Common use of Not Responsible for Recitals or Issuance of Securities Clause in Contracts

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer Trust, and the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

Appears in 50 contracts

Samples: Trust Agreement (S&t Bancorp Inc), Trust Agreement (M&t Bank Corp), Trust Agreement (S&t Bancorp Inc)

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Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer Trust, and the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

Appears in 18 contracts

Samples: Trust Agreement (KeyCorp Capital VIII), Trust Agreement (Citizens Funding Trust II), Trust Agreement (Keycorp /New/)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer TrustTrust and the Depositor, and the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

Appears in 18 contracts

Samples: Trust Agreement (Cullen Frost Capital Trust Ii), Trust Agreement (State Street Corp), Trust Agreement (Marshall & Ilsley Corp/Wi/)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer Trust, and neither the Issuer Trustees and nor the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

Appears in 15 contracts

Samples: Trust Agreement (Centerstate Banks of Florida Inc), Trust Agreement (Gainsco Inc), Trust Agreement (Mountain National Bancshares Inc)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer TrustTrust and the Depositor, and the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated DebenturesNotes.

Appears in 8 contracts

Samples: Trust Agreement (Us Bancorp \De\), Trust Agreement (Mellon Financial Corp), Trust Agreement (National City Corp)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer TrustDepositor, and the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

Appears in 7 contracts

Samples: Trust Agreement (Bank of New York Co Inc), Trust Indenture Trust Agreement (Seacoast Financial Services Corp), Trust Indenture Trust Agreement (Seacoast Financial Services Corp)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer Trust, and the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

Appears in 7 contracts

Samples: Trust Agreement (Goldman Sachs Capital III), Trust Agreement (Goldman Sachs Group Inc/), Trust Agreement (Goldman Sachs Capital V)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer TrustTrust and the Depositor, and the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and make no representation as to the Administrators validity or sufficiency of the Trust Preferred Securities or the Notes. The Issuer Trustees shall not be accountable for the use or application by the Depositor of Trust Preferred Securities, the Notes, or proceeds of the Junior Subordinated Debenturesthereof.

Appears in 5 contracts

Samples: Trust Agreement (Wells Fargo Capital XVIII), Trust Agreement (Huntington Bancshares Inc/Md), Trust Agreement (Wells Fargo & Co/Mn)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer TrustDepositor, and none of the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

Appears in 4 contracts

Samples: Trust Agreement (Onb Capital Trust Iv), Trust Agreement (Old National Bancorp /In/), Trust Agreement (Onb Capital Trust Vi)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer TrustTrust and the Depositor, and the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

Appears in 2 contracts

Samples: Trust Agreement (State Street Boston Corp), Trust Agreement (State Street Boston Corp)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer Trust, and the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

Appears in 2 contracts

Samples: Trust Agreement (CSC Capital Iii), Trust Agreement (First Coastal Capital Trust)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer Trust, and the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

Appears in 2 contracts

Samples: Trust Agreement (Keycorp Institutional Capital A), Trust Agreement (Keycorp Institutional Capital B)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer Trust, and neither the Issuer Trustees and nor the Administrators do not Administrative Trustees assume any responsibility for their correctness. The Issuer Trustees and the Administrators Administrative Trustees shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

Appears in 1 contract

Samples: Trust Agreement (FFBC Capital Trust I)

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Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer Trust, and the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. Except as provided in Section 7.1, the Issuer Trustees and the Administrators make no representations as to the validity or sufficiency of this Trust Agreement or the Trust Securities. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor Sponsor of the proceeds of the Junior Subordinated Debentures.

Appears in 1 contract

Samples: Agreement (Aig Capital Trust I)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer TrustTrust and the Sponsor, and neither the Issuer Trustees and nor the Administrators do not assume assumes any responsibility for their correctness. The Neither the Issuer Trustees and nor the Administrators shall not be accountable for the use or application by the Depositor Sponsor of the proceeds of the Junior Subordinated Debentures.

Appears in 1 contract

Samples: Trust Agreement (Wilmington Trust Capital A)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer Trust, and neither the Issuer Trustees and Property Trustee nor the Administrators do not assume any responsibility for their correctness. The Issuer Trustees Property Trustee and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

Appears in 1 contract

Samples: Trust Agreement (Gainsco Inc)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer TrustTrust and the Depositor, and the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

Appears in 1 contract

Samples: Trust Agreement (State Street Corp)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer Trust, the Sponsor and the Depositor, and the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

Appears in 1 contract

Samples: Trust Agreement (South Financial Group Inc)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer TrustTrust and the Depositor, and the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated DebenturesDebt Securities.

Appears in 1 contract

Samples: Trust Agreement (Northern Trust Corp)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer Trust, and the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

Appears in 1 contract

Samples: Trust Agreement (Goldman Sachs Group Inc/)

Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Trust Securities Certificates shall be taken as the statements of the Issuer Trust, and the Issuer Trustees and the Administrators do not assume any responsibility for their correctness. The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

Appears in 1 contract

Samples: Trust Agreement (Bank of New York Co Inc)

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