Common use of COVENANTS AS TO THE TRUST Clause in Contracts

COVENANTS AS TO THE TRUST. In the event Debentures are issued to the Trust or a trustee of such trust in connection with the issuance of Trust Securities by the Trust, for so long as such Trust Securities remain outstanding, the Company (i) will maintain 100% direct or indirect ownership of the Common Securities of the Trust; provided, however, that any successor of the Company, permitted pursuant to Article X of the Indenture, may succeed to the Company's ownership of such Common Securities, (ii) will use commercially reasonable efforts to cause the Trust (a) to remain a grantor trust, except in connection with a distribution of Debentures to the holders of Trust Securities in liquidation of the Trust, the redemption of all of the Trust Securities of the Trust, or certain mergers, consolidations or amalgamations, each as permitted by the Declaration, and (b) to otherwise continue to be classified as a grantor trust and not an association taxable as a corporation for United States federal income tax purposes and (iii) will not cause, as sponsor of the Trust, or permit, as holder of the Common Securities, the dissolution, winding-up or termination of the Trust, except in connection with a distribution of the Debentures as provided in the Declaration and in connection with certain mergers, consolidations or amalgamations.

COVENANTS AS TO THE TRUST. In the event Debentures are issued to the Trust or a trustee of such trust in connection with the issuance of Trust Securities by the Trust, for so long as such Trust Securities remain outstanding, the Company (i) will maintain 100% direct or indirect ownership of the Common Securities of the Trust; provided, however, that any successor of the Company, permitted pursuant to Article X of the Indenture, may succeed to the Company's ownership of such Common Securities, (ii) will use commercially reasonable efforts to cause the Trust (a) to remain a grantor trust, except in connection with a distribution of Debentures to the holders of Trust Securities in liquidation of the Trust, the redemption of all of the Trust Securities of the Trust, or certain mergers, consolidations or amalgamations, each as permitted by the Declaration, and (b) to otherwise continue to be classified as a grantor trust and not an association taxable as a corporation for United States federal income tax purposes and (iii) will not cause, as sponsor of the Trust, or permit, as holder of the Common Securities, the dissolution, winding-up or termination of the Trust, except in connection with a distribution of the Debentures as provided in the Declaration and in connection with certain mergers, consolidations or amalgamations. The provisions of this Section 8.2 shall apply to the Debentures in lieu of the second paragraph of Section 10.7 of the Indenture.

COVENANTS AS TO THE TRUST. In the event Debentures are issued to the Trust or a trustee of such trust in connection with the issuance of Trust Securities by the Trust, for For so long as such the Trust Securities of the Trust remain outstanding, the Company (ia) will shall maintain 100% direct or indirect ownership of the Common Securities of the Trust; provided, however, that any permitted successor of the Company, permitted pursuant to Article X of the Indenture, Company under this Indenture may succeed to the Company's ’s ownership of such the Common Securities; (b) shall not voluntarily terminate, wind up or liquidate the Trust, except upon prior approval of the Federal Reserve if then so required under applicable capital guidelines, policies or regulations of the Federal Reserve; (iic) will shall use commercially its reasonable efforts to cause the Trust (ai) to remain a grantor truststatutory trust (and to avoid involuntary termination, winding up or liquidation), except in connection with a distribution of Debentures to the holders of Trust Securities in liquidation of the TrustDebentures, the redemption of all of the Trust Securities of the Trust, Trust or certain mergers, consolidations or amalgamations, each as permitted by the Declaration, Trust Agreement; and (bii) to otherwise continue to be classified as a grantor trust and not as an association taxable as a corporation or partnership for United States federal income tax purposes purposes; and (iiid) will not cause, as sponsor of the Trust, or permit, as shall use its reasonable efforts to cause each holder of the Common Securities, the dissolution, winding-up or termination of the Trust, except in connection with a distribution of the Debentures Trust Securities to be treated as provided owning an individual beneficial interest in the Declaration and in connection with certain mergers, consolidations or amalgamationsDebentures.

COVENANTS AS TO THE TRUST. In the event Debentures Securities are issued to the Trust or a trustee of such trust Trust in connection with the issuance of Trust Securities by the Trust, for so long as such Trust Securities remain outstanding, the Company Corporation (i) will maintain 100% direct or indirect ownership of the Common Securities of the Trust; provided, however, that any successor of the CompanyCorporation, permitted pursuant to Article X of the IndentureX, may succeed to the CompanyCorporation's ownership of such Common Securities, (ii) will use commercially reasonable efforts to cause the Trust (a) to remain a grantor business trust, except in connection with a distribution of Debentures Securities to the holders of Trust Securities in liquidation of the Trust, the redemption of all of the Trust Securities of the Trust, or certain mergers, consolidations or amalgamations, each as permitted by the Declaration, and (b) to otherwise continue to be classified as a grantor trust and not an association taxable as a corporation for United States federal income tax purposes purposes, (iii) will use commercially reasonable efforts to cause each holder of the Trust Securities to be treated as owning an undivided beneficial interest in the Securities and (iiiiv) will not cause, as sponsor of the Trust, or permit, as holder of the Common Securities, the dissolution, winding-up or termination liquidation of the Trust, except in connection with a distribution of the Debentures as provided in the Declaration and in connection with certain mergers, consolidations or amalgamationsDeclaration.