Common use of Initial Contribution of Trust Property; Organizational Expenses Clause in Contracts

Initial Contribution of Trust Property; Organizational Expenses. The Issuer Trustees acknowledge receipt from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Issuer Trust as they arise or shall, upon request of any Issuer Trustee, promptly reimburse such Issuer Trustee for any such expenses paid by such Issuer Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

Appears in 36 contracts

Samples: Declaration of Trust (First Merchants Corp), Declaration of Trust and Trust Agreement (Superior Bancorp), Declaration of Trust (Popular Inc)

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Initial Contribution of Trust Property; Organizational Expenses. The Issuer Trustees acknowledge Trust acknowledges receipt in trust from the Depositor in connection with the Original this Trust Agreement of the sum of $10, which constituted constitutes the initial Trust Property. The Depositor shall pay all organizational expenses of the Issuer Trust as they arise or shall, upon request of any Issuer Trustee, promptly reimburse such Issuer Trustee for any such expenses paid by such Issuer Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

Appears in 8 contracts

Samples: Trust Agreement, Trust Agreement (Morgan Stanley), Trust Agreement (Morgan Stanley)

Initial Contribution of Trust Property; Organizational Expenses. The Issuer Trustees acknowledge receipt in trust from the Depositor in connection with the Original this Trust Agreement of the sum of $10, which constituted constitutes the initial Trust Property. The Depositor shall pay all organizational expenses of the Issuer Trust as they arise or shall, upon request of any Issuer Trustee, promptly reimburse such Issuer Trustee for any such reasonable expenses paid by such Issuer Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

Appears in 6 contracts

Samples: Trust Agreement (American Safety Insurance Group LTD), Trust Agreement (Sun Capital Trust Ii), Trust Agreement (First United Corp/Md/)

Initial Contribution of Trust Property; Organizational Expenses. The Issuer Trustees acknowledge receipt from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Issuer Trust as they arise or shall, upon request of any Issuer Trustee, promptly reimburse such Issuer Trustee for any such expenses paid by such Issuer Trustee. The Depositor shall not make no any claim upon the Trust Property for the payment of such expenses.

Appears in 4 contracts

Samples: Trust Agreement (Us Bancorp \De\), Trust Agreement (Wachovia Capital Trust Iii), Trust Agreement (Marshall & Ilsley Corp/Wi/)

Initial Contribution of Trust Property; Organizational Expenses. The Issuer Trustees acknowledge receipt in trust from the Depositor in connection with the Original this Trust Agreement of the sum of $101, which constituted constitutes the initial Trust Property. The Depositor shall pay all organizational expenses of the Issuer Trust as they arise or shall, upon request of any Issuer Trustee, promptly reimburse such Issuer Trustee for any such reasonable expenses paid by such Issuer Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

Appears in 2 contracts

Samples: Trust Agreement (First Star Capital Trust), Trust Agreement (First Star Capital Trust)

Initial Contribution of Trust Property; Organizational Expenses. The Issuer Trustees acknowledge receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted constitutes the initial Trust Property. The Depositor shall pay all organizational expenses of the Issuer Trust as they arise or shall, upon request of any Issuer Trustee, promptly reimburse such Issuer Trustee for any such expenses paid by such Issuer Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

Appears in 2 contracts

Samples: Trust Agreement (United Community Capital Trust), Trust Agreement (City Holding Capital Trust)

Initial Contribution of Trust Property; Organizational Expenses. The Issuer Trustees acknowledge receipt in trust from the Depositor in connection with the Original this Trust Agreement of the sum of $10, which constituted constitutes the initial Trust Property. The Depositor shall pay all organizational expenses of the Issuer Trust as they arise or shall, upon request of any Issuer Trustee, promptly reimburse such Issuer Trustee for any such expenses paid by such Issuer Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

Appears in 1 contract

Samples: Trust Agreement (BSB Capital Trust I)

Initial Contribution of Trust Property; Organizational Expenses. The Issuer Trustees acknowledge receipt from the Depositor in connection with the Original Trust Agreement of the sum of $10__, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Issuer Trust as they arise or shall, upon request of any Issuer Trustee, promptly reimburse such Issuer Trustee for any such expenses paid by such Issuer Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

Appears in 1 contract

Samples: Trust Agreement (Bny Capital Vii)

Initial Contribution of Trust Property; Organizational Expenses. The Issuer Trustees acknowledge Trust acknowledges receipt in trust from the Depositor in connection with the Original this Trust Agreement of the sum of $10, which constituted constitutes the initial Trust Property. The Depositor shall pay all organizational expenses of the Issuer Trust as they arise or shall, upon request of any Issuer Trustee, Trustees promptly reimburse such Issuer Trustee for any such expenses paid by such Issuer Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

Appears in 1 contract

Samples: Trust Agreement (Dillards Inc)

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Initial Contribution of Trust Property; Organizational Expenses. The Issuer Trustees acknowledge Trustee acknowledges receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor Pursuant to Section 10.6 of the Indenture, the Depositor, in its capacity as the issuer of the Debentures, shall pay all of the organizational expenses of the Issuer Trust as they arise or shall, upon request of any Issuer Trustee, promptly reimburse such Issuer Trustee for any such expenses paid by such Issuer Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

Appears in 1 contract

Samples: Trust Agreement (First Hawaiian Capital I)

Initial Contribution of Trust Property; Organizational Expenses. The Issuer Trustees acknowledge receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted constitutes the initial Trust Property. The Depositor shall pay all organizational expenses of the Issuer Trust as they arise or shall, upon request of any Issuer Trustee, promptly reimburse such Issuer Trustee for any such reasonable expenses paid by such Issuer Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

Appears in 1 contract

Samples: Trust Agreement (Northeast Bancorp /Me/)

Initial Contribution of Trust Property; Organizational Expenses. The Issuer Trustees acknowledge Trust acknowledges receipt in trust from the Depositor Sponsor in connection with the Original this Trust Agreement of the sum of $10, which constituted constitutes the initial Trust Property. The Depositor Sponsor shall pay all organizational expenses of the Issuer Trust as they arise or shall, upon request of any Issuer the Property Trustee, promptly reimburse such Issuer the Property Trustee for any such expenses paid by such Issuer the Property Trustee. The Depositor Sponsor shall make no claim upon the Trust Property for the payment of such expenses.

Appears in 1 contract

Samples: Agreement (Pxre Capital Trust Iv)

Initial Contribution of Trust Property; Organizational Expenses. The Issuer Trustees acknowledge receipt from the Depositor Sponsor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor Sponsor shall pay organizational expenses of the Issuer Trust as they arise or shall, upon request of any Issuer Trustee, promptly reimburse such Issuer Trustee for any such expenses paid by such Issuer Trustee. The Neither the Sponsor nor the Depositor shall make no any claim upon the Trust Property for the payment of such expenses.

Appears in 1 contract

Samples: Trust Agreement (M&i Capital Trust C)

Initial Contribution of Trust Property; Organizational Expenses. The Issuer Trustees acknowledge receipt in trust from the Depositor in connection with the Original this Trust Agreement of the sum of $10______, which constituted constitutes the initial Trust Property. The Depositor shall pay all organizational expenses of the Issuer Trust as they arise or shall, upon request of any Issuer TrusteeTrustee or Administrators, promptly reimburse such Issuer Trustee or Administrators for any such reasonable expenses paid by such Issuer TrusteeTrustee or Administrators. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

Appears in 1 contract

Samples: Trust Agreement (Provident Trust Ii)

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