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 Preferred Securities, the Regular Trustees may, in their sole discretion, appoint a successor Clearing Agency with respect to such Preferred Securities.

Appears in 3 contracts

Samples: Ohio Casualty Corp, Protective Life Corp, Kennametal Financing I

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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 Regular Trustees may, in their sole discretion, appoint a successor Clearing Agency with respect to such Trust Preferred Securities. Section 9.07.

Appears in 1 contract

Samples: Nuevo Energy Co

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

Appears in 1 contract

Samples: Vanstar Financing Trust

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

Appears in 1 contract

Samples: MDC Holdings Inc

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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 Regular Trustees may, in their sole discretion, appoint a successor Clearing Agency with respect to such the Preferred Securities.. 38

Appears in 1 contract

Samples: Pogo Trust Ii

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