Common use of Tax Event Redemption Clause in Contracts

Tax Event Redemption. Upon the occurrence of a Tax Event Redemption prior to the Purchase Contract Settlement Date, the Redemption Amount, plus any accumulated and unpaid distributions, or any accrued and unpaid interest, as the case may be, payable on the Tax Event Redemption Date with respect to the Applicable Principal Amount shall be credited to the Collateral Account by the Property Trustee or, in case there has been a dissolution of the Trust and the distribution of the related [Subordinated] Notes, by the Indenture Trustee, on or prior to 12:30 p.m., New York City time on such Tax Event Redemption Date, by federal funds check or wire transfer of immediately available funds. The Collateral Agent is hereby authorized to present the Pledged Preferred Securities or the Pledged [Subordinated] Notes for payment as may be required by their respective terms. Upon receipt of such funds, the Pledged Preferred Securities or Pledged [Subordinated] Notes, as the case may be, shall be released from the Collateral Account. In the event such funds are credited to the Collateral Account, the Collateral Agent, at the written direction of the Company, shall instruct the Securities Intermediary to (a) apply an amount equal to the Redemption Amount of such funds to purchase the Treasury Portfolio from the Quotation Agent for credit to the Collateral Account and (b) promptly remit the remaining portion of such funds, if any, to the Purchase Contract Agent for payment to the Holders of Stock Purchase Units.

Tax Event Redemption. Upon the occurrence of a Tax Event Redemption prior to the Purchase Contract Settlement Date, the aggregate Redemption Amount, plus any accumulated and unpaid distributions, or any accrued and unpaid interest, as the case may be, Price payable on the Tax Event Redemption Date with respect to the Applicable Principal Amount Pledged Notes shall be credited delivered to the Collateral Account Agent by the Property Note Trustee or, in case there has been a dissolution of the Trust and the distribution of the related [Subordinated] Notes, by the Indenture Trustee, on or prior to 12:30 12:00 p.m., New York City time on such Tax Event Redemption Datetime, by federal funds check or wire transfer of in immediately available funds. The Collateral Agent is hereby authorized to present the Pledged Preferred Securities or the Pledged [Subordinated] Notes for payment funds at such place and at such account as may be required designated by their respective terms. Upon receipt of such funds, the Collateral Agent in exchange for the Pledged Preferred Securities or Pledged [Subordinated] Notes, as the case may be, shall be released from the Collateral Account. In the event such funds are credited to the Collateral AccountAgent receives such Redemption Price, the Collateral AgentAgent will, at the written direction of the Company, shall instruct the Securities Intermediary to (a) apply an amount amount, out of such Redemption Price, equal to the aggregate Redemption Amount of such funds with respect to the Pledged Notes to purchase the Treasury Portfolio from the Quotation Agent for credit to the Collateral Account Treasury Portfolio and (b) promptly remit the remaining portion of such funds, if any, Redemption Price to the Purchase Contract Agent for payment to the Holders of Corporate Units. The Collateral Agent shall Transfer the Treasury Portfolio to the Collateral Account to secure the obligation of all Holders of Corporate Units to purchase Common Stock of the Company under the Purchase Contracts constituting a part of such Corporate Units, in substitution for the Pledged Notes. Thereafter the Collateral Agent shall have such security interests, rights and obligations with respect to the Treasury Portfolio as it had in respect of the Pledged Notes as provided in Articles II, III, IV, V and VI, and any reference herein to the Notes shall be deemed to be reference to such Treasury Portfolio, and any reference herein to interest on the Notes shall be deemed to be a reference to distributions on such Treasury Portfolio.

Tax Event Redemption. Upon the occurrence of a Tax Event Redemption prior to the Purchase Contract Settlement Date, the Redemption Amount, plus any accumulated and unpaid distributions, or any accrued and unpaid interest, as the case may be, payable on the Tax Event Redemption Date with respect to the Applicable Principal Amount shall be credited to the Collateral Account by the Property Trustee or, in case there has been a dissolution of the Trust and the distribution of the related [Subordinated] Subordinated Deferrable Notes, by the Indenture Trustee, on or prior to 12:30 p.m., New York City time on such Tax Event Redemption Date, by federal funds check or wire transfer of immediately available funds. The Collateral Agent is hereby authorized to present the Pledged Preferred Securities or the Pledged [Subordinated] Subordinated Deferrable Notes for payment as may be required by their respective terms. Upon receipt of such funds, the Pledged Preferred Securities or Pledged [Subordinated] Subordinated Deferrable Notes, as the case may be, shall be released from the Collateral Account. In the event such funds are credited to the Collateral Account, the Collateral Agent, at the written direction of the Company, shall instruct the Securities Intermediary to (a) apply an amount equal to the Redemption Amount of such funds to purchase the Treasury Portfolio from the Quotation Agent for credit to the Collateral Account and (b) promptly remit the remaining portion of such funds, if any, to the Purchase Contract Agent for payment to the Holders of Stock Purchase MEDS Units.

Tax Event Redemption. Upon the occurrence of a Tax Event Redemption prior to the Purchase Contract Settlement Date, the aggregate Redemption Amount, plus any accumulated and unpaid distributions, or any accrued and unpaid interest, as the case may be, Price payable on the Tax Event Redemption Date with respect to the Applicable Principal Amount Pledged Senior Notes shall be credited delivered to the Collateral Account by the Property Trustee or, in case there has been a dissolution of the Trust and the distribution of the related [Subordinated] Notes, Agent by the Indenture Trustee, Trustee on or prior to 12:30 p.m., 12:00 p.m. (New York City time on such Tax Event Redemption Date, time) by federal funds check or wire transfer of in immediately available funds. The Collateral Agent is hereby authorized to present the Pledged Preferred Securities or the Pledged [Subordinated] Notes for payment funds at such place and at such account as may be required designated by their respective terms. Upon receipt of such funds, the Collateral Agent in exchange for the Pledged Preferred Securities or Pledged [Subordinated] Senior Notes, as the case may be, shall be released from the Collateral Account. In the event such funds are credited to the Collateral AccountAgent receives such Redemption Price, the Collateral AgentAgent will, at the written direction of the Company, shall instruct the Securities Intermediary to (a) apply an amount amount, out of such Redemption Price, equal to the aggregate Redemption Amount of such funds with respect to the Pledged Senior Notes to purchase the Treasury Portfolio from the Quotation Agent for credit to Agent, the Collateral Account Redemption Treasury Portfolio and (b) promptly remit the remaining portion of such funds, if any, Redemption Price to the Purchase Contract Agent for payment to the Holders of Corporate Units. The Collateral Agent shall Transfer the Redemption Treasury Portfolio Interest to the Collateral Account to secure the obligation of all Holders of Corporate Units to purchase Common Stock of the Company under the Purchase Contracts constituting a part of such Corporate Units, in substitution for the Pledged Senior Notes. Thereafter the Collateral Agent shall have such security interests, rights and obligations with respect to the Redemption Treasury Portfolio Interests as it had in respect of the Pledged Senior Notes as provided in this Agreement, and any reference herein to the Senior Notes shall be deemed to be reference to such Redemption Treasury Portfolio Interests, and any reference herein to interest on the Senior Notes shall be deemed to be a reference to distributions on such Treasury Portfolio Interest.

Tax Event Redemption. Upon the occurrence of a Tax Event Redemption prior to the Purchase Contract Settlement Date, the Redemption Amount, plus any accumulated and unpaid distributions, or any accrued and unpaid interest, as the case may be, Price payable on the Tax Event Redemption Date with respect to the Applicable Principal Amount shall be credited to the Collateral Account by the Property Trustee or, in case there has been upon a dissolution of the Trust and the distribution of the related [Subordinated] NotesDebentures, by the Indenture Trustee, Debenture Trustee on or prior to 12:30 p.m., New York City time on such Tax Event Redemption Datetime, by federal funds check or wire transfer of immediately available funds. The Collateral Agent is hereby authorized to present the Pledged Preferred Securities or the Pledged [Subordinated] Notes Debentures for payment as may be required by their respective terms. Upon receipt of such funds, the Pledged Preferred Securities or Pledged [Subordinated] NotesDebentures, as the case may be, shall be released from the Collateral Account. In the event such funds are credited to the Collateral Account, the Collateral Agent, at the written direction of the Company, shall instruct the Securities Intermediary to (a) apply an amount equal to the Redemption Amount of such funds Redemption Price to purchase the Treasury Portfolio from the Quotation Agent for credit to the Collateral Account and (b) promptly remit the remaining portion of such funds, if any, Redemption Price to the Purchase Contract Agent for payment to the Holders of Stock Purchase UnitsCorporate PIES.

Tax Event Redemption. Upon the occurrence of a Tax Event Redemption prior Date while Preferred Securities or Notes are still credited to the Purchase Contract Settlement DateCollateral Account, the Redemption Amount, plus any accumulated and unpaid distributions, or any accrued and unpaid interest, as the case may be, payable on the Tax Event Redemption Date with respect to the Applicable Principal Amount shall be credited to the Collateral Account by the Property Trustee or, in case there has been a dissolution of the Trust and the distribution of the related [Subordinated] Notes, by the Indenture Trustee, on or prior to 12:30 p.m., New York City time on such Tax Event Redemption Date, by federal funds check or wire transfer of immediately available funds. The Collateral Agent is hereby authorized to present the Pledged Preferred Securities or the Pledged [Subordinated] Notes for payment as may be required by their respective terms. Upon receipt of such funds, the Pledged Preferred Securities or Pledged [Subordinated] Notes, as the case may be, shall be released from the Collateral Account. In the event such funds are credited to the Collateral Account, the Collateral Agent, at the written direction of the Company, shall instruct the Securities Intermediary to (a) apply an amount equal to the Redemption Amount of such funds to purchase the Treasury Portfolio from the Quotation Agent for credit to the Collateral Account and (b) promptly remit the remaining portion of such funds, if any, to the Purchase Contract Agent for payment to the Holders of Stock Purchase Corporate Units.

Tax Event Redemption. Upon the occurrence of a Tax Event Redemption prior to the Purchase Contract Settlement Date, the Redemption Amount, plus any accumulated and unpaid distributions, or any accrued and unpaid interest, as the case may be, Price payable on the Tax Event Redemption Date with respect to the Applicable Principal Amount shall be credited to the Collateral Account by the Property Trustee or, in case there has been upon a dissolution of the Trust and the distribution of the related [Subordinated] NotesDebentures, by the Indenture Trustee, Trustee on or prior to 12:30 p.m., New York City time on such Tax Event Redemption Datetime, by federal funds check or wire transfer of immediately available funds. The Collateral Agent is hereby authorized to present the Pledged Preferred Securities or the Pledged [Subordinated] Notes Debentures for payment as may be required by their respective terms. Upon receipt of such funds, the Pledged Preferred Securities or Pledged [Subordinated] NotesDebentures, as the case may be, shall be released from the Collateral Account. In the event such funds are credited to the Collateral Account, the Collateral Agent, at the written direction of the Company, shall instruct the Securities Intermediary to (a) apply an amount equal to the Redemption Amount of such funds Redemption Price to purchase the Treasury Portfolio from the Quotation Agent for credit to the Collateral Account and (b) promptly remit the remaining portion of such fundsRedemption Price, if any, to the Purchase Contract Agent for payment to the Holders of Stock Purchase PEPS Units.

Tax Event Redemption. Upon the occurrence of a Tax Event Redemption prior to a successful remarketing of the Purchase Contract Settlement DatePledged Notes, the aggregate Redemption Amount, plus any accumulated and unpaid distributions, or any accrued and unpaid interest, as the case may be, Price payable on the Tax Event Redemption Date with respect to the Applicable Principal Amount such Pledged Notes shall be credited delivered to the Collateral Account Agent by the Property Trustee or, in case there has been a dissolution of the Trust and the distribution of the related [Subordinated] Notes, by the Indenture Trustee, on or prior to 12:30 12:00 p.m., New York City time on such Tax Event Redemption Datetime, by federal funds check or wire transfer of in immediately available funds. The Collateral Agent is hereby authorized to present the Pledged Preferred Securities or the Pledged [Subordinated] Notes for payment funds at such place and at such account as may be required designated by their respective terms. Upon receipt of such funds, the Collateral Agent in exchange for the Pledged Preferred Securities or Pledged [Subordinated] Notes, as the case may be, shall be released from the Collateral Account. In the event such funds are credited to the Collateral AccountAgent receives such Redemption Price, the Collateral AgentAgent will, at the written direction of the Company, shall instruct the Securities Intermediary to (a) apply an amount amount, out of such Redemption Price, equal to the aggregate Redemption Amount of such funds with respect to the Pledged Notes to purchase the Treasury Portfolio from the Quotation Agent for credit to the Collateral Account Treasury Portfolio and (b) promptly remit the remaining portion of such funds, if any, Redemption Price to the Purchase Contract Agent for payment to the Holders of Upper DECS. The Collateral Agent shall Transfer the Treasury Portfolio to the Collateral Account to secure the obligation of all Holders of Upper DECS to purchase Common Stock of the Company under the Purchase UnitsContracts constituting a part of such Upper DECS, in substitution for the Pledged Notes. Thereafter the Collateral Agent shall have such security interests, rights and obligations with respect to the Treasury Portfolio as it had in respect of the Pledged Notes as provided in Articles II, III, IV, V and VI, and any reference herein to the Notes shall be deemed to be reference to such Treasury Portfolio, and any reference herein to interest on the Notes shall be deemed to be a reference to distributions on such Treasury Portfolio.

Tax Event Redemption. Upon (a) If the Company elects to redeem the Senior Notes following the occurrence of a Tax Event Redemption prior as permitted by the Indenture, it shall notify the Collateral Agent in writing that a Tax Event has occurred and that it intends to redeem the Purchase Contract Settlement Date, the Redemption Amount, plus any accumulated and unpaid distributions, or any accrued and unpaid interest, as the case may be, payable Senior Notes on the Tax Event Redemption Date with respect to Date. Upon the Applicable Principal Amount shall be occurrence of such Tax Event Redemption while Senior Notes are still credited to the Collateral Account Account, the Collateral Agent shall, and is hereby authorized to, instruct the Securities Intermediary to present the Pledged Senior Notes for payment as may be required by the Property Trustee or, in case there has been a dissolution of the Trust their respective terms and the distribution of the related [Subordinated] Notes, by to direct the Indenture TrusteeTrustee to remit the Redemption Price to the Securities Intermediary for credit to the Collateral Account, on or prior to 12:30 p.m., 11:00 a.m. New York City time on such Tax Event Redemption Date, by federal funds check or wire transfer of immediately available funds. The Collateral Agent is hereby authorized to present the Pledged Preferred Securities or the Pledged [Subordinated] Notes for payment as may be required by their respective terms. Upon receipt of such fundsfunds by the Securities Intermediary and the credit thereof to the Collateral Account, the Pledged Preferred Securities or Pledged [Subordinated] Notes, as the case may be, Senior Notes shall be released from the Collateral AccountAccount and promptly transferred to the Company. In Upon the event crediting of such funds are credited to the Collateral Account, the Collateral Agent, at the written direction of the Company, shall instruct the Securities Intermediary to (ai) apply an amount equal to the Redemption Amount of such funds to purchase the Treasury Portfolio from the Quotation Agent for Agent, (ii) credit to the Collateral Account the Applicable Ownership Interests and (biii) promptly remit the remaining portion of such funds, if any, funds to the Purchase Contract Agent for payment to the Holders of Stock Purchase Corporate Units, in accordance with their respective interests.

Tax Event Redemption. Upon If the occurrence of Securities Intermediary receives written notice that a Tax Event Redemption has occurred prior to the Purchase Contract Settlement Date, the Securities Intermediary shall apply the Redemption Amount, plus any accumulated Amount to purchase the Treasury Portfolio and unpaid distributions, or any accrued and unpaid interest, as the case may be, payable on the Tax Event Redemption Date with respect to Securities Intermediary shall credit the Applicable Principal Amount shall be credited Ownership Interest (as specified in clause (A) of the definition of such term) of the Treasury Portfolio to the Collateral Account by and shall transfer the Property Trustee or, Applicable Ownership Interest (as specified in case there has been a dissolution clause (B) of the Trust and the distribution definition of such term) of the related [Subordinated] Treasury Portfolio to the Purchase Contract Agent for distribution to the Holders of the MEDS Units. Upon credit to the Collateral Account of the Applicable Ownership Interest (as specified in clause (A) of the definition of such term) of the Treasury Portfolio having a Value equal to the liquidation amount of the Pledged Preferred Securities or the aggregate principal amount of the Pledged Subordinated Deferrable Notes, by the Indenture Trustee, on or prior to 12:30 p.m., New York City time on such Tax Event Redemption Date, by federal funds check or wire transfer of immediately available funds. The Collateral Agent is hereby authorized to present Securities Intermediary shall release the Pledged Preferred Securities or the Pledged [Subordinated] Notes for payment Subordinated Deferrable Notes, as may be required by their respective terms. Upon receipt of such fundsapplicable, from the Collateral Account and shall promptly transfer the Pledged Preferred Securities or Pledged [Subordinated] Notes, as the case may be, shall be released from the Collateral Account. In the event such funds are credited to the Collateral Account, Trust and the Collateral Agent, at the written direction of Pledged Subordinated Deferrable Notes to the Company, shall instruct the Securities Intermediary to (a) apply an amount equal to the Redemption Amount of such funds to purchase the Treasury Portfolio from the Quotation Agent for credit to the Collateral Account and (b) promptly remit the remaining portion of such funds, if any, to the Purchase Contract Agent for payment to the Holders of Stock Purchase Unitsas applicable.

Tax Event Redemption. Upon If the occurrence of Collateral Agent receives written notice that a Tax Event Redemption prior to Date has occurred while the Purchase Contract Settlement Date, the Redemption Amount, plus any accumulated and unpaid distributions, or any accrued and unpaid interest, as the case may be, payable on the Tax Event Redemption Date with respect to the Applicable Principal Amount shall be credited to the Collateral Account by the Property Trustee or, in case there has been a dissolution of the Trust and the distribution of the related [Subordinated] Notes, by the Indenture Trustee, on or prior to 12:30 p.m., New York City time on such Tax Event Redemption Date, by federal funds check or wire transfer of immediately available funds. The Collateral Agent is hereby authorized to present the Pledged Preferred Securities or the Pledged [Subordinated] Notes for payment as may be required by their respective terms. Upon receipt of such funds, the Pledged Preferred Securities or Pledged [Subordinated] Notes, as the case may be, shall be released from the Collateral Account. In the event such funds are still credited to the Collateral Account, the Collateral Agent, at the written direction of the Company, Agent shall instruct the Securities Intermediary to (a) apply an amount equal to the Redemption Amount of such funds to purchase the Treasury Portfolio from the Quotation Agent for and the Collateral Agent shall credit the Applicable Ownership Interests (as specified in clause (A) of the definition of such term) of the Treasury Portfolio to the Collateral Account and shall transfer the Applicable Ownership Interests (bas specified in clause (B) promptly remit of the remaining portion definition of such funds, if any, term) of the Treasury Portfolio to the Purchase Contract Agent for payment to the benefit of the Holders of Stock Purchase the Corporate Units. Upon credit to the Collateral Account of the Applicable Ownership Interests (as specified in clause (A) of the definition of such term) of the Treasury Portfolio having a Value equal to the liquidation amount of the Pledged Preferred Securities or the aggregate principal amount of the Pledged Notes, the Collateral Agent shall cause the Securities Intermediary to release the Pledged Preferred Securities or the Pledged Notes, as applicable, from the Collateral Account and to promptly transfer the Pledged Preferred Securities or Pledged Notes, as the case may be, to the Company.

Tax Event Redemption. Upon the occurrence of a Tax Event Redemption of the Pledged Notes prior to the Purchase Contract Settlement DateAugust 17, the Redemption Amount, plus any accumulated and unpaid distributions2004, or any accrued and unpaid interestearlier Successful Remarketing, as the case may be, aggregate Redemption Price payable on the Tax Event Redemption Date with respect to the Applicable Principal Amount Pledged Notes shall be credited delivered to the Collateral Account Agent by the Property Note Trustee or, in case there has been a dissolution of the Trust and the distribution of the related [Subordinated] Notes, by the Indenture Trustee, on or prior to 12:30 12:00 p.m., New York City time on such Tax Event Redemption Datetime, by federal funds check or wire transfer of in immediately available funds. The Collateral Agent is hereby authorized to present the Pledged Preferred Securities or the Pledged [Subordinated] Notes for payment funds at such place and at such account as may be required designated by their respective terms. Upon receipt of such funds, the Collateral Agent in exchange for the Pledged Preferred Securities or Pledged [Subordinated] Notes, as the case may be, shall be released from the Collateral Account. In the event such funds are credited to the Collateral AccountAgent receives such Redemption Price, the Collateral AgentAgent will, at the written direction of the Company, shall instruct the Securities Intermediary to (a) apply an amount amount, out of such Redemption Price, equal to the aggregate Redemption Amount of such funds with respect to the Pledged Notes to purchase the Treasury Portfolio from the Quotation Agent for credit to the Collateral Account Treasury Portfolio and (b) promptly remit the remaining portion of such funds, if any, Redemption Price to the Purchase Contract Agent for payment to the Holders of Corporate Units. The Collateral Agent shall Transfer the Treasury Portfolio to the Collateral Account to secure the obligation of all Holders of Corporate Units to purchase PCS Common Stock of the Company under the Purchase Contracts constituting a part of such Corporate Units, in substitution for the Pledged Notes. Thereafter the Collateral Agent shall have such security interests, rights and obligations with respect to the Treasury Portfolio as it had in respect of the Pledged Notes as provided in Articles 2, 3, 4, 5 and 6, and any reference herein to the Notes shall be deemed to be reference to such Treasury Portfolio, and any reference herein to interest on the Notes shall be deemed to be a reference to distributions on such Treasury Portfolio.

Tax Event Redemption. Upon the occurrence of a Tax Event Redemption prior to the Second Purchase Contract Settlement Date, the Collateral Agent will, upon the written instruction of the Purchase Contract Agent, deliver the Applicable Principal Amount of Pledged Debt Securities to the Trustee in exchange for the Redemption Amount, plus any accumulated and unpaid distributions, or any accrued and unpaid interest, as the case may be, Price therefor payable on the Tax Event Redemption Date with respect to the Applicable Principal Amount shall be credited to the Collateral Account by the Property Trustee or, in case there has been a dissolution of the Trust and the distribution of the related [Subordinated] Notes, by the Indenture Trustee, on or prior to 12:30 p.m., New York City time on time, such Tax Event Redemption Date, Price to be paid by federal funds check or wire transfer of in immediately available funds. The Collateral Agent is hereby authorized to present the Pledged Preferred Securities or the Pledged [Subordinated] Notes for payment funds at such place and at such account as may be required designated by their respective terms. Upon receipt of such funds, the Pledged Preferred Securities or Pledged [Subordinated] Notes, as the case may be, shall be released from the Collateral AccountAgent. In the event such funds are credited to the Collateral AccountAgent receives such Redemption Price, the Collateral AgentAgent will, at the written direction of the Company, shall instruct the Securities Intermediary to (a) apply an amount equal to the Redemption Amount of such funds Redemption Price to purchase from the Quotation Agent, the Treasury Portfolio from the Quotation Agent for credit to the Collateral Account and (b) promptly remit the remaining portion of such funds, if any, Redemption Price to the Purchase Contract Agent for payment to the Holders of Income PRIDES. The Collateral Agent shall Transfer the Treasury Portfolio to the Collateral Account in the manner specified herein for Pledged Debt Securities to secure the obligation of all Holders of Income PRIDES to purchase Common Stock of the Company under the Purchase UnitsContracts constituting a part of such Income PRIDES, in substitution for the Pledged Debt Securities. Thereafter the Collateral Agent shall have such security interests, rights and obligations with respect to the Treasury Portfolio as it had in respect of the Pledged Debt Securities, as provided in Sections 2, 3, 4, 5 and 6, and any reference herein to the Pledged Debt Securities shall be deemed to be a reference to such Treasury Portfolio.

Tax Event Redemption. Upon the occurrence of a Tax Event Redemption prior to the Purchase Contract Settlement Date, the Redemption Amount, plus any accumulated and unpaid distributions, or any accrued and unpaid interest, as the case may be, Price payable on the Tax Event Redemption Date with respect to the Applicable Principal Amount shall be credited to the Collateral Account by the Property Trustee or, in case there has been a dissolution of if the Trust shall have been dissolved and the distribution of the related [Subordinated] NotesDebentures shall have been distributed, by the Indenture Trustee, Debenture Trustee on or prior to 12:30 p.m., New York City time on such Tax Event Redemption Datetime, by federal funds check or wire transfer of immediately available funds. The Collateral Agent is hereby authorized to present the Pledged Preferred Securities or the Pledged [Subordinated] Notes Debentures for payment as may be required by their respective terms. Upon receipt of such funds, the Pledged Preferred Securities or Pledged [Subordinated] NotesDebentures, as the case may be, shall be released from the Collateral Account. In the event such funds are credited to the Collateral Account, the Collateral Agent, at the written direction of the Company, shall instruct the Securities Intermediary to (a) apply an amount equal to the Redemption Amount of such funds Redemption Price to purchase the Treasury Portfolio from the Quotation Agent for credit to the Collateral Account and (b) promptly remit the remaining portion of such funds, if any, Redemption Price to the Purchase Contract Agent for payment to the Holders of Stock Purchase UnitsCorporate PIES, free and clear of any lien, pledge or security interest created thereby.

Tax Event Redemption. Upon the occurrence of a Tax Event Redemption prior to (i) a successful remarketing of the Preferred Securities pursuant to the Remarketing Agreement or (ii) the Stock Purchase Date, the Collateral Agent will, upon the written instruction of the Company and the Purchase Contract Settlement DateAgent, deliver the Pledged Preferred Securities to the Property Trustee on behalf of the Purchase Contract Agent for payment of the Redemption Amount, plus any accumulated and unpaid distributions. The Collateral Agent shall, or any accrued and unpaid interestin the event the Pledged Preferred Securities are registered in the name of the Purchase Contract Agent, as the case may bePurchase Contract Agent shall, direct the Property Trustee to pay the Redemption Amount therefor payable on the Tax Event Redemption Date with respect to the Applicable Principal Amount shall be credited to the Collateral Account by the Property Trustee or, in case there has been a dissolution of the Trust and the distribution of the related [Subordinated] Notes, by the Indenture Trustee, on or prior to 12:30 p.m., New York City time on time, such Tax Event Redemption Date, Amount to be paid by federal funds check or wire transfer of in immediately available funds. The Collateral Agent is hereby authorized to present the Pledged Preferred Securities or the Pledged [Subordinated] Notes for payment funds at such place and at such account as may be required designated by their respective terms. Upon receipt of such funds, the Pledged Preferred Securities or Pledged [Subordinated] Notes, as the case may be, shall be released from the Collateral AccountAgent. In the event such funds are credited to the Collateral AccountAgent receives such Redemption Amount, the Collateral AgentAgent will, at the written direction of the Company, shall instruct the Securities Intermediary to (a) apply an amount equal to the Redemption Amount to purchase, from or at the direction of such funds to purchase the Quotation Agent, the Redemption Treasury Portfolio from the Quotation Agent for credit to the Collateral Account and (b) promptly remit the remaining portion of such funds, if any, Redemption Amount to the Purchase Contract Agent for payment to the Holders of Normal Units. The Collateral Agent shall Transfer the Redemption Treasury Portfolio to the Collateral Account in the manner specified herein for Pledged Preferred Securities to secure the obligation of all Holders of Normal Units to purchase Common Stock of the Company under the Purchase Contracts constituting a part of such Normal Units, in substitution for the Pledged Preferred Securities. Thereafter, the Collateral Agent shall have such security interests, rights and obligations with respect to the Treasury Consideration as it had in respect of the Pledged Preferred Securities, as provided in Articles II, III, IV, V and VI and any reference herein to the Pledged Preferred Securities shall be deemed to be a reference to such Treasury Consideration.

Tax Event Redemption. Upon the occurrence of a Tax Event Redemption prior to the Purchase Contract Settlement Date, the Redemption Amount, plus any accumulated and unpaid distributions, or any accrued and unpaid interest, as the case may be, Price payable on the Tax Event Redemption Date with respect to the Applicable Principal Amount shall be credited to the Collateral Account by the Property Trustee or, in case there has been a dissolution of the Trust and the distribution of the related [Subordinated] Subordinated Deferrable Notes, by the Indenture Trustee, on or prior to 12:30 p.m., New York City time on such Tax Event Redemption Datedate, by federal funds check or wire transfer of immediately available funds. The Collateral Agent is hereby authorized to present the Pledged Preferred Securities or the Pledged [Subordinated] Subordinated Deferrable Notes for payment as may be required by their respective terms. Upon receipt of such funds, the Pledged Preferred Securities or Pledged [Subordinated] Subordinated Deferrable Notes, as the case may be, shall be released from the Collateral Account. In the event such funds are credited to the Collateral Account, the Collateral Agent, at the written direction of the Company, shall instruct the Securities Intermediary to (a) apply an amount equal to the Redemption Amount of such funds Redemption Price to purchase the Treasury Portfolio from the Quotation Agent for credit to the Collateral Account and (b) promptly remit the remaining portion of such fundsRedemption Price, if any, to the Purchase Contract Agent for payment to the Holders of Stock Purchase PEPS Units.