Common use of DEFINITIVE PREFERRED TRUST SECURITIES CERTIFICATES Clause in Contracts

DEFINITIVE PREFERRED TRUST SECURITIES CERTIFICATES. Upon initial issuance of the Preferred Trust Securities, the Definitive Preferred Trust Securities Certificates shall be typewritten, printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Administrative Trustees, as evidenced by the execution thereof by the Administrative Trustees, or any one of them. The Administrative Trustees, or any one of them, shall execute on behalf of the Trust by manual or facsimile signature, and, if executed by facsimile on behalf of the Trust, countersigned by the Transfer Agent and Registrar or its agent, the Definitive Preferred Trust Securities Certificates initially in accordance with the instructions of the Depositor. Neither the Transfer Agent and Registrar nor any of the Administrative Trustees shall be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions.

Appears in 9 contracts

Samples: Trust Agreement (Txu Capital Iv), Trust Agreement (Txu Capital Iv), Trust Agreement (Txu Capital I)

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DEFINITIVE PREFERRED TRUST SECURITIES CERTIFICATES. [Upon initial issuance of the Preferred Trust Securities, the the] Definitive Preferred Trust Securities Certificates shall be typewritten, printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Administrative Trustees, as evidenced by the execution thereof by the Administrative Trustees, or any one of them. The Administrative Trustees, or any one of them, shall execute on behalf of the Trust by manual or facsimile signature, and, if executed by facsimile on behalf of the Trust, countersigned by the Transfer Agent and Registrar or its agent, the Definitive Preferred Trust Securities Certificates initially in accordance with the instructions of the Depositor. Neither the Transfer Agent and Registrar nor any of the Administrative Trustees shall be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions.

Appears in 1 contract

Samples: Trust Agreement (Pp&l Capital Funding Trust I)

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