Common use of Limitation of Rights of Securityholders Clause in Contracts

Limitation of Rights of Securityholders. The death, incapacity, bankruptcy, dissolution or termination of any Person having an interest, beneficial or otherwise, in a Trust Security shall not operate to terminate this Trust Agreement, nor dissolve, terminate or annul the Trust, nor entitle the legal representatives or heirs of such Person or any Securityholder for such Person, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 26 contracts

Samples: Trust Agreement (PPL Capital Funding Inc), Trust Agreement (PPL Corp), Trust Agreement (Aep Capital Trust Iii)

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Limitation of Rights of Securityholders. The death, incapacity, bankruptcyliquidation, dissolution dissolution, termination or termination bankruptcy of any Person having an interest, beneficial or otherwise, in a Trust Security Securities shall not operate to terminate this Trust Agreement, nor dissolve, terminate or annul the Trust, nor entitle the legal representatives or heirs of such Person or any Securityholder for such Person, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 17 contracts

Samples: Trust Agreement (Susquehanna Bancshares Inc), Trust Agreement (Susquehanna Capital IV), Trust Agreement (Susquehanna Bancshares Inc)

Limitation of Rights of Securityholders. The death, incapacity, bankruptcydissolution, dissolution bankruptcy or termination of any Person having an interest, beneficial or otherwise, in a Trust Security Securities shall not operate to terminate this Trust Agreement, nor dissolve, terminate or annul the Trust, nor entitle the legal representatives or heirs of such Person or any Securityholder for such Person, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding winding-up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 13 contracts

Samples: Trust Agreement (Metropolitan Financial Corp /Oh/), Trust Agreement (Metropolitan Capital Trust Ii), Trust Agreement (Metropolitan Financial Corp /Oh/)

Limitation of Rights of Securityholders. The death, incapacity, bankruptcydissolution, dissolution bankruptcy or termination of any Person having an interest, beneficial or otherwise, in a Trust Security Preferred Securities shall not operate to terminate this Trust Agreement, Agreement nor dissolve, terminate or annul the Trust, Trust nor entitle the legal representatives or heirs of such Person or any Securityholder for such Personperson, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding winding-up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 4 contracts

Samples: Trust Agreement (Teco Capital Trust Iii), Trust Agreement (Teco Capital Trust Iii), Trust Agreement (Teco Energy Inc)

Limitation of Rights of Securityholders. The death, incapacity, bankruptcy, dissolution or termination of any Person having an interest, beneficial or otherwise, in a Trust Security Securities shall not operate to terminate this Trust Agreement, nor Agreement or dissolve, terminate or annul the Trust, nor entitle the legal representatives or heirs of such Person person or any Securityholder for such Personperson, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 2 contracts

Samples: Trust Agreement (First Interstate Bancsystem of Montana Inc), Trust Agreement (Fib Capital Trust)

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Limitation of Rights of Securityholders. The death, incapacity, bankruptcy, dissolution dissolution, termination or termination incapacity of any Person having an interest, beneficial or otherwise, in a Trust Security shall not operate to terminate this Trust Agreement, nor dissolve, terminate or annul the Trust, nor entitle the legal representatives or heirs of such Person or any Securityholder for such Person, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 1 contract

Samples: Trust Agreement (Cleveland Electric Financing Trust I)

Limitation of Rights of Securityholders. The death, incapacity, bankruptcy, dissolution dissolution, termination, death or termination incapacity of any Person having an interest, beneficial or otherwise, in a Trust Security Securities shall not operate to terminate this Trust Agreement, nor Agreement or dissolve, terminate or annul the Trust, nor entitle the legal representatives or heirs of such Person or any Securityholder for such Person, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding winding-up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 1 contract

Samples: Trust Agreement (Ncbe Capital Trust I)

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