Remarketing Treasury Portfolio has the meaning specified in the Officer’s Certificate.
Remarketing Treasury Portfolio means
Remarketing Treasury Portfolio means (i) interest or principal strips of U.S. Treasury securities that mature on or prior to June 1, 2012 in an aggregate amount equal to the principal amount of the Notes underlying the Corporate Units; (ii) if the Reset Effective Date occurs prior to March 1, 2012, with respect to the scheduled quarterly Interest Payment Date on the Notes that would have occurred on March 1, 2012, interest or principal strips of U.S. Treasury securities that mature on or prior to March 1, 2012 in an aggregate amount equal to the aggregate interest payment that would be due on March 1, 2012 on the principal amount of the Notes that would have been components of the Corporate Units assuming that (A) there was no Remarketing, (B) the interest rate on the Notes had not been reset to the Reset Rate and (C) interest on the Notes accrued from the Reset Effective Date to, but excluding, March 1, 2012 and (iii) with respect to the scheduled quarterly Interest Payment Date on the Notes that would have occurred on June 1, 2012, interest or principal strips of U.S. Treasury securities that mature on or prior to June 1, 2012 in an aggregate amount equal to the aggregate interest payment that would be due on June 1, 2012 on the principal amount of the Notes that would have been components of the Corporate Units assuming that (A) there was no Remarketing, (B) the interest rate on the Notes had not been reset to the Reset Rate and (C) interest on the Notes accrued from the later of the Reset Effective Date and March 1, 2012 to, but excluding, June 1, 2012.
Examples of Remarketing Treasury Portfolio in a sentence
The Remarketing Agents may deduct the Remarketing Fee from any amount of Proceeds from such Remarketing in excess of sum of the Remarketing Treasury Portfolio Purchase Price plus the Separate Debentures Purchase Price.
In such case, references to “U.S. Treasury securities (or principal or interest strips thereof)” in connection with the Remarketing Treasury Portfolio will, thereafter, be deemed to be references to such amount of cash.
The Remarketing Agent may deduct the Remarketing Fee from any amount of Proceeds from such Remarketing in excess of sum of the Remarketing Treasury Portfolio Purchase Price, plus the Separate Debentures Purchase Price.
The Collateral Agent shall Transfer the Remarketing Treasury Portfolio to the Collateral Account to secure the obligation of all Holders of Income PRIDES to purchase Common Stock of the Company under the Purchase Contracts constituting a part of such Income PRIDES, in substitution for the Pledged Debt Securities.
The Remarketing Treasury Portfolio will be substituted for the outstanding Pledged Debt Securities, and will be held by the Collateral Agent in accordance with the terms of the Pledge Agreement to secure the obligation of each Holder of an Income PRIDES to purchase the Common Stock of the Company on the Purchase Contract Settlement Date under the Purchase Contract constituting a part of such Income PRIDES.
More Definitions of Remarketing Treasury Portfolio
Remarketing Treasury Portfolio means (i) interest or principal strips of U.S. Treasury Securities that mature on or prior to February 15, 2007 in an aggregate amount equal to the principal amount of the Debt Securities included in Income PRIDES, (ii) if the Reset Date occurs prior to November 16, 2006, with respect to the originally scheduled quarterly Interest Payment Date on the Debt Securities that would have occurred on November 16, 2006, interest or principal strips of U.S. Treasury Securities that mature on or prior to November 15, 2006 in an aggregate amount equal to the aggregate interest payment that would be due on November 16, 2006 on the principal amount of the Debt Securities that would have been included in Income PRIDES assuming that (A) the interest rate on the Debt Securities had not been reset to the Reset Rate and (B) interest on the Debt Securities accrued from the Reset Date to but excluding November 16, 2006, and (iii) if the Reset Date occurs prior to February 16, 2007, with respect to the originally scheduled quarterly Interest Payment Date on the Debt Securities that would have occurred on February 16, 2007, interest or principal strips of U.S. Treasury Securities that mature on or prior to February 15, 2007 in an aggregate amount equal to the aggregate interest payment that would be due on February 16, 2007 on the principal amount of the Debt Securities that would have been included in the Income PRIDES assuming that (A) the interest rate on the Debt Securities had not been reset to the Reset Rate and (B) that interest on the Debt Securities accrued from the later of the Reset Date and November 16, 2006 to but excluding February 16, 2007.
Remarketing Treasury Portfolio shall have the meaning specified in the Purchase Contract and Pledge Agreement.
Remarketing Treasury Portfolio means:
Remarketing Treasury Portfolio means (a) interest or principal strips of U.S. Treasury Securities that mature on or prior to [_____], 200[_] in an aggregate amount equal to the principal amount of the Debt Securities included in Share Purchase Units; (b) with respect to the originally scheduled quarterly interest payment date on the Debt Securities that would have occurred on [_____], 200[_], interest or principal strips of U.S. Treasury Securities that mature on or prior to [_____], 200[_] in an aggregate amount equal to the aggregate interest payment that would be due on [_____], 200[_] on the principal amount of the Debt Securities that would have been included in Share Purchase Units assuming no remarketing and assuming that the interest rate on the Debt Securities was not reset; and (c) if the Initial Reset Date occurs prior to [_____], 200[_], with respect to the originally scheduled quarterly interest payment date on the Debt Securities that would have occurred on [_____], 200[_], interest or principal strips of U.S. Treasury Securities that mature on or prior to [_____], 200[_] in an aggregate amount equal to the aggregate interest payment that would be due on [_____], 200[_] on the principal amount of the Debt Securities that would have been included in the Share Purchase Units assuming no remarketing and assuming no reset of the interest rate on the Debt Securities and assuming that interest on the Debt Securities accrued from the Initial Reset Date to, but excluding, [_____], 200[_].
Remarketing Treasury Portfolio means the Treasury Portfolio to be purchased in connection with a Remarketing, which will consist of:
Remarketing Treasury Portfolio means Cash in an amount equal to (i) the principal amount of the Notes underlying Applicable Ownership Interests in Notes included in the Corporate Units on the Optional Remarketing Date and (ii) the aggregate Interest Payment (assuming no reset of the interest rate on the Notes) that would have been paid to the Holders of the Corporate Units on the Purchase Contract Settlement Date on the principal amount of the Notes underlying the Applicable Ownership Interests in Notes included in the Corporate Units on the Optional Remarketing Date.
Remarketing Treasury Portfolio means (a) interest or principal strips of U.S. Treasury Securities that mature on or prior to May 15, 2006 in an aggregate amount equal to the principal amount of the Series M Notes included in Corporate Units; (b) with respect to the originally scheduled quarterly Interest Payment Date on the Series M Notes that would have occurred on May 16, 2006, interest or principal strips of U.S. Treasury Securities that mature on or prior to May 16, 2006 in an aggregate amount equal to the aggregate interest payment that would be due on May 16, 2006 on the principal amount of the Series M Notes that would have been included in Corporate Units assuming no remarketing and assuming that the interest rate on the Series M Notes was not reset; and (c) if the Initial Reset Date occurs prior to February 16, 2006, with respect to the originally scheduled quarterly Interest Payment Date on the Series M Notes that would have occurred on February 16, 2006, interest or principal strips of U.S. Treasury Securities that mature on or prior to February 16, 2006 in an aggregate amount equal to the aggregate interest payment that would be due on February 16, 2006 on the principal amount of the Series M Notes that would have been included in the Corporate Units assuming no remarketing and assuming no reset of the interest rate on the Series M Notes and assuming that interest on the Series M Notes accrued from the Initial Reset Date to, but excluding, February 16, 2006.