Capital Securities Guarantee Trustee; Eligibility Sample Clauses

Capital Securities Guarantee Trustee; Eligibility. (a) There shall at all times be a Capital Securities Guarantee Trustee which shall:
AutoNDA by SimpleDocs
Capital Securities Guarantee Trustee; Eligibility. (a) There shall at all times be a Capital Securities Guarantee Trustee that shall
Capital Securities Guarantee Trustee; Eligibility. 10 SECTION 4.2...... Appointment, Removal and Resignation of Capital Securities Guarantee Trustee 11 ARTICLE 5 GUARANTEE
Capital Securities Guarantee Trustee; Eligibility. ......12 ------------------------------------------------- SECTION 4.2 Appointment, Removal and Resignation of Capital Securities Guarantee Trustee........................................13 ARTICLE V GUARANTEE SECTION 5.1 Guarantee................................................13 --------- SECTION 5.2 Waiver of Notice and Demand..............................14 --------------------------- SECTION 5.3 Obligations Not Affected.................................14 ------------------------ SECTION 5.4 Rights of Holders........................................15 ----------------- SECTION 5.5 Guarantee of Payment.....................................15 -------------------- SECTION 5.6 Subrogation..............................................15 ----------- SECTION 5.7 Independent Obligations..................................16 -----------------------
Capital Securities Guarantee Trustee; Eligibility. (a) There shall at all times be a Capital Securities Guarantee Trustee which shall: (i) not be an Affiliate of the Guarantor; and (ii) be a corporation organized and doing business under the laws of the United States of America or any State or Territory thereof or of the District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least 50 million U.S. dollars ($50,000,000), and subject to supervision or examination by Federal, State, Territorial or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the supervising or examining authority referred to above, then, for the purposes of this Section 4.1(a) (ii), the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. (b) If at any time the Capital Securities Guarantee Trustee shall cease to be eligible to so act under Section 4.1(a), the Capital Securities Guarantee Trustee shall immediately resign in the manner and with the effect set out in Section 4.2(c). (c) If the Capital Securities Guarantee Trustee has or shall acquire any "conflicting interest" within the meaning of Section 310(b) of the Trust Indenture Act, the Capital Securities Guarantee Trustee and Guarantor shall in all respects comply with the provisions of Section 310(b) of the Trust Indenture Act. SECTION 4.2
Capital Securities Guarantee Trustee; Eligibility. 13 ------------------------------------------------- SECTION 4.2 Appointment, Removal and Resignation of Capital ----------------------------------------------- Securities Guarantee Trustee . . . . . . . . . . . . 14 ----------------------------
Capital Securities Guarantee Trustee; Eligibility. . . . 12 SECTION 4.2 Appointment, Removal and Resignation of Capital Securities Guarantee Trustee . . . . . . . . . . . . . . . . . . . . . 12 ARTICLE V GUARANTEE
AutoNDA by SimpleDocs

Related to Capital Securities Guarantee Trustee; Eligibility

Time is Money Join Law Insider Premium to draft better contracts faster.