Common use of Liability of the Holder of Common Securities Clause in Contracts

Liability of the Holder of Common Securities. Any Holder of the Common Securities shall be liable for the debts and obligations of the Issuer Trust in the manner and to the extent set forth with respect to the Common Securityholder (as defined in the Expense Agreement) and agrees that it shall be subject to all liabilities to which the Common Securityholder may be subject, and shall make all payments that the Common Securityholder is required to make, under the terms of the Expense Agreement.

Appears in 13 contracts

Samples: Trust Indenture Trust Agreement (Seacoast Financial Services Corp), Trust Agreement (Bny Capital Vii), Trust Agreement (Zions Institutional Capital Trust A)

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Liability of the Holder of Common Securities. Any Holder of the Common Securities shall be liable for the debts and obligations all costs, expenses or liabilities of the Issuer Trust in Trust, other than to pay to Holders of any Capital Securities the manner and amounts due to the extent set forth with respect such holders pursuant to the Common Securityholder (as defined in the Expense Agreement) and agrees that it shall be subject to all liabilities to which the Common Securityholder may be subject, and shall make all payments that the Common Securityholder is required to make, under the terms of the Expense AgreementCapital Securities, and such costs, expenses or liabilities shall constitute unsecured obligations of the Holder of the Common Securities.

Appears in 7 contracts

Samples: Trust Agreement (Citizens Funding Trust II), Trust Agreement (Keycorp /New/), Trust Agreement (Keycorp /New/)

Liability of the Holder of Common Securities. Any Holder of the Common Securities shall be liable for the debts and obligations of the Issuer Trust in the manner and to the extent set forth with respect to the Common Securityholder (as defined in the Expense Agreement) Depositor and agrees that it shall be subject to all liabilities to which the Common Securityholder Depositor may be subject, and shall make all payments that the Common Securityholder Depositor is required to make, under the terms of the Expense Agreement.

Appears in 4 contracts

Samples: Trust Agreement (Everest Re Group LTD), Trust Agreement (Everest Re Group LTD), Trust Agreement (Everest Re Capital Trust)

Liability of the Holder of Common Securities. Any Holder of the Common Securities shall be liable for the debts and obligations of the Issuer Trust in the manner and to the extent set forth with respect to the Common Securityholder Corporation (as defined in the Expense Agreement) and agrees that it shall be subject to all liabilities to which the Common Securityholder Corporation may be subject, and shall make all payments that the Common Securityholder Corporation is required to make, under the terms of the Expense Agreement.

Appears in 2 contracts

Samples: Trust Agreement (American Express Co Capital Trust Ii), Trust Agreement (CSC Capital Iii)

Liability of the Holder of Common Securities. Any Holder of the Common Securities shall be liable for the debts and obligations of the Issuer Trust in the manner and to the extent set forth with respect to the Common Securityholder (as defined in the Expense Agreement) Depositor and agrees that it shall be subject to all liabilities to which the Common Securityholder Depositor may be subject, subject and shall make all payments that the Common Securityholder Depositor is required to make, make under the terms of the Expense Agreement.

Appears in 1 contract

Samples: Trust Agreement (Everest Reinsurance Holdings Inc)

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Liability of the Holder of Common Securities. Any Holder of the Common Securities shall be liable for the debts and obligations of the Issuer Trust in the manner and to the extent set forth with respect to the Common Securityholder Security holder (as defined in the Expense Agreement) and agrees that it shall be subject to all liabilities to which the Common Securityholder Security holder may be subject, and shall make all payments that the Common Securityholder Security holder is required to make, under the terms of the Expense Agreement.

Appears in 1 contract

Samples: Trust Agreement (Northern Trust Corp)

Liability of the Holder of Common Securities. Any Holder of the Common Securities shall be liable for the debts and obligations of the Issuer Trust in the manner and to the extent set forth with respect to the Common Securityholder (as defined in the Expense Agreement) and agrees that it each such Holder shall be subject to all liabilities to which the Common Securityholder may be subject, and shall make all payments that the Common Securityholder is required to make, under the terms of the Expense Agreement.

Appears in 1 contract

Samples: Trust Agreement (Bt Capital Trust B)

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