Common use of REESTABLISHMENT OF PEPS UNITS Clause in Contracts

REESTABLISHMENT OF PEPS UNITS. (a) So long as no Tax Event Redemption shall have occurred, and the Trust shall not have been dissolved and liquidated, at any time on or prior to the seventh Business Day immediately preceding _________________, 200__, a Holder of Treasury PEPS Units shall have the right to reestablish PEPS Units by substitution of Preferred Securities or security entitlements with respect thereto for Pledged Treasury Securities in integral multiples of [40] Treasury PEPS Units by:

Appears in 2 contracts

Samples: Pledge Agreement (Valero Energy Corp/Tx), Pledge Agreement (Vec Trust Ii)

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REESTABLISHMENT OF PEPS UNITS. (a) So long as no Tax Event Redemption shall have occurred, and the Trust shall not have been dissolved and liquidated, at any time on or prior to the seventh Business Day immediately preceding _________________August 16, 200__2002, a Holder of Treasury PEPS Units shall have the right to reestablish PEPS Units by substitution of Preferred Securities or security entitlements with respect thereto for Pledged Treasury Securities in integral multiples of [40] 40 Treasury PEPS Units by:

Appears in 1 contract

Samples: Pledge Agreement (Ucu Capital Trust I)

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REESTABLISHMENT OF PEPS UNITS. (a) So long as no Tax Event Redemption shall have occurred, and the Trust shall not have been dissolved and liquidated, at any time on or prior to the seventh Business Day immediately preceding _________________November 16, 200__2002, a Holder of Treasury PEPS Units shall have the right to reestablish PEPS Units by substitution of Preferred Securities or security entitlements with respect thereto for Pledged Treasury Securities in integral multiples of [40] 40 Treasury PEPS Units by:

Appears in 1 contract

Samples: Pledge Agreement (Ucu Capital Trust I)

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