Common use of Trust Preferred Securities Clause in Contracts

Trust Preferred Securities. Upon the Effective Time, GABC shall assume the due and punctual performance and observance of the covenants and conditions to be performed by Citizens First under the Indenture dated as of October 16, 2006 (the "Indenture") between Citizens First and Wilmington Trust Company, as trustee, relating to the capital securities issued thereunder (the "Capital Securities") and the due and punctual payments of the principal of and premium, if any, and interest on the Capital Securities, as required by Article III of the Indenture. In connection therewith, GABC shall execute and deliver any supplemental indentures, and the parties hereto shall provide any opinion of counsel to the trustee thereof, required to make such assumptions effective. ARTICLE VI

Appears in 2 contracts

Samples: Termination and Release Agreement (German American Bancorp, Inc.), Termination and Release Agreement (Citizens First Corp)

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Trust Preferred Securities. Upon the Effective Time, GABC shall assume the due and punctual performance and observance of the covenants and conditions to be performed by Citizens First RVB under the Indenture dated as of October 16March 26, 2006 2003 (the "Indenture") between Citizens First RVB and Wilmington Trust CompanyU.S. Bank National Association , as trusteeTrustee, relating to the capital securities issued thereunder Capital Securities due March 26, 2033 (the "Capital Securities") and the due and punctual payments of the principal of and premium, if any, and interest on the Capital Securities, as required by Article III XI of the Indenture. In connection therewith, GABC shall execute and deliver any supplemental indentures, and the parties hereto shall provide any opinion of counsel to the trustee thereof, required to make such assumptions effective. ARTICLE VI.

Appears in 2 contracts

Samples: Transition Employment Agreement (German American Bancorp, Inc.), Transition Employment Agreement (River Valley Bancorp)

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