Common use of Authorization of Capital Securities Clause in Contracts

Authorization of Capital Securities. On the Closing Date, the Capital Securities will have been duly authorized for issuance by the Trust pursuant to the Declaration and, when duly issued, executed and authenticated in accordance with the Declaration and delivered by the Trust against payment therefor as provided herein and in the Subscription Agreement, will be validly issued and fully paid and nonassessable undivided preferred beneficial ownership interests in the assets of the Trust; the issuance of the Capital Securities will not be subject to preemptive or other similar rights; and the Capital Securities will be in the form contemplated by, and entitled to the benefits of, the Declaration.

Authorization of Capital Securities. On At the Closing DateTime, the Capital Securities will have been duly authorized for issuance by the Trust pursuant to the Declaration andDeclaration, and when duly issued, executed and authenticated in accordance with the Declaration and delivered by the Trust against payment therefor as provided herein and in the Subscription Agreement, will be validly issued and fully paid and nonassessable undivided preferred beneficial ownership interests in the assets of the Trust; the issuance of the Capital Securities will not be subject to preemptive or other similar rights; and the Capital Securities will be in the form contemplated by, and entitled to the benefits of, the Declaration.

Authorization of Capital Securities. On the Closing Date, the Capital Securities will have been duly authorized for issuance by the Trust pursuant to the Declaration and, when duly issued, executed and authenticated in accordance with the Declaration and delivered by the Trust against payment therefor as provided herein and in the Subscription Agreement, will be validly issued and fully paid and nonassessable undivided preferred beneficial ownership interests in the assets of the Trust; the issuance of the Capital Securities will not be subject to preemptive or other similar rights; and the Capital Securities will be in the form contemplated by, and entitled to the benefits of, the Declaration.

Authorization of Capital Securities. On the Closing Date, the Capital Securities will have been duly authorized for issuance by the Trust pursuant to the Declaration and, when duly issued, executed and authenticated in accordance with the Declaration and delivered by the Trust against payment therefor as provided herein and in the Subscription Agreement, will be validly issued and fully paid and nonassessable undivided preferred beneficial ownership interests in the assets of the Trust; the issuance of the Capital Securities will not be subject to preemptive or other similar rights; and the t he Capital Securities will be in the form contemplated by, and entitled to the benefits of, the Declaration.

Authorization of Capital Securities. On At the Closing DateTime, the Capital Securities will have been duly authorized for issuance by the Trust pursuant to the Declaration andAmended Declaration, and when duly issued, executed and authenticated in accordance with the Amended Declaration and delivered by the Trust against payment therefor as provided herein and in the Subscription Agreementherein, will be validly issued and fully paid and nonassessable undivided preferred beneficial ownership interests in the assets of the Trust; the . The issuance of the Capital Securities will not be subject to preemptive or other similar rights; and the . The Capital Securities will be in the form contemplated by, and will be entitled to the benefits of, the DeclarationAmended Declaration and the Guarantee.

Authorization of Capital Securities. On At the Closing DateTime, ----------------------------------- the Capital Securities will have been duly authorized for issuance by the Trust pursuant to the Declaration andDeclaration, and when duly issued, executed and authenticated in accordance with the Declaration and delivered by the Trust against payment therefor as provided herein and in the Subscription Agreement, will be validly issued and fully paid and nonassessable undivided preferred beneficial ownership interests in the assets of the Trust; the issuance of the Capital Securities will not be subject to preemptive or other similar rights; and the Capital Securities will be in the form contemplated by, and entitled to the benefits of, the Declaration.

Authorization of Capital Securities. On the Closing Date, the The Capital Securities will have been duly authorized for issuance by the Trust pursuant to the Declaration and, on the Closing Date, when duly issued, executed executed, and authenticated in accordance with the Declaration and delivered by the Trust against payment therefor therefore as provided herein and in accordance with the Subscription Agreement, Agreement (as defined in Section 2(a) hereof) and will be validly issued and fully paid and nonassessable undivided preferred beneficial ownership interests in the assets of the Trust; the issuance of the Capital Securities will not be subject to preemptive or other similar rights; and the Capital Securities will be in the form contemplated by, and entitled to the benefits of, the Declaration.

Authorization of Capital Securities. On the Closing Date, the Capital Securities will have been duly authorized for issuance by the Trust pursuant to the Declaration andDeclaration, and when duly issued, executed and authenticated in accordance with the Declaration and delivered by the Trust against payment therefor as provided herein and in the Subscription AgreementAgreement (as defined in Section 2(a) hereof), will be validly issued and fully paid and nonassessable undivided preferred beneficial ownership interests in the assets of the Trust; the issuance of the Capital Securities will not be subject to preemptive or other similar rights; and the Capital Securities will be in the form contemplated by, and entitled to the benefits of, the Declaration.

Authorization of Capital Securities. On At the Closing DateTime, the Capital Securities will have been duly authorized for issuance by the Trust pursuant to the Declaration andAmended Declaration, and the Capital Securities, when duly issued, executed and authenticated in accordance with the Amended Declaration and delivered by the Trust against payment therefor as provided herein and in the Subscription Agreement, will be validly issued and fully paid and nonassessable undivided preferred beneficial ownership interests in the assets of the Trust; the issuance of the Capital Securities will not be subject to preemptive or other similar rights; and the Capital Securities will be in the form contemplated by, and entitled to the benefits of, the DeclarationAmended Declaration and the Guarantee.

Authorization of Capital Securities. On At the Closing DateTime, the ------------------------------------- Capital Securities will have been duly authorized for issuance by the Trust pursuant to the Declaration andDeclaration, and when duly issued, executed and authenticated in accordance with the Declaration and delivered by the Trust against payment therefor as provided herein and in the Subscription Agreement, will be validly issued and fully paid and nonassessable undivided preferred beneficial ownership interests in the assets of the Trust; the issuance of the Capital Securities will not be subject to preemptive or other similar rights; and the Capital Securities will be in the form contemplated by, and entitled to the benefits of, the Declaration.