Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 189 contracts
Samples: Trust Agreement (Paragon Commercial CORP), Trust Agreement (Entegra Financial Corp.), Trust Agreement (Wilshire Bancorp Inc)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred pursuant to in Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 28 contracts
Samples: Trust Agreement (Susquehanna Bancshares Inc), Trust Agreement (Susquehanna Capital IV), Trust Agreement (TCF Capital I)
Initial Ownership. Upon the creation formation of the Trust and by the contribution by the Depositor referred pursuant to in Section 2.3 2.03 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 26 contracts
Samples: Trust Agreement (Semco Capital Trust Iii), Trust Agreement (Duke Capital Financing Trust Vi), Trust Agreement (Tu Electric Capital Iii)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred pursuant to in Section 2.3 2.03 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 24 contracts
Samples: Trust Agreement (Southwest Gas Corp), Trust Agreement (Bridge Bancorp Inc), Trust Agreement (Usf&g Corp)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred pursuant to in Section 2.3 2.03 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 17 contracts
Samples: Trust Agreement (Hawaiian Electric Co Inc), Trust Agreement (Tompkins Financial Corp), Trust Agreement (Maui Electric Co LTD)
Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor referred to in Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 13 contracts
Samples: Trust Agreement (Sce Trust I), Trust Agreement (Sce Trust I), Trust Agreement (Sce Trust I)
Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor referred to in Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 7 contracts
Samples: Declaration of Trust (Boise Cascade Corp), Trust Agreement (Big Flower Holdings Inc), Declaration of Trust (Boise Cascade Trust Iii)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 5 contracts
Samples: Trust Agreement (Mbna Corp), Trust Agreement (Mbna Corp), Trust Agreement (Mbna Corp)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred pursuant to in Section 2.3 hereof and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 5 contracts
Samples: Trust Agreement (San Rafael Bancorp), Trust Agreement (Alabama National Bancorporation), Trust Agreement (United Bancorporation of Alabama Inc)
Initial Ownership. Upon the creation of the Trust and by the contribution by the Depositor referred pursuant to in Section 2.3 2.03 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 4 contracts
Samples: Trust Agreement (Omnicare Capital Trust Ii), Trust Agreement (Omnicare Inc), Trust Agreement (Omnicare Inc)
Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor referred to in Section 2.3 execution of the Original Trust Agreement and until the issuance of the Trust Securities, and at any time during which no Trust Securities are OutstandingCertificates, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 3 contracts
Samples: Trust Agreement (Regions Auto Receivables Trust 2002-1), Trust Agreement (Regions Acceptance LLC Regions Auto Receivables Tr 2003-2), Trust Agreement (Regions Auto Receivables Trust 2003-1)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 2.5 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 3 contracts
Samples: Trust Agreement (National City Corp), Trust Agreement (National City Corp), Trust Agreement (National City Corp)
Initial Ownership. Upon the creation formation of the Trust and by the ----------------- contribution by the Depositor referred pursuant to in Section 2.3 2.03 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Duke Capital Financing Trust Iii), Trust Agreement (Duke Energy Capital Trust Ii)
Initial Ownership. Upon the creation of the Trust and the ----------------- contribution by the Depositor referred to in Section SECTION 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (DPL Inc), Trust Agreement (DPL Inc)
Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor referred to in Section 2.3 and ----------------- until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 2 contracts
Samples: Declaration of Trust (Commonwealth Bankshares Inc), Declaration of Trust (Commonwealth Bankshares Inc)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Dominion Resources Inc /Va/), Trust Agreement (Aon Corp)
Initial Ownership. Upon the creation of the Trust and the ----------------- contribution by the Depositor referred pursuant to in Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Abc Bancorp Capital Trust I), Trust Agreement (Abc Bancorp Capital Trust I)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 and ------------------ until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Samples: Trust Agreement (Alcoa Trust I)
Initial Ownership. Upon the creation formation of the Trust and the contribution by the Initial Depositor referred pursuant to in Section 2.3 2.03 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Initial Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor referred pursuant to in Section 2.3 and until the issuance of the Trust Preferred Securities, and at any time during which no Trust Preferred Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Samples: Trust Agreement (GBB Capital I)
Initial Ownership. Upon the creation of the Trust and the ----------------- contribution by the Depositor referred pursuant to in Section 2.3 203 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 and until the issuance of the Trust Securities, and ----------- at any time during which no Trust Securities are Outstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Samples: Trust Agreement (First Banks, Inc)
Initial Ownership. Upon the creation of the Trust and the contribution to the initial Trust Property by the Depositor referred pursuant to in Section 2.3 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Samples: Trust Agreement (Integon Capital I)
Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor referred pursuant to in Section 2.3 of the Original Trust Agreement and until the issuance of the Trust SecuritiesSecurities pursuant to the Original Trust Agreement, the Depositor was, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be be, the sole beneficial owner of the Trust.
Appears in 1 contract
Initial Ownership. Upon Subsequent to the creation of the Trust and the contribution by the Initial Depositor referred pursuant to in Section 2.3 and until the issuance of the Trust Securities2.3, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Initial Ownership. Upon the creation formation of the Trust by the execution of the Original Trust Agreement and the contribution by filing of the Depositor referred to in Section 2.3 Certificate of Trust with the Secretary of State and until the issuance of the Trust Securities, and at any time during which no Trust Securities are OutstandingCertificates, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Samples: Trust Agreement (National City Auto Receivables Trust 2002-A)
Initial Ownership. Upon the creation of the Trust by the execution of the Original Trust Agreement and the contribution by filing of the Depositor referred to in Section 2.3 Certificate of Trust with the Secretary of State and until the issuance of the Trust Securities, and at any time during which no Trust Securities are OutstandingCertificates, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Samples: Trust Agreement (National City Auto Receivables Trust 2004-A)
Initial Ownership. Upon the creation of the Trust and ------------------ the contribution by the Depositor referred pursuant to in Section 2.3 2.03 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Samples: Trust Agreement (SJG Capital Trust)
Initial Ownership. Upon the creation of the Trust and ----------------- by the contribution by the Depositor referred pursuant to in Section 2.3 2.03 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 2.03 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor referred to in Section 2.3 and ----------------- until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Initial Ownership. Upon the creation of the Trust by the execution of the Original Trust Agreement and the contribution by filing of the Depositor referred to in Section 2.3 Certificate of Trust with the Secretary of State and until the issuance of the Trust Securities, and at any time during which no Trust Securities are OutstandingCertificates, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Initial Ownership. Upon From the creation formation of the Trust and the contribution by the Depositor referred pursuant to in Section 2.3 the Original Declaration and until the issuance of the Trust SecuritiesSecurities the Depositor has been, and at any time during which no Trust Securities are Outstanding, outstanding the Depositor shall be be, the holder of the sole beneficial owner of interest in the Trust.
Appears in 1 contract
Samples: Trust Agreement (Metrocorp Inc)
Initial Ownership. Upon the creation formation of the Trust and the ----------------- contribution by the Depositor referred pursuant to in Section 2.3 2.03 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Samples: Trust Agreement (PMC Capital I)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 and until the issuance of the Trust Preferred Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the TrustTrust Securities.
Appears in 1 contract
