Surrender of Corporation Powers. The Corporation by instrument in writing executed by authority of 2/3 (two-thirds) of its Board of Directors and delivered to the Debenture Trustee may surrender any of the powers reserved to the Corporation hereunder, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, and as to any successor Person.
Appears in 9 contracts
Samples: Indenture (Hamilton Capital Trust I), Indenture (Haven Bancorp Inc), Indenture (CNBF Capital Trust I)
Surrender of Corporation Powers. The Corporation by instrument in writing executed by appropriate authority of 2/3 (two-thirds) of its Board of Directors and delivered to the Debenture Trustee may surrender any of the powers reserved to the Corporation hereunderCorporation, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, and as to any successor Personcorporation.
Appears in 9 contracts
Samples: Indenture (American Community Bancshares Inc), Southern Community Financial Corp, Metropolitan Financial Corp /Oh/
Surrender of Corporation Powers. The Corporation by instrument in writing executed by authority of 2/3 (two-thirds) of its Board of Directors and delivered to the Debenture Trustee may surrender any of the powers reserved to the Corporation hereunderCorporation, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, and as to any successor Person.
Appears in 7 contracts
Samples: Indenture (Webster Capital Trust Ii), Indenture (Commerce Capital Trust Ii), Satisfaction And (Mainstreet Bankgroup Inc)
Surrender of Corporation Powers. The Corporation by instrument in writing executed by authority of 2/3 (two-thirds) of its Board of Directors and delivered to the Debenture Trustee may surrender any of the powers reserved to the Corporation hereunder, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, and as to any successor Person.
Appears in 3 contracts
Samples: Indenture (Flushing Financial Corp), Indenture (Flushing Financial Corp), Indenture (State Bancorp Inc)
Surrender of Corporation Powers. The Corporation by instrument in writing executed by authority of 2/3 (two-two- thirds) of its Board of Directors and delivered to the Debenture Trustee may surrender any of the powers reserved to the Corporation hereunder, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, and as to any successor Person.
Appears in 2 contracts
Samples: Indenture (Westbank Capital Trust I), Indenture (Greater Bay Bancorp)
Surrender of Corporation Powers. The Corporation by instrument in writing executed by authority of 2/3 (two-thirds) of its Board of Directors and delivered to the Debenture Trustee may surrender any of the powers reserved to the Corporation hereunderCorporation, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, and as to any successor Person.
Appears in 2 contracts
Samples: Indenture (First Commonwealth Financial Corp /Pa/), Peoples Heritage Financial Group Inc
Surrender of Corporation Powers. The Corporation by instrument in writing executed by authority of 2/3 (two-thirds) of its Board of Directors and delivered to the Debenture Debt Trustee may surrender any of the powers reserved to the Corporation hereunderCorporation, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, and as to any successor Personcorporation.
Appears in 2 contracts
Samples: Indenture (General Motors Corp), Indenture (General Motors Capital Trust D)
Surrender of Corporation Powers. The Corporation by instrument in writing executed by authority of 2/3 (two-thirds) of its Board of Directors and delivered to the Debenture Trustee may surrender any of the powers reserved to the Corporation hereunder, and thereupon such power so surrendered shall terminate both as to TO the Corporation, as the case may be, and as to any successor Person.
Appears in 1 contract
Samples: Indenture (Nara Bancorp Inc)
Surrender of Corporation Powers. 51 61 The Corporation by instrument in writing executed by appropriate authority of 2/3 (two-thirds) of its Board of Directors and delivered to the Debenture Trustee may surrender any of the powers reserved to the Corporation hereunderCorporation, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, and as to any successor Personcorporation.
Appears in 1 contract
Samples: Metropolitan Capital Trust I
Surrender of Corporation Powers. 53 63 The Corporation by instrument in writing executed by appropriate authority of 2/3 (two-thirds) of its Board of Directors and delivered to the Debenture Trustee may surrender any of the powers reserved to the Corporation hereunderCorporation, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, and as to any successor Personcorporation.
Appears in 1 contract
Samples: Metropolitan Financial Corp /Oh/
Surrender of Corporation Powers. The Corporation by instrument in writing executed by authority of 2/3 (two-thirds) two- thirds of its Board of Directors and delivered to the Debenture Trustee may surrender any of the powers reserved to the Corporation hereunderCorporation, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, Corporation and as to any successor Personcorporation.
Appears in 1 contract
Samples: Indenture (Joy Global Inc)
