Common use of COVENANTS AS TO PURCHASES Clause in Contracts

COVENANTS AS TO PURCHASES. Except upon the exercise by the Company of its right to redeem the Debentures pursuant to Section 3.2 upon the occurrence and continuation of a Special Event or pursuant to Section 3.3(a) or Section 3.3(b), prior to the Scheduled Maturity Date, the Company shall not purchase any Debentures, in whole or in part, from the Trust.

Appears in 2 contracts

Samples: Indenture (Capitol Trust Xv), Capitol Bancorp LTD

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COVENANTS AS TO PURCHASES. Except upon the exercise by the Company of its right to redeem the Debentures pursuant to Section 3.2 upon the occurrence and continuation of a Special Event or pursuant to Section 3.3(a) or Section 3.3(b), prior to the Scheduled Maturity DateDecember 31, 2003, the Company shall not purchase any Debentures, in whole or in part, from the Trust.

Appears in 1 contract

Samples: Southside Capital Trust Ii

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COVENANTS AS TO PURCHASES. Except upon the exercise by the Company of its right to redeem the Debentures pursuant to Section 3.2 upon the occurrence and continuation of a Special Event or pursuant to Section 3.3(a) or Section 3.3(b), prior to the Scheduled Maturity DateMarch 31, 2007, the Company shall not purchase any Debentures, in whole or in part, from the Trust.

Appears in 1 contract

Samples: American Bank Inc

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