Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Notes, Treasury Consideration 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
Sources: Pledge Agreement (Ameren Capital Trust Ii), Pledge Agreement (Temple Inland Inc), Pledge Agreement (Ameren Corp)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Notes, Treasury Consideration 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
Sources: Pledge Agreement (Great Plains Energy Inc), Pledge Agreement (Great Plains Energy Inc), Pledge Agreement (Txu Corp /Tx/)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Notes, Treasury Consideration 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
Sources: 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, Notes, Treasury Consideration 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
Sources: Pledge Agreement (FPL Group Trust II), Pledge Agreement (FPL Group Capital Inc), Pledge Agreement (FPL Group Capital Inc)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, NotesTrust Preferred Securities, Treasury Consideration 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
Sources: Pledge Agreement (Valero Energy Corp/Tx), Pledge Agreement (Valero Energy Corp/Tx), Pledge Agreement (Vec Trust Ii)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Notes, Treasury Consideration 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
Sources: 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, Notes, Capital Securities or Treasury Consideration or the appropriate Applicable Ownership Interest in the Treasury PortfolioConsideration, 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 3 contracts
Sources: Pledge Agreement (Metlife Capital Trust I), Pledge Agreement (Metlife Inc), Pledge Agreement (Metlife Capital Trust I)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Notes, Treasury Consideration Trust Preferred 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
Sources: Pledge Agreement (Semco Energy Inc), Pledge Agreement (PCHC Finance I)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Notes, Debentures or Treasury Consideration or the appropriate Applicable Ownership Interest in the Treasury PortfolioConsideration, 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
Sources: Pledge Agreement (Anthem Inc), Pledge Agreement (Solectron Corp)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, NotesPreferred Securities, Treasury Consideration Notes or security entitlements for any of them or the appropriate Applicable Ownership Interest in Interests 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
Sources: Pledge Agreement (Public Service Enterprise Group Inc), Pledge Agreement (Cinergy Corp)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Notes, Treasury Consideration 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
Sources: Pledge Agreement (Arvin Industries Inc), Pledge Agreement (Texas Utilities Co /Tx/)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Notes, Treasury Consideration Securities or the appropriate Applicable Ownership Interest in the Treasury PortfolioSenior Notes (or Portfolio Interests), 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
Sources: Pledge Agreement (Affiliated Managers Group Inc), Pledge Agreement (Affiliated Managers Group Inc)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Notes, Trust Preferred Securities or Treasury Consideration or the appropriate Applicable Ownership Interest in the Treasury PortfolioConsideration, 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
Sources: Pledge Agreement (Raytheon Co/), Pledge Agreement (Teco Energy Inc)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Notes, Treasury Consideration Securities or the appropriate Applicable Ownership Interest in the Treasury PortfolioPreferred Shares, 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
Sources: Pledge Agreement (Ace LTD), Pledge Agreement (Ace LTD)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, NotesPreferred Securities, Treasury Consideration [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
Sources: Pledge Agreement (Cinergy Corp), Pledge Agreement (Cc Funding Trust Ii)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Notes, Treasury Consideration 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
Sources: Pledge Agreement (Citizens Communications Co), Pledge Agreement (Citizens Communications Co)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Notes, Treasury Consideration 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, Notes, Treasury Consideration Debentures 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 1 contract
Sources: Pledge Agreement (Coastal Corp)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, NotesTrust Preferred Securities, Treasury Consideration 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
Sources: Pledge Agreement (CMS Energy Corp)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, NotesTrust Preferred Securities, Treasury Consideration 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
Sources: Pledge Agreement (PPL Corp)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Notes, Treasury Consideration 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
Sources: Pledge Agreement (Bank United Corp)
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Securities or Senior Notes, Treasury Consideration 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 1 contract
Substitutions. Whenever a Holder has the right to substitute Treasury Securities, Securities or Notes, Treasury Consideration 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 1 contract
Sources: Pledge Agreement (Kansas City Southern Industries Inc)