Examples of Citigroup Trust in a sentence
Notwithstanding the foregoing, so long as the Holder of this Security is the Institutional Trustee of a Citigroup Trust, the payment of the principal of (and premium, if any) and interest on this Security will be made at such place and to such account as may be designated by such Institutional Trustee.] The Securities are not deposits or savings accounts.
If Securities of any series are to be issued as a Global Security in connection with the distribution of such Securities to the holders of the Preferred Securities of a Citigroup Trust upon a Dissolution Event with respect to such Citigroup Trust, the Company will use its best efforts to list such series of Securities on the New York Stock Exchange, Inc.
Notwithstanding the foregoing, so long as the Holder of all Securities of any series is the Institutional Trustee of any Citigroup Trust, the payment of the principal of and interest (including Compounded Interest and Additional Interest, if any) on Securities of such series will be made at such place and to such account as may be designated by the Institutional Trustee.
Notwithstanding any payments made to such holder of Trust Securities by the Company in connection with a Direct Action, the Company shall remain obligated to pay the principal of or interest on the series of Securities held by a Citigroup Trust or the Institutional Trustee of a Citigroup Trust, and the Company shall be subrogated to the rights of the holder of such Trust Securities to the extent of any payments made by the Company to such holder in any Direct Action.
The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, including, without limitation, Securities acquired by the Company upon an Exchange pursuant to the Declaration of the applicable Citigroup Trust, and all Securities so delivered shall be promptly cancelled by the Trustee.