Common use of Limitation of Rights of Holders Clause in Contracts

Limitation of Rights of Holders. Except as set forth in Section 9.2, the death or incapacity of any Person having an interest, beneficial or otherwise, in Trust Securities shall not operate to terminate this Trust Agreement, nor dissolve, annul or terminate the Trust, nor entitle the legal representatives or heirs of such Person or any Holder for such person, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 4 contracts

Samples: Trust Agreement (Indymac Capital Trust I), Trust Agreement (Indymac Capital Trust I), Trust Agreement (Indymac Capital Trust I)

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Limitation of Rights of Holders. Except as set forth in Section 9.2, the death death, incapacity, bankruptcy, dissolution or incapacity termination of any Person having an interest, beneficial or otherwise, in Trust Securities shall not operate to terminate this Trust Agreement, nor dissolve, annul or terminate the Trust, nor entitle the legal representatives or heirs of such Person or any Holder for such personPerson, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 4 contracts

Samples: Trust Agreement (Northern Trust Corp), Trust Agreement (Zions Institutional Capital Trust A), Trust Agreement (Northern Trust Corp)

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Limitation of Rights of Holders. Except as set forth in Section 9.2, the death or incapacity of any Person having an interest, beneficial or otherwise, in Trust Securities shall not operate to terminate this Trust Agreement, nor dissolve, terminate or annul or terminate the Trust, nor entitle the legal representatives representatives, successors or heirs of such Person or any Holder for such personPerson, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 1 contract

Samples: Trust Agreement (Visteon Corp)

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