Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debt Securities or the appropriate Applicable Ownership Interest in the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.
Appears in 5 contracts
Samples: Pledge Agreement (Texas Utilities Co /Tx/), Pledge Agreement (Txu Capital Iv), Pledge Agreement (Dte Energy Co)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debt Securities or the appropriate Applicable Ownership Interest in the a Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.
Appears in 5 contracts
Samples: Pledge Agreement (Great Plains Energy Inc), Pledge Agreement (Great Plains Energy Inc), Pledge Agreement (Txu Capital Iv)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debt Securities Trust Preferred Securities, Senior Deferrable Notes or security entitlements for any of them or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.
Appears in 4 contracts
Samples: Pledge Agreement (Valero Energy Corp/Tx), Pledge Agreement (Vec Trust Ii), Pledge Agreement (Ucu Capital Trust I)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debt Securities Debentures or the appropriate Applicable Ownership Interest in the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.
Appears in 4 contracts
Samples: Pledge Agreement (FPL Group Capital Inc), Pledge Agreement (FPL Group Trust II), Pledge Agreement (FPL Group Capital Inc)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debt Securities Debentures or the appropriate Applicable Ownership Interest in the Treasury Portfoliosecurity entitlements to either of them, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created herebyby this Agreement.
Appears in 4 contracts
Samples: Pledge Agreement (New Nisource Inc), Pledge Agreement (Nisource Inc), Pledge Agreement (New Nisource Inc)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debt Capital Securities or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.
Appears in 4 contracts
Samples: Pledge Agreement (Cox Communications Inc /De/), Pledge Agreement (Ingersoll Rand Co), Pledge Agreement (Kaufman & Broad Home Corp)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debt Securities Preferred Securities, [Subordinated] Notes or security entitlements for any of them or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.
Appears in 2 contracts
Samples: Pledge Agreement (Cc Funding Trust Ii), Pledge Agreement (Cinergy Corp)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debt Securities Notes or security entitlements for any of them or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.
Appears in 2 contracts
Samples: Pledge Agreement (Citizens Communications Co), Pledge Agreement (Citizens Communications Co)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debt Securities or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.
Appears in 2 contracts
Samples: Pledge Agreement (Texas Utilities Co /Tx/), Pledge Agreement (Arvin Industries Inc)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debt Securities Trust Preferred Securities, Subordinated Deferrable Notes or security entitlements for any of them or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.
Appears in 1 contract
Samples: Pledge Agreement (CMS Energy Corp)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debt Securities or the appropriate Applicable Ownership Interest in the Treasury PortfolioNotes, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.
Appears in 1 contract
Samples: Pledge Agreement (Kansas City Southern Industries Inc)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debt Securities Trust Preferred Securities, Subordinated Notes or security entitlements for any of them or the appropriate Applicable Ownership Interest in of the Treasury Portfolio, as the case may be, for Collateral financial assets held by in the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.
Appears in 1 contract
Samples: Pledge Agreement (PPL Corp)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debt Securities Notes or the appropriate Applicable Ownership Interest security entitlements to either of them for financial assets held in the Treasury Portfolio, as the case may be, for Collateral held by the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.
Appears in 1 contract
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debt Securities Shares or the appropriate Applicable Ownership Interest security entitlements to either of them for financial assets held in the Treasury Portfolio, as the case may be, for Collateral held by the Collateral AgentAccount, such substitution shall not constitute a novation of the security interest created hereby.
Appears in 1 contract
Samples: Pledge Agreement (Bank United Corp)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Debt Securities or the appropriate Applicable Ownership Interest in the Treasury PortfolioSenior Notes, as the case may be, for Collateral held by the Collateral Agent, such substitution shall not constitute a novation of the security interest created hereby.
Appears in 1 contract
