Definitive Trust Preferred Security Certificates. If (a) a Clearing Agency notifies the Trust that it is unwilling or unable to continue its services as securities depositary with respect to the Trust Preferred Securities and a successor Clearing Agency is not appointed within 90 days after such discontinuance pursuant to Section 10.06, (b) the Regular Trustees elect after consultation with the Sponsor to terminate the book-entry system through the Clearing Agency with respect to the Trust Preferred Securities, (c) a Clearing Agency has ceased to be a clearing agency registered under the Exchange Act or (d) there shall have occurred and be continuing an Event of Default or any event which after notice or lapse of time or both would be an Event of Default under either of the Guarantees, then: (i) Definitive Trust Preferred Security Certificates shall be prepared by the Property Trustee on behalf of the Trust with respect to the Trust Preferred Securities; and (ii) upon surrender of the Global Certificates by the Clearing Agency, accompanied by registration instructions, the Property Trustee shall cause Definitive Trust Preferred Security Certificates to be delivered to Trust Preferred Security Beneficial Owners in accordance with the instructions of the Clearing Agency. Neither the Trustees nor the Trust shall be liable for any delay in delivery of such instructions and each of them may conclusively rely on and shall be fully protected in relying on, said instructions of the Clearing Agency. The Definitive Trust Preferred Security Certificates shall be printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Property Trustee, as evidenced by its execution thereof, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements as the Property Trustee may deem appropriate, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which Trust Preferred Securities may be listed, or to conform to usage.
Appears in 3 contracts
Samples: Trust Agreement (Abn Amro Holding N V), Trust Agreement (Abn Amro Bank Nv), Trust Agreement (Abn Amro Bank Nv)
Definitive Trust Preferred Security Certificates. If If:
(a) a Clearing Agency notifies the Trust that it is unwilling or unable elects to continue discontinue its services as securities depositary with respect to the Trust Preferred Securities and a successor Clearing Agency is not appointed within 90 days after such discontinuance pursuant to Section 10.06, 9.6; or 41
(b) the Regular Administrative Trustees elect after consultation with the Sponsor to terminate the book-entry system through the Clearing Agency with respect to the Trust Preferred Securities, (c) a Clearing Agency has ceased to be a clearing agency registered under the Exchange Act or (d) there shall have occurred and be continuing an Event of Default or any event which after notice or lapse of time or both would be an Event of Default under either of the Guarantees, then:
(i1) Definitive definitive fully registered Trust Preferred Security Certificates shall be prepared and executed by the Administrative Trustees and authenticated by the Property Trustee on behalf of the Trust with respect to the such Trust Preferred Securities; and
(ii2) upon surrender of the any Global Certificates Certificate by the Clearing Agency, accompanied by registration instructions, the Administrative Trustees shall cause definitive fully registered Trust Preferred Securities Certificates to be executed, and the Property Trustee shall cause Definitive such Trust Preferred Security Securities Certificates to be authenticated and delivered to Trust Preferred Security Beneficial Owners in accordance with the instructions of the Clearing Agency. Neither the Trustees nor the Trust shall be liable for any delay in delivery of such instructions and each of them may conclusively rely on and shall be fully protected in relying on, said instructions of the Clearing Agency. The Definitive definitive fully registered Trust Preferred Security Certificates shall be printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Property TrusteeAdministrative Trustees, as evidenced by its their execution thereof, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements as the Administrative Trustees and the Property Trustee may deem appropriate, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which Trust Preferred Securities may be listed, or to conform to usage.
Appears in 3 contracts
Samples: Trust Agreement (Dte Energy Co), Trust Agreement (Dte Energy Co), Trust Agreement (Detroit Edison Trust I)
Definitive Trust Preferred Security Certificates. If If:
(a) a Clearing Agency notifies the Trust that it is unwilling or unable elects to continue discontinue its services as securities depositary with respect to the Trust Preferred Securities and a successor Clearing Agency is not appointed within 90 days after such discontinuance pursuant to Section 10.06, 9.6; or
(b) the Regular Administrative Trustees elect after consultation with the Sponsor to terminate the book-entry system through the Clearing Agency with respect to the Trust Preferred Securities, (c) a Clearing Agency has ceased to be a clearing agency registered under the Exchange Act or (d) there shall have occurred and be continuing an Event of Default or any event which after notice or lapse of time or both would be an Event of Default under either of the Guarantees, then:
(i1) Definitive definitive fully registered Trust Preferred Security Certificates shall be prepared and executed by the Administrative Trustees and authenticated by the Property Trustee on behalf of the Trust with respect to the such Trust Preferred Securities; and
(ii2) upon surrender of the any Global Certificates Certificate by the Clearing Agency, accompanied by registration instructions, the Administrative Trustees shall cause definitive fully registered Trust Preferred Securities Certificates to be executed, and the Property Trustee shall cause Definitive such Trust Preferred Security Securities Certificates to be authenticated and delivered to Trust Preferred Security Beneficial Owners in accordance with the instructions of the Clearing Agency. Neither the Trustees nor the Trust shall be liable for any delay in delivery of such instructions and each of them may conclusively rely on and shall be fully protected in relying on, said instructions of the Clearing Agency. The Definitive definitive fully registered Trust Preferred Security Certificates shall be printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Property TrusteeAdministrative Trustees, as evidenced by its their execution thereof, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements as the Administrative Trustees and the Property Trustee may deem appropriate, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which Trust Preferred Securities may be listed, or to conform to usage.
Appears in 2 contracts
Samples: Trust Agreement (Dte Energy Co), Trust Agreement (Dte Energy Co)
Definitive Trust Preferred Security Certificates. If ------------------------------------------------
(a) a Clearing Agency notifies the Trust that it is unwilling or unable elects to continue discontinue its services as securities depositary with respect to the Trust Preferred Securities and a successor Clearing Agency is not appointed within 90 days after such discontinuance pursuant to Section 10.06, 10.6; (b) the Regular Trustees elect after consultation with the Sponsor to terminate the book-entry system through the Clearing Agency with respect to the Trust Preferred Securities, ; or (c) there is a Clearing Agency has ceased to be a clearing agency registered under the Exchange Act or (d) there shall have occurred and be continuing an Event of Default or any event which after notice or lapse of time or both would be an Event of Default under either of the Guarantees, Trust Enforcement Event; then:
(i) Definitive Trust Preferred Security Certificates shall be prepared by the Property Trustee Regular Trustees on behalf of the Trust with respect to the such Trust Preferred Securities; and
(ii) upon surrender of the Global Certificates by the Clearing Agency, accompanied by registration instructions, the Property Trustee Regular Trustees shall cause Definitive Trust Preferred Security Certificates to be delivered to Trust Preferred Security Beneficial Owners in accordance with the instructions of the Clearing Agency. Neither the Trustees nor the Trust shall be liable for any delay in delivery of such instructions and each of them may conclusively rely on and shall be fully protected in relying on, said instructions of the Clearing Agency. The Definitive Trust Preferred Security Certificates shall be printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Property TrusteeRegular Trustees, as evidenced by its one or more of their execution thereof, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements as the Property Trustee Regular Trustees may deem appropriate, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which Trust Preferred Securities may be listed, or to conform to usage.
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Definitive Trust Preferred Security Certificates. If If:
(a) a Clearing Agency notifies the Trust that it is unwilling or unable elects to continue discontinue its services as securities depositary with respect to the Trust Preferred Securities and a successor Clearing Agency is not appointed within 90 days after such discontinuance pursuant to Section 10.06, 9.06; or
(b) the Regular Trustees elect after consultation with the Sponsor to terminate the book-book entry system through the Clearing Agency with respect to the Trust Preferred Securities, (c) a Clearing Agency has ceased to be a clearing agency registered under the Exchange Act or (d) there shall have occurred and be continuing an Event of Default or any event which after notice or lapse of time or both would be an Event of Default under either of the Guarantees, then:
(ic) Definitive Trust Preferred Security Certificates shall be prepared by the Property Trustee Regular Trustees on behalf of the Trust with respect to the such Trust Preferred Securities; and
(iid) upon surrender of the Global Certificates by the Clearing Agency, accompanied by registration instructions, the Property Trustee Regular Trustees shall cause Definitive Trust Preferred Security Certificates to be delivered to Trust Preferred Security Beneficial Owners in accordance with the instructions of the Clearing Agency. Neither the Trustees nor the Trust shall be liable for any delay in delivery of such instructions and each of them may conclusively rely on and shall be fully protected in relying on, said instructions of the Clearing Agency. The Definitive Trust Preferred Security Certificates shall be printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Property TrusteeRegular Trustees, as evidenced by its their execution thereof, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements as the Property Trustee Regular Trustees may deem appropriate, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which Trust Preferred Securities may be listed, or to conform to usage.
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Definitive Trust Preferred Security Certificates. If If:
(a) a Clearing Agency notifies the Trust that it is unwilling or unable elects to continue discontinue its services as securities depositary with respect to the Trust Preferred Securities and a successor Clearing Agency is not appointed within 90 days after such discontinuance pursuant to Section 10.06, 10.6 or
(b) the Regular Trustees elect after consultation with the Sponsor to terminate the book-book entry system through the Clearing Agency with respect to the Trust Preferred Securities, ,
(c) there is a Clearing Agency has ceased to be a clearing agency registered under the Exchange Act or (d) there shall have occurred and be continuing an Event of Default or any event which after notice or lapse of time or both would be an Event of Default under either of the GuaranteesTrust Enforcement Event, then:
(id) Definitive Trust Preferred Security Certificates shall be prepared by the Property Trustee Regular Trustees on behalf of the Trust with respect to the such Trust Preferred Securities; and
(iie) upon surrender of the Global Certificates by the Clearing Agency, accompanied by registration instructions, the Property Trustee Regular Trustees shall cause Definitive Trust Preferred Security Certificates to be delivered to Trust Preferred Security Beneficial Owners in accordance with the instructions of the Clearing Agency. Neither the Trustees nor the Trust shall be liable for any delay in delivery of such instructions and each of them may conclusively rely on and shall be fully protected in relying on, said instructions of the Clearing Agency. The Definitive Trust Preferred Security Certificates shall be printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Property TrusteeRegular Trustees, as evidenced by its their execution thereof, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements as the Property Trustee Regular Trustees may deem appropriate, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which Trust Preferred Securities may be listed, or to conform to usage.
Appears in 1 contract
Samples: Declaration of Trust (Merrill Lynch Preferred Capital Trust Iv)
Definitive Trust Preferred Security Certificates. If ------------------------------------------------
(a) a Clearing Agency notifies the Trust that it is unwilling or unable Depository elects to continue discontinue its services as securities depositary with respect to the Trust Preferred Securities and a successor Clearing Agency Depository is not appointed within 90 days after such discontinuance pursuant to Section 10.0610.6, (b) the Regular Trustees elect after consultation with the Sponsor to terminate the book-entry system through the Clearing Agency Depository with respect to the Trust Preferred Securities, or (c) there is a Clearing Agency has ceased to be a clearing agency registered under the Exchange Act or (d) there shall have occurred and be continuing an Event of Default or any event which after notice or lapse of time or both would be an Event of Default under either of the GuaranteesTrust Enforcement Event, then:
(i) Definitive Trust Preferred Security Certificates shall be prepared by the Property Trustee Regular Trustees on behalf of the Trust with respect to the such Trust Preferred Securities; and
(ii) upon surrender of the Global Certificates Certificate (or Certificates) representing the Trust Preferred Securities by the Clearing AgencyDepository, accompanied by registration instructions, the Property Trustee Regular Trustees shall cause Definitive Trust Preferred Security Certificates to be delivered to Trust Preferred Security Beneficial Owners in accordance with the instructions of the Clearing AgencyDepository. Neither the Trustees nor the Trust shall be liable for any delay in delivery of such instructions and each of them may conclusively rely on and shall be fully protected in relying on, said instructions of the Clearing AgencyDepository. The Definitive Trust Preferred Security Certificates shall be printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Property TrusteeRegular Trustees, as evidenced by its one or more of their execution thereof, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements as the Property Trustee Regular Trustees may deem appropriate, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which Trust Preferred Securities may be listed, or to conform to usage.
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Definitive Trust Preferred Security Certificates. If If, following the issuance of Global Certificates:
(a) a Clearing Agency notifies the Trust that it is unwilling or unable elects to continue discontinue its services as a securities depositary with respect to the Trust Preferred Securities and a successor Clearing Agency is not appointed within 90 days after such discontinuance pursuant to Section 10.06, 9.6; or
(b) the Regular Administrative Trustees elect after consultation with the Sponsor and subject to the procedures of the Clearing Agency to terminate the book-book entry system through the Clearing Agency with respect to the Trust Preferred Securities, (c) a Clearing Agency has ceased to be a clearing agency registered under the Exchange Act or (d) there shall have occurred and be continuing an Event of Default or any event which after notice or lapse of time or both would be an Event of Default under either of the Guarantees, then:
(ic) Definitive Trust Preferred Security Certificates shall be prepared by the Property Trustee Administrative Trustees on behalf of the Trust with respect to the such Trust Preferred Securities; and
(iid) upon surrender of the Global Certificates by the Clearing Agency, accompanied by registration instructions, the Property Trustee Administrative Trustees and the Security Registrar shall cause Definitive Trust Preferred Security Certificates to be delivered to Trust Preferred Security Beneficial Owners in accordance with the instructions of the Clearing Agency. Neither the Trustees nor the Trust nor the Security Registrar shall be liable for any delay in delivery of such instructions and each of them may conclusively rely on and shall be fully protected in relying on, said instructions of the Clearing Agency. The Definitive Trust Preferred Security Certificates shall be printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Property TrusteeAdministrative Trustees, as evidenced by its their execution thereof, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements as the Property Trustee Administrative Trustees may deem appropriate, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which Trust Preferred Securities may be listed, or to conform to usage.
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Definitive Trust Preferred Security Certificates. If If:
(a) a Clearing Agency notifies the Trust that it is unwilling or unable elects to continue discontinue its services as securities depositary with respect to the Trust Preferred Securities and a successor Clearing Agency is not appointed within 90 days after such discontinuance pursuant to Section 10.06, 9.6; or
(b) the Regular Administrative Trustees elect after consultation with the Sponsor to terminate the book-entry system through the Clearing Agency with respect to the Trust Preferred Securities, (c) a Clearing Agency has ceased to be a clearing agency registered under the Exchange Act or (d) there shall have occurred and be continuing an Event of Default or any event which after notice or lapse of time or both would be an Event of Default under either of the Guarantees, then:
(i) Definitive definitive fully registered Trust Preferred Security Certificates shall be prepared and executed by the Administrative Trustees and authenticated by the Property Trustee on behalf of the Trust with respect to the such Trust Preferred Securities; and
(ii) upon surrender of the any Global Certificates Certificate by the Clearing Agency, accompanied by registration instructions, the Administrative Trustees shall cause definitive fully registered Trust Preferred Securities Certificates to be executed, and the Property Trustee shall cause Definitive such Trust Preferred Security Securities Certificates to be authenticated and delivered to Trust Preferred Security Beneficial Owners in accordance with the instructions of the Clearing Agency. Neither the Trustees nor the Trust shall be liable for any delay in delivery of such instructions and each of them may conclusively rely on and shall be fully protected in relying on, said instructions of the Clearing Agency. The Definitive definitive fully registered Trust Preferred Security Certificates shall be printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Property TrusteeAdministrative Trustees, as evidenced by its their execution thereof, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements as the Administrative Trustees and the Property Trustee may deem appropriate, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which Trust Preferred Securities may be listed, or to conform to usage.
Appears in 1 contract
Samples: Trust Agreement (Apache Corp)