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Metal ligand cooperativity (MLC) has revealed a plethora of unusual reactivity in catalysis in the last couple of decades. Since Milstein's report of aromatization-dearomatization of the pincer backbone of pyridine-based-pincer complexes, ruthenium has played a partic ularly important role in the develo pment of M LC. We have recently reported a (H- P3 )Ir complex which is the fastest known catalyst for alkane-transfer dehydrogenation. The active species results from P- to-Ir migration of H in this system. We further explored the possib ility of MLC in an analogous Ru system. Surprisingly, when metalating the same H-P3 ligand with a RuCl2 precursor we only isolated a (Cl-P3 )Ru(H)Cl complex where H had migrated to Ru from P, and Cl to P from Ru ("P- H/M-X exchange"). We have demonstrated that the thermodynamically favored direction of such exchanges depends strongly on the ancillary ligands, with particular driving force for formation of 5-coordinate (pincer)MHCl complexes (M = d6 metal center) . However, for 6- coordinate Ru complexes (H- pincer)MXYL, the electronic nature of L appears to determine if P-H/M-X exchange occurs. Strongly pi-accepting ligands promote P-X/M-H exchange with the reaction observed for L = CO, xylylisonitrile and N O+ , but not for L = N2 , C H3 CN, or PMe3 . While exchange at 5- coordinate (16e- ) Ru centers appears to proceed through initial P-to-Ru migration of X or H, to give a phosphide interme diate, in the case of 6- coordinate (18e- ) Ru centers exchange is believed to proceed through phosphoranyl intermediates. DFT and intrinsic bond orbital anal. has been used to better understand this reactivity.