Common use of Non-Global Capital Security to Non-Global Capital Security Clause in Contracts

Non-Global Capital Security to Non-Global Capital Security. A Capital Security that is not a Global Capital Security may be transferred, in whole or in part, to a Person who takes delivery in the form of another Capital Security that is not a Global Capital Security as provided in Section 5.5(a), provided that if the Capital Security to be transferred in whole or in part is a Restricted Capital Security, the Securities Registrar shall have received a Restricted Securities Certificate duly executed by the transferor Holder or such Holder’s attorney duly authorized in writing and the Securities Registrar shall only be required to register the transfer of such Restricted Securities Certificate upon direction from the Depositor that such transfer is permissible.

Appears in 7 contracts

Samples: Trust Agreement (Crescent Banking Co), Trust Agreement (CCF Holding Co), Trust Agreement (Gainsco Inc)

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Non-Global Capital Security to Non-Global Capital Security. A Capital Security that is not a Global Capital Security may be transferred, in whole or in part, to a Person who takes delivery in the form of another Capital Security that is not a Global Capital Security as provided in Section 5.5(a), provided that if the Capital Security to be transferred in whole or in part is a Restricted Capital Security, the Securities Registrar shall have received a Restricted Securities Certificate duly executed by the transferor Holder or such Holder’s 's attorney duly authorized in writing and the Securities Registrar shall only be required to register the transfer of such Restricted Securities Certificate upon direction from the Depositor that such transfer is permissible.

Appears in 3 contracts

Samples: Trust Agreement (Community Financial Holding Co Inc), Trust Agreement (Assuranceamerica Corp), Trust Agreement (Southern Community Bancshares Inc /Ga)

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Non-Global Capital Security to Non-Global Capital Security. A Capital Trust Security that is not a Global Capital Security may be transferred, in whole or in part, to a Person who takes delivery in the form of another Capital Trust Security that is not a Global Capital Security as provided in Section 5.5(a), provided that if the Capital Trust Security to be transferred in whole or in part is a Restricted Capital Security, the Securities Registrar shall have received a Restricted Securities Certificate duly executed by the transferor Holder or such Holder’s 's attorney duly authorized in writing and the Securities Registrar shall only be required to register the transfer of such Restricted Securities Certificate upon direction from the Depositor that such transfer is permissible.

Appears in 2 contracts

Samples: Trust Agreement (CCF Holding Co), Trust Agreement (Florida Community Banks Inc)

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