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 Agreement (Bny Capital V), Trust Agreement (Bank of New York Co Inc), Trust Agreement (Bny Capital Vii)

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