Common use of Corporate Trustee Required; Eligibility Clause in Contracts

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 12 contracts

Samples: Supplemental Indenture (Apergy Corp), Indenture (PennyMac Financial Services, Inc.), Indenture (PennyMac Financial Services, Inc.)

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Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial Territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 10 contracts

Samples: Indenture (DEERE FUNDING CANADA Corp), Jetblue (Jetblue Airways Corp), Indenture (Deere & Co)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus (together with that of its parent) of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 10 contracts

Samples: Indenture (Encana Corp), Indenture (Cenovus Energy Inc.), Indenture (Ovintiv Inc.)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) of the Trust Indenture Act and shall have a combined capital and surplus of at least $US$50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the United States federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 9 contracts

Samples: Indenture (A I M Management Group Inc /De/), Indenture (A I M Management Group Inc /De/), Indenture (Amvescap PLC/London/)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which that shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial Territorial or the District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 8 contracts

Samples: Indenture (Main Street Capital CORP), Indenture (FS Investment CORP), Indenture Agreement (TriplePoint Venture Growth BDC Corp.)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder hereunder, which shall be a Person that is eligible pursuant to the Trust Indenture Act to act as Trustee under TIA Section 310(a)(1) such and shall have has a combined capital and surplus of at least $50,000,00050,000,000 and its Corporate Trust Office in the United States. If such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia said supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 8 contracts

Samples: Sabra Health Care (Sabra Health Care Limited Partnership), Sabra Health (Sabra Health Care REIT, Inc.), Indenture (Renee Avenue Health Holdings LLC)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which that shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial Territorial or the District of Columbia supervising or examining authority, then for the purposes of this Section 6.086.07, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.086.07, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle VI.

Appears in 8 contracts

Samples: CION Investment Corp, Apollo Debt Solutions BDC, HPS Corporate Lending Fund

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section Sections 310(a)(1), (2) and (5) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 7 contracts

Samples: Supplemental Indenture (Clearwire Corp /DE), Supplemental Indenture (Lantheus MI Intermediate, Inc.), Note Purchase Agreement (Clearwire Corp /DE)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which that shall be eligible to act as Trustee under TIA Section 310(a)(1) an indenture qualified under the Trust Indenture Act and shall have that has a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle VI.

Appears in 6 contracts

Samples: Targets Trusts Vi, Targets Trusts Vi, Targets Trusts Vi

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section Trust Indenture Act Sections 310(a)(1) and (2) and which shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalany Federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it the Trustee shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 6 contracts

Samples: Indenture (RCN Corp /De/), Spincycle Inc, RCN Corp /De/

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be a Person that is eligible pursuant to the Trust Indenture Act to act as Trustee under TIA Section 310(a)(1such and (together with its corporate Affiliates) and shall have has a combined capital and surplus of at least $50,000,000. If such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia said supervising or examining authority, then for the purposes of this Section 6.08609, the combined capital and surplus of such corporation Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08609, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Six.

Appears in 6 contracts

Samples: Indenture (Sanmina Corp), Indenture (Sanmina-Sci Corp), Indenture (Sanmina-Sci Corp)

Corporate Trustee Required; Eligibility. There shall be at all times a be one (and only one) Trustee hereunder which hereunder. The Trustee shall be a Person that is eligible pursuant to the TIA to act as Trustee under TIA Section 310(a)(1) such and shall have has a combined capital and surplus of at least $50,000,00050.0 million. If any such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia its supervising or examining authority, then for the purposes of this Section 6.08709 and to the extent permitted by the TIA, the combined capital and surplus of such corporation Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08709, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle VII.

Appears in 5 contracts

Samples: Collateral Agreement (Ambac Financial Group Inc), Indenture (Ambac Financial Group Inc), Collateral Agreement (Ambac Financial Group Inc)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 5 contracts

Samples: Indenture (Weight Watchers International Inc), Supplemental Indenture (Engility Holdings, Inc.), Supplemental Indenture (Ww International, Inc.)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section Sections 310(a)(1), (2) and (5) and shall have a combined capital and surplus of at least $50,000,000150,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 5 contracts

Samples: Intercreditor Agreement (Sealy Corp), Indenture (Railamerica Inc /De), Indenture (Aircastle LTD)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Six.

Appears in 5 contracts

Samples: Indenture (Kaiser Aluminum Corp), Indenture (Kaiser Aluminum Corp), Supplemental Indenture (Aleris Ohio Management, Inc.)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section satisfies the applicable requirements of Sections 310(a)(1) and shall have (5) of the Trust Indenture Act and has a combined capital and surplus of at least one hundred fifty million dollars ($50,000,000150,000,000). If such corporation publishes reports of condition at least annually, pursuant to law Law or to the requirements of federal, State, territorial or District of Columbia a supervising or examining authority, then for the purposes of this Section 6.084.9, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.084.9, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle 4.

Appears in 5 contracts

Samples: Contingent Value Rights Agreement (Sanofi-Aventis), Contingent Value Rights Agreement (Celgene Corp /De/), Contingent Value Rights Agreement (Genzyme Corp)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and (5) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Six.

Appears in 4 contracts

Samples: Indenture (Ellington Financial LLC), Indenture (New York Mortgage Trust Inc), Indenture (Ellington Financial LLC)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,00050 million. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08607, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 4 contracts

Samples: Indenture (World Access Inc /New/), Indenture (World Access Inc /New/), Facilicom International Inc

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which that shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or the District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 4 contracts

Samples: Indenture (THL Credit, Inc.), Horizon Technology Finance Corp, Garrison Capital Inc.

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.087.07, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle 7.

Appears in 4 contracts

Samples: Registration Rights Agreement (Comstock Oil & Gas, LP), Indenture (Comstock Oil & Gas, LP), Indenture (Comstock Oil & Gas, LP)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and Section 310(a)(5) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 4 contracts

Samples: Supplemental Indenture (Entegris Inc), Supplemental Indenture (Entegris Inc), Supplemental Indenture (Entegris Inc)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which that shall be eligible to act as Trustee under TIA Section 310(a)(1) and 310(a)(5) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Indenture (Teligent Inc), Indenture (Teligent Inc), Teligent Inc

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation Corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial Territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation Corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Indenture (Pseg Energy Holdings Inc), Pseg Fossil LLC, Pse&g Capital Trust Iii

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Pacific Telesis Financing Iii, Newell Co, Pacific Telesis Financing Iii

Corporate Trustee Required; Eligibility. There shall be at all times a be an Trustee hereunder which shall be eligible to act as Trustee a trustee under TIA Section 310(a)(1310(a) of the Trust Indenture Act and shall have a combined capital and surplus of at least $50,000,000meet the Eligibility Requirements. If such corporation publishes reports of condition conditions at least annually, pursuant to law or to the requirements of any federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.086.09, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition conditions so published. If In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.086.09 to act as Trustee, it the Trustee shall resign immediately as Trustee in the manner and with the effect hereinafter specified in this ArticleSection 7.01 hereof.

Appears in 3 contracts

Samples: NPS Pharmaceuticals Inc, NPS Pharmaceuticals Inc, Indenture (Alkermes Inc)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,00050.0 million. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.087.07, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle 7.

Appears in 3 contracts

Samples: Supplemental Indenture, Indenture, www.mesquite-energy.com

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) ), has its Corporate Trust Office in the United States and shall have a combined capital and surplus of at least $50,000,00075,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial Territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Indenture (Qimonda Finance LLC), Indenture (Qimonda Finance LLC), Indenture (Qimonda Finance LLC)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Indenture (Ascent Entertainment Group Inc), Pathnet Inc, Shop at Home Inc /Tn/

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,00050 million. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Indenture (Fleming Companies Inc /Ok/), Fleming Companies Inc /Ok/, Fleming Companies Inc /Ok/

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section satisfies the applicable requirements of Sections 310(a)(1) and shall have (5) of the Trust Indenture Act and has a combined capital and surplus of at least one hundred million dollars ($50,000,000100,000,000). If such corporation publishes reports of condition at least annually, pursuant to law Law or to the requirements of federal, State, territorial or District of Columbia a supervising or examining authority, then for the purposes of this Section 6.084.9, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.084.9, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle 4.

Appears in 3 contracts

Samples: Contingent Value Rights Agreement (Akorn Inc), Contingent Value Rights Agreement (Akorn Inc), Contingent Value Rights Agreement (Akorn Inc)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be a Person that is eligible pursuant to the Trust Indenture Act to act as Trustee under TIA Section 310(a)(1) such and shall have has a combined capital and surplus of at least $50,000,000250,000,000. If such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Oakwood Homes Corp, Oakwood Homes Corp, Oakwood Homes Corp

Corporate Trustee Required; Eligibility. There shall be at all times a be one (and only one) Trustee hereunder which hereunder. The Trustee shall be a Person that is eligible pursuant to the TIA to act as Trustee under TIA Section 310(a)(1) such and shall have has a combined capital and surplus of at least $50,000,00050.0 million. If any such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia its supervising or examining authority, then for the purposes of this Section 6.08and to the extent permitted by the TIA, the combined capital and surplus of such corporation Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08709, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Indenture (Emergency Medical Services CORP), Hd Supply, Inc., Hd Supply, Inc.

Corporate Trustee Required; Eligibility. There shall be at all times a be one (and only one) Trustee hereunder which hereunder. The Trustee shall be a Person that is eligible pursuant to the TIA to act as Trustee under TIA Section 310(a)(1) such and shall have has a combined capital and surplus of at least $50,000,000. If any such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia its supervising or examining authority, then for the purposes of this Section 6.08709 and to the extent permitted by the TIA, the combined capital and surplus of such corporation Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08709, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle VII.

Appears in 3 contracts

Samples: Supplemental Indenture (Graphic Packaging Holding Co), Graphic Packaging Holding Co, HSI IP, Inc.

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation Trustee or Person publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial Territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation Trustee or Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Union Planters Corp, Unumprovident Financing Trust Iii, Unumprovident Financing Trust Iii

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $US$50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Supplemental Indenture (Infosat Communications LP), Supplemental Indenture (Infosat Communications LP), Indenture (Telesat Canada)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section satisfies the applicable requirements of Sections 310(a)(1) and shall have (5) of the Trust Indenture Act and has a combined capital and surplus of at least one hundred fifty million dollars ($50,000,000150,000,000). If such corporation publishes reports of condition at least annually, pursuant to law Law or to the requirements of federal, State, territorial or District of Columbia a supervising or examining authority, then for the purposes of this Section 6.084.9, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Contingent Value Rights Agreement (Abraxis BioScience, Inc.), Contingent Value Rights Agreement (Celgene Corp /De/), Contingent Value Rights Agreement (Celgene Corp /De/)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be a Person that is eligible pursuant to the TIA (as if the TIA were applicable hereto) to act as Trustee under TIA Section 310(a)(1) such and shall have has a combined capital and surplus of at least $50,000,000. If such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia any supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Indenture (Nuvasive Inc), Indenture (Nuvasive Inc), Indenture (Nuvasive Inc)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as a Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000U.S.$50 million. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture (Tembec Industries Inc), Tembec Industries Inc

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which that shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial Territorial or the District of Columbia supervising or examining authority, then for the purposes of this Section 6.08607, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08607, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Six.

Appears in 2 contracts

Samples: Indenture (GSV Capital Corp.), Indenture (Suro Capital Corp.)

Corporate Trustee Required; Eligibility. There shall be at all times a be one (and only one) Trustee hereunder which hereunder. The Trustee shall be a Person that is eligible pursuant to the TIA to act as Trustee under TIA Section 310(a)(1) such and shall have has a combined capital and surplus of at least $50,000,00050.0 million. If any such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia its supervising or examining authority, then for the purposes of this Section 6.08709 and to the extent permitted by the TIA, the combined capital and surplus of such corporation Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08709, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle 7.

Appears in 2 contracts

Samples: Collateral Trust Agreement (Tenneco Inc), Collateral Trust Agreement (Tenneco Inc)

Corporate Trustee Required; Eligibility. There The Trustee for each series of Securities hereunder shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have corporation that complies with the requirements of the Trust Indenture Act, having a combined capital and surplus of at least $50,000,000. If such corporation or other Person publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation or other Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it the Trustee shall resign immediately in the manner and with the effect hereinafter specified in this ArticleSection 7.10.

Appears in 2 contracts

Samples: Indenture (ICO Global Communications (Holdings) LTD), ICO Global Communications (Holdings) LTD

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08607, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Primus Telecommunications Group Inc, Primus Telecommunications Group Inc

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA that satisfies the requirements of Section 310(a)(1310(a) of the Trust Indenture Act and shall have has a combined capital and surplus of at least $50,000,000US$150,000. If such corporation corporation, trust company or association publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia supervising or examining authority or any similar authority, then for the purposes of this Section 6.08‎Section 6.11, the combined capital and surplus of such corporation corporation, trust company or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08‎Section 6.11, it shall resign immediately in the manner and with the effect hereinafter specified in this Article‎Section 6.08.

Appears in 2 contracts

Samples: Mongolian (Enrestechnology LLC), Mongolian (Energy Resources Rail LLC)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus (together with its parent) of at least $US$50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of United States federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture (Baytex Energy LTD), Indenture (Baytex Energy LTD)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section satisfies the applicable requirements of Sections 310(a)(1) and shall have (5) of the Trust Indenture Act and has a combined capital and surplus of at least one hundred million dollars ($50,000,000100,000,000). If such corporation publishes reports of condition at least annually, pursuant to law Law or to the requirements of federal, State, territorial or District of Columbia a supervising or examining authority, then for the purposes of this Section 6.084.9, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle 4.

Appears in 2 contracts

Samples: Contingent Value Rights Agreement (Cubist Pharmaceuticals Inc), Agreement and Plan of Merger (Cubist Pharmaceuticals Inc)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section Sections 310(a)(1), (2) and (5) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall promptly resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture (TRAC Intermodal LLC), Intercreditor Agreement (Forida East Coast Railway L.L.C.)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be a Person that is eligible pursuant to the Trust Indenture Act to act as Trustee under TIA Section 310(a)(1) such and shall have has a combined capital and surplus of at least $50,000,000. If such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture (Royal Caribbean Cruises LTD), Royal Caribbean Cruises LTD

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus (together with that of its parent) of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Suncor Energy Inc, Suncor Energy Inc

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible qualified to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of any federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Senior Note Indenture (Avnet Inc), Avnet Inc

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and ). Each successor Trustee shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture (Extendicare Health Services Inc), Satisfaction And (Afa Products Inc)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial Territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If Except as otherwise provided in Section 614, if at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Reconciliation And (Mindspring Enterprises Inc), Mindspring Enterprises Inc

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which with respect to each series of Securities, that shall be eligible to act as Trustee under TIA Section 310(a)(1) and 310(a)(5) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to any series of Securities shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Teligent Inc, Teligent Inc

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section satisfies the applicable requirements of Sections 310(a)(1) and shall have (5) of the Trust Indenture Act and has a combined capital and surplus of at least one hundred fifty million dollars ($50,000,000150,000,000). If such corporation publishes reports of condition at least annually, pursuant to law Law or to the requirements of federal, State, territorial or District of Columbia a supervising or examining authority, then for the purposes of this Section 6.08SECTION 4.8, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08SECTION 4.8, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleARTICLE 4.

Appears in 2 contracts

Samples: Contingent Value Rights Agreement (Wright Medical Group Inc), Contingent Value Rights Agreement (Biomimetic Therapeutics, Inc.)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) of the Trust Indenture Act and shall have a combined capital and surplus of at least $50,000,000100.0 million. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08607, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Six.

Appears in 2 contracts

Samples: Xerox Corp, Xerox Corp

Corporate Trustee Required; Eligibility. (a) There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial Territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Deere John Capital Corp, Deere John Capital Corp

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000500.0 million. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Six.

Appears in 2 contracts

Samples: St Charles Gaming Co Inc, Grand Palais Riverboat Inc

Corporate Trustee Required; Eligibility. There shall be at all times a be one (and only one) Trustee hereunder which hereunder. The Trustee shall be a Person that is eligible pursuant to the TIA to act as Trustee under TIA Section 310(a)(1) such and shall have has a combined capital and surplus of at least $50,000,000. If any such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia its supervising or examining authority, then for the purposes of this Section 6.08709 103 and to the extent permitted by the TIA, the combined capital and surplus of such corporation Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08709, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Hertz Global Holdings Inc, Hertz Global Holdings Inc

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then then, for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture (Viacom International Inc /De/), Viacom Inc

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section satisfies the applicable requirements of Sections 310(a)(1) and shall have (5) of the Trust Indenture Act and has a combined capital and surplus of at least fifty million dollars ($50,000,000). If such corporation publishes reports of condition at least annually, pursuant to law Law or to the requirements of federal, State, territorial or District of Columbia a supervising or examining authority, then for the purposes of this Section 6.084.9, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle 4.

Appears in 2 contracts

Samples: Contingent Value Rights Agreement (Cubist Pharmaceuticals Inc), Contingent Value Rights Agreement (Cubist Pharmaceuticals Inc)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section satisfies the applicable requirements of Sections 310(a)(1) and shall have (5) of the Trust Indenture Act and has a combined capital and surplus of at least fifty million dollars ($50,000,000). If such corporation publishes reports of condition at least annually, pursuant to law Law or to the requirements of federal, State, territorial or District of Columbia a supervising or examining authority, then for the purposes of this Section 6.08SECTION 4.8, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08SECTION 4.8, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleARTICLE 4.

Appears in 2 contracts

Samples: Contingent Value Rights Agreement (Wright Medical Group Inc), Contingent Value Rights Agreement (Wright Medical Group Inc)

Corporate Trustee Required; Eligibility. There shall be at all times a be one (and only one) Trustee hereunder which hereunder. The Trustee shall be a Person that is eligible pursuant to the TIA to act as Trustee under TIA Section 310(a)(1) such and shall have has a combined capital and surplus of at least $50,000,000. If any such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia its supervising or examining authority, then for the purposes of this Section 6.087.09 and to the extent permitted by the TIA, the combined capital and surplus of such corporation Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.087.09, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Refinancing Agreement (Sirva Inc), Refinancing Agreement (Relocation Management Systems Inc)

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Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation Trustee or Person publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, Statestate, territorial Territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation Trustee or Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Junior Subordinated Indenture (Delphi Financial Group Inc/De), Junior Subordinated Indenture (Delphi Financial Group Inc/De)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section satisfies the applicable requirements of Sections 310(a)(1) and shall have (5) of the Trust Indenture Act and has a combined capital and surplus of at least one hundred fifty million dollars ($50,000,000150,000,000). If such corporation the Trustee publishes reports of condition at least annually, pursuant to law Law or to the requirements of federal, State, territorial or District of Columbia a supervising or examining authority, then for the purposes of this Section 6.084.9, the combined capital and surplus of such corporation the Trustee shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.084.9, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle IV.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Selecta Biosciences Inc), Assignment and Assumption Agreement (Cartesian Therapeutics, Inc.)

Corporate Trustee Required; Eligibility. (a) There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture (Hub International LTD), Indenture (Hub International LTD)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section satisfies the applicable requirements of Sections 310(a)(1) and shall have (5) of the Trust Indenture Act and has a combined capital and surplus of at least one hundred fifty million dollars ($50,000,000150,000,000). If such corporation publishes reports of condition at least annually, pursuant to law Law or to the requirements of federal, State, territorial or District of Columbia a supervising or examining authority, then for the purposes of this Section 6.08SECTION 4.9, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08SECTION 4.9, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleARTICLE 4.

Appears in 1 contract

Samples: Contingent Value Rights Agreement (Community Health Systems Inc)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) of the Trust Indenture Act and shall have a combined capital and surplus of at least $US$50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of United States federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Amvescap PLC/London/)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes 44 reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08607, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Primus Telecommunications Group Inc

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.086.7, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. No obligor under the Securities or person directly or indirectly controlling, controlled by, or under common control with, such obligor shall serve as Trustee hereunder.

Appears in 1 contract

Samples: Indenture (Grant Geophysical Inc)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section satisfies the applicable requirements of Sections 310(a)(1) and shall have (5) of the Trust Indenture Act and has a combined capital and surplus of at least fifty million dollars ($50,000,000). If such corporation publishes reports of condition at least annually, pursuant to law Law or to the requirements of federal, State, territorial or District of Columbia a supervising or examining authority, then for the purposes of this Section 6.084.9, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.084.9, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle 4.

Appears in 1 contract

Samples: Contingent Value Rights Agreement (Alliancebernstein L.P.)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,00025,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08607, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Six.

Appears in 1 contract

Samples: Scovill Holdings Inc

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,00050.0 million. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Valujet Inc

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) ). The Trustee and each successor Trustee shall have (or its corporate parent shall have) a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Insight Health Services Corp)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalxxxxxxx, Statexxxxx, territorial xxxxxxxxxxx or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Applied Extrusion Technologies Inc /De

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section Trust Indenture Act Sections 310(a)(1) and (2) and which shall have a combined capital and surplus of at least $50,000,000100,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalany Federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it the Trustee shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Alestra)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and which shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08608, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08608, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Six.

Appears in 1 contract

Samples: East Coast Power LLC

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1310(a)(i) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Restructuring Agreement (Upc Polska Inc)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which that shall be a Person that is eligible pursuant to the Trust Indenture Act to act as Trustee under TIA Section 310(a)(1) such and shall have has a combined capital and surplus of at least $50,000,000. If such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of federala Federal, State, territorial or District of Columbia or foreign supervising or examining authority, then for the purposes of this Section 6.08, the combined capital and surplus of such corporation Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (HSBC Holdings PLC)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and (2) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Convergent Communications Inc /Co)

Corporate Trustee Required; Eligibility. Conflicting Interests. --------------------- There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section Sections 310(a)(1) and 310(a)(5) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Complete Management Inc)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000US$50,000,000 and has its Corporate Trust Office in the City of New York. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08and to the extent permitted by the Trust Indenture Act, the combined capital and 61 54 surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: China Mobile Hong Kong LTD

Corporate Trustee Required; Eligibility. (i) There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus (together with that of its parent) of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Encana Corp)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1310(a) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Six.

Appears in 1 contract

Samples: Indenture (Aleris Corp)

Corporate Trustee Required; Eligibility. There shall be at all times a be one (and only one) Trustee hereunder which hereunder. The Trustee shall be a Person that is eligible pursuant to the TIA to act as Trustee under TIA Section 310(a)(1) such and shall have has a combined capital and surplus of at least $50,000,000100,000,000. If any such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia its supervising or examining authority, then for the purposes of this Section 6.087.09 and to the extent permitted by the TIA, the combined capital and surplus of such corporation Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.087.09, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Viasystems Group Inc

Corporate Trustee Required; Eligibility. (a) There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalU.S. Federal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Sasol Financing USA LLC)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalxx xxxxxxx, Statexxxxx, territorial or xxxxxxxxxxx xx District of Columbia supervising or examining authority, then for the purposes of this Section 6.086.7, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Veritas DGC Inc)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be a Person that is eligible pursuant to the Trust Indenture Act to act as Trustee under TIA Section 310(a)(1) such and shall have has, or whose parent banking company has, a combined capital and surplus of at least $50,000,000. If such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia said supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Flir Systems Inc

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08608, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08607, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Six.

Appears in 1 contract

Samples: Indenture (BWX Technologies, Inc.)

Corporate Trustee Required; Eligibility. There shall be at all --------------------------------------- times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1310(a) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalany Federal, State, territorial Territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Frontier Corp /Ny/

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as - 51 - set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Newell Co)

Corporate Trustee Required; Eligibility. There shall be at all times a be one (and only one) Trustee hereunder which hereunder. The Trustee shall be a Person that is eligible pursuant to the TIA to act as Trustee under TIA Section 310(a)(1) such and shall have has a combined capital and surplus of at least $50,000,00050.0 million. If any such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia its supervising or examining authority, then for the purposes of this Section 6.087.9 and to the extent permitted by the TIA, the combined capital and surplus of such corporation Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.087.9, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Intercreditor Agreement (Lannett Co Inc)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1310(a) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08608, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08608, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Six.

Appears in 1 contract

Samples: Indenture (Aleris Corp)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) (whether or not this Indenture is then subject to the TIA) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia a supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleSection 6.09.

Appears in 1 contract

Samples: Indenture (Chrysler Group LLC)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,00050.0 million. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately promptly in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: United Stationers Supply Co

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which that shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial Territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Sixth Street Specialty Lending, Inc.

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be a corporation eligible to act as Trustee under TIA Section Trust Indenture Act Sections 310(a)(1) and (2) and which shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalany Federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it the Trustee shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Caprock Communications Corp

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Six.

Appears in 1 contract

Samples: Supplemental Indenture (Academy Sports & Outdoors, Inc.)

Corporate Trustee Required; Eligibility. There shall be at all times be a Trustee hereunder which shall be eligible a corporation organized and doing business under the laws of the United States, any State thereof or the District of Columbia, authorized under such laws to act as Trustee under TIA Section 310(a)(1) and shall have exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000100,000,000 subject to supervision or examination by Federal State or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, State, territorial or District of Columbia said supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Weyerhaeuser Co)

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,00050 million. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, Statestate, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and 59 53 surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08607, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: World Access Inc /New/

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes 45 reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08607, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Primus Telecommunications Group Inc

Corporate Trustee Required; Eligibility. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(13.10(a)(1) and (5) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federalFederal, State, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.08Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.08Section, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle VI.

Appears in 1 contract

Samples: Indenture (Great Ajax Corp.)

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