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

Liability of the Holder of Common Securities. As permitted under the Delaware Statutory Trust Act, the Holder of the Common Securities shall be liable for the debts and obligations of the Issuer Trust as set forth in the Expense Agreement.

Appears in 3 contracts

Samples: Expenses and Liabilities (Privatebancorp, Inc), Expenses and Liabilities (Privatebancorp, Inc), Trust Agreement (Zions Capital Trust C)

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Liability of the Holder of Common Securities. As permitted under Pursuant to Section 3808 of the Delaware Statutory Trust Act, the Holder of the Common Securities shall be liable for the debts and obligations of the Issuer Trust as set forth in the Expense Agreement, which is made a part hereof.

Appears in 1 contract

Samples: Trust Agreement (Schwab Charles Corp)

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Liability of the Holder of Common Securities. As permitted under the Delaware Statutory Business Trust Act, the Holder of the Common Securities shall be liable for the debts and obligations of the Issuer Trust as set forth in the Expense Agreement.

Appears in 1 contract

Samples: Trust Agreement (Zions Capital Trust B)

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