Common use of Liquidation of the Trust Clause in Contracts

Liquidation of the Trust. Upon the liquidation of the Trust, a principal amount of the Debentures constituting the assets of the Trust and underlying the Preferred Securities equal to the aggregated Stated Amount of the Pledged Preferred Securities shall be delivered to the Collateral Agent in exchange for the Pledged Preferred Securities. In the event the Collateral Agent receives such Debentures in respect of Pledged Preferred Securities upon a liquidation of the Trust, the Collateral Agent shall Transfer the Debentures to the Collateral Account in the manner specified herein for Pledged Preferred Securities to secure the obligations of the Holders of the related Income PRIDES to purchase the Company's Common Stock under the related Purchase Contracts. Thereafter, the Collateral Agent shall have such security interests, rights and obligations with respect to such Debentures as it had in respect of the Pledged Preferred Securities as provided in Articles II, III, IV, V and VI hereof.

Liquidation of the Trust. Upon the liquidation of the Trust and after satisfaction of liabilities to creditors of the Trust, a if any, an aggregate principal amount of the Debentures constituting the assets of the Trust and underlying the Preferred Securities equal to the aggregated Stated Amount of the Pledged Preferred Securities shall be delivered to the Collateral Agent in exchange for the Pledged Preferred Securities. In the event the Collateral Agent receives such Debentures in respect of Pledged Preferred Securities upon a liquidation of the Trust, the Collateral Agent shall Transfer the such Debentures to the Collateral Account in the manner specified herein for Pledged Preferred Securities to secure the obligations of the Holders of the related Income PRIDES to purchase the Company's Common Stock under the related Purchase Contracts. Thereafter, the Collateral Agent shall have such security interests, rights and obligations with respect to such Debentures as it had in respect of the Pledged Preferred Securities as provided in Articles II, III, IV, V and VI hereof. Section 7.