Common use of Trust Securities Certificates Clause in Contracts

Trust Securities Certificates. (a) The Preferred Securities Certificates shall be issued only in minimum denominations of $25.00 Liquidation Amount (which is equivalent to One Preferred Security) and integral multiples of $[ ] in excess thereof, and the Common Securities Certificates shall be issued in denominations of $25.00 Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Trust by the 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 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 Sections 5.04, 5.05 and 5.06.

Appears in 4 contracts

Samples: Trust Agreement (Bancorpsouth Inc), Trust Agreement (Bancorpsouth Inc), Trust Agreement (Bancorpsouth Inc)

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Trust Securities Certificates. (a) The Preferred Securities Certificates shall be issued only in minimum denominations of $25.00 [__] Liquidation Amount (which is equivalent to One Preferred Security) and integral multiples of $[ [__] in excess thereof, and the Common Securities Certificates shall be issued in minimum denominations of $25.00 [__] Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Trust by the manual or facsimile signature of at least one Administrative Regular 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 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 Sections 5.045.4, 5.05 5.11 and 5.065.13.

Appears in 3 contracts

Samples: Trust Agreement (Sce Trust I), Trust Agreement (Sce Trust I), Trust Agreement (Sce Trust I)

Trust Securities Certificates. (a) The Preferred Securities Certificates shall be issued only in minimum denominations of $25.00 25 Liquidation Amount (which is equivalent to One Preferred Security) and integral multiples of $[ ] 25 in excess thereof, and the Common Securities Certificates shall be issued in minimum denominations of $25.00 25 Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Trust by the manual or facsimile signature of at least one Administrative Regular 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 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 Sections 5.045.4, 5.05 5.11 and 5.065.13.

Appears in 1 contract

Samples: Trust Agreement (Eix Trust Iii)

Trust Securities Certificates. (a) The Preferred Securities Certificates shall be issued only in minimum denominations of $25.00 25 Liquidation Amount (which is equivalent to One Preferred Security) and integral multiples of $[ ] 25 in excess thereof, and the Common Securities Certificates shall be issued in minimum denominations of $25.00 25 Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Trust by the manual or facsimile signature of at least one Administrative Regular Trustee. Trust Securities Certificates bearing the manual or facsimile signatures ignatures 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 Sections 5.045.4, 5.05 5.11 and 5.065.13.

Appears in 1 contract

Samples: Guarantee Agreement (Edison International)

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Trust Securities Certificates. (a) The Preferred Securities Certificates shall be issued only in minimum denominations of $25.00 the Liquidation Amount (which is equivalent to One Preferred Security) and integral multiples of $[ ] such Liquidation Amount in excess thereof, and the Common Securities Certificates shall be issued in denominations of $25.00 the Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Trust by the 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 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 Sections 5.04, 5.05 504 and 5.06511.

Appears in 1 contract

Samples: Trust Agreement (Independent Capital Trust)

Trust Securities Certificates. (a) The Preferred Capital Securities Certificates shall be issued only in minimum denominations of $25.00 100,000 Liquidation Amount (which is equivalent to One Preferred Security100 Capital Securities) and integral multiples of $[ ] 1,000 in excess thereof, and the Common Securities Certificates shall be issued in denominations of $25.00 1,000 Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Trust by the 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 AgreementDeclaration of Trust, 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 Sections 5.04, 5.05 and 5.06.

Appears in 1 contract

Samples: Highlands Capital Trust I

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