Initial Ownership. Upon the formation of the Issuer Trust and the contribution by the Depositor pursuant to Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstanding, the Depositor shall be the sole beneficial owner of the Issuer Trust.
Appears in 92 contracts
Sources: Trust Agreement (First Merchants Corp), Trust Agreement (Us Bancorp \De\), Trust Agreement (Superior Bancorp)
Initial Ownership. Upon the formation creation of the Issuer Trust and the contribution by the Depositor pursuant to Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstandingOutstanding, the Depositor shall be the sole beneficial owner of the Issuer Trust.
Appears in 58 contracts
Sources: Trust Agreement, Trust Agreement (FFBC Capital Trust I), Trust Agreement (Crescent Banking Co)
Initial Ownership. Upon the formation creation of the Issuer Trust and the contribution by the Depositor pursuant to Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstanding, the Depositor shall be the sole beneficial owner of the Issuer Trust.
Appears in 35 contracts
Sources: Trust Agreement (Goldman Sachs Capital III), Trust Agreement (Goldman Sachs Group Inc/), Trust Agreement (Keycorp /New/)
Initial Ownership. Upon the formation of the Issuer Trust and the contribution by the Depositor pursuant referred to in Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstandingOutstanding, the Depositor shall be the sole beneficial owner of the Issuer Trust.
Appears in 17 contracts
Sources: Trust Agreement (Everest Reinsurance Holdings Inc), Trust Agreement (Everest Re Group LTD), Trust Agreement (Bank of New York Co Inc)
Initial Ownership. Upon the formation of the Issuer Trust and the contribution by the Depositor pursuant to Section 2.3 and until Until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstanding, the Depositor shall be the sole beneficial owner of the Issuer Trust.
Appears in 8 contracts
Sources: Trust Agreement (Provident Trust Ii), Trust Agreement (First Star Capital Trust), Trust Agreement (Gbci Capital Trust Ii)
Initial Ownership. Upon the formation of the Issuer Trust and the contribution by the Depositor pursuant to Section 2.3 and until Until the issuance of the ----------------- Trust Securities, and at any time during which no Trust Securities are outstanding, the Depositor shall be the sole beneficial owner of the Issuer Trust.
Appears in 3 contracts
Sources: Trust Agreement (Allegiant Bancorp Inc), Trust Agreement (Allegiant Capital Trust Ii), Trust Agreement (Allegiant Capital Trust I)
Initial Ownership. Upon the formation of the Issuer Trust and the contribution by the Depositor pursuant to Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstandingOutstanding, the Depositor shall be the sole beneficial owner of the Issuer Trust.
Appears in 3 contracts
Sources: Trust Agreement (Colonial Bancgroup Inc), Trust Agreement (Colonial Bancgroup Inc), Trust Agreement (Colonial Capital Ii)
Initial Ownership. Upon the formation of the Issuer Trust and the contribution by the Depositor pursuant to Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstanding, the Depositor shall be the sole beneficial owner of the Issuer Trust.
Appears in 2 contracts
Sources: Trust Agreement (BNB Capital Trust), Trust Agreement (Broad National Bancorporation)
Initial Ownership. Upon the formation of the Issuer Trust and the contribution by the Depositor pursuant to Section 2.3 Section_2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstanding, the Depositor shall be the sole beneficial owner of the Issuer Trust.
Appears in 1 contract
Initial Ownership. Upon the formation of the Issuer Trust and the contribution by the Depositor pursuant to Section 2.3 and until Until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstandingOutstanding, the Depositor shall be the sole beneficial owner of the Issuer Trust.
Appears in 1 contract
Initial Ownership. Upon the formation creation of the Issuer Trust and the contribution by the Depositor pursuant to Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstanding, the Depositor shall be the sole beneficial owner of the Issuer Trust.. 233
Appears in 1 contract
Sources: Trust Agreement (Sce&g Trust I)
Initial Ownership. Upon the formation of the Issuer Trust and the contribution by the Depositor pursuant to Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstanding, the Depositor shall be the sole beneficial owner of the Issuer Trust.
Appears in 1 contract
Initial Ownership. Upon the formation creation of the Issuer Trust and by the contribution by the Depositor pursuant to Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstanding, the Depositor shall be the sole beneficial owner of the Issuer Trust.
Appears in 1 contract
Sources: Trust Agreement (American Safety Insurance Group LTD)
Initial Ownership. Upon the formation of the Issuer Trust and the contribution by the Depositor pursuant to Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstanding, the Depositor shall be the sole beneficial owner of the Issuer Trust. The Depositor agrees to take the position, for United States federal and state income tax purposes, that (i) the Issuer Trust is a grantor trust and not a partnership or an association taxable as a corporation, and (ii) the Debentures constitute indebtedness of the Depositor.
Appears in 1 contract
Sources: Trust Agreement (State Street Corp)
Initial Ownership. Upon the formation creation of the Issuer Trust and the contribution by the Depositor pursuant referred to in Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstandingOutstanding, the Depositor shall be the sole beneficial owner of the Issuer Trust.
Appears in 1 contract