Common use of Limitation of Rights of Securityholders Clause in Contracts

Limitation of Rights of Securityholders. Except as otherwise provided in Section 9.2, the death, dissolution, termination, bankruptcy or incapacity of any Person having an interest, beneficial or otherwise, in Trust Securities shall not operate to terminate this Trust Agreement, nor dissolve, terminate or annul the Trust, nor entitle the legal successors, representatives or heirs of such Person or any Securityholder for such Person, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 5 contracts

Samples: Trust Agreement (Sce Trust I), Trust Agreement (Sce Trust I), Trust Agreement (Sce Trust I)

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Limitation of Rights of Securityholders. Except as otherwise provided in Section 9.2The death, the deathincapacity, liquidation, dissolution, termination, termination or bankruptcy or incapacity of any Person having an interest, beneficial or otherwise, in Trust Securities shall not operate to terminate this Trust AgreementAgreement nor annul, nor dissolve, dissolve or terminate or annul the Trust, nor entitle the legal successors, representatives or heirs of such Person or any Securityholder for such Person, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding winding-up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 4 contracts

Samples: Trust Agreement (Bancorpsouth Inc), Trust Agreement (Bancorpsouth Inc), Trust Agreement (Bancorpsouth Inc)

Limitation of Rights of Securityholders. Except as otherwise provided in Section 9.2The death, the death--------------------------------------- incapacity, dissolution, termination, bankruptcy or incapacity termination of any Person having an interest, beneficial or otherwise, in a Trust Securities Security shall not operate to terminate this Trust Agreement, nor dissolve, terminate or annul the TrustTrust (other than as contemplated by Section 10.02), nor entitle the legal successors, representatives or heirs of such Person or any Securityholder for such Person, to claim an accounting, take any action or bring any proceeding in any court and for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 1 contract

Samples: Trust Agreement (Yorkshire Power Group LTD)

Limitation of Rights of Securityholders. Except Other than as otherwise provided set forth in Section 9.2, the death, incapacity, dissolution, termination, bankruptcy or incapacity termination of any Person having an interest, beneficial or otherwise, in Trust Securities shall not operate to dissolve the Trust or terminate this Trust Agreement, nor dissolve, terminate or annul the Trust, nor entitle the legal successors, representatives or heirs of such Person or any Securityholder for such Person, Person to claim an accounting, take any action or bring any proceeding in any court for a partition or winding winding-up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 1 contract

Samples: Trust Agreement (HPT Capital Trust I)

Limitation of Rights of Securityholders. Except Other than as otherwise provided set forth in Section 9.29.1, the death, incapacity, dissolution, termination, bankruptcy or incapacity termination of any Person having an interest, beneficial or otherwise, in Trust Securities shall not operate to dissolve the Trust or terminate this Trust Agreement, nor dissolve, terminate or annul the TrustDeclaration, nor entitle the legal successors, representatives or heirs of such Person or any Securityholder for such Person, Person to claim an accounting, take any action or bring any proceeding in any court for a partition or winding winding-up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 1 contract

Samples: Tower Automotive Inc

Limitation of Rights of Securityholders. Except Other than as otherwise provided ---------------------------------------- set forth in Section 9.29.1, the death, incapacity, dissolution, termination, bankruptcy or incapacity termination of any Person having an interest, beneficial or otherwise, in Trust Securities shall not operate to dissolve the Trust or terminate this Trust Agreement, nor dissolve, terminate or annul the Trust, nor entitle the legal successors, representatives or heirs of such Person or any Securityholder for such Person, Person to claim an accounting, take any action or bring any proceeding in any court for a partition or winding winding-up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 1 contract

Samples: Trust Agreement (Alcoa Trust I)

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Limitation of Rights of Securityholders. Except as otherwise provided in Section 9.2The death, the deathincapacity, dissolution, termination, bankruptcy or incapacity termination of any Person having an interest, beneficial or otherwise, in Trust Securities shall not operate to to: (i) terminate this Trust Agreement, nor (ii) dissolve, terminate or annul the Trust, nor (iii) entitle the legal successors, representatives or heirs of such Person or any Securityholder for such Personperson, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding winding-up of the arrangements contemplated hereby, nor or (iv) otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 1 contract

Samples: Trust Agreement (Empire District Electric Trust Ii)

Limitation of Rights of Securityholders. Except as to the extent otherwise provided in Section 9.29.1, the death, incapacity, liquidation, dissolution, termination, termination or bankruptcy or incapacity of any Person having an interest, beneficial or otherwise, in Trust Securities shall not operate to terminate this Trust Agreement, nor dissolveannul, dissolve or terminate or annul the Trust, nor entitle the legal successors, representatives or heirs of such Person or any Securityholder for such Person, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 1 contract

Samples: Trust Agreement (Ingersoll Rand Co)

Limitation of Rights of Securityholders. Except as to the extent otherwise provided in Section 9.2, the death, incapacity, liquidation, dissolution, termination, termination or bankruptcy or incapacity of any Person having an interest, beneficial or otherwise, in Trust Securities shall not operate to terminate this Trust Agreement, nor dissolveannul, dissolve or terminate or annul the Trust, nor entitle the legal successors, representatives or heirs of such Person or any Securityholder for such Person, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 1 contract

Samples: Trust Agreement (Ingersoll Rand Co)

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