Persons Eligible for Appointment as Trustee. The Trustee shall at all times be a corporation or banking association having a combined capital and surplus of at least $50,000,000. If such corporation or banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then, for the purposes of this Section 7.09, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10.
Appears in 9 contracts
Samples: Indenture (Freeport McMoran Copper & Gold Inc), Indenture (McMoran Exploration Co /De/), Indenture (Xoma LTD /De/)
Persons Eligible for Appointment as Trustee. The Trustee shall at all times be a corporation or banking association having a combined capital and surplus of at least $50,000,00010,000,000. If such corporation or banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then, for the purposes of this Section 7.09, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10.
Appears in 5 contracts
Samples: Indenture (Finisar Corp), Indenture (Regeneron Pharmaceuticals Inc), Indenture (Osi Pharmaceuticals Inc)
Persons Eligible for Appointment as Trustee. The Trustee shall at all times be a corporation or banking association having a combined capital and surplus of at least $50,000,000. If such corporation or banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then, for the purposes of this Section 7.09Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10.
Appears in 5 contracts
Samples: Universal Health Services Inc, Omnicom Group Inc, Omnicom Capital Inc
Persons Eligible for Appointment as Trustee. The Trustee shall at all times be a corporation or banking association having a combined capital and surplus of at least $50,000,00010,000,000. If such corporation or banking association publishes files reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then, for the purposes of this Section 7.09, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so publishedfiled. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10.
Appears in 5 contracts
Samples: Indenture (PRG Schultz International Inc), Indenture (PRG Schultz International Inc), Indenture (Profit Recovery Group International Inc)
Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association having a combined capital and surplus of at least $50,000,000. If such corporation or banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then, then for the purposes of this Section 7.09Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.106.10.
Appears in 3 contracts
Samples: Indenture (Universal Health Realty Income Trust), Indenture (Universal Health Services Inc), Indenture (Universal Health Services Inc)
Persons Eligible for Appointment as Trustee. The Trustee hereunder shall at all times be a corporation or banking association which complies with the requirements of the Trust Indenture Act, having a combined capital and surplus of at least $50,000,000. If such corporation or banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authorityauthority to which it is subject, then, then for the purposes of this Section 7.09Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.107.09.
Appears in 2 contracts
Samples: Grupo TMM Sa, TMM Holdings
Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association having a combined capital and surplus of at least $50,000,000. If such corporation or banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then, then for the purposes of this Section 7.09Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.106.10.
Appears in 2 contracts
Samples: Indenture (Emerson Electric Co), Indenture (Emerson Electric Co)
Persons Eligible for Appointment as Trustee. The Trustee hereunder shall at all times be a corporation or banking association which complies with the requirements of the Trust Indenture Act, having a combined capital and surplus of at least $50,000,0005,000,000. If such corporation or banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then, then for the purposes of this Section 7.09Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.107.08.
Appears in 2 contracts
Samples: Eli Lilly (Lilly Eli & Co), Beneficial Corp
Persons Eligible for Appointment as Trustee. The Trustee shall at all times be a corporation or banking association having a combined capital and surplus of at least $50,000,000. If such corporation or banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then, for the purposes of this Section 7.09, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10.
Appears in 1 contract
Samples: McMoran Exploration Co /De/
Persons Eligible for Appointment as Trustee. The Trustee hereunder shall at all times be a corporation or banking association which complies with the requirements of the Trust Indenture Act, having a combined capital and surplus of at least $50,000,000. If such corporation or banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then, then for the purposes of this Section 7.09Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.1010.8.
Appears in 1 contract
Samples: Trust Indenture (Dynegy Inc /Il/)
Persons Eligible for Appointment as Trustee. The ------------------------------------------- Trustee shall at all times be a corporation or banking association having a combined capital and surplus of at least $50,000,00010,000,000. If such corporation or banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then, for the purposes of this Section 7.09, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10.
Appears in 1 contract
Samples: Asyst Technologies Inc /Ca/
Persons Eligible for Appointment as Trustee. The Trustee shall at all times be a corporation or banking association having a combined capital and surplus of at least $50,000,000. If such corporation or banking association publishes files reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then, for the purposes of this Section 7.096.09, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so publishedfiled. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.096.09, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.106.10.
Appears in 1 contract
Samples: Gillette Co
Persons Eligible for Appointment as Trustee. The Trustee hereunder shall at all times be a corporation or banking association which complies with the requirements of the Trust Indenture Act, having a combined capital and surplus of at least $50,000,00025,000,000. If such corporation or banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid a supervising or examining authority, then, then for the purposes of this Section 7.097.08, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.097.08 or the Trust Indenture Act, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.107.09.
Appears in 1 contract
Samples: Eli Lilly Services (Lilly Eli & Co)
Persons Eligible for Appointment as Trustee. The Trustee shall at all times be a corporation or banking association having a combined capital and surplus of at least $50,000,000. If such corporation or banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then, for the purposes of this Section 7.09Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10.. ----
Appears in 1 contract
Persons Eligible for Appointment as Trustee. The Trustee ------------------------------------------- shall at all times be a corporation or banking association having a combined capital and surplus of at least $50,000,00010,000,000. If such corporation or banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then, for the purposes of this Section 7.09, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10.
Appears in 1 contract
Samples: Resmed Inc
