Common use of Effectiveness of this Article Clause in Contracts

Effectiveness of this Article. Except for Section 8.2(a) and 8.2(b), this Article VIII shall become effective only upon a distribution of the Debentures upon dissolution of the Trust which occurs prior to the Remarketing of the Preferred Securities pursuant to the Declaration. Until such a distribution, or if such distribution occurs after the Remarketing of the Preferred Securities pursuant to the Declaration, this Article VIII (except for Section 8.2(a) and 8.2(b)) shall have no effect.

Appears in 6 contracts

Samples: New York Community Bancorp Inc, Supplemental Indenture (New York Community Bancorp Inc), Supplemental Indenture (New York Community Capital Trust I)

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Effectiveness of this Article. Except for Section 8.2(a) and 8.2(b), this Article VIII shall become effective only upon a distribution of the Debentures upon dissolution of the Trust which occurs prior to the Remarketing of the Preferred Securities pursuant to the DeclarationTrust Agreement. Until such a distribution, or if such distribution occurs after the Remarketing of the Preferred Securities pursuant to the DeclarationTrust Agreement, this Article VIII (except for Section 8.2(a) and 8.2(b)) shall have no effect.

Appears in 1 contract

Samples: Indymac Bancorp Inc

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