Common use of Initial Ownership Clause in Contracts

Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor pursuant to Section 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 67 contracts

Samples: Trust Agreement (Air T Inc), Trust Agreement (Air T Inc), Trust Agreement (Air T Funding)

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Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor pursuant to Section 203 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 24 contracts

Samples: Trust Agreement (Southwest Gas Corp), Trust Agreement (Bridge Bancorp Inc), Trust Agreement (Flagstar Trust)

Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor pursuant to Section 203 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 11 contracts

Samples: Trust Agreement (Newfield Financial Trust Ii), Agreement and Plan of Merger (Capital Senior Living Corp), Trust Agreement (Dura Automotive Systems Inc)

Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor pursuant to Section 203 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 10 contracts

Samples: Trust Agreement (S Y Bancorp Inc), Trust Agreement (Stifel Financial Corp), Trust Agreement (Great Southern Capital Trust I)

Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor pursuant referred to Section 203 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 4 contracts

Samples: Trust Agreement (Bankatlantic Bancorp Inc), Trust Agreement (Uici), Trust Agreement (Uici)

Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor pursuant to Section 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 2 contracts

Samples: Trust Agreement (Nevada Power Co), Trust Agreement (Nevada Power Co)

Initial Ownership. Upon the creation of the Trust and by the contribution by the Depositor pursuant referred to in Section 203 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 2 contracts

Samples: Expense Agreement (Midamerican Energy Financing Ii), Trust Agreement (Midamerican Energy Financing Ii)

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Initial Ownership. 20 26 Upon the creation of the Trust and the contribution by the Depositor pursuant to Section 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 2 contracts

Samples: Trust Agreement (Ibc Capital Finance), Trust Agreement (Ibc Capital Finance)

Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor pursuant to Section 203 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.. SECTION 5.2

Appears in 1 contract

Samples: Trust Agreement (Lincoln National Corp)

Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor pursuant to Section SECTION 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

Samples: Trust Agreement (Southside Capital Trust I)

Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor pursuant to Section 203 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 (Ace Ina Holdings Inc)

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