Common use of Issuance of the Capital Securities Clause in Contracts

Issuance of the Capital Securities. The Depositor and the Issuer Trust executed and delivered the Underwriting Agreement pursuant to the Original Trust Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrator, on behalf of the Issuer Trust, shall manually execute in accordance with Section 5.3 and the Property Trustee shall authenticate in accordance with Section 5.3 and deliver to the Underwriter, Capital Securities Certificates, registered in the names requested by the Underwriter, in an aggregate amount of 2,000,000 Capital Securities having an aggregate Liquidation Amount of $20,000,000, against receipt of the aggregate purchase price of such Capital Securities of $________________, by the Property Trustee. If the Underwriter exercises its option to purchase all or any portion of an additional 300,000 Capital Securities pursuant to the terms of the Underwriting Agreement, then an Administrator, on behalf of the Issuer Trust, shall manually execute in accordance with Section 5.3 and the Property Trustee shall authenticate in accordance with Section 5.3 and deliver to the Underwriter, additional Capital Securities Certificates, registered in the names requested by the Underwriter, in an aggregate amount of up to 300,000 additional Capital Securities having an aggregate Liquidation Amount of up to $3,000,000, against receipt of the aggregate purchase price of such additional Capital Securities of up to $3,000,000, by the Property Trustee.

Issuance of the Capital Securities. The Depositor and the Issuer Trust executed and delivered the Underwriting Agreement pursuant to the Original Trust Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrator, on behalf of the Issuer Trust, shall manually execute in accordance with Section 5.3 and the Property Trustee shall authenticate in accordance with Section 5.3 and deliver to the Underwriter, Capital Securities Certificates, registered in the names requested by the Underwriter, in an aggregate amount of 2,000,000 ______ Capital Securities having an aggregate Liquidation Amount of $20,000,000_________, against receipt of the aggregate purchase price of such Capital Securities of $________________, by the Property Trustee. If the Underwriter exercises its option to purchase all or any portion of an additional 300,000 Capital Securities pursuant to the terms of the Underwriting Agreement, then an Administrator, on behalf of the Issuer Trust, shall manually execute in accordance with Section 5.3 and the Property Trustee shall authenticate in accordance with Section 5.3 and deliver to the Underwriter, additional Capital Securities Certificates, registered in the names requested by the Underwriter, in an aggregate amount of up to 300,000 additional Capital Securities having an aggregate Liquidation Amount of up to $3,000,000, against receipt of the aggregate purchase price of such additional Capital Securities of up to $3,000,000, by the Property Trustee.

Issuance of the Capital Securities. The Depositor and the Issuer Trust executed and delivered the Underwriting Agreement pursuant to the Original Trust Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrator, on behalf of the Issuer Trust, shall manually execute in accordance with Section 5.3 and the Property Trustee shall authenticate in accordance with Section 5.3 and deliver to the Underwriter, Capital Securities Certificates, registered in the names requested by the Underwriter, in an aggregate amount of 2,000,000 Capital Securities having an aggregate Liquidation Amount of $20,000,000, against receipt of the aggregate purchase price of such Capital Securities of $_On _______________, by 1997 the Property Trustee. If Depositor, both on its own behalf and on behalf of the Underwriter exercises its option to purchase all or any portion of an additional 300,000 Capital Securities Trust and pursuant to the terms of Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, then an AdministratorAdministrative Trustee, on behalf of the Issuer Trust, shall manually execute in accordance with Section 5.3 and the Property Trustee shall authenticate in accordance with Section 5.3 and deliver to the Underwriter, additional underwriters named in the Underwriting Agreement Capital Securities Certificates, registered in the names requested name of the nominee of the initial Clearing Agency, in an aggregate amount of 75,000 Capital Securities having an aggregate Liquidation Amount of $75,000,000, against receipt of the aggregate purchase price of such Capital Securities of $75,000,000, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. In the event and to the extent the overallotment option granted by the UnderwriterTrust pursuant to the Underwriting Agreement is exercised by such underwriters, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to such underwriters Capital Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, in an aggregate amount of up to 300,000 additional 11,250 Capital Securities having an aggregate Liquidation Amount of up to $3,000,00011,250,000, against receipt of the aggregate purchase price of such additional Capital Securities of up to $3,000,000, by 11,250,000 which amount the Administrative Trustee shall promptly deliver to the Property Trustee, on the date specified pursuant to the Underwriting Agreement.

Issuance of the Capital Securities. The Depositor Depositor, on behalf of the Trust and pursuant to the Issuer Original Trust Agreement, executed and delivered the Underwriting Agreement pursuant to the Original Trust Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an AdministratorAdministrative Trustee, on behalf of the Issuer Trust, shall manually execute in accordance with Section 5.3 502 and the Property Trustee shall authenticate deliver, in accordance with Section 5.3 and deliver to the UnderwriterUnderwriting Agreement, Capital Securities Certificates, registered in the names requested by name of the Underwriternominee of the initial Clearing Agency, in an aggregate amount of 2,000,000 Capital Securities having an aggregate Liquidation Amount of $20,000,000, 60,000,000 against receipt of the aggregate purchase price of such Capital Securities of $________________60,000,000, by which amount such Administrative Trustee shall promptly deliver to the Property Trustee. If SECTION 205. ISSUANCE OF THE COMMON SECURITIES; SUBSCRIPTION AND PURCHASE OF JUNIOR SUBORDINATED DEBENTURES. Contemporaneously with the Underwriter exercises its option to purchase all or any portion execution and delivery of an additional 300,000 Capital Securities pursuant to the terms of the Underwriting this Trust Agreement, then an AdministratorAdministrative Trustee, on behalf of the Issuer Trust, shall manually execute in accordance with Section 5.3 and the Property Trustee shall authenticate in accordance with Section 5.3 502 and deliver to the Underwriter, additional Capital Depositor Common Securities Certificates, registered in the names requested by name of the UnderwriterDepositor, in an aggregate amount of up to 300,000 additional Capital Common Securities having an aggregate Liquidation Amount of up $1,855,675 against delivery by the Depositor of $1,855,675 in principal amount of Junior Subordinated Debentures. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Junior Subordinated Debentures, registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to $3,000,00061,855,675, against receipt and, in satisfaction of the aggregate purchase price of for such additional Capital Securities of up to $3,000,000Junior Subordinated Debentures, by the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of $61,855,675.