Persons Deemed Securityholders. The Trustees, the Paying Agent and the Securities Registrar shall treat the Person in whose name any Trust Securities Certificate shall be registered in the Securities Register as the owner of such Trust Securities Certificate for the purpose of receiving Distributions and for all other purposes whatsoever, and neither the Trustees nor the Securities Registrar shall be bound by any notice to the contrary. Nothing in this provision shall be construed to prevent the Owners from having an undivided beneficial interest in the assets of the Trust.
Appears in 5 contracts
Samples: Trust Agreement (Southwestern Electric Power Co), Trust Agreement (Southwestern Electric Power Co), Trust Agreement (Public Service Co of Oklahoma)
Persons Deemed Securityholders. The Trustees, the Paying Agent and Property Trustee or the Securities Registrar shall treat the Person in whose name any Trust Preferred Securities Certificate shall be registered in the Securities Register as the owner of such Trust Preferred Securities Certificate for the purpose of receiving Distributions distributions and for all other purposes whatsoever, and neither the Property Trustees nor the Securities Registrar shall be bound by any notice to the contrary. Nothing in this provision shall be construed to prevent the Owners from having an undivided beneficial interest in the assets of the Trust.
Appears in 4 contracts
Samples: Trust Agreement (Teco Energy Inc), Trust Agreement (Teco Capital Trust Iii), Trust Agreement (Teco Capital Trust Iii)
Persons Deemed Securityholders. 22 28 The Trustees, the Paying Agent and the Securities Registrar shall treat the Person in whose name any Trust Securities Certificate shall be registered in the Securities Register as the owner of such Trust Securities Certificate for the purpose of receiving Distributions and for all other purposes whatsoever, and neither the Trustees nor the Securities Registrar shall be bound by any notice to the contrary. Nothing in this provision shall be construed to prevent the Owners from having an undivided beneficial interest in the assets of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Ibc Capital Finance), Trust Agreement (Ibc Capital Finance)
