Common use of Redemption and Distribution Clause in Contracts

Redemption and Distribution. (a) Upon the repayment of the Debentures in whole or in part, at maturity or upon early redemption (either at the option of the Debenture Issuer or pursuant to a Tax Event or an Investment Company Act Event, each as described below), the proceeds from such repayment shall be simultaneously applied by the Property Trustee (subject to the Property Trustee having received notice no later than 45 days prior to such repayment) to redeem a Like Amount of the Securities at a redemption price equal to (i) in the case of the repayment of the Debentures at maturity, the Maturity Redemption Price (as defined below), (ii) in the case of the optional prepayment of the Debentures upon the occurrence and continuation of a Tax Event or an Investment Company Act Event, the Special Event Redemption Price (as defined below) and (iii) in the case of the optional prepayment of the Debentures, the Optional Redemption Price (as defined below). The Maturity Redemption Price, the Special Event Redemption Price and the Optional Redemption Price are referred to collectively as the "Redemption Price". Holders will be given not less than 10 nor more than 60 days notice of such redemption.

Redemption and Distribution. (a) Upon the repayment of the Debentures in whole or in part, at maturity or upon early redemption (either at the option of the Debenture Issuer or pursuant to a Tax Event or an Investment Company Act Special Event, each as described below), the proceeds from such repayment shall be simultaneously applied by the Property Trustee (subject to the Property Trustee having received written notice no later than 45 days prior to such repayment) to redeem a Like Amount of the Securities at a redemption price equal to (i) in the case of the repayment of the Debentures at maturity, the Maturity Redemption Price (as defined below), (ii) in the case of the optional prepayment redemption of the Debentures upon the occurrence and continuation of a Tax Event or an Investment Company Act Special Event, the Special Event Redemption Price (as defined below) and (iii) in the case of the optional prepayment redemption of the DebenturesDebentures on or after March 1, 2007, the Optional Redemption Price (as defined below). The Maturity Redemption Price, the Special Event Redemption Price and the Optional Redemption Price are referred to collectively as the "Redemption Price". Holders will be given not less than 10 30 nor more than 60 days notice of such redemption.

Redemption and Distribution. (a) Upon the repayment of the Junior Subordinated Debentures in whole or in part, at maturity or upon early redemption otherwise (either at the option of the Debenture Issuer or pursuant to a Tax Event or an Investment Company Act Special Event, each as described below), the proceeds from such repayment shall be simultaneously applied by the Property Trustee (subject to the Property Trustee having received written notice no later than 45 days prior to such repayment) to redeem a Like Amount of the Trust Securities at a redemption price equal to (i) in the case of the repayment of the Junior Subordinated Debentures at maturity, the Maturity Redemption Price (as defined below), (ii) in the case of the optional prepayment of the Junior Subordinated Debentures upon the occurrence and continuation of a Tax Event or an Investment Company Act Special Event, the Special Event Redemption Price (as defined below) and (iii) in the case of the optional prepayment of the DebenturesJunior Subordinated Debentures on or after December 1, 2007, the Optional Redemption Price (as defined below). The Maturity Redemption Price, the Special Event Redemption Price and the Optional Redemption Price are referred to collectively as the "Redemption Price". Holders will be given not less than 10 30 nor more than 60 days notice of such redemption.

Redemption and Distribution. (a) Upon the repayment of the Debentures in whole or in part, at maturity or upon early redemption (either at the option of the Debenture Issuer or pursuant to a Tax Event or an Investment Company Act Special Event, each as described below), the proceeds from such repayment shall be simultaneously applied by the Property Trustee (subject to the Property Trustee having received written notice no later than 45 days prior to such repayment) to redeem a Like Amount of the Securities at a redemption price equal to (i) in the case of the repayment of the Debentures at maturity, the Maturity Redemption Price (as defined below), (ii) in the case of the optional prepayment redemption of the Debentures upon the occurrence and continuation of a Tax Event or an Investment Company Act Special Event, the Special Event Redemption Price (as defined below) and (iii) in the case of the optional prepayment redemption of the DebenturesDebentures on or after June 1, 2007, the Optional Redemption Price (as defined below). The Maturity Redemption Price, the Special Event Redemption Price and the Optional Redemption Price are referred to collectively as the "Redemption Price". Holders will be given not less than 10 30 nor more than 60 days notice of such redemption.