Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 19 contracts
Samples: Trust Agreement, Trust Agreement (Allstate Financing X), Trust Agreement (ServisFirst Bancshares, Inc.)
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 17 contracts
Samples: Trust Agreement (Us Bancorp \De\), Trust Agreement (Us Bancorp \De\), Trust Agreement (Asbc Capital Ii)
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures ICONs held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 10 contracts
Samples: Trust Agreement (Merrill Lynch & Co Inc), Trust Agreement (Merrill Lynch Capital Trust II), Trust Agreement (Us Bancorp \De\)
Banking. The Trust shall may maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 9 contracts
Samples: Trust Agreement (Webster Capital Trust VII), Trust Agreement (Webster Capital Trust Vi), Trust Agreement (Webster Capital Trust Vi)
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures Class B Preferred Securities held by the Property Trustee shall be made directly to the a Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee AccountAccounts. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee AccountAccounts.
Appears in 8 contracts
Samples: Trust Agreement (Deutsche Bank Contingent Capital LLC V), Trust Agreement (Deutsche Bank Capital Funding Trust VIII), Trust Agreement (Deutsche Bank Contingent Capital LLC V)
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 6 contracts
Samples: Declaration of Trust (Provident Capital Trust Iii), Trust Agreement (Weyerhaeuser Co), Declaration of Trust (Washington Mutual Capital I)
Banking. The Trust shall maintain one or more bank accounts in ------- the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 3 contracts
Samples: Trust Agreement (Consolidated Natural Gas Co/Va), Trust Agreement (Markel Corp), Trust Agreement (Dominion Resources Inc /Va/)
Banking. The Trust shall maintain one or more bank accounts ------- in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 3 contracts
Samples: Trust Agreement (CSX Capital Trust 1), Trust Agreement (Dominion CNG Capital Trust Ii), Trust Agreement (Dominion Resources Capital Trust Iv)
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Institutional Trustee shall be made directly to the Property Institutional Trustee Account and no other funds of the Trust shall be deposited in the Property Institutional Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; provided, however, that the Property Institutional Trustee shall designate the signatories for the Property Institutional Trustee Account.
Appears in 3 contracts
Samples: Trust Agreement (Municipal Mortgage & Equity LLC), Nuevo Energy Co, Protective Life Corp
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; providedPROVIDED, howeverHOWEVER, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; providedPROVIDED, howeverHOWEVER, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 2 contracts
Samples: Suiza Foods Corp, Vanstar Financing Trust
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures Debt Securities held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 2 contracts
Samples: Trust Agreement (Compass Trust Iii), Trust Agreement (Compass Bancshares Inc)
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures Preferred Partnership Securities held by the Property Trustee on behalf of the Trust shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 2 contracts
Samples: Trust Agreement (Texas Utilities Co /Tx/), Trust Agreement (Txu Europe Funding I L P)
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures Notes held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 2 contracts
Samples: Trust Agreement (Nexity Financial Corp), Trust Agreement (Waccamaw Bankshares Inc)
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures Company Preferred Securities held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 2 contracts
Samples: Trust Agreement (Abn Amro Holding N V), Trust Agreement (Abn Amro Bank Nv)
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 2 contracts
Samples: Exchange Agreement (Insignia Financial Group Inc /De/), Ohio Casualty Corp
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; providedPROVIDED, howeverHOWEVER, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; providedPROVIDED, howeverHOWEVER, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 2 contracts
Samples: Trust Agreement (Fonovisa Inc), Trust Agreement (Disney Capital Trust I)
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures Junior Subordinated Notes held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 2 contracts
Samples: Trust Agreement (Virginia Electric & Power Co), Trust Agreement (Virginia Electric & Power Co)
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Institutional Trustee shall be made directly to the Property Institutional Trustee Account and no other funds of the Trust shall be deposited in the Property Institutional Trustee Account. The sole signatories for such accounts shall be designated by any of the Administrative Regular Trustees; provided, however, that the Property Institutional Trustee shall designate the signatories for the Property Institutional Trustee Account.
Appears in 1 contract
Samples: Bay View Capital Corp
Banking. The Trust shall maintain one or more bank ------- accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures Partnership Preferred Securities held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole sold signatories for such accounts shall be designated by the Administrative Regular Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, PROVIDED that all payments of funds in respect of the Trust Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; provided, however, PROVIDED that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Samples: MDC Holdings Inc
Banking. The Trust shall maintain one or more non-interest bearing bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of from the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; provided, however, that the Property Trustee shall designate the sole signatories for the Property Trustee Account.
Appears in 1 contract
Samples: Trust Agreement (Acs Trust I)
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, ,that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures Preferred Partnership Securities held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall may maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Subordinated Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of from the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; provided, however, that the Property Trustee shall designate the sole signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; provided, however, that the Property Trustee shall designate the sole signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; providedPROVIDED, howeverHOWEVER, that all payments of funds in respect of the Subordinated Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; providedPROVIDED, howeverHOWEVER, that the Property Trustee shall designate the sole signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures Partnership Preferred Securities held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures Subordinated Notes held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Samples: Trust Agreement (Hercules Inc)
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures Notes held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall may maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in -------- ------- respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the -------- ------- Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Samples: Sandy Spring Capital Trust I
Banking. The Trust shall maintain one or more bank accounts ------- in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall may maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Junior Subordinated Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Samples: Mainstreet Bankgroup Inc
Banking. The Trust shall maintain one or more bank ------- accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures Partnership Preferred Securities held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Payment Account and no other funds of the Trust shall be deposited in the Property Trustee Payment Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Payment Account.
Appears in 1 contract
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; providedPROVIDED, howeverHOWEVER, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of from the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; providedPROVIDED, howeverHOWEVER, that the Property Trustee shall designate the sole signatories for the Property Trustee Account.
Appears in 1 contract
Samples: Pogo Trust Ii
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be 52 143 designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, provided however, that all payments of funds in respect of the Debentures held by the Property Institutional Trustee shall be made directly to the Property Institutional Trustee Account and no other funds of the Trust shall be deposited in the Property Institutional Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; provided, however, that the Property Institutional Trustee shall designate the signatories for the Property Institutional Trustee Account.
Appears in 1 contract
Samples: Kennametal Financing I
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Institutional Trustee shall be made directly to the Property Institutional Trustee Account and no other funds of the Trust shall be deposited in the Property Institutional Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Institutional Trustee shall designate the signatories for the Property Institutional Trustee Account.
Appears in 1 contract
Banking. The Trust shall may maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative TrusteesAdministrators; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures Company Securities held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Samples: Trust Agreement (Abn Amro Bank Nv)
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; providedPROVIDED, howeverHOWEVER, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; providedPROVIDED, howeverHOWEVER, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Samples: Zenith National Insurance Corp
Banking. The Trust shall maintain one or more bank accounts in ------------ ------- the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall may maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds -------- ------- in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that -------- ------- the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, provided that all payments of funds in respect of the Debentures Senior Notes held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, provided that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall maintain one or more bank ------- accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall may maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures Subordinated Notes held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of from the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; provided, however, that the Property Trustee shall designate the sole signatories for the Property Trustee Account.
Appears in 1 contract
Samples: Time Warner Inc
Banking. The Trust shall may maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; providedPROVIDED, howeverHOWEVER, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; providedPROVIDED, howeverHOWEVER, that the Property Trustee shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Samples: Transfer and Exchange
Banking. The Trust shall may maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee (or the Paying Agent) shall designate the signatories for the Property Trustee Account.
Appears in 1 contract
Banking. The Trust shall may maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Trustee Account.. -45-
Appears in 1 contract
Banking. The Trust shall maintain one or more bank accounts in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Debentures Notes held by the Property Trustee shall be made directly to the Property Trustee Account and no other funds of the Trust shall be deposited in the Property Trustee Account. The sole signatories for such accounts shall be designated by the Administrative Regular Trustees; provided, however, that the Property Trustee shall designate the sole signatories for the Property Trustee Account.
Appears in 1 contract
Samples: Reliastar Financing V
