Cancellation and Destruction of Surrendered Certificates. All Trust Preferred Securities surrendered to the Trustee shall be canceled by the Trustee. Except as prohibited by applicable law or regulation, the Trustee may destroy such canceled Trust Preferred Securities or otherwise dispose of them in accordance with its usual practices.
Appears in 9 contracts
Samples: Trust Agreement (UBS Preferred Funding Trust VIII), Trust Agreement (UBS Preferred Funding Trust VIII), Trust Agreement (UBS Preferred Funding Trust VIII)
Cancellation and Destruction of Surrendered Certificates. All Trust Preferred Securities Certificates surrendered to the Trustee shall be canceled by the Trustee. Except as prohibited by applicable law or regulation, the Trustee may destroy such canceled Trust Preferred Securities Certificates or otherwise dispose of them in accordance with its usual practices.. [If the Company Preferred Securities may be withdrawn from the Trust insert:
Appears in 6 contracts
Samples: Trust Agreement (Credit Suisse (Usa) Inc), Trust Agreement (Credit Suisse Group), Trust Agreement (Credit Suisse Group)
