Common use of Appointment of Successor Clearing Agency Clause in Contracts

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the Securities, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the Securities.

Appears in 73 contracts

Samples: Purchase Contract Agreement (Great Plains Energy Inc), Purchase Contract Agreement (Florida Power & Light Co), Purchase Contract Agreement (Great Plains Energy Inc)

AutoNDA by SimpleDocs

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the SecuritiesUnits, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the SecuritiesUnits.

Appears in 57 contracts

Samples: Purchase Contract Agreement (Florida Power & Light Co), Purchase Contract Agreement (Florida Power & Light Co), Purchase Contract Agreement (Florida Power & Light Co)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the Trust Preferred Securities, the Company may, in its sole discretion, Grantor and the Trust shall use their best efforts to appoint a successor Clearing Agency with respect to the Trust Preferred Securities.

Appears in 17 contracts

Samples: Trust Agreement (Credit Suisse (Usa) Inc), Trust Agreement (Credit Suisse (Usa) Inc), Trust Agreement (Credit Suisse Group)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the Capital Securities, the Company Administrative Trustees may, in its their sole discretion, appoint a successor Clearing Agency with respect to the such Capital Securities.

Appears in 12 contracts

Samples: Trust Agreement (Webster Capital Trust Vi), Trust Agreement (Webster Capital Trust Vi), Trust Agreement (Webster Capital Trust VII)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the Preferred Securities, the Company Administrative Trustees may, in its their sole discretion, appoint a successor Clearing Agency with respect to the such Preferred Securities.

Appears in 12 contracts

Samples: Trust Agreement, Trust Agreement (Allstate Financing X), Trust Agreement (ServisFirst Bancshares, Inc.)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the Trust Preferred Securities, the Company Administrative Trustees may, in its their sole discretion, appoint a successor Clearing Agency with respect to the such Trust Preferred Securities.

Appears in 10 contracts

Samples: Trust Agreement (Detroit Edison Trust I), Trust Agreement (Dte Energy Co), Trust Agreement (Dte Energy Co)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the Preferred Securities, the Company Administrative Trustees may, in its their sole discretion, appoint a successor Clearing Agency with respect to the Preferred Securities.

Appears in 8 contracts

Samples: Trust Agreement (Hercules Inc), Trust Agreement (Cox Trust Ii), Trust Agreement (Radio One Licenses LLC)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the SecuritiesSecurities or ceases to be eligible as a "clearing agency" under the Exchange Act, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the Securities.

Appears in 6 contracts

Samples: Purchase Contract Agreement (Keyspan Trust Iii), Purchase Contract Agreement (Dominion Resources Inc /Va/), Purchase Contract Agreement (Dominion Resources Capital Trust Iv)

Appointment of Successor Clearing Agency. If any Clearing Agency elects ceases to discontinue its services be eligible as securities depositary with respect a "clearing agency" under the Exchange Act or is unwilling or unable to the Securitiescontinue to serve as security depositary, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the Securities.

Appears in 5 contracts

Samples: Purchase Contract Agreement (Centurytel Inc), Purchase Contract Agreement (Centurytel Inc), Purchase Contract Agreement (Duke Energy Corp)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the SecuritiesUnits , the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the SecuritiesUnits.

Appears in 4 contracts

Samples: Unit Agreement (New York Community Capital Trust I), Unit Agreement (New York Community Bancorp Inc), Unit Agreement (New York Community Bancorp Inc)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the Preferred Securities, the Company Regular Trustees may, in its their sole discretion, appoint a successor Clearing Agency with respect to the such Preferred Securities.

Appears in 3 contracts

Samples: Trust Agreement (Kennametal Financing I), Supplemental Indenture (Protective Life Corp), Declaration of Trust (Ohio Casualty Corp)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the SecuritiesEquity Units and Stripped Equity Units or ceases to be eligible as a “clearing agency” under the Exchange Act, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the SecuritiesEquity Units and Stripped Equity Units.

Appears in 3 contracts

Samples: Forward Purchase Contract Agreement (American Electric Power Co Inc), Forward Purchase Contract Agreement (American Electric Power Co Inc), Forward Purchase Contract Agreement (American Electric Power Co Inc)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the Preferred Trust Securities, the Company Administrative Trustees may, in its their sole discretion, appoint a successor Clearing Agency with respect to the such Preferred Trust Securities.

Appears in 3 contracts

Samples: Trust Agreement (Txu Europe Funding I L P), Trust Agreement (Texas Utilities Co /Tx/), Trust Agreement (Txu Europe Funding I L P)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the Trust Preferred Securities, the Company Regular Trustees may, in its their sole discretion, appoint a successor Clearing Agency with respect to the such Trust Preferred Securities.

Appears in 3 contracts

Samples: Declaration of Trust (Bay View Capital Corp), Declaration of Trust (Nuevo Energy Co), Declaration of Trust (Merrill Lynch Preferred Capital Trust Iv)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the Trust Preferred Securities, the Company may, in its sole discretion, Regular Trustees shall use their best efforts to appoint a successor Clearing Agency with respect to the such Trust Preferred Securities.

Appears in 3 contracts

Samples: Trust Agreement (Abn Amro Holding N V), Trust Agreement (Abn Amro Bank Nv), Trust Agreement (Abn Amro Bank Nv)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the SecuritiesEquity Units and Stripped Units or ceases to be eligible as a "clearing agency" under the Exchange Act, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the SecuritiesEquity Units and Stripped Units.

Appears in 2 contracts

Samples: Forward Purchase Contract Agreement (American Electric Power Co Inc), Forward Purchase Contract Agreement (Aep Capital Trust Iii)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the SecuritiesEquity Security Units and Stripped Equity Security Units, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the SecuritiesEquity Security Units and Stripped Equity Security Units.

Appears in 2 contracts

Samples: Purchase Contract Agreement (Dte Energy Co), Purchase Contract Agreement (Dte Energy Co)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the SecuritiesEquity Security Units and Stripped Units or ceases to be eligible as a "clearing agency" under the Exchange Act, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the SecuritiesEquity Security Units and Stripped Units.

Appears in 2 contracts

Samples: Purchase Contract Agreement (El Paso Corp/De), Purchase Contract Agreement (El Paso Corp/De)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the Preferred Securities, the Company Regular Trustees may, in its their sole discretion, appoint a successor Clearing Agency with respect to the Preferred Securities.

Appears in 2 contracts

Samples: Declaration of Trust (Time Warner Inc), Declaration of Trust (Time Warner Inc)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the SecuritiesUnits or ceases to be eligible as a “clearing agency” under the Exchange Act, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the SecuritiesUnits.

Appears in 2 contracts

Samples: Purchase Contract Agreement (Lazard LTD), Purchase Contract Agreement (Lazard Group Finance LLC)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the Securities, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the Securities. SECTION 3.9.

Appears in 1 contract

Samples: Purchase Contract Agreement (Florida Power & Light Co)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the SecuritiesUpper DECS and Stripped DECS, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the SecuritiesUpper DECS and Stripped DECS.

Appears in 1 contract

Samples: Purchase Contract Agreement (Temple Inland Inc)

AutoNDA by SimpleDocs

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as a securities depositary with respect to the Trust Preferred Securities, the Company Administrative Trustees may, in its their sole discretion, appoint a successor Clearing Agency with respect to the such Trust Preferred Securities.

Appears in 1 contract

Samples: Securities Purchase and Exchange Agreement

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the SecuritiesDECS or ceases to be eligible as a "clearing agency" under the Exchange Act, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the SecuritiesDECS.

Appears in 1 contract

Samples: Forward Purchase Contract Agreement (Capital One Financial Corp)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to all or a portion of the Securities, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to all or a portion of the Securities.

Appears in 1 contract

Samples: Purchase Contract Agreement (Protective Life Corp)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary deposi tary with respect to the Securities, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the Securities.

Appears in 1 contract

Samples: Purchase Contract Agreement (KBHC Financing I)

Appointment of Successor Clearing Agency. If any Clearing Agency elects ceases to discontinue continue its services as securities depositary with respect to the Preferred Securities, the Company Administrative Trustees may, in its their sole discretion, appoint a successor Clearing Agency with respect to the such Preferred Securities.

Appears in 1 contract

Samples: Declaration of Trust (Sandy Spring Capital Trust I)

Appointment of Successor Clearing Agency. If any ---------------------------------------- Clearing Agency elects to discontinue its services as securities depositary with respect to the Trust Preferred Securities, the Company Regular Trustees may, in its their sole discretion, appoint a successor Clearing Agency with respect to the such Trust Preferred Securities.

Appears in 1 contract

Samples: Trust Agreement (Hei Preferred Funding L P)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary Depository with respect to the SecuritiesEquity Units and Stripped Units or ceases to be eligible as a "clearing agency" under the Exchange Act, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the SecuritiesEquity Units and Stripped Units.

Appears in 1 contract

Samples: Forward Purchase Contract Agreement (American Electric Power Co Inc)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary depository with respect to the Preferred Securities, the Company General Partner may, in its sole discretion, appoint a successor Clearing Agency with respect to the Preferred Securities.

Appears in 1 contract

Samples: Limited Partnership Agreement (Textron Inc)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the Capital Securities, the Company Administrators may, in its their sole discretion, appoint a successor Clearing Agency with respect to the such Capital Securities.

Appears in 1 contract

Samples: Trust Agreement (CNBF Capital Trust I)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary Clearing Agency with respect to the Preferred Securities, the Company Administrative Trustees may, in its their sole discretion, appoint a successor Clearing Agency with respect to the such Preferred Securities.

Appears in 1 contract

Samples: Trust Agreement (Reinsurance Group of America Inc)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary depository with respect to the Preferred Securities, the Company Regular Trustees may, in its their sole discretion, appoint a successor Clearing Agency with respect to the Preferred Securities.

Appears in 1 contract

Samples: Trust Agreement (Acs Trust I)

Appointment of Successor Clearing Agency. If any ----------------------------------------- Clearing Agency elects to discontinue its services as securities depositary with respect to the Securities, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the Securities.

Appears in 1 contract

Samples: Purchase Contract Agreement (Sprint Corp)

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depositary with respect to the SecuritiesDECS, the Company may, in its sole discretion, appoint a successor Clearing Agency with respect to the SecuritiesDECS.

Appears in 1 contract

Samples: Forward Purchase Contract Agreement (Solutia Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!