Execution and Delivery of Trust Securities Certificates. At the Closing, an Administrator shall execute, on behalf of the Trust, Trust Securities Certificates, in an aggregate Liquidation Amount as provided in Sections 2.4 and 2.5, and deliver such Trust Securities Certificates to the Property Trustee for authentication. Upon such delivery, the Property Trustee shall authenticate such Trust Securities Certificates and deliver such Trust Securities Certificates in authorized denominations upon the written order of the Trust, executed by an Administrator thereof, without further corporate action by the Depositor.
Appears in 10 contracts
Samples: Trust Agreement (Gainsco Inc), Trust Agreement (Auburn National Bancorporation Inc), Trust Agreement (Alabama National Bancorporation)
Execution and Delivery of Trust Securities Certificates. At the Closing, an Administrator shall execute, on behalf of the Trust, Trust Securities Certificates, in an aggregate Liquidation Amount as provided in Sections 2.4 and 2.5, and deliver such Trust Securities Certificates to the Property Trustee for authentication. Upon such delivery, the Property Trustee shall authenticate such Trust Securities Certificates and deliver such Trust Securities Certificates in authorized denominations upon the written order of the Trust, executed by an Administrator thereof, without further corporate action by the Depositor, in authorized denominations.
Appears in 4 contracts
Samples: Trust Agreement (Crescent Banking Co), Trust Agreement (Florida Community Banks Inc), Trust Agreement (Peoples Bancorp of North Carolina Inc)
Execution and Delivery of Trust Securities Certificates. At the ClosingTime of Delivery, an Administrator shall execute, on behalf of the Trust, Trust Securities Certificates, in an aggregate Liquidation Amount as provided in Sections 2.4 2.4, 2.5 and 2.52.6, and deliver such Trust Securities Certificates to the Property Trustee for authentication. Upon such delivery, the Property Trustee shall authenticate such Trust Securities Certificates and deliver such Trust Securities Certificates in authorized denominations upon the written order of the Trust, executed by an Administrator thereof, without further corporate action by the Depositor.
Appears in 4 contracts
Samples: Trust Agreement (Centerstate Banks of Florida Inc), Trust Agreement (SBCF Capital Trust IV), Trust Agreement (SCBT Financial Corp)
Execution and Delivery of Trust Securities Certificates. At the Closing, Closing Date an Administrator shall execute, on behalf of the Trust, Trust Securities Certificates, in an aggregate Liquidation Amount as provided in Sections 2.4 and 2.5, and deliver such Trust Securities Certificates to the Property Trustee for authentication. Upon such delivery, the Property Trustee shall authenticate such Trust Securities Certificates and deliver such Trust Securities Certificates in authorized denominations upon the written order of the Trust, executed by an Administrator thereof, without further corporate action by the Depositor, in authorized denominations.
Appears in 1 contract
Samples: Trust Agreement (First Citizens Bancorporation Inc)
Execution and Delivery of Trust Securities Certificates. At the Closing, Closing Time an Administrator shall execute, on behalf of the Trust, Trust Securities Certificates, in an aggregate Liquidation Amount as provided in Sections 2.4 and 2.5, and deliver such deliversuch Trust Securities Certificates to the Property Trustee for authentication. Upon such delivery, the Property Trustee shall authenticate such Trust Securities Certificates and deliver such Trust Securities Certificates in authorized denominations upon the written order of the Trust, executed by an Administrator thereof, without further corporate action by the Depositor, in authorized denominations.
Appears in 1 contract
Samples: Trust Agreement (First Citizens Bancshares Inc /De/)