Common use of The Trust Securities Certificates Clause in Contracts

The Trust Securities Certificates. The Trust Securities Certificates shall be issued in multiples of $__ and shall be executed on behalf of the Trust by manual signature of at least one Administrative Trustee. Subject to Section 5.3(b), Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign 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 Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Securityholder, and shall be entitled to the rights and subject to the obligations of a Securityholder hereunder, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.4, Section 5.11 and Section 5.13.

Appears in 2 contracts

Samples: Trust Agreement (Partnerre LTD), Trust Agreement (Partnerre LTD)

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The Trust Securities Certificates. The Trust Securities Certificates shall be issued in multiples denominations of $__ 25 Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Trust by manual signature of at least one Administrative Trustee. Subject to Section 5.3(b), Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign 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 Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Securityholder, and shall be entitled to the rights and subject to the obligations of a Securityholder hereunder, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.4, Section 5.11 and Section 5.135.04 or 5.11.

Appears in 2 contracts

Samples: Trust Agreement (Tu Electric Capital I), Trust Agreement (Tu Electric Capital Ii)

The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $__ 1,000 and shall be executed on behalf of the Issuer Trust by manual signature of at least one Administrative TrusteeAdministrator except as provided in Section 5.3. Subject to Section 5.3(b), Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer 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 Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a SecurityholderHolder, and shall be entitled to the rights and subject to the obligations of a Securityholder Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.4, Section 5.11 and Section 5.135.5.

Appears in 1 contract

Samples: Trust Agreement (First Empire Capital Trust I)

The Trust Securities Certificates. The Trust Each of the Preferred and Common Securities Certificates shall be issued in multiples minimum denominations of $______ and integral multiples in excess thereof. The Common Securities Certificates shall be executed on behalf of the Trust by manual signature of at least one Administrative Trustee. Subject to Section 5.3(b), The Preferred Securities Certificates shall be executed on behalf of the Trust by manual or facsimile signature of at least one Administrative Trustee. Trust Securities Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign 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 authentication, if applicable, and delivery of such Trust Securities Certificates or did not hold such offices at the date of authentication, if applicable, and delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Securityholder, and shall be entitled to the rights and subject to the obligations of a Securityholder hereunder, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.4, Section 5.11 and Section 5.135.04.

Appears in 1 contract

Samples: Trust Agreement (Defs Capital Trust I)

The Trust Securities Certificates. (a) The Trust Preferred Securities Certificates shall be issued in multiples of $__ and fully registered form. The Trust Securities Certificates shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrative TrusteeAdministrator. Subject to Section 5.3(b), Trust Securities Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer 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 Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a SecurityholderHolder, and shall be entitled to the rights and subject to the obligations of a Securityholder Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.4, Section 5.11 and Section 5.135.5.

Appears in 1 contract

Samples: Trust Agreement (First Citizens Bancshares Inc /De/)

The Trust Securities Certificates. The Trust Securities Certificates shall be issued in multiples denominations of $__ 25 Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Trust by manual signature of at least one Administrative Trustee. Subject to Section 5.3(b), Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign 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 Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Securityholder, and shall be entitled to the rights and subject to the obligations of a Securityholder hereunder, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.4, 5.04 or 5.11. Section 5.11 and Section 5.135.03.

Appears in 1 contract

Samples: Trust Agreement (Tu Electric Capital Iii)

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The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $__ and fully registered form. The Trust Securities Certificates shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrative Trustee. Subject to Section 5.3(b), Trust Securities Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer 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 Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a SecurityholderHolder, and shall be entitled to the rights and subject to the obligations of a Securityholder Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee's ’s name pursuant to Section 5.4, Section 5.11 and Section 5.135.5.

Appears in 1 contract

Samples: Trust Agreement (FFBC Capital Trust I)

The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $__ and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrative TrusteeAdministrator. Subject to Section 5.3(b), Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer 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 Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a SecurityholderHolder, and shall be entitled to the rights and subject to the obligations of a Securityholder Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.4, Section 5.11 and Section 5.135.5.

Appears in 1 contract

Samples: Agreement (Pxre Capital Trust Iv)

The Trust Securities Certificates. The (a) Subject to the provisions of Section 5.3 of this Agreement, the Trust Securities Certificates shall be issued in multiples of $__ and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrative TrusteeAdministrator. Subject to Section 5.3(b), Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement (subject to the authentication requirements of the Trust Agreement), notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a SecurityholderHolder, and shall be entitled to the rights and subject to the obligations of a Securityholder Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.4, Section 5.11 and Section 5.135.5.

Appears in 1 contract

Samples: Trust Agreement (Northeast Bancorp /Me/)

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