Related Clauses

RIGHTS UPON DISTRIBUTION OF ASSETS
Distribution of Additional Shares, Rights, etc
Reorganization of Company; Special Distributions
Distribution of Assets Upon Dissolution
Consolidation, Merger or Sale or Transfer of Assets, Cash Flow or Earning Power
Distributions Upon Liquidation
Limitations on Sale or Distribution of Other Securities
Liquidation etc
Right of Holders to Require the Company to Repurchase Notes Upon a Fundamental Change
Reclassification, Consolidation, Purchase, Combination, Sale or Conveyance

Parent Clauses

Certain Covenants of Pledgor
Definitions Interpretation
Defined Terms
Representations and Warranties of Pledgor
Representations and Warranties of the Collateral Agent
Termination
Interpretation
Certain Covenants of the Pledgor
Income on Collateral
Grantor

Pledge Upon Spin-Off Distribution. Upon the occurrence of a Spin-Off Distribution, Pledgor shall immediately cause to be delivered to the Collateral Agent, in the manner provided in Section 5.4, Marketable Securities in an amount at least equal to the Maximum Deliverable Number of such securities, or, at Pledgor's election, U.S. Government Securities having an aggregate Market Value at least equal to 150% of such Maximum Deliverable Number of Marketable Securities, in each case to be held as additional Collateral hereunder.

Appears in 4 contracts

Samples: Collateral Agreement (Tenth Automatic Common Exchange Security Trust), Collateral Agreement (Ameritrade Automatic Common Exchange Security Tr), Collateral Agreement (Eleventh Automatic Common Exchange Security Trust)

Pledge Upon Spin-Off Distribution. Upon the occurrence of a Spin-Off Distribution, Pledgor shall immediately cause to be delivered to the Collateral Agent, in the manner provided in Section 5.4, Marketable Securities in an amount at least equal to the Maximum Deliverable Number of such securities, or, at Pledgor's ’s election, U.S. Government Securities having an aggregate Market Value at least equal to 150% of such Maximum Deliverable Number of Marketable Securities, in each case to be held as additional Collateral hereunder.

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)

Pledge Upon Spin-Off Distribution. Upon the occurrence of a Spin-Off Distribution, the Pledgor shall immediately cause to be delivered to the Collateral Agent, in the manner provided in Section ~~5.4~~5(d), Marketable Securities in an amount at least equal to the Maximum Deliverable Number ~~of such securities~~thereof, or, at Pledgor's election, U.S. Government Securities having an aggregate Market Value at least equal to 150% of such Maximum Deliverable Number of Marketable Securities, in each case to be held as additional Collateral hereunder.

Appears in 1 contract

Samples: Collateral Agreement (Estee Lauder Automatic Common Exchange Security Trust Ii)

Common use of Pledge Upon Spin-Off Distribution Clause in Contracts