Common use of Income and Distributions Clause in Contracts

Income and Distributions. The Collateral Agent shall transfer all income and distributions received by the Collateral Agent on account of the Pledged Notes, the Pledged Applicable Ownership Interests or Permitted Investments from time to time held in the Collateral Account (ABA No. ____, A/C No. ____, Re: ________, Attention: ________) to the Purchase Contract Agent for distribution to the applicable Holders as provided in the Purchase Contracts or Purchase Contract Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Scottish Annuity & Life Holdings LTD)

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Income and Distributions. The Collateral Agent shall transfer all income and distributions received by the Collateral Agent on account of the Pledged Subordinated Notes, the Pledged Applicable Ownership Interests or Permitted Investments from time to time held in the Collateral Account (ABA No. ____, A/C No. ____, Re: _________, AttentionRe: ________ONEOK, Inc.) to the Purchase Contract Agent for distribution to the applicable Holders as provided in the Purchase Contracts or Purchase Contract Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Oneok Inc /New/)

Income and Distributions. The Collateral Agent shall transfer all income and distributions received by the Collateral Agent on account of the Pledged Notes, the Pledged Applicable Ownership Interests Notes or Permitted Investments from time to time held in the Collateral Account (ABA No. ____, A/C No. ____, Re: [_________], Attention: A/C No. [________], Re: [________], Attention: [___________]) to the Purchase Contract Agent for distribution to the applicable Holders as provided in the Purchase Contracts or Purchase Contract Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Teekay Shipping Corp)

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Income and Distributions. The Collateral Agent shall transfer all income and distributions received by the Collateral Agent on account of the Pledged Senior Notes, the Pledged Applicable Ownership Interests or Permitted Investments from time to time held in the Collateral Account to the Purchase Contract Agent (ABA No. ____, A/C No. ____, Re: [_________], Attention: A/C No. [_________], Re: The Hartford Financial Services Group, Inc.) to the Purchase Contract Agent for distribution to the applicable Holders as provided in the Purchase Contracts or Purchase Contract Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Hartford Financial Services Group Inc/De)

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