Common use of Recreation of Corporate Units Clause in Contracts

Recreation of Corporate Units. A Holder of Treasury Units may recreate Corporate Units by delivering to the Collateral Agent Debt Securities with a principal amount equal to the aggregate principal amount of maturity of the Pledged Treasury Securities in exchange for the release of such Pledged Treasury Securities in accordance with the terms of the Purchase Contract Agreement and the Pledge Agreement. From and after such Collateral Substitution, the Holder's Units shall be referred to as a "Corporate Units." Such Collateral Substitution may cause the equivalent aggregate principal amount of this Certificate to be increased or decreased; provided, however, this Treasury Unit Certificate shall not represent more than __________ Treasury Units, or if in the form of a Global Certificate, such other maximum amount as shall at the time be prescribed by the applicable Depositary. All such adjustments to the equivalent aggregate principal amount of this Treasury Unit Certificate if a Global Certificate, shall be duly recorded, by placing an appropriate notation on the Schedule as may be attached hereto. A Holder who elects to substitute Debt Securities for Treasury Securities, thereby recreating Corporate Units, shall be responsible for any fees or expenses associated therewith.

Appears in 3 contracts

Samples: Purchase Contract Agreement (Dqe Capital Corp), Purchase Contract Agreement (Endurance Specialty Holdings LTD), Purchase Contract Agreement (Ohio Casualty Corp)

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Recreation of Corporate Units. A Holder of Treasury Units may recreate Corporate Units by delivering to the Collateral Agent Debt Securities with a principal amount equal to the aggregate principal amount of maturity of the Pledged Treasury Securities in exchange for the release of such Pledged Treasury Securities in accordance with the terms of the Purchase Contract Agreement and the Pledge Agreement. From and after such Collateral Substitution, the Holder's ’s Units shall be referred to as a "Corporate Units." Such Collateral Substitution may cause the equivalent aggregate principal amount of this Certificate to be increased or decreased; provided, however, this Treasury Unit Certificate shall not represent more than __________ Treasury Units, or if in the form of a Global Certificate, such other maximum amount as shall at the time be prescribed by the applicable Depositary. All such adjustments to the equivalent aggregate principal amount of this Treasury Unit Certificate if a Global Certificate, shall be duly recorded, by placing an appropriate notation on the Schedule as may be attached hereto. A Holder who elects to substitute Debt Securities for Treasury Securities, thereby recreating Corporate Units, shall be responsible for any fees or expenses associated therewith.

Appears in 1 contract

Samples: Purchase Contract Agreement (Amerigroup Corp)

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Recreation of Corporate Units. A Holder of Treasury Units may recreate Corporate Units by delivering to the Collateral Agent Debt Securities with a principal amount equal to the aggregate principal amount of maturity of the Pledged Treasury Securities in exchange for the release of such Pledged Treasury Securities in accordance with the terms of the Purchase Contract Agreement and the Pledge Agreement. From and after such Collateral Substitution, the Holder's ’s Units shall be referred to as a "Corporate Units." Such Collateral Substitution may cause the equivalent aggregate principal amount of this Certificate to be increased or decreased; provided, however, this Treasury Unit Certificate shall not represent more than __________ Treasury Units, or if in the form of a Global Certificate, such other maximum amount as shall at the time be prescribed by the applicable Depositary. All such adjustments to the equivalent aggregate principal amount of this Treasury Unit Certificate if a Global Certificate, shall be duly recorded, by placing an appropriate notation on the Schedule as may be attached hereto. A Holder who elects to substitute Debt Securities for Treasury Securities, thereby recreating Corporate Units, shall be responsible for any fees or expenses associated therewith.

Appears in 1 contract

Samples: Purchase Contract Agreement (Amerigroup Corp)

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