Common use of Remarketing Clause in Contracts

Remarketing. The Collateral Agent shall, by 11:00 a.m., New York City time, on the Business Day immediately preceding an applicable Remarketing Date, notify the Remarketing Agent of the aggregate liquidation amount of the applicable series of Pledged Trust Preferred Securities that are to be remarketed and without any instruction from any Holder of Normal Common Equity Units, present the related Pledged Trust Preferred Securities of the applicable series to the Remarketing Agent for Remarketing. In the event of a Failed Remarketing, the Trust Preferred Securities presented to the Remarketing Agent pursuant to this Section 7.02 for Remarketing shall be redeposited into the applicable Collateral Account.

Appears in 3 contracts

Samples: Pledge Agreement (Metlife Inc), Pledge Agreement (Metlife Inc), Pledge Agreement (Metlife Inc)

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Remarketing. The Collateral Agent shall, by 11:00 a.m., New York City time, on the ninth (9th) Business Day immediately preceding an applicable Remarketing Applicable Stock Purchase Date, notify the Remarketing Agent of the aggregate liquidation principal amount of the applicable series of Pledged Trust Preferred Debt Securities that are to be remarketed and without the need for any instruction from any Holder of Normal Common Equity Units, present the related Pledged Trust Preferred Debt Securities of the applicable series to the Remarketing Agent for Remarketing. In the event of a Failed Remarketing, the Trust Preferred Debt Securities presented to the Remarketing Agent pursuant to this Section 7.02 7.2 for Remarketing shall be redeposited into the applicable Collateral Account.

Appears in 2 contracts

Samples: Pledge Agreement (Metlife Inc), Pledge Agreement (American International Group Inc)

Remarketing. The Collateral Agent shall, by promptly after 11:00 a.m., New York City time, on the Business Day immediately preceding an applicable the beginning of any Remarketing DatePeriod, notify the Remarketing Agent of the aggregate liquidation amount of the applicable series of Pledged Trust Preferred Securities that are to be remarketed and without any instruction from any Holder of Normal Common Equity UnitsMCAPS, present the related Pledged Trust Preferred Securities of the applicable series to the Remarketing Agent for Remarketing. In the event of a Failed Remarketing, the Trust Preferred Securities presented to the Remarketing Agent pursuant to this Section 7.02 7.2 for Remarketing shall be redeposited into the applicable Collateral Account.

Appears in 2 contracts

Samples: Collateral Agreement (Lehman Brothers Holdings Inc), Collateral Agreement (Lehman Brothers Holdings Inc)

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Remarketing. The Collateral Agent shall, by 11:00 a.m., New York City time, on the ninth (9th) Business Day immediately preceding an applicable Remarketing Applicable Stock Purchase Date, notify the Remarketing Agent of the aggregate liquidation principal amount of the applicable series of Pledged Trust Preferred Debt Securities that are to be remarketed and without the need for any instruction from any Holder of Normal Common Equity Units, present the related Pledged Trust Preferred Debt Securities of the applicable series to the Remarketing Agent for RemarketingRemarketing in accordance with Section 7.3. In the event of a Failed Remarketing, the Trust Preferred Debt Securities presented to the Remarketing Agent pursuant to this Section 7.02 7.2 for Remarketing shall be redeposited into the applicable Collateral Account.

Appears in 1 contract

Samples: Pledge Agreement (Metlife Inc)

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