Common use of Election to Exchange Clause in Contracts

Election to Exchange. The election of the Company to exchange Capital Securities for Debt Securities pursuant to Section 1403 shall be evidenced by a Board Resolution.

Appears in 11 contracts

Samples: Indenture (Indymac Bancorp Inc), Indenture (Wells Fargo & Co/Mn), Indenture (Sovereign Capital Trust Iv)

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Election to Exchange. The election of the Company to exchange Capital Securities for Debt Securities pursuant to Section 1403 1503 shall be evidenced by a Board Resolution.

Appears in 2 contracts

Samples: Indenture (M&i Capital Trust C), Indenture (South Financial Group Inc)

Election to Exchange. The election of the Company to exchange Capital Securities for Debt Securities pursuant to Section 1403 shall be evidenced by a Board Resolution.:

Appears in 1 contract

Samples: Indenture (Indymac Capital Trust I)

Election to Exchange. The election of the Company to exchange Capital Securities for Debt Securities pursuant to Section 1403 14.3 shall be evidenced by a Board Resolution.

Appears in 1 contract

Samples: Indenture (Sovereign Capital Trust V)

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Election to Exchange. 82 92 The election of the Company to exchange Capital Securities for Debt Securities pursuant to Section 1403 shall be evidenced by a Board Resolution.

Appears in 1 contract

Samples: Indenture (Indymac Capital Trust I)

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