Common use of Initial Deposit of Senior Notes Clause in Contracts

Initial Deposit of Senior Notes. 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 PIES, shall Transfer to the Securities Intermediary, and the Securities Intermediary shall accept, for credit to the Collateral Account, the Senior Notes or security entitlements relating to such Senior Notes, and the Securities Intermediary shall indicate by book entry that a security entitlement with respect to such Senior Notes has been credited to the Collateral Account.

Appears in 2 contracts

Sources: Pledge Agreement (Sierra Pacific Resources /Nv/), Pledge Agreement (Sierra Pacific Resources /Nv/)

Initial Deposit of Senior Notes. 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 PIES, shall Transfer to the Securities Intermediary, and the Securities Intermediary shall accept, for credit to the Collateral Account, the Senior Notes or security entitlements relating to such Senior Notes, and the Securities Intermediary shall indicate by book entry that a security securities entitlement with respect to such Senior Notes has been credited to the Collateral Account.

Appears in 2 contracts

Sources: Pledge Agreement (Dominion Resources Inc /Va/), Pledge Agreement (Dominion Resources Inc /Va/)

Initial Deposit of Senior Notes. 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 PIESUnits, shall Transfer to the Securities Intermediary, and the Securities Intermediary shall accept, for credit to the Collateral Account, the Applicable Ownership Interests in Senior Notes or and the Senior Notes underlying such Applicable Ownership Interests in Senior Notes and all security entitlements relating to such Senior Notesthereto, and and, in the case of security entitlements, the Securities Intermediary shall indicate by book book-entry that a security securities entitlement with respect to such Applicable Ownership Interests in Senior Notes has been credited to the Collateral Account.

Appears in 1 contract

Sources: Pledge Agreement (Ambac Financial Group Inc)

Initial Deposit of Senior Notes. 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 PIESUnits, shall Transfer to the Securities Intermediary, and the Securities Intermediary shall accept, for credit to the Collateral Account, the Senior Notes or security entitlements relating to such Senior Notes, and and, if the Transfer takes the form of security entitlements, the Securities Intermediary shall indicate by book entry that a security securities entitlement with respect to such Senior Notes has been credited to the Collateral Account.

Appears in 1 contract

Sources: Pledge Agreement (Dominion Resources Inc /Va/)

Initial Deposit of Senior Notes. 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 PIES, shall Transfer to the Securities Intermediary, and the Securities Intermediary shall accept, for credit to the Collateral Account, the Senior Notes or security entitlements relating to such Senior Notes, and and, if the Transfer takes the form of security entitlements, the Securities Intermediary shall indicate by book entry that a security securities entitlement with respect to such Senior Notes has been credited to the Collateral Account.

Appears in 1 contract

Sources: Pledge Agreement (Sierra Pacific Resources Capital Trust Ii)

Initial Deposit of Senior Notes. 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 PIESStock Purchase Units, shall Transfer to the Securities Intermediary, and the Securities Intermediary shall accept, for credit to the Collateral Account, the Senior Notes or security entitlements relating to such Senior Notes, and the Securities Intermediary shall indicate by book entry that a security securities entitlement with respect to such Senior Notes has been credited to the Collateral Account.

Appears in 1 contract

Sources: Pledge Agreement (Dominion Resources Capital Trust Iv)

Initial Deposit of Senior Notes. Prior to Before or concurrently with the execution and delivery of this Agreement, the Purchase Contract Agent, on behalf of the initial Holders of the Corporate PIESUnits, shall Transfer to the Securities Intermediary, and the Securities Intermediary shall accept, for credit to the Collateral Account, the Senior Notes or security entitlements relating to such Senior Notes, and and, if the Transfer takes the form of security entitlements, the Securities Intermediary shall indicate by book entry that a security securities entitlement with respect to such Senior Notes has been credited to the Collateral Account.

Appears in 1 contract

Sources: Pledge Agreement (Dominion Resources Capital Trust Iv)

Initial Deposit of Senior Notes. 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 PIES, shall Transfer to the Securities Intermediary, and the Securities Intermediary shall accept, for credit to the Collateral Account, the Senior Notes or security entitlements relating to such Senior Notes, and the Securities Intermediary shall indicate by book entry that a security entitlement with respect to such Senior Notes has been credited to the Collateral Account.

Appears in 1 contract

Sources: Pledge Agreement (Sierra Pacific Resources)