Dole Food Automatic Common Exchange Security Trust), Collateral Agreement (Murdock David H)

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Pledge of Contract Consideration. Notwithstanding Pledgor’s 's right to substitute Collateral pursuant to Section 5.2, Pledgor shall cause the Collateral to include, on the Exchange Date, (i) unless a Reorganization Event shall have occurred, a number of shares of Class A Common Stock at least equal to the number of shares of Class A Common Stock (and, if a Spin-Off Distribution has occurred, the number of shares of Marketable Securities distributed in such Spin-Off Distribution) required to be delivered under the Contract on the Exchange Date, and (ii) if a Reorganization Event has occurred, any Marketable Securities or other property required to be delivered under the Contract on the Exchange Date.

Appears in 1 contract

Samples: Collateral Agreement (Tenth Automatic Common Exchange Security Trust)

Pledge of Contract Consideration. Notwithstanding Pledgor’s 's right to substitute Collateral pursuant to Section 5.2, Pledgor shall cause the Collateral to include, on the Exchange Date, (i) unless a Reorganization Event shall have occurred, a number of shares of Common Stock Ordinary Shares at least equal to the number of shares of Common Stock Ordinary Shares (and, if a Spin-Off Distribution has occurred, the number of shares of Marketable Securities distributed in such Spin-Off Distribution) required to be delivered under the Contract on the Exchange Date, and (ii) if a Reorganization Event has occurred, any Marketable Securities or other property required to be delivered under the Contract on the Exchange Date.

Appears in 1 contract

Samples: Collateral Agreement (Amdocs Automatic Common Exchange Security Trust)

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Pledge of Contract Consideration. Notwithstanding Pledgor’s 's right to substitute Collateral pursuant to Section 5.2, Pledgor shall cause the Collateral to include, on the Exchange Date, (i) unless a Reorganization Event shall have occurred, a number of shares of Class A Common Stock at least equal to the number of shares of Class A Common Stock (and, if a Spin-Off Distribution has occurred, the number of shares of Marketable Securities distributed in such Spin-Off Distribution) required to be delivered under the Contract on the Exchange Date, and (ii) if a Reorganization Event has occurred, any Marketable Securities or other property required to be delivered under the Contract on the Exchange Date.

Appears in 1 contract

Samples: Collateral Agreement (Eleventh Automatic Common Exchange Security Trust)

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