Common use of The Trust Estate Clause in Contracts

The Trust Estate. The Depositor hereby assigns, transfers, conveys and sets over to the Trustees the sum of $10. The Trustees hereby acknowledge receipt of such amount in trust from the Depositor, which amount shall constitute the initial trust estate. The Trustees hereby declare that they will hold the trust estate in trust for the benefit of the holders of the Preferred Securities (as defined below). It is the intention of the parties hereto that the Trust created hereby constitute a business trust under Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. ss. 3801 et seq. (the "BUSINESS TRUST ACT"), and that this document constitute the governing instrument of the Trust. The Trustees are hereby authorized and directed to execute and file a certificate of trust with the Delaware Secretary of State in accordance with the provisions of the Business Trust Act.

Appears in 3 contracts

Samples: Trust Agreement (Teco Capital Trust Iii), Trust Agreement (Teco Capital Trust Iii), Trust Agreement (Teco Capital Trust Iii)

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The Trust Estate. The Depositor hereby xxreby assigns, transfers, conveys and sets over to the Trustees Trustee the sum of Ten and No/100 Dollars ($1010.00). The Trustees Trustee hereby acknowledge acknowledges receipt of such amount in trust from the Depositor, which amount shall constitute the initial trust estate. The Trustees Trustee hereby declare declares that they it will hold the trust estate in trust for the benefit of the holders of the Preferred Securities (as defined below)Depositor. It is the intention of the parties hereto that the Trust created hereby constitute a business trust under Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. ss. 3801 et seq. (the "BUSINESS TRUST ACTBusiness Trust Act"), and that this document constitute the governing instrument of the Trust. The Trustees are Trustee is hereby authorized and directed to execute and file a certificate of trust with the Delaware Secretary of State substantially in accordance with the provisions of form attached hereto or in such other form as the Business Trust ActTrustee may approve.

Appears in 2 contracts

Samples: Trust Agreement (Compass Bancshares Inc), Trust Agreement (Compass Bancshares Inc)

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