Common use of Depositary Shares Clause in Contracts

Depositary Shares. The Depositary Shares being delivered to the Underwriters at the Closing Date have been duly and validly authorized and, when issued and delivered to the Underwriters by the Depositary against payment therefor as described in the General Disclosure Package, will be duly and validly issued, will represent legal and valid interests in the Preferred Stock and will be entitled to the rights under, and the benefits of, the Deposit Agreement; and all corporate action required to be taken for the sale of the Depositary Shares has been validly and sufficiently taken; and the Depositary Shares will conform to the descriptions thereof in the General Disclosure Package and the Final Prospectus.

Depositary Shares. The Depositary Shares being delivered to the Underwriters at the Closing Date have been duly and validly authorized and, when issued and delivered to the Underwriters by the Depositary against payment therefor as described in the General Disclosure Package, will be duly and validly issued, will represent legal and valid interests in the Preferred Stock and will be entitled to the rights under, and the benefits of, the Deposit Agreement; and all . All corporate action required to be taken for the sale of the Depositary Shares has been validly and sufficiently taken; , and the Depositary Shares will conform to the descriptions thereof in the General Disclosure Package and the Final Prospectus.