Common use of Additional Sums Clause in Contracts

Additional Sums. So long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: (a) the Issuer Trust is the Holder of all of the Outstanding Securities, and (b) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trust, the Company shall pay the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in the Trust Agreement)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 9 contracts

Samples: Allegiant Capital Trust I, American Bancshares Inc \Fl\, Mason Dixon Capital Trust Ii

AutoNDA by SimpleDocs

Additional Sums. So long as no Event of Default has occurred If and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: (a) the Issuer Trust is the Holder of all of the Outstanding Securities, and (b) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trust, the Company shall pay the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) a trustee of the Trust is the registered holder of the Outstanding Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in all Debentures and the Trust Agreementis required to pay any additional taxes (excluding withholding taxes)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced , duties, assessments or other governmental charges as a result of a Tax Event, then the Company will pay such Additional Taxes additional amounts (the "Additional Sums") on the Debentures as shall be required so that the net amounts received and retained by the Trust after paying such taxes (excluding withholding taxes), duties, assessments or other governmental charges will be equal to the amounts the Trust would have received if no such taxes (excluding withholding taxes), duties, assessments or other governmental charges had been imposed. Whenever in this Indenture or the Securities Debentures there is a reference in any context to the payment of principal of or interest on the SecuritiesDebentures, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest during an Extension Period pursuant to Section 3.12 or the Securities 2.11 shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 6 contracts

Samples: Indenture (James River Group, INC), Indenture (Tower Group, Inc.), Indenture (Fpic Insurance Group Inc)

Additional Sums. So long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the Issuer Trust is the Holder of all of the Outstanding Securities, and (bii) a Tax Event described in clause (ai) or (ciii) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trust, the Company shall pay the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 6 contracts

Samples: Pfbi Capital Trust, Sun Capital Trust, Gold Banc Corp Inc

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional SumsADDITIONAL SUMS"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or on the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 5 contracts

Samples: Southern Bancshares Nc Inc, Fidbank Capital Trust I, Fidelity Bancshares Nc Inc /De/

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (ai) or (ciii) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 5 contracts

Samples: First Empire Capital Trust Ii, Jbi Capital Trust I, Aici Capital Trust

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor successors or assigneeassigns) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred its Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or on the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 4 contracts

Samples: Community Financial Holding Co Inc, Assuranceamerica Corp, Southern Community Bancshares Inc /Ga

Additional Sums. So long as no Event of Default has occurred If and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: (a) the Issuer Trust is the Holder of all of the Outstanding Securities, and (b) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trust, the Company shall pay the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in all Debentures and the Trust Agreementis required to pay any additional taxes (excluding withholding taxes)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced , duties, assessments or other governmental charges as a result of any amendment to or change in law or regulations thereunder, an Administrative Action (as referred to in the definition of Tax Event in Section 1.1) or a judicial decision, in each case enacted, promulgated or announced on or after the date of original issuance of the Debentures, then the Company will pay such Additional Taxes additional amounts (the "Additional Sums") on the Debentures as shall be required so that the net amounts received and retained by the Trust after paying such taxes (excluding withholdings taxes), duties, assessments or other governmental charges will be equal to the amounts the Trust would have received if no such taxes (excluding withholding taxes), duties, assessments or other governmental charges had been imposed. Whenever in this Indenture or the Securities Debentures there is a reference in any context to the payment of principal of or interest on the SecuritiesDebentures, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest during an Extension Period pursuant to Section 3.12 or the Securities 2.11 shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 4 contracts

Samples: Indenture (Penn America Group Inc), Indenture (Procentury Corp), Indenture (Tower Group, Inc.)

Additional Sums. So long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: In the event that (a) the Issuer Trust Property Trustee is the Holder of all of the Outstanding SecuritiesDebentures, and (b) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer TrustTrust shall have occurred and be continuing and (c) the Company shall not have (i) redeemed the Debentures pursuant to Section 11.7 or 11.8 or (ii) dissolved the Trust pursuant to Section 9.2(b) of the Trust Agreement, the Company shall pay to the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) is the registered holder Holder of the Outstanding SecuritiesDebentures, such additional sums amounts as may be necessary in order that the amount of Distributions distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance accord with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities Debentures there is a reference in any context to the payment of principal of (or premium, if any) or interest on the SecuritiesDebentures, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Capital Senior Living Corp), Trust Agreement (Ilm Senior Living Inc /Va), Trust Agreement (Ilm Ii Senior Living Inc /Va)

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be maybe necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred related Capital Securities and Common Securities that at any time anytime remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or on the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 3 contracts

Samples: Equitable Resources Capital Trust I, Equitable Resources Inc /Pa/, Equitable Resources Capital Trust I

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company Corporation shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event; provided, however, that Additional Sums shall not include any withholding taxes arising after the occurrence of a Tax Event and which have been withheld from payments to Holders of Trust Securities and for which Holders are liable (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 3 contracts

Samples: Bb&t Capital Trust I, State Street Boston Corp, Cullen Frost Capital Trust I

Additional Sums. So In the case of the Debt Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1301, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesDebt Securities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesDebt Securities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred related Capital Trust Securities and Common Trust Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event; provided, however, that Additional Sums shall not include any withholding taxes arising after the occurrence of a Tax Event and which have been withheld from payments to Holders of Trust Securities and for which Holders are liable (the "Additional Sums"). Whenever in this Indenture or the Debt Securities there is a reference in any context to the payment of principal of or interest on the Debt Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 313 or the Debt Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 3 contracts

Samples: Indenture (Wells Fargo Capital Iv), Indenture (Popular Inc), South Financial Group Inc

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company Corporation shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 3 contracts

Samples: Dime Capital Trust Ii, Northern Trust Corp, NTC Capital Iii

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or on the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 3 contracts

Samples: Indenture (FCB/Sc Capital Trust I), FCB Nc Capital Trust I, City Holding Capital Trust Ii

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (ai) or (ciii) of the definition of the term "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or on the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 3 contracts

Samples: First Empire Capital Trust I, First Empire Capital Trust Ii, First Empire State Corp

Additional Sums. So long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1continuing, if: in the event that (ai) the Issuer Trust is the Holder of all of the Outstanding Securities, and (bii) a Tax Event described in clause shall have occurred and be continuing and (aiii) the Company shall not have (A) redeemed the Securities pursuant to Section 11.7(b) or (cB) terminated the Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer TrustTrust Agreement, the Company shall pay to the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding any Securities, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer Trust on the Trust Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 3.10 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 3 contracts

Samples: First Interstate Bancsystem of Montana Inc, Fib Capital Trust, Fib Capital Trust

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding Securities, Securities of such series and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company Corporation shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the related Trust Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 3 contracts

Samples: Scana Corp, South Carolina Electric & Gas Co, Scana Corp

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (ai) or (ciii) of in the definition of "Tax Event" Event in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company Corporation shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or on the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 3 contracts

Samples: Indenture (Everest Re Capital Trust Iii), Everest Re Group LTD, Everest Re Capital Trust

Additional Sums. So long as no Event of Default has occurred If and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: (a) the Issuer Trust is the Holder of all of the Outstanding Securities, and (b) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trust, the Company shall pay the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) is the registered holder --------------- of the Outstanding Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in all Debentures and the Trust Agreement)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at is required to pay any time remain outstanding in accordance with the terms thereof shall not be reduced additional taxes, duties, assessments or other governmental charges as a result of a Tax Event, the Company will pay such Additional Taxes additional amounts (the "Additional Sums")) on the Debentures --------------- as shall be required so that the net amounts received and retained by the Trust after paying taxes, duties, assessments or other governmental charges will be equal to the amounts the Trust would have received if no such taxes, duties, assessments or other governmental charges had been imposed. Whenever in this Indenture or the Securities Debentures there is a reference in any context to the payment of principal of or interest on the SecuritiesDebentures, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, -------- ------- that the deferral of the payment of interest during an Extension Period pursuant to Section 3.12 or the Securities 2.11 shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 3 contracts

Samples: Indenture (Prosperity Bancshares Inc), Indenture (Alabama National Bancorporation), Indenture (New South Bancshares Inc)

Additional Sums. So In the case of the Securities of a series issued to a Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer a Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such Trust shall have occurred and be continuing and (aiii) the Company shall not have (A) redeemed the Securities of such series pursuant to Section 11.7(b) or (cB) terminated such Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 3.11 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 3 contracts

Samples: J P Morgan Chase & Co, Chase Capital Iii, J P Morgan Chase & Co

Additional Sums. So In the case of the Securities of a series issued to an HL&P Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer an HL&P Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described or an Investment Company Act Event in clause respect of such HL&P Trust shall have occurred and be continuing and (aiii) the Company shall not have (A) redeemed the Securities of such series pursuant to Section 11 and the applicable supplemental indenture or (cB) terminated such HL&P Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such HL&P Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such HL&P Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such HL&P Trust on the Preferred related Preference Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or 3.11 on the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Hl&p Capital Trust I, Hl&p Capital Trust Iv

Additional Sums. So In the case of the Securities of a series issued to a Mellon Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer a Mellon Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described or a Capital Treatment Event in clause respect of such Mellon Trust shall have occurred and be continuing and (aiii) the Company shall not have (A) redeemed the Securities of such series pursuant to Section 11.7(b) or (cB) terminated such Mellon Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such Mellon Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such Mellon Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such Mellon Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 3.11 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Mellon Capital Iii, Mellon Bank Corp

Additional Sums. So long as no Event In the case of Default has occurred and is continuing and Securities of a series issued to an ACE Trust, except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer such ACE Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such ACE Trust shall have occurred and be continuing and (aiii) the Company shall not have (i) redeemed the Securities of such series pursuant to Section 11.8 or (cii) terminated such ACE Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such ACE Trust (and its permitted successors or assigns under the related Trust Agreement) ), for so long as the Issuer such ACE Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in the Trust Agreement)) then due and payable by the Issuer such ACE Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference mentioned, in any context to context, the payment of the principal of or any premium or interest on, or in respect of, any Security of any series or any Coupon or the net proceeds received on the Securitiessale or exchange of any Security of any series, such mention shall be deemed to include mention of the payments payment of the Additional Sums provided for in this paragraph by the terms of such series established hereby or pursuant hereto to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph such terms, and express mention of the payment of Additional Sums (if applicable) in any provisions provision hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 3.11 or the terms of the applicable Securities shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 2 contracts

Samples: Ace LTD, Ace Ina Holdings Inc

Additional Sums. So In the case of the Securities of a series issued to a SVB Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer such SVB Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such SVB Trust shall have occurred and be continuing and (aiii) the Company shall not have (A) redeemed the Securities of such series pursuant to Section 11.7 or (cB) terminated such SVB Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such SVB Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such SVB Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such SVB Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "β€œAdditional Sums"”). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, . Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 3.11 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Silicon Valley Bancshares, Silicon Valley Bancshares

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company Corporation shall pay the to such Issuer Trust (and or its permitted successors or assigns successor under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assigneesuccessor) is the registered holder of the Outstanding Securities of such series, together with any payment of principal of (or premium, if any) or interest (including any Additional Interest) on such Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on in respect of the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of (or premium, if any) or interest (including any Additional Interest) on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph paragraph, and any express mention of the payment of Additional Sums (if applicable) in any provisions provision hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the terms of the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Indenture (Centura Banks Inc), Colonial Bancgroup Inc

Additional Sums. So In the case of the Securities of a series issued to a Compass Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer such Compass Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, (ii) a Special Event in respect of such Compass Trust shall have occurred and be continuing and (biii) a Tax Event described in clause the Company shall not have (aA) redeemed the Securities of such series pursuant to Section 11.7(b) or (cB) terminated such Compass Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such Compass Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such Compass Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such Compass Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 3.11 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Compass Bancshares Inc, Compass Trust Iii

Additional Sums. So In the case of the Securities of a series issued to a PMI Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer a PMI Trust is the Holder of all of the Outstanding Securities, Securities of such series and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustsuch PMI Trust shall have occurred and be continuing, the Company shall pay the Issuer to such PMI Trust (and its permitted successors or assigns under the related Trust Agreement) as Holder of the Securities of such series for so long as the Issuer such PMI Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable paid by the Issuer such PMI Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Pmi Capital I, Pmi Group Inc

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional SumsADDITIONAL SUMS"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; providedPROVIDED, howeverHOWEVER, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Indenture (Seacoast Financial Services Corp), Seacoast Financial Services Corp

Additional Sums. So long as no Event In the case of Default has occurred and is continuing and Securities of a series issued to an Assured Guaranty Trust, except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer such Assured Guaranty Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such Assured Guaranty Trust shall have occurred and be continuing and (aiii) the Company shall not have (i) redeemed the Securities of such series pursuant to Section 11.8 or (cii) terminated such Assured Guaranty Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such Assured Guaranty Trust (and its permitted successors or assigns under the related Trust Agreement) ), for so long as the Issuer such Assured Guaranty Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in the Trust Agreement)) then due and payable by the Issuer such Assured Guaranty Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "β€œAdditional Sums"”). Whenever in this Indenture or the Securities there is a reference mentioned, in any context to context, the payment of the principal of or any premium or interest on, or in respect of, any Security of any series or any Coupon or the net proceeds received on the Securitiessale or exchange of any Security of any series, such mention shall be deemed to include mention of the payments payment of the Additional Sums provided for in this paragraph by the terms of such series established hereby or pursuant hereto to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph such terms, and express mention of the payment of Additional Sums (if applicable) in any provisions provision hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 3.11 or the terms of the applicable Securities shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 2 contracts

Samples: Assured Guaranty (Assured Guaranty US Holdings Inc.), Assured Guaranty LTD

Additional Sums. So In the case of the Securities of a series issued to an FBS Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer such FBS Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such FBS Trust shall have occurred and be continuing and (aiii) the Company shall not have (A) redeemed the Securities of such series pursuant to Section 11.7(b) or (cB) terminated such FBS Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such FBS Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such FBS Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such FBS Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 3.11 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: First Bank System Inc, First Bank System Inc

Additional Sums. So In the case of the Securities of a series issued to a USF&G Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer a USF&G Trust is the Holder of all of the Outstanding Securities, Securities of such series and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustsuch USF&G Trust shall have occurred and be continuing, the Company shall pay the Issuer to such USF&G Trust (and its permitted successors or assigns under the related Trust Agreement) as Holder of the Securities of such series for so long as the Issuer such USF&G Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable paid by the Issuer such USF&G Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Agreement (Usf&g Corp), Trust Agreement (Usf&g Corp)

Additional Sums. So long as no Event of Default has occurred If and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: (a) the Issuer Trust is the Holder of all of the Outstanding Securities, and (b) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trust, the Company shall pay the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in all Debentures and the Trust Agreementis required to pay any additional taxes (excluding withholding taxes)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced , duties, assessments or other governmental charges as a result of any amendment to or change in law or regulations thereunder, an Administrative Action (as referred to in the definition of Tax Event in Section 1.1) or a judicial decision, in each case enacted, promulgated or announced on or after the date of original issuance of the Debentures, then the Company will pay such Additional Taxes additional amounts (the "Additional Sums") on the Debentures as shall be required so that the net amounts received and retained by the Trust after paying such taxes (excluding withholding taxes), duties, assessments or other governmental charges will be equal to the amounts the Trust would have received if no such taxes (excluding withholding taxes), duties, assessments or other governmental charges had been imposed. Whenever in this Indenture or the Securities Debentures there is a reference in any context to the payment of principal of or interest on the SecuritiesDebentures, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest during an Extension Period pursuant to Section 3.12 or the Securities 2.11 shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Indenture (American Physicians Capital Inc), Indenture (Donegal Group Inc)

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company Corporation shall pay the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the to such Issuer Trust (or its permitted successor under the related Declaration of Trust) for so long as such Issuer Trust (or assigneeits permitted successor) is the registered holder of the Outstanding Securities of such series, together with any payment of principal of (or premium, if any) or interest (including any Additional Interest) on such Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the Trust Agreementsuch Declaration of Trust)) then due and payable by the such Issuer Trust on in respect of the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of (or premium, if any) or interest (including any Additional Interest) on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph paragraph, and any express mention of the payment of Additional Sums (if applicable) in any provisions provision hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the terms of the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Bt Capital Trust B, Bt Preferred Capital Trust Iv

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Jeffbanks Inc, First Empire State Corp

Additional Sums. So long as no Event of Default has occurred If and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: (a) the Issuer Trust is the Holder of all of the Outstanding Securities, and (b) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trust, the Company shall pay the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) a trustee of the Trust is the registered holder of the Outstanding Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in all Debentures and the Trust Agreementis required to pay any additional taxes (excluding withholding taxes)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced , duties, assessments or other governmental charges as a result of any amendment to or change in law or regulations thereunder, an Administrative Action (as referred to in the definition of Tax Event in Section 1.1) or a judicial decision, in each case enacted, promulgated or announced on or after the date of original issuance of the Debentures, then the Company will pay such Additional Taxes additional amounts (the "Additional Sums") on the Debentures as shall be required so that the net amounts received and retained by the Trust after paying such taxes (excluding withholding taxes), duties, assessments or other governmental charges will be equal to the amounts the Trust would have received if no such taxes (excluding withholding taxes), duties, assessments or other governmental charges had been imposed. Whenever in this Indenture or the Securities Debentures there is a reference in any context to the payment of principal of or interest on the SecuritiesDebentures, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest during an Extension Period pursuant to Section 3.12 or the Securities 2.11 shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Indenture (Delphi Financial Group Inc/De), Pxre Group LTD

Additional Sums. So long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: In the event that (a) the Issuer Trust Property Trustee is the Holder of all of the Outstanding SecuritiesDebentures, and (b) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer TrustTrust shall have occurred and be continuing and (c) the Company shall not have (i) redeemed the Debentures pursuant to Section 11.7 or 11.8 or (ii) dissolved the Trust pursuant to Section 9.2(b) of the Trust Agreement, the Company shall pay to the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) is the registered holder Holder of the Outstanding SecuritiesDebentures, such additional sums amounts as may be necessary in order that the amount of Distributions distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance accord with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional SumsADDITIONAL SUMS"). Whenever in this Indenture or the Securities Debentures there is a reference in any context to the payment of principal of (or premium, if any) or interest on the SecuritiesDebentures, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, PROVIDED, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 3.11 or the Securities Debentures shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 2 contracts

Samples: Dayton Superior Capital Trust, Dura Automotive Systems Inc

Additional Sums. So In the case of the Securities of a series issued to a Citizens Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer a Citizens Trust is the Holder of all of the Outstanding Securities, Securities of such series and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustsuch Citizens Trust shall have occurred and be continuing, the Company shall pay the Issuer to such Citizens Trust (and its permitted successors or assigns under the related Trust Agreement) as Holder of the Securities of such series for so long as the Issuer such Citizens Trust (or its permitted successor or assignee) is the registered holder Holder of the Outstanding Securitiesany Securities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable paid by the Issuer such Citizens Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Indenture (Citizens Banking Corp), Citizens Funding Trust IV

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 201 or Section 3.1301, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause Clause (ai) or (ciii) of in the definition of "Tax Event" Event in Section 1.1 101 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in the Trust Agreement)Amounts) then due and payable by the such Issuer Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or 312 on the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Everest Re Group LTD, Everest Re Capital Trust Iii

Additional Sums. So In the case of the Securities of a series issued to a GBB Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer such GBB Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such GBB Trust shall have occurred and be continuing and (aiii) the Company shall not have (A) redeemed the Securities of such series pursuant to Section 11.7(b) or (cB) terminated such GBB Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such GBB Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such GBB Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such GBB Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 3.11 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Greater Bay Bancorp, GBB Capital I

Additional Sums. So long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the Issuer Trust is the Holder of all of the Outstanding Securities, and (bii) a Tax Event described in clause (ai) or (ciii) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trust, the Company shall pay the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for For so long as the Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Broad National Bancorporation, BNB Capital Trust

Additional Sums. So In the case of the Securities of a series issued to a BankAmerica Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer a BankAmerica Trust is the Holder of all of the Outstanding Securities, Securities of such series and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustsuch BankAmerica Trust shall have occurred and be continuing, the Company shall pay the Issuer to such BankAmerica Trust (and its permitted successors or assigns under the related Trust Agreement) as Holder of the Securities of such series for so long as the Issuer such BankAmerica Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable paid by the Issuer such BankAmerica Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Indenture (Bankamerica Corp/De/), Bankamerica Capital Viii

Additional Sums. So long as no Event of Default has occurred If and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: (a) the Issuer Trust is the Holder of all of the Outstanding Securities, and (b) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trust, the Company shall pay the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) a trustee of the Trust is the registered holder of the Outstanding Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in all Debentures and the Trust Agreementis required to pay any additional taxes (excluding withholding taxes)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced , duties, assessments or other governmental charges as a result of a Tax Event, then the Company will pay such Additional Taxes additional amounts ("ADDITIONAL SUMS") on the "Additional Sums"Debentures as shall be required so that the net amounts received and retained by the Trust after paying such taxes (excluding withholding taxes), duties, assessments or other governmental charges will be equal to the amounts the Trust would have received if no such taxes (excluding withholding taxes), duties, assessments or other governmental charges had been imposed. Whenever in this Indenture or the Securities Debentures there is a reference in any context to the payment of principal of or interest on the SecuritiesDebentures, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; providedPROVIDED, howeverHOWEVER, that the deferral of the payment of interest during an Extension Period pursuant to Section 3.12 or the Securities 2.11 shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Indenture (Tower Group, Inc.), Indenture (Tower Group, Inc.)

Additional Sums. So In the case of the Securities of a series initially issued to a Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the Issuer a Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustsuch Securities, the Company shall pay the Issuer to such Trust (and or its permitted successors or assigns successor under the related Trust Agreement) for so long as the Issuer such Trust (or its permitted successor or assigneesuccessor) is the registered holder of the Outstanding Securities of such series, together with any payment of principal of (or premium, if any) or interest (including any Additional Interest) on such Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by such Trust in respect of the Issuer Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of (or premium, if any) or interest (including Additional Interest) on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph paragraph, and any express mention of the payment of Additional Sums (if applicable) in any provisions provision hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 3.11 or the terms of the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Indenture (First Tennessee National Corp), Indenture (First Tennessee Capital Iv)

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company Corporation shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Indenture (Bank of New York Co Inc), Compass Trust Ii

Additional Sums. So In the case of the Debt Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1301, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesDebt Securities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesDebt Securities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the related Trust Preferred Securities and Common Trust Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event; provided, however, that Additional Sums shall not include any withholding taxes arising after the occurrence of a Tax Event and which have been withheld from payments to Holders of Trust Securities and for which Holders are liable (the "Additional Sums"). Whenever in this Indenture or the Debt Securities there is a reference in any context to the payment of principal of or interest on the Debt Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 313 or the Debt Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 2 contracts

Samples: Indenture (Indymac Capital Trust I), Indenture (Indymac Bancorp Inc)

Additional Sums. So In the case of the Securities of a series issued to a Banknorth Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer such Banknorth Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such Banknorth Trust shall have occurred and be continuing and (aiii) the Company shall not have (A) redeemed the Securities of such series pursuant to Section 11.7(b) or (cB) terminated such Banknorth Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such Banknorth Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such Banknorth Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such Banknorth Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 3.11 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Banknorth Capital Trust Ii

Additional Sums. So In the case of the Securities of a series issued to a Bridge Bancorp Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer a Bridge Bancorp Trust is the Holder of all of the Outstanding Securities, Securities of such series and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustsuch Bridge Bancorp Trust shall be required to pay Additional Taxes, the Company shall pay the Issuer Trust (and to such Bridge Bancorp Trust(and its permitted successors or assigns under the related Trust Agreement) as Holder of the Securities of such series for so long as the Issuer Trust (or such Bridge Bancorp Trust(or its permitted successor or assignee) is the registered holder Holder of the Outstanding Securitiesany Securities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such Bridge Bancorp Trust on the related Trust Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result result: of such any Additional Taxes (the "β€œAdditional Sums"”). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, . Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 3.11 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Bridge Statutory Capital Trust I

Additional Sums. So long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: In the event that (a) the Issuer Trust Property --------------- Trustee is the Holder of all of the Outstanding SecuritiesDebentures, and (b) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer TrustTrust shall have occurred and be continuing and (c) the Company shall not have (i) redeemed the Debentures pursuant to Section 11.7 or 11.8 or (ii) terminated the Trust pursuant to Section 9.2(b) of the Trust Agreement, the Company shall pay to the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesDebentures, such additional sums amounts as may be necessary in order that the amount of Distributions distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance accord with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities Debentures there is a reference in any context to the payment of principal of or interest on the SecuritiesDebentures, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 3.11 or the Securities Debentures shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.]

Appears in 1 contract

Samples: Trust Agreement (Alcoa Inc)

Additional Sums. So In the case of the Securities of a series issued to a Xxxxxx Trust, so long as no Event of Default has occurred and is continuing and continuing, except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer such Xxxxxx Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such Xxxxxx Trust shall have occurred and be continuing, and (aiii) the Company shall not have (A) redeemed the Securities of such series pursuant to Section 11.7 or (cB) terminated such Xxxxxx Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such Xxxxxx Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such Xxxxxx Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and paid or payable by the Issuer such Xxxxxx Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or 3.11 on the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Downey Financial Corp

Additional Sums. So long as no Event In the case of Default has occurred and is continuing and the Securities of a series issued to an NVP Trust, except as otherwise specified as contemplated by Section 2.1 or Section 3.1301, if: in the event that (ai) the Issuer an NVP Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such NVP Trust shall have occurred and be continuing and (aiii) the Company shall not have (x) redeemed the Securities of such series pursuant to Section 1107(b) or (cy) terminated such NVP Trust pursuant to Section 902(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such NVP Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such NVP Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer such NVP Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 311 or the Securities shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 1 contract

Samples: Nevada Power Co

Additional Sums. So long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: In the event that (a) the Issuer Trust Property Trustee is the Holder of all of the Outstanding SecuritiesDebentures, and (b) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer TrustTrust shall have occurred and be continuing and (c) the Company shall not have (i) redeemed the Debentures pursuant to Section 11.7 or 11.8 or (ii) terminated the Trust pursuant to Section 9.2(b) of the Trust Agreement, the Company shall pay to the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesDebentures, such additional sums amounts as may be necessary in order that the amount of Distributions distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance accord with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities Debentures there is a reference in any context to the payment of principal of or interest on the SecuritiesDebentures, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral extension of the an -------- ------- interest payment of interest period pursuant to Section 3.12 3.11 or the Securities Debentures shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 1 contract

Samples: United Rentals Inc /De

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company Corporation shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional Sums"). Whenever in this Indenture Indenture, the Securities or the Securities Guarantees there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Indenture (Banponce Corp)

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor successors or assigneeassigns) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred its Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "β€œAdditional Sums"”). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or on the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Gainsco Inc

Additional Sums. So In the case of the Securities of a series issued to a Provident Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 201 or Section 3.1301, if: in the event that (ai) the Issuer a Provident Trust is the Holder of all of the Outstanding Securities, Securities of such series and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustsuch Provident Trust shall have occurred and be continuing, the Company shall pay the Issuer to such Provident Trust (and its permitted successors or assigns under the Trust AgreementAgreement under which such Provident Trust is created) as Holder of the Securities of such series for so long as the Issuer such Provident Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such Provident Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 311 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Provident Companies Inc /De/

Additional Sums. So long as no Event In the case of Default has occurred and is continuing and Securities of a series issued to a Scottish Holdings Trust, except as otherwise specified as contemplated by Section 2.1 or Section 3.12.3, if: in the event that (ai) the Issuer such Scottish Holdings Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of such Scottish Holdings Trust shall have occurred and be continuing and (iii) the Issuer Trustshall not have (i) redeemed the Securities of such series pursuant to Section 12.5 or (ii) terminated such Scottish Holdings Trust pursuant to Section 8.01 of the related Trust Agreement, the Company Issuer shall pay the Issuer to such Scottish Holdings Trust (and its permitted successors or assigns under the related Trust Agreement) ), for so long as the Issuer such Scottish Holdings Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in the Trust Agreement)) then due and payable by the Issuer such Scottish Holdings Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference mentioned, in any context to context, the payment of the principal of or any premium or interest on, or in respect of, any Security of any series or any Coupon or the net proceeds received on the Securitiessale or exchange of any Security of any series, such mention shall be deemed to include mention of the payments payment of the Additional Sums provided for in this paragraph by the terms of such series established hereby or pursuant hereto to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph such terms, and express mention of the payment of Additional Sums (if applicable) in any provisions provision hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 2.12 or the terms of the applicable Securities shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 1 contract

Samples: Indenture (Scottish Annuity & Life Holdings LTD)

Additional Sums. So In the event that (i) AmerUs Capital I is the Holder of all of the Outstanding Securities, (ii) a Tax Event shall have occurred and be continuing and (iii) the Company shall not have redeemed the Securities pursuant to Section 1201 or terminated AmerUs Capital I pursuant to Section 9.02(b) of the Trust Agreement, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: (a) the Issuer Trust is the Holder of all of the Outstanding Securities, and (b) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trust, the Company shall pay the Issuer Trust to AmerUs Capital I (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust AmerUs Capital I (or its permitted successor or assignee) is the registered holder of the Outstanding any Securities, such additional sums amounts as may be necessary in order that the amount of Distributions distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer Trust AmerUs Capital I on the Preferred Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, PROVIDED, however, that the deferral of the payment of interest payments pursuant to Section 3.12 301 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Expenses and Liabilities (Amerus Capital I)

Additional Sums. So In the case of the Securities issued the Property Trustee, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1continuing, if: in the event that (ai) the Issuer Trust Property Trustee is the Holder of all of the Outstanding Securities, Securities and (bii) a Tax Event described in clause respect of Xxxxx Capital II shall have occurred and be continuing and (aiii) the Company shall not have (A) redeemed the Securities pursuant to Section 10.7(b) or (cB) terminated such Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer TrustTrust Agreement, the Company Corporation shall pay to the Issuer Trust Property Trustee (and its permitted successors or assigns under the related Trust Agreement) as Holder of the Securities for so long as the Issuer Trust Property Trustee (or its nominee or permitted successor or assignee) is the registered holder of the Outstanding any Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer Trust Xxxxx Capital II on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of (or premium, if any) or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Riggs Capital Ii

Additional Sums. So long as no Event In the case of Default has occurred and is continuing and the Securities of a series issued to a Liberty Trust, except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer a Liberty Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such Liberty Trust shall have occurred and be continuing and (aiii) the Company shall not have (i) redeemed the Securities of such series pursuant to Section 11.7(b) or (cii) terminated such Liberty Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such Liberty Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such Liberty Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer such Liberty Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 3.11 or the Securities shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 1 contract

Samples: Liberty Financial Capital Trust Ii

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor successors or assigneeassigns) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred its Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the ---------------- Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or on the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Peoples Bancorp of North Carolina Inc

Additional Sums. So In the case of the Securities of a series issued to a KeyCorp Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer a KeyCorp Trust is the Holder of all of the Outstanding Securities, Securities of such series and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustsuch KeyCorp Trust shall have occurred and be continuing, the Company shall pay the Issuer to such KeyCorp Trust (and its permitted successors or assigns under the related Trust Agreement) as Holder of the Securities of such series for so long as the Issuer such KeyCorp Trust (or its permitted successor or assignee) is the registered holder Holder of the Outstanding Securitiesany Securities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable paid by the Issuer such KeyCorp Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Indenture (Keycorp Institutional Capital A)

Additional Sums. So long as no Event In the case of Default has occurred and is continuing the Securities of a series issued to a Trust, and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer a Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such Trust shall have occurred and be continuing and (aiii) the Company shall not have (A) redeemed the Securities of such series pursuant to Section 11.7(b) or (cB) terminated such Trust pursuant to Section 9.2(b) of the definition related Declaration of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trust, the Company shall pay the Issuer to such Trust (and its permitted successors or assigns under the Trust Agreementrelated Declaration of Trust) for so long as the Issuer such Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the Trust Agreementsuch Declaration of Trust)) then due and payable by the Issuer such Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Wachovia Capital Trust Iv

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company Corporation shall pay the to such Issuer Trust (and or its permitted successors or assigns successor under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assigneesuccessor) is the registered holder of the Outstanding Securities of such series, together with any payment of principal of (or premium, if any) or interest (including any Additional Interest) on such Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on in respect of the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional SumsADDITIONAL SUMS"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of (or premium, if any) or interest (including any Additional Interest) on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph paragraph, and any express mention of the payment of Additional Sums (if applicable) in any provisions provision hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; providedPROVIDED, howeverHOWEVER, that the deferral of the payment of interest pursuant to Section 3.12 or the terms of the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Southern States Capital Trust I

AutoNDA by SimpleDocs

Additional Sums. So long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: (a) the Issuer Trust is the Holder of all of the Outstanding Securities, and (b) a Tax Event described in clause (a) or (c) of the definition of "β€œTax Event" ” in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trust, the Company shall pay the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in the Trust Agreement)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "β€œAdditional Sums"”). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Junior Subordinated Indenture (American Safety Insurance Group LTD)

Additional Sums. So In the case of the Securities of a series issued to an Xxxxx Bancorp Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer an Xxxxx Bancorp Trust is the Holder of all of the Outstanding Securities, Securities of such series and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustsuch Xxxxx Bancorp Trust shall be required to pay Additional Taxes, the Company shall pay the Issuer Trust (and to such Xxxxx Bancorp Trust(and its permitted successors or assigns under the related Trust Agreement) as Holder of the Securities of such series for so long as the Issuer Trust (or such Xxxxx Bancorp Trust(or its permitted successor or assignee) is the registered holder Holder of the Outstanding Securitiesany Securities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such Xxxxx Bancorp Trust on the related Trust Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result result: of such any Additional Taxes (the "β€œAdditional Sums"”). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, . Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 3.11 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Indenture (Evans Capital Trust III)

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company Corporation shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional Sums"). Whenever in this Indenture the Securities or the Securities Guarantees there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Indenture (Banponce Trust Ii)

Additional Sums. So long as no Event In the case of Default has occurred and is continuing and Securities of a series issued to a QCH Capital Trust, except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer such QCH Capital Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of such QCH Capital Trust shall have occurred and be continuing and (iii) the Issuer TrustCompany shall not have (i) redeemed the Securities of such series pursuant to Section 15.4 or (ii) terminated such QCH Capital Trust pursuant to Article VIII of the related Trust Agreement, the Company shall pay the Issuer to such QCH Capital Trust (and its permitted successors or assigns under the related Trust Agreement) ), for so long as the Issuer such QCH Capital Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in the Trust Agreement)) then due and payable by the Issuer such QCH Capital Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference mentioned, in any context to context, the payment of the principal of or any premium or interest on, or in respect of, any Security of any series or any Coupon or the net proceeds received on the Securitiessale or exchange of any Security of any series, such mention shall be deemed to include mention of the payments payment of the Additional Sums provided for in this paragraph by the terms of such series established hereby or pursuant hereto to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph such terms, and express mention of the payment of Additional Sums (if applicable) in any provisions provision hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 3.13 or the terms of the applicable Securities shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 1 contract

Samples: Quanta Capital Holdings LTD

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding Securities, Securities of such series and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company Corporation shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the related Trust Preferred Securities and Trust Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Subordinated Indenture (Sea Pines Associates Inc)

Additional Sums. So In the case of the Securities of a series issued to a Xxxxxxxxxx Industries Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer such Xxxxxxxxxx Industries Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such Xxxxxxxxxx Industries Trust shall have occurred and be continuing and (aiii) the Company shall not have (A) redeemed the Securities of such series pursuant to Section 11.7 or (cB) terminated such Xxxxxxxxxx Industries Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such Xxxxxxxxxx Industries Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such Xxxxxxxxxx Industries Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such Xxxxxxxxxx Industries Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 3.11 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Praegitzer Industries Inc

Additional Sums. So long as no Event In the case of Default has occurred and is continuing and the Securities of a series issued to a Hartford Trust, except as otherwise specified as contemplated by Section 2.1 or Section 3.1301, if: in the event that (ai) the Issuer a Hartford Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such Hartford Trust shall have occurred and be continuing and (aiii) the Company shall not have (i) redeemed the Securities of such series pursuant to Section 1107(b) or (cii) terminated such Hartford Trust pursuant to section 902(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such Hartford Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such Hartford Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer such Hartford Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"); provided 66 that, if this Indenture has not been qualified under the Trust Indenture Act, the Company shall be required to pay such Additional Sums until this Indenture is so qualified. Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 or 311 of the Securities shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 1 contract

Samples: Trust Agreement (Hartford Financial Services Group Inc/De)

Additional Sums. So In the case of the Debt Securities of a series initially issued to a Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1301, if: if (ai) the Issuer a Trust is the Holder of all of the Outstanding Securities, Debt Securities of such series and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer such Trust, the Company shall pay the Issuer to such Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such Trust (or its permitted successor or assignee) is the registered holder Holder of the Outstanding SecuritiesDebt Securities of such series, such additional sums as may be necessary in order that the amount of Distributions (as defined in such Trust Agreement), including any Additional Amount Amounts (as defined in the such Trust Agreement)) , then due and payable by the Issuer such Trust on the related Trust Preferred Securities and Trust Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Debt Securities there is a reference in any context to the payment of principal of or interest on the Debt Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or 312 on the Debt Securities shall not defer the payment of any Additional Sums that may be due and payable.]

Appears in 1 contract

Samples: Progress Energy Inc

Additional Sums. So long as no Event In the case of Default has occurred and is continuing the Securities of a series issued to a Trust, and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer a Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such Trust shall have occurred and be continuing and (aiii) the Company shall not have (A) redeemed the Securities of such series pursuant to Section 11.7(b) or (cB) terminated such Trust pursuant to Section 9.2(b) of the definition related Declaration of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trust, the Company shall pay the Issuer to such Trust (and its permitted successors or assigns under the Trust Agreementrelated Declaration of Trust) for so long as the Issuer such Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the Trust Agreementsuch Declaration of Trust)) then due and payable by the Issuer such Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.payment

Appears in 1 contract

Samples: Wachovia Capital Trust Viii

Additional Sums. So In the case of the Debt Securities of a series initially issued to a Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1301, if: if (ai) the Issuer a Trust is the Holder of all of the Outstanding Securities, Debt Securities of such series and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer such Trust, the Company shall pay the Issuer to such Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesDebt Securities of such series, such additional sums as may be necessary in order that the amount of Distributions (as defined in such Trust Agreement), including any Additional Amount Amounts (as defined in the such Trust Agreement)) , then due and payable by the Issuer such Trust on the related Trust Preferred Securities and Trust Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Debt Securities there is a reference in any context to the payment of principal of or interest on the Debt Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or 312 on the Securities shall not defer the payment of any Additional Sums that may be due and payable.]

Appears in 1 contract

Samples: Cp&l Energy Inc

Additional Sums. So long as no Event In the case of Default has occurred and is continuing and Securities of a series issued to a PartnerRe Trust, except as otherwise specified as contemplated by Section 2.1 or Section 3.19.2(b) of the related Trust Agreement, if: in the event that (ai) the Issuer such PartnerRe Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such PartnerRe Trust shall have occurred and be continuing and (aiii) the Company shall not have (A) redeemed the Securities of such series pursuant to Section 11.8 or (cB) terminated such PartnerRe Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such PartnerRe Trust (and its permitted successors or assigns under the related Trust Agreement) ), for so long as the Issuer such PartnerRe Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in the Trust Agreement)) then due and payable by the Issuer such PartnerRe Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this --------------- Indenture or the Securities there is a reference mentioned, in any context to context, the payment of the principal of or any premium or interest on, or in respect of, any Security of any series or any Coupon or the net proceeds received on the Securitiessale or exchange of any Security of any series, such mention shall be deemed to include mention of the payments payment of the Additional Sums provided for in this paragraph by the terms of such series established hereby or pursuant hereto to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph such terms, and express mention of the payment of Additional Sums (if applicable) in any provisions provision hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 3.11 or the terms of the applicable Securities shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 1 contract

Samples: Partnerre LTD

Additional Sums. So long as no Event During the continuance of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: (a) the Issuer Trust is the Holder of all of the Outstanding Securities, and (b) a Tax Event described in clause (a) Event, if the Corporation has not elected to redeem the Series A Securities pursuant to Section 2.8 hereof or (cterminate EIX Trust I pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer TrustTrust Agreement, the Company Corporation shall pay the Issuer to EIX Trust I (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer EIX Trust I (or its permitted successor or assignee) is the registered holder of the Outstanding Series A Securities, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer EIX Trust I on the Preferred Securities and the Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in the Subordinated Indenture, the Series A Securities or this Supplemental Indenture or the Securities No. 1 there is a reference in any context to the payment of principal of of, premium, if any, or interest on the Series A Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph Section 2.9 to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph Section 2.9 and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 2.6 hereof or the Series A Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Guarantee Agreement (Edison International)

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (ai) or (ciii) of in the definition of "Tax Event" Event in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company Corporation shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: First Coastal Capital Trust

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional SumsADDITIONAL SUMS"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; providedPROVIDED, howeverHOWEVER, that the deferral of the payment of interest pursuant to Section 3.12 or on the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: United Community Capital Trust

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (ai) or (ciii) of the definition of the term "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: First Empire Capital Trust I

Additional Sums. So long as no Event In the case of Default has occurred and is continuing and the Securities of a series issued to a Sierra Pacific Trust, except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer a Sierra Pacific Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, (ii) a Trust Tax Event in respect of such Sierra Pacific Trust shall have occurred and be continuing and (biii) a Tax Event described in clause the Company shall not have (ai) redeemed the Securities of such series pursuant to Section 11.7(b) or (cii) terminated such Sierra Pacific Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such Sierra Pacific Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such Sierra Pacific Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer such Sierra Pacific Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 3.11 or the Securities shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 1 contract

Samples: Sierra Pacific Resources Capital Trust Ii

Additional Sums. So In the case of the Securities of a series issued to an ASBC Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (a) the Issuer such ASBC Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (b) a Tax Event described in clause respect of such ASBC Trust shall have occurred and be continuing and (ac) the Company shall not have (i) redeemed the Securities of such series pursuant to Section 11.7(b) or (cii) terminated such ASBC Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such ASBC Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such ASBC Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such ASBC Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 3.11 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Associated Banc-Corp

Additional Sums. So In the case of the Securities of a series issued to a Providian Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer a Providian Trust is the Holder of all of the Outstanding Securities, Securities of such series and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustsuch Providian Trust shall have occurred and be continuing, the Company shall pay the Issuer to such Providian Trust (and its permitted successors or assigns under the related Trust Agreement) as Holder of the Securities of such series for so long as the Issuer such Providian Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable paid by the Issuer such Providian Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Providian Financial Corp

Additional Sums. So long as no Event In the case of Default has occurred and is continuing and Securities of a series issued to an ACE Trust, except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer such ACE Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such ACE Trust shall have occurred and be continuing and (aiii) the Company shall not have (i) redeemed the Securities of such series pursuant to Section 11.8 or (cii) dissolved such ACE Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such ACE Trust (and its permitted successors or assigns under the related Trust Agreement) ), for so long as the Issuer such ACE Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in the Trust Agreement)) then due and payable by the Issuer such ACE Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference mentioned, in any context to context, the payment of the principal of or any premium or interest on, or in respect of, any Security of any series or any Coupon or the net proceeds received on the Securitiessale or exchange of any Security of any series, such mention shall be deemed to include mention of the payments payment of the Additional Sums provided for in this paragraph by the terms of such series established hereby or pursuant hereto to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph such terms, and express mention of the payment of Additional Sums (if applicable) in any provisions provision hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 3.11 or the terms of the applicable Securities shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 1 contract

Samples: Ace LTD

Additional Sums. So In the case of the Securities of a ------------- --------------- series issued to a Xxxxxxxxxx Capital Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer such Xxxxxxxxxx Capital Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such Xxxxxxxxxx Capital Trust shall have occurred and be continuing and (aiii) the Company shall not have (A) redeemed the Securities of such series pursuant to Section 11.7(ii) or (cB) dissolved such Xxxxxxxxxx Capital Trust pursuant to Section 8.1(a)(v) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such Xxxxxxxxxx Capital Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such Xxxxxxxxxx Capital Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such Xxxxxxxxxx Capital Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 3.11 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Chittenden Capital Trust I

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor successors or assigneeassigns) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred its Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional Sums"). --------------- Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or on the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: CCF Holding Co

Additional Sums. So long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the Issuer Trust Success Capital is the Holder of all of the Outstanding Securities, and (bii) a Tax Event described in clause (ai) or (ciii) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer TrustSuccess Capital, the Company Success Bancshares shall pay the Issuer Trust Success Capital (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust Success Capital (or its permitted successor or assignee) is the registered holder of the Outstanding Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer Trust Success Capital on the Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.. 57 63

Appears in 1 contract

Samples: Success Bancshares Inc

Additional Sums. So long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: In the event that (a) the Issuer Trust Property Trustee is the Holder of all of the Outstanding Securities1998A Debentures, and (b) a Trust Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer TrustTrust shall have occurred and be continuing and (c) the Company shall not have (i) redeemed or exchanged all the 1998A Debentures pursuant to Section 5.2 or 5.3, respectively, or (ii) terminated the Trust pursuant to Section 9.1 of the Declaration, the Company shall pay Additional Sums to the Issuer Trust (and its permitted successors or assigns under the Trust AgreementDeclaration) for so long as the Issuer Trust Property Trustee (or its permitted successor or assignee) is the registered holder of the Outstanding Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in the Trust Agreement)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional Sums")1998A Debentures. Whenever in this First Supplemental Indenture, the Subordinated Indenture or the Securities 1998A Debentures there is a reference in any context to the payment of principal of or interest on the Securities1998A Debentures, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 or the Securities 7.1 shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 1 contract

Samples: General Terms (El Paso Energy Capital Trust I)

Additional Sums. So long as no Event In the case of Default has occurred and is continuing and the Securities of a series issued to an NVP Trust, except as otherwise specified as contemplated by Section 2.1 or Section 3.1301, if: in the event that (ai) the Issuer an NVP Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such NVP Trust shall have occurred and be continuing and (aiii) the Company shall not have (x) redeemed the Securities of such series pursuant to Section 1107(b) or (cy) terminated such NVP Trust pursuant to Section 902(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such NVP Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such NVP Trust (or its permitted successor or assignee) is the registered holder Holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer such NVP Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 311 or the Securities shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 1 contract

Samples: Nevada Power Co

Additional Sums. So In the case of the Debt Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1301, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesDebt Securities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company or the Guarantor, as the case may be, shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesDebt Securities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred related Capital Trust Securities and Common Trust Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event; provided, however, that Additional Sums shall not include any withholding taxes arising after the occurrence of a Tax Event and which have been withheld from payments to Holders of Trust Securities and for which Holders are liable (the "β€œAdditional Sums"”). Whenever in this Indenture or the Debt Securities there is a reference in any context to the payment of principal of or interest on the Debt Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 313 or the Debt Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Indenture (M&i Capital Trust C)

Additional Sums. So In the case of the Securities of a series issued to a Bear Stearns Trust, so long as no Event of Default has occurred and is continuing xxxxxxxing and except as otherwise specified as contemplated by Section 2.1 2.01 or Section 3.12.02, if: in the event that (ai) the Issuer a Bear Stearns Trust is the Holder holder of all of the Outstanding SecuritiesSecurities of sxxx xxxies, and (bii) a Tax Event described in clause respect of such Bear Stearns Trust shall have occxxxxx xnd be continuing and (iii) the Company shall not have (a) redeemed the Securities of such series or (cb) terminated such Bear Stearns Trust pursuant to the termination provisions of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trxxx Xxxeement, the Company shall pay the Issuer to such Trust (and its permitted successors or assigns assign under the related Trust Agreement) for so long as the Issuer such Bear Stearns Trust (or its permitted successor or assignee) is the registered holder registxxxx xolder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) ), then due and payable by the Issuer such Bear Stearns Trust on the Preferred related Capital Securities and Common Securities Securxxxxx that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes any additional taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral of the payment of interest pursuant to Section 3.12 2.10 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Bear Stearns Capital Trust I

Additional Sums. So In the case of the Securities of a series issued to a SVB Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer such SVB Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such SVB Trust shall have occurred and be continuing and (aiii) the Company shall not have (A) redeemed the Securities of such series pursuant to Section 11.7 or (cB) terminated such SVB Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such SVB Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such SVB Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such SVB Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional SumsADDITIONAL SUMS"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; providedPROVIDED, howeverHOWEVER, that the deferral of the payment of interest pursuant to Section 3.12 3.11 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: SVB Capital I

Additional Sums. So long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: In the event that (a) the Issuer Trust Property Trustee is the Holder of all of the Outstanding SecuritiesDebentures, and (b) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer TrustTrust shall have occurred and be continuing and (c) the Company shall not have (i) redeemed the Debentures pursuant to Section 11.7 or 11.8 or (ii) dissolved the Trust pursuant to Section 9.2(b) of the Trust Agreement, the Company shall pay to the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) is the registered holder Holder of the Outstanding SecuritiesDebentures, such additional sums amounts as may be necessary in order that the amount of Distributions distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance accord with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities Debentures there is a reference in any context to the payment of principal of (or premium, if any) or interest on the SecuritiesDebentures, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 or 3.11 of the Securities Debentures shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 1 contract

Samples: Newfield Exploration Co /De/

Additional Sums. So long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: (a) the Issuer Trust is the Holder of all of the Outstanding Securities, and (b) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the 58 65 Issuer Trust, the Company shall pay the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securities, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in the Trust Agreement)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Sman Capital Trust 1

Additional Sums. So In the case of the Securities of a series issued to a Bear Xxxxxxx Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 2.01 or Section 3.12.02, if: in the event that (ai) the Issuer a Bear Xxxxxxx Trust is the Holder holder of all of the Outstanding SecuritiesSecurities of such series, (ii) a Special Event in respect of such Bear Xxxxxxx Trust shall have occurred and be continuing and (iii) the Company shall not have (a) redeemed the Securities of such series or (b) a Tax Event described in clause (a) or (c) terminated such Bear Xxxxxxx Trust pursuant to the termination provisions of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such Trust (and its permitted successors or assigns assign under the related Trust Agreement) for so long as the Issuer such Bear Xxxxxxx Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) ), then due and payable by the Issuer such Bear Xxxxxxx Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such Additional Taxes any additional taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral of the payment of interest pursuant to Section 3.12 2.10 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Indenture (Bear Stearns Companies Inc)

Additional Sums. So In the case of the Debt Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1301, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesDebt Securities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesDebt Securities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred related Capital Trust Securities and Common Trust Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event; PROVIDED, HOWEVER, that Additional Sums shall not include any withholding taxes arising after the occurrence of a Tax Event and which have been withheld from payments to Holders of Trust Securities and for which Holders are liable (the "Additional Sums"). Whenever in this Indenture or the Debt Securities there is a reference in any context to the payment of principal of or interest on the Debt Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; providedPROVIDED, howeverHOWEVER, that the deferral of the payment of interest pursuant to Section 3.12 313 or the Debt Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Indenture (Wells Fargo & Co/Mn)

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company Bank shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the Preferred related Capital Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional SumsADDITIONAL SUMS"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; providedPROVIDED, howeverHOWEVER, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Indenture (Zions Institutional Capital Trust A)

Additional Sums. So long as no Event In the case of Default has occurred and is continuing and Securities of a series issued to a PartnerRe Trust, except as otherwise specified as contemplated by Section 2.1 or Section 3.19.2(b) of the related Trust Agreement, if: in the event that (ai) the Issuer such PartnerRe Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such PartnerRe Trust shall have occurred and be continuing and (iii) the Company shall not have (a) redeemed the Securities of such series pursuant to Section 11.8 or (cb) terminated such PartnerRe Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such PartnerRe Trust (and its permitted successors or assigns under the related Trust Agreement) ), for so long as the Issuer such PartnerRe Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount (as defined in the Trust Agreement)) then due and payable by the Issuer such PartnerRe Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "β€œAdditional Sums"”). Whenever in this Indenture or the Securities there is a reference mentioned, in any context to context, the payment of the principal of or any premium or interest on, or in respect of, any Security of any series or any Coupon or the net proceeds received on the Securitiessale or exchange of any Security of any series, such mention shall be deemed to include mention of the payments payment of the Additional Sums provided for in this paragraph by the terms of such series established hereby or pursuant hereto to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph such terms, and express mention of the payment of Additional Sums (if applicable) in any provisions provision hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 3.11 or the terms of the applicable Securities shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Partnerre LTD)

Additional Sums. So long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: In the event that (a) the Issuer Trust Property Trustee is the Holder of all of the Outstanding SecuritiesDebentures, and (b) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer TrustTrust shall have occurred and be continuing and (c) the Company shall not have (i) redeemed the Debentures pursuant to Section 11.7 or 11.8 or (ii) dissolved the Trust pursuant to Section 9.2(b) of the Declaration, the Company shall pay to the Issuer Trust (and its permitted successors or assigns under the Trust AgreementDeclaration) for so long as the Issuer Trust (or its permitted successor or assignee) is the registered holder Holder of the Outstanding SecuritiesDebentures, such additional sums amounts as may be necessary in order that the amount of Distributions distributions (including any Additional Amount Amounts (as defined in the Trust AgreementDeclaration)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance accord with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional SumsADDITIONAL SUMS"). Whenever in this Subordinated Indenture or the Securities Debentures there is a reference in any context to the payment of principal of (or premium, if any) or interest on the SecuritiesDebentures, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, howeverPROVIDED, HOWEVER, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 3.11 or the Securities Debentures shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 1 contract

Samples: Tower Automotive Inc

Additional Sums. So long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: In the event that (a) the Issuer Trust Property Trustee is the Holder of all of the Outstanding SecuritiesDebentures, and (b) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer TrustTrust shall have occurred and be continuing and (c) the Company shall not have (i) redeemed the Debentures pursuant to Section 11.7 or 11.8 or (ii) dissolved the Trust pursuant to Section 9.2(b) of the Trust Agreement, the Company shall pay to the Issuer Trust (and its permitted successors or assigns under the Trust Agreement) for so long as the Issuer Trust (or its permitted successor or assignee) is the registered holder Holder of the Outstanding SecuritiesDebentures, such additional sums amounts as may be necessary in order that the amount of Distributions distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer Trust on the Preferred Securities and Common Securities that at any time remain outstanding in accordance accord with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities Debentures there is a reference in any context to the payment of principal of (or premium, if any) or interest on the SecuritiesDebentures, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 3.11 or the Securities Debentures shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 1 contract

Samples: Newell Financial Trust I

Additional Sums. So In the case of the Securities of a series issued to an FPC Capital Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer an FPC Capital Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such FPC Capital Trust shall have occurred and be continuing and (aiii) neither the Company nor the Guarantor shall have (A) redeemed the Securities of such series pursuant to Section 11.7(b) or (cB) terminated such FPC Capital Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company or the Guarantor shall pay the Issuer to such FPC Capital Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such FPC Capital Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such FPC Capital Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of of, premium, if any, or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 3.11 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: FPC Capital Ii

Additional Sums. So long as no Event In the case of Default has occurred and is continuing and the Securities of a series issued to a Chubb Trust, except as otherwise specified as contemplated by Section 2.1 or Section 3.1301, if: in the event that (ai) the Issuer a Chubb Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such Chubb Trust shall have occurred and be continuing and (aiii) the Company shall not have (i) redeemed the Securities of such series pursuant to Section 1107(b) or (cii) terminated such Chubb Trust pursuant to section 902(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such Chubb Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such Chubb Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions distributions (including any Additional Amount Amounts (as defined in the Trust Agreement)) then due and payable by the Issuer such Chubb Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"); provided that, if this Indenture has not been qualified under the Trust Indenture Act, the Company shall be required to pay such Additional Sums until this Indenture is so qualified. Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; , provided, however, that the deferral extension of the an interest payment of interest period pursuant to Section 3.12 311 or the Securities shall not defer extend the payment of any Additional Sums that may be due and payablepayable during such interest payment period.

Appears in 1 contract

Samples: Chubb Capital Trust Iii

Additional Sums. So In the case of the Securities of a series initially issued to an Issuer Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: if (ai) the an Issuer Trust is the Holder of all of the Outstanding Securities, Securities of such series and (bii) a Tax Event described in clause (a) or (c) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the such Issuer Trust, the Company Corporation shall pay the to such Issuer Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the such Issuer Trust (or its permitted successor or assignee) is the registered holder of the Outstanding SecuritiesSecurities of such series, such additional sums as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the such Issuer Trust on the related Trust Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes arising from such Tax Event (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions 183 hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Sce&g Trust I

Additional Sums. So In the case of the Securities of a series issued to an Owenx Xxxning Trust, so long as no Event of Default has occurred and is continuing and except as otherwise specified as contemplated by Section 2.1 or Section 3.1, if: in the event that (ai) the Issuer an Owenx Xxxning Trust is the Holder of all of the Outstanding SecuritiesSecurities of such series, and (bii) a Tax Event described in clause respect of such Owenx Xxxning Trust shall have occurred and be continuing, (aiii) the Company has elected, and has not revoked such election, and (iv) the Company shall not have (A) redeemed the Securities of such series pursuant to Section 11.7(b) or (cB) terminated such Owenx Xxxning Trust pursuant to Section 9.2(b) of the definition of "Tax Event" in Section 1.1 hereof has occurred and is continuing in respect of the Issuer Trustrelated Trust Agreement, the Company shall pay the Issuer to such Owenx Xxxning Trust (and its permitted successors or assigns under the related Trust Agreement) for so long as the Issuer such Owenx Xxxning Trust (or its permitted successor or assignee) is the registered holder of the Outstanding Securitiesany Securities of such series, such additional sums amounts as may be necessary in order that the amount of Distributions (including any Additional Amount Amounts (as defined in the such Trust Agreement)) then due and payable by the Issuer such Owenx Xxxning Trust on the related Preferred Securities and Common Securities that at any time remain outstanding in accordance with the terms thereof shall not be reduced as a result of such any Additional Taxes (the "Additional Sums"). Whenever in this Indenture or the Securities there is a reference in any context to the payment of principal of or interest on the Securities, such mention shall be deemed to include mention of the payments of the Additional Sums provided for in this paragraph to the extent that, in such context, Additional Sums are, were or would be payable in respect thereof pursuant to the provisions of this paragraph and express mention of the payment of Additional Sums (if applicable) in any provisions hereof shall not be construed as excluding Additional Sums in those provisions hereof where such express mention is not made; provided, however, that the deferral of the payment of interest pursuant to Section 3.12 3.11 or the Securities shall not defer the payment of any Additional Sums that may be due and payable.

Appears in 1 contract

Samples: Owens Corning Capital Ii

Time is Money Join Law Insider Premium to draft better contracts faster.