Common use of Ownership of Common Securities by Depositor Clause in Contracts

Ownership of Common Securities by Depositor. At the Closing Date, the Depositor shall acquire and retain beneficial and record ownership of the Common Securities. To the fullest extent permitted by law, other than a transfer in connection with a consolidation or merger of the Depositor into another Person, or any conveyance, transfer or lease by the Depositor of its properties and assets substantially as an entirety to any Person pursuant to Section 8.1 of the Base Indenture, any attempted transfer of the Common Securities other than to a direct or indirect subsidiary of the Depositor shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating “EXCEPT AS PROVIDED IN THE TRUST AGREEMENT (AS DEFINED BELOW), THIS CERTIFICATE IS NOT TRANSFERABLE.”

Appears in 5 contracts

Samples: Trust Agreement (Huntington Bancshares Inc/Md), Trust Agreement (National City Corp), Trust Agreement (National City Corp)

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Ownership of Common Securities by Depositor. At the Closing DateTime of Delivery, the Depositor shall acquire acquire, and retain thereafter shall retain, beneficial and record ownership of the Common Securities. To the fullest extent permitted by law, other than a transfer in connection with a consolidation or merger of the Depositor into another Person, or any conveyance, transfer or lease by the Depositor of its properties and assets substantially as an entirety to any Person Person, pursuant to Section 8.1 801 of the Base Indenture, any attempted transfer of the Common Securities other than to a direct or indirect subsidiary of the Depositor shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating “stated "THIS CERTIFICATE IS NOT TRANSFERABLE TO ANY PERSON EXCEPT AS PROVIDED DESCRIBED IN THE TRUST AGREEMENT (AS DEFINED BELOW), THIS CERTIFICATE IS NOT TRANSFERABLE".

Appears in 4 contracts

Samples: Trust Agreement (Indymac Capital Trust I), Trust Agreement (Indymac Capital Trust I), Trust Agreement (Indymac Capital Trust I)

Ownership of Common Securities by Depositor. At the Closing Date, the Depositor shall acquire and retain beneficial and record ownership of the Common Securities. To the fullest extent permitted by law, other than a transfer in connection with a consolidation or merger of the Depositor into another Person, or any conveyance, transfer or lease by the Depositor of its properties and assets substantially as an entirety to any Person pursuant to Section 8.1 801 of the Base Indenture, any attempted transfer of the Common Securities other than to a direct or indirect subsidiary of the Depositor shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating “EXCEPT AS PROVIDED IN THE TRUST AGREEMENT (AS DEFINED BELOW), THIS CERTIFICATE IS NOT TRANSFERABLE.”

Appears in 3 contracts

Samples: Trust Agreement (Wells Fargo Capital XVIII), Trust Agreement (Wells Fargo & Co/Mn), Trust Agreement (Wells Fargo & Co/Mn)

Ownership of Common Securities by Depositor. At On the Closing Date, the Depositor shall acquire and retain beneficial and record ownership of the Common Securities. To the fullest extent permitted by law, other than a transfer in connection with a consolidation or merger of the Depositor into another Person, or any conveyance, transfer or lease by the Depositor of its properties and assets substantially as an entirety to any Person Person, pursuant to Section 8.1 of the Base Indenture, or a transfer to a wholly owned subsidiary of the Depositor, any attempted transfer of the Common Securities other than to a direct or indirect subsidiary of the Depositor shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating “EXCEPT AS PROVIDED IN THE TRUST AGREEMENT (AS DEFINED BELOW), "THIS CERTIFICATE IS NOT TRANSFERABLETRANSFERABLE TO A PERSON WHO IS NOT A WHOLLY OWNED SUBSIDIARY OF HOLDER".

Appears in 2 contracts

Samples: Trust Agreement (First Tennessee National Corp), Trust Indenture Trust Agreement (First Tennessee National Corp)

Ownership of Common Securities by Depositor. At On the Closing Date, the Depositor shall acquire acquire, and retain thereafter retain, beneficial and record ownership of the Common Securities. To the fullest extent permitted by law, other than a transfer in connection with a consolidation or merger of the Depositor into another Personcorporation, or any conveyance, transfer or lease by the Depositor of its properties and assets substantially as an entirety to any Person Person, pursuant to Section 8.1 Article 5 of the Base Indenture, any attempted transfer of the Common Securities other than to a direct or indirect subsidiary of the Depositor shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating "THIS CERTIFICATE IS NOT TRANSFERABLE EXCEPT AS PROVIDED IN THE TRUST AGREEMENT (AS DEFINED BELOW), THIS CERTIFICATE IS NOT TRANSFERABLEREFERRED TO HEREIN".

Appears in 2 contracts

Samples: Trust Agreement (Rli Corp), Trust Agreement (Harleysville Group Inc)

Ownership of Common Securities by Depositor. At the Closing Date, the Depositor shall acquire and retain beneficial and record ownership of the Common Securities. To the fullest extent permitted by law, other than a transfer in connection with a consolidation or merger of the Depositor into another Person, or any conveyance, transfer or lease by the Depositor of its properties and assets substantially as an entirety to any Person pursuant to Section 8.1 of the Base Indenture, any attempted transfer of the Common Securities other than to a direct or indirect subsidiary of the Depositor shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating “EXCEPT AS PROVIDED IN THE TRUST AGREEMENT (AS DEFINED BELOW), THIS CERTIFICATE IS NOT TRANSFERABLE.

Appears in 2 contracts

Samples: Trust Agreement (Mellon Financial Corp), Trust Agreement (Mellon Financial Corp)

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Ownership of Common Securities by Depositor. At the initial ------------------------------------------- Closing Date, and at any subsequent Closing Dates, the Depositor shall acquire and retain beneficial and record ownership of the Common Securities. To the fullest extent permitted by law, other than a transfer in connection with a consolidation consolidation, conversion or merger of the Depositor into another Person, or any conveyance, transfer or lease by the Depositor of its properties and assets substantially as an entirety to any Person Person, pursuant to Section 8.1 Article Eleven of the Base Indenture, any attempted transfer of the Common Securities other than to a direct or indirect subsidiary of the Depositor shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating “EXCEPT AS PROVIDED IN THE TRUST AGREEMENT (AS DEFINED BELOW), "THIS CERTIFICATE IS NOT TRANSFERABLE."

Appears in 2 contracts

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

Ownership of Common Securities by Depositor. At the Closing Date, the Depositor shall acquire and retain beneficial and record ownership of the Common Securities. To the fullest extent permitted by law, other than a transfer in connection with a consolidation or merger of the Depositor into another Person, or any conveyance, transfer or lease by the Depositor of its properties and assets substantially as an entirety to any Person pursuant to Section 8.1 of the Base Original Indenture, any attempted transfer of the Common Securities other than to a direct or indirect subsidiary of the Depositor shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating “EXCEPT AS PROVIDED IN THE TRUST AGREEMENT (AS DEFINED BELOW), THIS CERTIFICATE IS NOT TRANSFERABLE.

Appears in 1 contract

Samples: Trust Agreement (State Street Corp)

Ownership of Common Securities by Depositor. At On the Closing Date, the Depositor shall acquire acquire, and retain thereafter retain, beneficial and record ownership of the Common Securities. To the fullest extent permitted by law, other than a transfer in connection with a consolidation or merger of the Depositor into another Personcorporation, or any conveyance, transfer or lease by the Depositor of its properties and assets substantially as an entirety to any Person Person, pursuant to Section 8.1 Article 5 of the Base Indenture, any attempted transfer of the Common Securities other than to a direct or indirect subsidiary of the Depositor shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating “THIS CERTIFICATE IS NOT TRANSFERABLE EXCEPT AS PROVIDED IN THE TRUST AGREEMENT (AS DEFINED BELOW), THIS CERTIFICATE IS NOT TRANSFERABLEREFERRED TO HEREIN”.

Appears in 1 contract

Samples: Trust Agreement (Radian Group Capital Trust II)

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