Common use of Deposit of Series K Preferred Stock; Execution and Delivery of Receipts in Respect Thereof Clause in Contracts

Deposit of Series K Preferred Stock; Execution and Delivery of Receipts in Respect Thereof. Subject to the terms and conditions of this Deposit Agreement, the Company may from time to time deposit shares of Series K Preferred Stock with the Depositary under this Deposit Agreement by delivery to the Depositary of a certificate or certificates representing the shares of Series K Preferred Stock to be deposited. Such certificate or certificates representing the shares of Series K Preferred Stock shall be (i) properly endorsed or, if required by the Depositary, accompanied by a duly executed instrument of transfer or endorsement, in form satisfactory to the Depositary, together with all such certifications as may be required by the Depositary in accordance with the provisions of this Deposit Agreement, and (ii) accompanied by a written order of the Company directing the Depositary to execute and deliver to the person or persons named in such order a Receipt or Receipts evidencing in the aggregate, the number of Depositary Shares representing interests in such deposited shares of Series K Preferred Stock. All shares of Series K Preferred Stock deposited by the Company with the Depositary shall be held by the Depositary at the Depositary's Office or at such other place or places as the Depositary shall determine. Upon receipt by the Depositary of a certificate or certificates representing shares of Series K Preferred Stock deposited with the Depositary by the Company in accordance with the provisions of this Section 2.02, together with the other documents required as above specified, and upon recordation of the shares of Series K Preferred Stock so deposited on the books of the Company in the name of the Depositary or its nominee, the Depositary, subject to the terms and conditions of this Deposit Agreement, shall execute and deliver, to the person or persons named in the written order delivered to the Depositary, a Receipt or Receipts, evidencing in the aggregate the number of Depositary Shares representing interests in the shares of Series K Preferred Stock so deposited. Such Receipt or Receipts shall be registered by the Depositary or the Registrar in such name or names as may be requested by the person or persons named in the written order. The Depositary shall execute and deliver such Receipts at the Depositary's Office or such other offices, if any, as such person may designate. Delivery at other offices shall be at the risk and expense of the person requesting such delivery. Other than in the case of splits, combinations or other reclassifications affecting the Series K Preferred Stock, or in the case of dividends or other distributions in the form of shares of Series K Preferred Stock, if any, there shall be deposited with the Depositary hereunder not more than 500 shares of Series K Preferred Stock.

Appears in 2 contracts

Samples: Deposit Agreement (Washington Mutual Inc), Deposit Agreement (Washington Mutual Inc)

AutoNDA by SimpleDocs

Deposit of Series K Preferred Stock; Execution and Delivery of Receipts in Respect Thereof. Subject to the terms and conditions of this Deposit Agreement, the Company Corporation may from time to time deposit shares of Series K Preferred Stock with the Depositary under this Deposit Agreement by delivery to the Depositary of a certificate or certificates representing the for such shares of Series K Preferred Stock to be deposited. Such certificate or certificates representing the shares of Series K Preferred Stock shall be (i) , properly endorsed oror accompanied, if required by the Depositary, accompanied by a duly executed instrument of transfer or endorsement, in form satisfactory to the Depositary, together with all such certifications as may be required by the Depositary in accordance with the provisions of this Deposit AgreementAgreement and an executed Officer’s Certificate attaching the Certificate of Designations and all other information required to be set forth therein, and (ii) accompanied by together with a written order of the Company Corporation directing the Depositary to execute and deliver to to, or upon the written order of, the person or persons named stated in such order a Receipt or Receipts evidencing in the aggregate, aggregate the number of Depositary Shares representing interests in such deposited shares of Series K Preferred Stock. All shares Each Officer’s Certificate delivered to the Depositary in accordance with the terms of this Deposit Agreement shall be deemed to be incorporated into this Deposit Agreement and shall be binding on the Corporation, the Depositary and the Holders of Receipts to which such Officer’s Certificate relates. The Series K Preferred Stock that is deposited by the Company with the Depositary shall be held by the Depositary at the Depositary's ’s Office or at such other place or places as the Depositary shall determine. The Depositary shall not lend any Series K Preferred Stock deposited hereunder. Upon receipt by the Depositary of a certificate or certificates representing shares of for Series K Preferred Stock deposited with the Depositary by the Company in accordance with the provisions of this Section 2.02Section, together with the other documents required as above specified, and upon recordation of the shares of Series K Preferred Stock so deposited on the books of the Company Corporation (or its duly appointed transfer agent) in the name of the Depositary or its nominee, the Depositary, subject to the terms and conditions of this Deposit Agreement, shall execute and deliver, deliver to or upon the order of the person or persons named in the written order delivered to the DepositaryDepositary referred to in the first paragraph of this Section, a Receipt or Receipts, Receipts evidencing in the aggregate the number of Depositary Shares representing interests in the shares of Series K Preferred Stock so deposited. Such Receipt or Receipts shall be deposited and registered by the Depositary or the Registrar in such name or names as may be requested by the such person or persons named in the written orderpersons. The Depositary shall execute and deliver such Receipt or Receipts at the Depositary's ’s Office or such other offices, if any, as such person the Depositary may designate. Delivery at other offices shall be at the risk and expense of the person requesting such delivery. Other than in the case of splits, combinations or other reclassifications affecting the Series K Preferred Stock, or in the case of dividends or other distributions in the form of shares of Series K Preferred Stock, if any, there shall be deposited with the Depositary hereunder not more than 500 shares of Series K Preferred Stock.

Appears in 1 contract

Samples: Deposit Agreement (PNC Financial Services Group Inc)

Deposit of Series K Preferred Stock; Execution and Delivery of Receipts in Respect Thereof. Subject to the terms and conditions of this Deposit Agreement, the Company Corporation may from time to time deposit shares of Series K Preferred Stock with the Depositary under this Deposit Agreement by delivery delivering to the Depositary of a certificate or certificates representing the Depositary, including via electronic book-entry, such shares of Series K Preferred Stock to be deposited. Such certificate or certificates representing the shares of Series K Preferred Stock shall be (i) , properly endorsed oror accompanied, if applicable and required by the Depositary, accompanied by a duly executed instrument of transfer or endorsement, in form satisfactory to the Depositary, together with all such certifications as may be required by the Depositary in accordance with the provisions of this Deposit AgreementAgreement and an executed Officer’s Certificate attaching the Certificate of Designations and all other information required to be set forth therein, and (ii) accompanied by together with a written order of the Company Corporation directing the Depositary to execute and deliver to to, or upon the written order of, the person or persons named stated in such order a Receipt or Receipts evidencing in the aggregate, aggregate the number of Depositary Shares representing interests in such deposited shares of Series K Preferred Stock. All shares Each Officer’s Certificate delivered to the Depositary in accordance with the terms of this Deposit Agreement shall be deemed to be incorporated into this Deposit Agreement and shall be binding on the Corporation, the Depositary and the Holders of Receipts to which such Officer’s Certificate relates. The Series K Preferred Stock that is deposited by the Company with the Depositary shall be held by the Depositary at the Depositary's ’s Office or at such other place or places as the Depositary shall determine. The Depositary shall not lend any Series K Preferred Stock deposited hereunder. Upon receipt by the Depositary of a certificate or certificates representing shares of Series K Preferred Stock deposited with the Depositary by the Company in accordance with the provisions of this Section 2.02Section, together with the other documents required as above specified, and upon recordation of the shares of Series K Preferred Stock so deposited on the books of the Company Corporation (or its duly appointed transfer agent) in the name of the Depositary or its nominee, the Depositary, subject to the terms and conditions of this Deposit Agreement, shall execute and deliver, deliver to or upon the order of the person or persons named in the written order delivered to the DepositaryDepositary referred to in the first paragraph of this Section, a Receipt or Receipts, Receipts evidencing in the aggregate the number of Depositary Shares representing interests in the shares of Series K Preferred Stock so deposited. Such Receipt or Receipts shall be deposited and registered by the Depositary or the Registrar in such name or names as may be requested by the such person or persons named in the written orderpersons. The Depositary shall execute and deliver such Receipt or Receipts at the Depositary's ’s Office or such other offices, if any, as such person the Depositary may designate. Delivery at other offices shall be at the risk and expense of the person requesting such delivery. Other than in the case of splits, combinations or other reclassifications affecting the Series K Preferred Stock, or in the case of dividends or other distributions in the form of shares of Series K Preferred Stock, if any, there shall be deposited with the Depositary hereunder not more than 500 shares of Series K Preferred Stock.

Appears in 1 contract

Samples: Deposit Agreement (Capital One Financial Corp)

AutoNDA by SimpleDocs

Deposit of Series K Preferred Stock; Execution and Delivery of Receipts in Respect Thereof. Subject to the terms and conditions of this Deposit Agreement, the Company Corporation may from time to time deposit shares of Series K Preferred Stock with the Depositary under this Deposit Agreement by delivery to the Depositary of a certificate or certificates representing the for such shares of Series K Preferred Stock to be deposited. Such certificate or certificates representing the shares of Series K Preferred Stock shall be (i) , properly endorsed oror accompanied, if required by the Depositary, accompanied by a duly executed instrument of transfer or endorsement, in form satisfactory to the Depositary, together with all such certifications as may be required by the Depositary in accordance with the provisions of this Deposit AgreementAgreement and an executed Officer’s Certificate attaching the Certificate and all other information required to be set forth therein, and (ii) accompanied by together with a written order of the Company Corporation directing the Depositary to execute and deliver to to, or upon the written order of, the person or persons named stated in such order a Receipt or Receipts evidencing in the aggregate, aggregate the number of Depositary Shares representing interests in such deposited shares of Series K Preferred Stock. All shares Each Officer’s Certificate delivered to the Depositary in accordance with the terms of this Deposit Agreement shall be deemed to be incorporated into this Deposit Agreement and shall be binding on the Corporation, the Depositary and the Holders of Receipts to which such Officer’s Certificate relates. The Series K Preferred Stock that is deposited by the Company with the Depositary shall be held by the Depositary at the Depositary's ’s Office or at such other place or places as the Depositary shall determine. The Depositary shall not lend any Series K Preferred Stock deposited hereunder. Upon receipt by the Depositary of a certificate or certificates representing shares of for Series K Preferred Stock deposited with the Depositary by the Company in accordance with the provisions of this Section 2.02Section, together with the other documents required as above specified, and upon recordation of the shares of Series K Preferred Stock so deposited on the books of the Company Corporation (or its duly appointed transfer agent) in the name of the Depositary or its nominee, the Depositary, subject to the terms and conditions of this Deposit Agreement, shall execute and deliver, deliver to or upon the order of the person or persons named in the written order delivered to the DepositaryDepositary referred to in the first paragraph of this Section, a Receipt or Receipts, Receipts evidencing in the aggregate the number of Depositary Shares representing interests in the shares of Series K Preferred Stock so deposited. Such Receipt or Receipts shall be deposited and registered by the Depositary or the Registrar in such name or names as may be requested by the such person or persons named in the written orderpersons. The Depositary shall execute and deliver such Receipt or Receipts at the Depositary's ’s Office or such other offices, if any, as such person the Depositary may designate. Delivery at other offices shall be at the risk and expense of the person requesting such delivery. Other than in the case of splits, combinations or other reclassifications affecting the Series K Preferred Stock, or in the case of dividends or other distributions in the form of shares of Series K Preferred Stock, if any, there shall be deposited with the Depositary hereunder not more than 500 shares of Series K Preferred Stock.

Appears in 1 contract

Samples: Deposit Agreement (Us Bancorp \De\)

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