Common use of The Securities Certificates Clause in Contracts

The Securities Certificates. (a) The Preferred Securities Certificates shall be issued in minimum denominations of one hundred thousand dollars ($100,000) Liquidation Amount and integral multiples of one thousand dollars ($1,000) in excess thereof, and the Common Securities Certificates shall be issued in minimum denominations of ten thousand dollars ($10,000) Liquidation Amount and integral multiples of one thousand dollars ($1,000) in excess thereof. The Securities Certificates shall be executed on behalf of the Trust by manual or facsimile signature of at least one Administrative Trustee. Securities Certificates bearing the signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign such Securities Certificates on behalf of the Trust shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Securities Certificates or did not have such authority at the date of delivery of such Securities Certificates.