Limitation of Rights of Securityholders. The death, incapacity, dissolution, bankruptcy or termination of any Person having an interest, beneficial or otherwise, in Trust 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 13 contracts
Samples: Trust Agreement (Metropolitan Financial Corp /Oh/), Trust Agreement (Crescent Capital Trust I), Trust Agreement (Southern Community Financial Corp)
Limitation of Rights of Securityholders. The death, incapacity, dissolution, bankruptcy or termination of any Person having an interest, beneficial or otherwise, in Trust 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-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 Energy Inc), Trust Agreement (Teco Capital Trust Iii)
Limitation of Rights of Securityholders. The death, incapacity, dissolutionbankruptcy, bankruptcy dissolution or termination of any Person having an interest, beneficial or otherwise, in Trust 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-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 (Fib Capital Trust), Trust Agreement (First Interstate Bancsystem of Montana Inc)
Limitation of Rights of Securityholders. The death, incapacitybankruptcy, dissolution, bankruptcy termination, death or termination incapacity of any Person having an interest, beneficial or otherwise, in Trust 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-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
Limitation of Rights of Securityholders. The death, incapacitybankruptcy, dissolution, bankruptcy termination or termination incapacity of any Person having an interest, beneficial or otherwise, in a Trust Securities 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-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)