Common use of Persons Eligible for Appointment as Trustee Clause in Contracts

Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, having a combined capital and surplus of at least $50,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.11. The provisions of this Section 6.10 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act.

Appears in 21 contracts

Samples: Indenture (Shapeways Holdings, Inc.), Indenture (Stem, Inc.), Indenture (PayPal Holdings, Inc.)

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Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, any State state thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state or District eligible in accordance with the provisions of Columbia authoritySection 310(a) of the Trust Indenture Act. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid a Federal, State or District of Columbia supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case If at any time the Trustee or any trustee hereafter appointed shall cease to be eligible in accordance with the provisions of this Section, the Trustee it shall resign immediately in the manner and with the effect specified in Section 6.11. The provisions of this Section 6.10 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act5.09.

Appears in 7 contracts

Samples: Mitsubishi Ufj (Mitsubishi Ufj Financial Group Inc), Mitsubishi Ufj Financial (Mitsubishi Ufj Financial Group Inc), Mitsubishi Ufj (Mitsubishi Ufj Financial Group Inc)

Persons Eligible for Appointment as Trustee. The Trustee for each series Series of Securities hereunder shall at all times be a corporation or banking association Corporation organized and doing business under the laws of the United States of America, America or of any State thereof or the District of Columbia, Columbia having a combined capital and surplus of at least $50,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state or District of Columbia authority. If such corporation Corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation Corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.11. The provisions of this Section 6.10 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act6.10.

Appears in 7 contracts

Samples: Senior Indenture (Markel Corp), Senior Indenture (ALTERRA CAPITAL HOLDINGS LTD), Senior Indenture (Alterra Finance LLC)

Persons Eligible for Appointment as Trustee. The Trustee for each series Series of Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, America or of any State thereof or the District of Columbia, Columbia having a combined capital and surplus of at least $50,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state State or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.11. The provisions of this Section 6.10 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act6.10.

Appears in 7 contracts

Samples: Joy Global Inc, Indenture (Kellogg Co), Indenture (Office Depot Inc)

Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, America or of any State thereof or the District of Columbia, Columbia having a combined capital and surplus of at least $50,000,0005,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state State or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.116.10. The provisions of this Section 6.10 6.09 are in furtherance of and subject to Section 310(a) of the Trust Indenture ActAct of 1939.

Appears in 6 contracts

Samples: Indenture (Royal Bank of Scotland Group PLC), Subordinated Indenture (Abn Amro Bank Nv), Indenture (Abn Amro Bank Nv)

Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, or any State or territory thereof or of the District of ColumbiaColumbia authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state state, territorial, or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.11. The provisions of this Section 6.10 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act7.09.

Appears in 4 contracts

Samples: Indenture (Kansas City Power & Light Co), Kansas City Power & Light Co, Consolidated Edison Inc

Persons Eligible for Appointment as Trustee. The Trustee for each series of Debt Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, America or of any State thereof or the District of Columbia, Columbia having a combined capital and surplus of at least $50,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state State or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.116.10. The provisions of this Section 6.10 So long as any Debt Securities are in furtherance of and subject to Section 310(a) of the Trust Indenture Actoutstanding, there shall at all times be a Trustee hereunder.

Appears in 3 contracts

Samples: Trust Indenture (Financial Security Assurance Holdings LTD/Ny/), Trust Indenture (Financial Security Assurance Holdings LTD/Ny/), Indenture (Financial Security Assurance Holdings LTD/Ny/)

Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, having a combined capital and surplus of at least $50,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.116.10. The provisions of this Section 6.10 6.9 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act.

Appears in 3 contracts

Samples: Indenture (Smart Balance, Inc.), Indenture (Smart Balance, Inc.), Stillwater Mining Co /De/

Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, America or of any State thereof or the District of Columbia, having . The Trustee and its direct parent shall at all times have a combined capital and surplus of at least $50,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state State or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.115.8. The provisions of this Section 6.10 5.7 are in furtherance of and subject to Section 310(a) of the Trust Indenture ActTIA.

Appears in 3 contracts

Samples: Indenture (American Tower Corp /Ma/), Indenture (American Tower Corp /Ma/), Indenture (American Tower Corp /Ma/)

Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, America or of any State thereof or the District of Columbia, Columbia having a combined capital and surplus of at least $50,000,0005,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state State or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.116.10. The provisions of this Section 6.10 6.9 are in furtherance of and subject to Section 310(a) of the Trust Indenture ActAct of 1939.

Appears in 3 contracts

Samples: Indenture (Lubrizol Corp), Indenture (Lubrizol Corp), Indenture (Lubrizol Corp)

Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association organized Person that has a combined capital and surplus of at least U.S.$50,000,000, doing business under the laws of the United States or of America, any State state or territory thereof or the District of Columbia, having a combined capital and surplus of at least $50,000,000, and which Columbia that is authorized under such laws to exercise corporate trust powers powers, and is subject to supervision or examination by Federalfederal, state state, territorial or District of Columbia authority. If such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid a federal, state or District of Columbia supervising or examining authority, then then, for the purposes of this SectionSection 5.8, the combined capital and surplus of such corporation Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case If at any time the Trustee with respect to the Debt Securities of any Series shall cease to be eligible in accordance with the provisions of this SectionSection 5.8, the Trustee it shall resign immediately in the manner and with the effect hereinafter specified in Section 6.11. The provisions of this Section 6.10 are in furtherance of and subject to Section 310(a) of the Trust Indenture ActIndenture.

Appears in 2 contracts

Samples: Indenture (Republic of Indonesia), Terms and Conditions (Republic of Indonesia)

Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association Person organized and doing business under the laws of the United States of America, America or of any State thereof or the District of Columbia, Columbia having a combined capital and surplus of at least $50,000,00015,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state State or District of Columbia authority. If such corporation Person publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.116.10. The provisions of this Section 6.10 6.9 are in furtherance of and subject to Section 310(a) of the Trust Indenture ActAct of 1939.

Appears in 2 contracts

Samples: Senior Indenture (Greenlight Capital Re, Ltd.), Indenture (Greenlight Capital Re, Ltd.)

Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, America or of any State thereof or the District of Columbia, Columbia having a combined capital and surplus of at least $50,000,0005,000,000, and which is authorized under such laws to exercise corporate corpo- rate trust powers and is subject to supervision or examination by Federal, state State or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then then, for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.116.10. The provisions of this Section 6.10 6.9 are in furtherance of and subject to Section Sec- tion 310(a) of the Trust Indenture Act.Act of 1939. 48

Appears in 2 contracts

Samples: Indenture (New Tenneco Inc), New Tenneco Inc

Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, America or of any State thereof or the District of Columbia, Columbia having a combined capital and surplus of at least $50,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state State or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition condition, so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.11. The provisions of this Section 6.10 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act6.10.

Appears in 1 contract

Samples: Indenture (Progressive Corp/Oh/)

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Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, having a combined capital and surplus of at least $50,000,00010,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.11. The provisions of this Section 6.10 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act.

Appears in 1 contract

Samples: Regeneron Pharmaceuticals Inc

Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, America or of any State thereof or the District of Columbia, Columbia having a combined capital and surplus of at least $50,000,0005,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state State or District of Columbia authority. Such corporation shall have its principal place of business in the United States of America. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.11‎Section 6.10. The provisions of this Section 6.10 ‎Section 6.09 are in furtherance of and subject to Section 310(a) of the Trust Indenture ActAct of 1939.

Appears in 1 contract

Samples: Senior Indenture (Morgan Stanley Capital Trust Iv)

Persons Eligible for Appointment as Trustee. The Trustee for -------------------------------------------- each series of Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, having a combined capital and surplus of at least $50,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.11. The provisions of this Section 6.10 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act.

Appears in 1 contract

Samples: Indenture (C Cor Net Corp)

Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, having a combined capital and surplus of at least $50,000,000100,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.11. The provisions of this Section 6.10 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act.

Appears in 1 contract

Samples: Global Crossing LTD

Persons Eligible for Appointment as Trustee. The Trustee for each series Series of Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, America or of any State thereof or the District of Columbia, Columbia having a combined capital and surplus of at least $50,000,000100,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federalfederal, state or District of Columbia authorityauthority and which has a Corporate Trust Office in any State of the United States of America. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this SectionSection 6.9, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this SectionSection 6.9, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.11. The provisions of this Section 6.10 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act6.10.

Appears in 1 contract

Samples: Lithia Motors Inc

Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association organized person that is eligible pursuant to the Trust Indenture Act of 1939 to act as such and doing business under the laws of the United States of America, any State thereof or the District of Columbia, having has a combined capital and surplus of at least $50,000,000100,000,000. Such corporation shall have its principal place of business in the Commonwealth of Pennsylvania or in the Borough of Manhattan, The City of New York, if there be such a corporation in such location willing to act upon reasonable and which is authorized under such laws to exercise corporate trust powers customary terms and is subject to supervision or examination by Federal, state or District of Columbia authorityconditions. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid its supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.11. The provisions of this Section 6.10 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act6.10.

Appears in 1 contract

Samples: Indenture (Tyme Technologies, Inc.)

Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder There shall at all times be a Trustee hereunder for each series of Securities which shall be a corporation or banking association organized and doing business under the laws of the United States of America, America or of any State thereof or the District of Columbia, Columbia having a combined capital and surplus of at least $50,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state State or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then then, for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.11. The provisions of this Section 6.10 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act6.10.

Appears in 1 contract

Samples: Indenture (United States Cellular Corp)

Persons Eligible for Appointment as Trustee. The Trustee for each series Series of Securities hereunder shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, America or of any State thereof or the District of Columbia, Columbia having a combined capital and surplus of at least $50,000,000100,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state State or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.11. The provisions of this Section 6.10 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act6.10.

Appears in 1 contract

Samples: Indenture (Kellanova)

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