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

Initial Contribution of Trust Property; Organizational Expenses. The Sponsor deposited the sum of $10 in connection with the Original Trust Agreement, which constituted the initial Trust Property. The Sponsor shall pay 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 Sponsor shall make no claim upon the Trust Property for the payment of such expenses.

Appears in 4 contracts

Samples: Declaration of Trust (CT Public Preferred Trust III), Declaration of Trust (CT Public Preferred Trust I), Trust Agreement (Webster Financial Corp)

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Initial Contribution of Trust Property; Organizational Expenses. The Sponsor deposited the sum of $10 1,000 in connection with the Original Trust Agreement, which constituted the initial Trust Property. The Sponsor shall pay 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 Sponsor shall make no claim upon the Trust Property for the payment of such expenses.

Appears in 3 contracts

Samples: Declaration of Trust (BEE Financing Trust III), Declaration of Trust (Strategic Hotels & Resorts, Inc), Declaration of Trust (Strategic Hotels & Resorts, Inc)

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

Appears in 2 contracts

Samples: Declaration of Trust (Privatebancorp, Inc), Declaration of Trust (Privatebancorp, Inc)

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

Appears in 2 contracts

Samples: Trust Agreement (Goldman Sachs Group Inc), Trust Agreement (Goldman Sachs Group Inc)

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

Appears in 1 contract

Samples: Trust Agreement (Wilmington Trust Capital A)

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Initial Contribution of Trust Property; Organizational Expenses. The Sponsor deposited the sum of $10 in connection with the Original Trust Agreement, which constituted the initial Trust Property. The Sponsor shall pay 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 Sponsor shall make no claim upon the Trust Property for the payment of such expenses.

Appears in 1 contract

Samples: Trust Agreement (Wachovia Capital Trust XIII)

Initial Contribution of Trust Property; Organizational Expenses. The Issuer Trustees acknowledge receipt from the Sponsor deposited the sum of $10 in connection with the Original Trust AgreementAgreement of the sum of $10, which constituted the initial Trust Property. The Sponsor shall pay 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 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 Trust acknowledges receipt in trust from the Sponsor deposited in connection with this Trust Agreement of the sum of $10 in connection with the Original Trust Agreement10, which constituted constitutes the initial Trust Property. The Sponsor shall pay the 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 Sponsor shall make no claim upon the Trust Property for the payment of such expenses.

Appears in 1 contract

Samples: Trust Agreement (Pxre Capital Trust Iv)

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