Principal Payments Following Termination Event Sample Clauses
The "Principal Payments Following Termination Event" clause defines how outstanding principal amounts are to be handled if a contract is terminated due to a specified event. Typically, this clause outlines the timing and method for repayment of any principal still owed, such as requiring immediate payment or setting a specific schedule for repayment after termination. Its core function is to ensure that both parties understand their obligations regarding principal balances in the event of early contract termination, thereby reducing uncertainty and potential disputes over financial settlements.
Principal Payments Following Termination Event. Following a Termination Event, the Collateral Agent shall transfer all principal payments it receives, if any, in respect of (1) the Pledged Senior Notes, (2) the Pledged Applicable Ownership Interests and (3) the Pledged Treasury Securities, to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests, free and clear of the Pledge created hereby.
Principal Payments Following Termination Event. All payments received by the Securities Intermediary following a Termination Event of (1) the principal amount of Pledged Senior Notes or (2) the principal amount of the Pledged Treasury Securities, shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests.
Principal Payments Following Termination Event. All payments received by the Securities Intermediary following a Termination Event of (1) the [liquidation amount of Pledged Preferred Securities or securities entitlements with respect thereto or (2) the Applicable Ownership Interests (as specified in Clause (A) of the definition thereof) in the Treasury Portfolio, (3) the] principal amount of Pledged Notes or securities entitlements with respect thereto or (4) the principal amount of the Pledged Treasury Securities or securities entitlements with respect thereto, shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests.
Principal Payments Following Termination Event. All payments received by the Securities Intermediary following a Termination Event of (1) the liquidation amount of Pledged Preferred Securities or securities entitlements thereto, or (2) the Applicable Ownership Interests (as specified in Clause (A) of the definition thereof) of the Treasury Portfolio, (3) the aggregate principal amount of the Pledged Senior Deferrable Notes or securities entitlements thereto, or (4) the principal amount of the Pledged Treasury Securities, shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests.
Principal Payments Following Termination Event. All payments received by the Securities Intermediary following a Termination Event of (1) the principal amount of Pledged Debentures or securities entitlements to them, or (2) the principal amount of Pledged Treasury Securities or securities entitlements to them, shall be distributed to the Purchase Contract Agent for the benefit of the Holders for distribution to such Holders in accordance with their respective interests.
Principal Payments Following Termination Event. All payments received by the Collateral Agent following a Termination Event of (1) the aggregate principal amount of the Pledged Notes or securities entitlements thereto, or (2) the Applicable Ownership Interests (as specified in clause (A) of the definition thereof) of the aggregate principal amount of the Treasury Portfolio, or (3) the principal amount of the Pledged Treasury Securities, shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests.
Principal Payments Following Termination Event. All payments received by the Collateral Agent or the Securities Intermediary following a Termination Event with respect to (1) the Pledged Senior Notes or security entitlement with respect thereto, (2) the Pledged Treasury Portfolio Interest or security entitlement with respect thereto or (3) the Pledged Treasury Securities or security entitlement with respect thereto shall, in each case, be distributed to the Purchase Contract Agent for the benefit of the applicable Holders in whose names the Corporate PIES or Treasury PIES are registered at the close of business on the Record Date (as specified in the Purchase Contract Agreement) preceding the date of such distribution for distribution to such Holders in accordance with their respective interests.
Principal Payments Following Termination Event. All payments received by the Collateral Agent or the Securities Intermediary following a Termination Event of (1) the principal amount of Pledged Notes or security entitlements thereto, (2) the Applicable Ownership Interests (as specified in Clause (A) of the definition thereof) of the Treasury Portfolio or (3) the principal amount of the Pledged Treasury Securities or security entitlements with respect thereto, shall be distributed to the Warrant Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests.
Principal Payments Following Termination Event. All payments received by the Securities Intermediary following a Termination Event of the liquidation preference of Pledged Preferred Shares or securities entitlements thereto shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests.
Principal Payments Following Termination Event. All payments received by the Collateral Agent following a Termination Event of (1) the aggregate principal amount of the Pledged Notes or securities entitlements thereto, or (2) the Applicable Ownership Interests (as specified in clause (A) of the definition thereof) of the aggregate principal amount of the Treasury Portfolio, or (3) the principal amount of the Pledged Treasury Securities, shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests. * Denotes a big black dot.