Common use of Initial Deposit of Notes Clause in Contracts

Initial Deposit of Notes. (a) Prior to or concurrently with the execution and delivery of this Agreement, the Purchase Contract Agent, on behalf of the initial Holders of the Corporate Units, shall Transfer to the Collateral Agent, for credit to the Collateral Account, the Notes or security entitlements relating thereto, and, in the case of security entitlements, the Securities Intermediary shall indicate by book-entry that a securities entitlement to such Notes has been credited to the Collateral Account. (b) Unless any Event of Default (as defined in the Indenture) shall have occurred and be continuing, the Collateral Agent agrees to hold any Notes or security interests relating thereto, constituting a portion of the Collateral registered in the name of the Purchase Contract Agent, as attorney-in-fact for the Holders, with appropriate endorsement in the form delivered to it and shall not re-register such Notes or security interests relating thereto unless an Event of Default shall have occurred and be continuing.

Initial Deposit of Notes. (a) Prior to or concurrently with the execution and delivery of this Agreement, the Purchase Contract Agent, on behalf of the initial Holders of the Corporate Units, shall Transfer to the Collateral Agent, for credit to the Collateral Account, the Notes or security entitlements relating thereto, and, in the case of security entitlements, the Securities Intermediary shall indicate by book-entry that a securities entitlement to such Notes has been credited to the Collateral Account. (b) Unless any Event of Default (as defined in the Indenture) shall have occurred and be continuing, the Collateral Agent agrees to hold any Notes or security interests relating thereto, constituting a portion of the Collateral registered in the name of the Purchase Contract Agent, as attorney-in-fact for the Holders, with appropriate endorsement indorsement in the form delivered to it and shall not re-register such Notes or security interests relating thereto unless an Event of Default shall have occurred and be continuing.

Initial Deposit of Notes. (a) Prior to or concurrently with the execution and delivery of this Agreement, the Purchase Contract Agent, on behalf of the initial Holders of the Corporate Units, shall Transfer to the Collateral Agent, for credit to the Collateral Account, the Notes or security entitlements relating thereto, and, in the case of security entitlements, the Securities Intermediary shall indicate by book-entry that a securities entitlement to such Notes has been credited to the Collateral Account. (ba) Unless any Event of Default (as defined in the Indenture) shall have occurred and be continuing, the Collateral Agent agrees to hold any Notes or security interests relating thereto, constituting a portion of the Collateral registered in the name of the Purchase Contract Agent, as attorney-in-fact for the Holders, with appropriate endorsement in the form delivered to it and shall not re-register such Notes or security interests relating thereto unless an Event of Default shall have occurred and be continuing.