Limitations Relating to Size of Blocks. Notwithstanding any other provision of this Trust Agreement, Capital Securities may be transferred or exchanged only in blocks having a Liquidation Amount of not less than $100,000, and only if, following such transfer or exchange, each Holder would hold Capital Securities with an aggregate Liquidation Amount of not less than $100,000. Any transfer, exchange or other disposition of Capital Securities in contravention of this Section 5.5(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or Owner of such Capital Security for any purpose, including but not limited to the receipt of Distributions on such Capital Securities, and such transferee shall be deemed to have no interest whatsoever in such Capital Securities.
Appears in 3 contracts
Samples: Trust Agreement (Colonial Bancgroup Inc), Trust Agreement (Colonial Capital Ii), Trust Agreement (Colonial Bancgroup Inc)
Limitations Relating to Size of Blocks. Notwithstanding any other provision of this Trust Agreement, Capital Securities may only be transferred or exchanged only in blocks having a Liquidation Amount of not less than $100,000, and only if, following such transfer or exchange, each Holder would hold Capital Securities with an aggregate Liquidation Amount of not less than $100,000. Any transfer, exchange or other disposition of Capital Securities in contravention of this Section 5.5(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or Owner of such Capital Security Securities for any purpose, including but not limited to the receipt of Distributions on such Capital Securities, and such transferee shall be deemed to have no interest whatsoever in such Capital Securities.
Appears in 2 contracts
Samples: Agreement (Usf&g Corp), Trust Agreement (Usf&g Corp)
Limitations Relating to Size of Blocks. Notwithstanding any other provision of this Trust Agreement, Capital Securities may only be transferred or exchanged only in blocks having a Liquidation Amount of not less than $100,000, and only if, following such transfer or exchange, each Holder would hold Capital Securities with an aggregate Liquidation Amount of not less than $100,000. Any transfer, exchange or other disposition of Capital Securities in contravention of this Section 5.5(b)(v5.4(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or Owner of such Capital Security for any purpose, including but not limited to the receipt of Distributions distributions on such Capital Securities, and such transferee shall be deemed to have no interest whatsoever in such Capital Securities.
Appears in 2 contracts
Samples: Trust Agreement (First Union Institutional Capital Ii), Trust Agreement (First Union Corp)
Limitations Relating to Size of Blocks. Notwithstanding any other provision of this Trust Agreement, Capital Securities may only be transferred or exchanged only in blocks having a Liquidation Amount of not less than $100,000. In addition, and only Capital Securities may not be transferred or exchanged by any Holder if, following such transfer or exchange, each such Holder would hold have Capital Securities with an aggregate Liquidation Amount of not less than $100,000. Any transfer, exchange or other disposition of Capital Securities in contravention of this Section 5.5(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or Owner of such Capital Security for any purpose, including but not limited to the receipt of Distributions on such Capital Securities, and such transferee shall be deemed to have no interest whatsoever in such Capital Securities.
Appears in 2 contracts
Samples: Trust Agreement (Cullen Frost Capital Trust Ii), Trust Agreement (Cullen Frost Capital Trust I)
Limitations Relating to Size of Blocks. Notwithstanding any other provision of this Trust Agreement, Capital Securities may only be transferred or exchanged only in blocks having a Liquidation Amount of not less than $100,000250,000. In addition, and only Capital Securities may not be transferred or exchanged by any Holder if, following such transfer or exchange, each such Holder would hold have Capital Securities with an aggregate Liquidation Amount of not less than $100,000250,000. Any transfer, exchange or other disposition of Capital Securities in contravention of this Section 5.5(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or Owner of such Capital Security for any purpose, including but not limited to the receipt of Distributions on such Capital Securities, and such transferee shall be deemed to have no interest whatsoever in such Capital Securities.
Appears in 1 contract
Samples: Trust Agreement (Zions Institutional Capital Trust A)
Limitations Relating to Size of Blocks. Notwithstanding any -------------------------------------- other provision of this Trust Agreement, Capital Securities may only be transferred or exchanged only in blocks having a Liquidation Amount of not less than $100,000, and only if, following such transfer or exchange, each Holder would hold Capital Securities with an aggregate Liquidation Amount of not less than $100,000. Any transfer, exchange or other disposition of Capital Securities in contravention of this Section 5.5(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or Owner of such Capital Security for any purpose, including but not limited to the receipt of Distributions on such Capital Securities, and such transferee shall be deemed to have no interest whatsoever in such Capital Securities.
Appears in 1 contract
Samples: Trust Agreement (Pmi Group Inc)
Limitations Relating to Size of Blocks. Notwithstanding any -------------------------------------- other provision of this Trust Agreement, Capital Securities may only be transferred or exchanged only in blocks having a Liquidation Amount of not less than $100,000. In addition, and only Capital Securities may not be transferred or exchanged by any Holder if, following such transfer or exchange, each such Holder would hold have Capital Securities with an aggregate Liquidation Amount of not less than $100,000. Any transfer, exchange or other disposition of Capital Securities in contravention of this Section 5.5(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or Owner of such Capital Security for any purpose, including but not limited to the receipt of Distributions on such Capital Securities, and such transferee shall be deemed to have no interest whatsoever in such Capital Securities.
Appears in 1 contract
