Limitations Relating to Principal Amount. Notwithstanding any other provision of this Trust Agreement and unless otherwise specified as permitted by this Trust Agreement, Trust Securities or portions thereof may be transferred or exchanged only in principal amounts of not less than $100,000. Any transfer, exchange or other disposition of Trust Securities in contravention of this Section 5.5(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or owner of any beneficial interest in such Trust Securities for any purpose, including but not limited to the receipt of interest payable on such Trust Securities, and such transferee shall be deemed to have no interest whatsoever in such Trust Securities.
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Samples: Trust Agreement (First Citizens Bancorporation Inc), Trust Agreement (Triangle Capital Trust), Trust Agreement (FCB Nc Capital Trust I)
Limitations Relating to Principal Amount. Notwithstanding any other provision of this Trust Agreement and unless otherwise specified as permitted by this Trust Agreement, Trust Capital Securities or portions thereof may be transferred or exchanged only in principal amounts of not less than $100,0001,000.00. Any transfer, exchange or other disposition of Trust Capital Securities in contravention of this Section 5.5(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or owner Owner of any beneficial interest in such Trust Capital Securities for any purpose, including but not limited to the receipt of interest Distributions payable on such Trust Capital Securities, and such transferee shall be deemed to have no interest whatsoever in such Trust Capital Securities, and the Securities Registrar shall not record any such transfer in the Securities Register.
Appears in 3 contracts
Samples: Trust Agreement (Gainsco Inc), Trust Agreement (Gainsco Inc), Trust Agreement (Assuranceamerica Corp)
Limitations Relating to Principal Amount. Notwithstanding any other provision of this Trust Agreement and unless otherwise specified as permitted by this Trust Agreement, Trust Securities or portions thereof may be transferred or exchanged only in principal amounts Liquidation Amounts of not less than $100,000. Any transfer, exchange or other disposition of Trust Securities in contravention of this Section 5.5(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or owner of any beneficial interest in such Trust Securities for any purpose, including but not limited to the receipt of interest Distributions payable on such Trust Securities, and such transferee shall be deemed to have no interest whatsoever in such Trust Securities.
Appears in 2 contracts
Samples: Trust Agreement (United Community Capital Trust), Trust Agreement (City Holding Capital Trust)
Limitations Relating to Principal Amount. Notwithstanding ---------------------------------------- any other provision of this Trust Agreement and unless otherwise specified as permitted by this Trust Agreement, Trust Securities or portions thereof may be transferred or exchanged only in principal amounts of not less than $100,00050,000. Any transfer, exchange or other disposition of Trust Securities in contravention of this Section 5.5(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or owner of any beneficial interest in such Trust Securities for any purpose, including but not limited to the receipt of interest payable on such Trust Securities, and such transferee shall be deemed to have no interest whatsoever in such Trust Securities, and the Securities Registrar shall not record any such transfer in the Securities Register.
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Limitations Relating to Principal Amount. Notwithstanding any other provision of this Trust Agreement and unless otherwise specified as permitted by this Trust Agreement, Trust Securities or portions thereof may be transferred or exchanged only in principal amounts of not less than $100,00050,000. Any transfer, exchange or other disposition of Trust Securities in contravention of this Section 5.5(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or owner of any beneficial interest in such Trust Securities for any purpose, including but not limited to the receipt of interest payable on such Trust Securities, and such transferee shall be deemed to have no interest whatsoever in such Trust Securities, and the Securities Registrar shall not record any such transfer in the Securities Register.
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Samples: Trust Agreement (Peoples Bancorp of North Carolina Inc)
Limitations Relating to Principal Amount. Notwithstanding any ---------------------------------------- other provision of this Trust Agreement and unless otherwise specified as permitted by this Trust Agreement, Trust Securities or portions thereof may be transferred or exchanged only in principal amounts of not less than $100,00050,000. Any transfer, exchange or other disposition of Trust Securities in contravention of this Section 5.5(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or owner of any beneficial interest in such Trust Securities for any purpose, including but not limited to the receipt of interest payable on such Trust Securities, and such transferee shall be deemed to have no interest whatsoever in such Trust Securities, and the Securities Registrar shall not record any such transfer in the Securities Register.
Appears in 1 contract
Samples: Trust Agreement (CCF Holding Co)
Limitations Relating to Principal Amount. Notwithstanding any other provision of this Trust Agreement and unless otherwise specified as permitted by this Trust Agreement, Trust Securities or portions thereof may be transferred or exchanged only in principal amounts aggregate Liquidation Amounts of not less than $100,000. Any transfer, exchange or other disposition of Trust Securities in contravention of this Section 5.5(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or owner Owner of any beneficial interest in such Trust Securities for any purpose, including but not limited to the receipt of interest payable on such Trust Securities, and such transferee shall be deemed to have no interest whatsoever in such Trust Securities.
Appears in 1 contract
Samples: Trust Agreement (Provident Trust I)
Limitations Relating to Principal Amount. Notwithstanding any other provision of this Trust Agreement and unless otherwise specified as permitted by this Trust Agreement, Trust Securities or portions thereof may be transferred or exchanged only in principal amounts of not less than $100,00050,000.00. Any transfer, exchange or other disposition of Trust Securities in contravention of this Section 5.5(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or owner of any beneficial interest in such Trust Securities for any purpose, including but not limited to the receipt of interest payable on such Trust Securities, and such transferee shall be deemed to have no interest whatsoever in such Trust Securities, and the Securities Registrar shall not record any such transfer in the Securities Register.
Appears in 1 contract
Limitations Relating to Principal Amount. Notwithstanding any other provision of this Trust Agreement and unless otherwise specified as permitted by this Trust Agreement, Trust Securities or portions thereof may be transferred or exchanged only in principal amounts of not less than $100,000. Any transfer, exchange or other disposition of Trust Securities in contravention of this Section 5.5(b)(v5.5(b)(iv) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or owner of any beneficial interest in such Trust Securities for any purpose, including but not limited to the receipt of interest payable on such Trust Securities, and such transferee shall be deemed to have no interest whatsoever in such Trust Securities.
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Limitations Relating to Principal Amount. Notwithstanding any other provision of this Trust Agreement and unless otherwise specified as permitted by this Trust Agreement, Trust Capital Securities or portions thereof may be transferred or exchanged only in principal amounts of not less than $100,00050,000. Any transfer, exchange or other disposition of Trust Capital Securities in contravention of this Section 5.5(b)(v) shall be deemed to be void and of no legal effect whatsoever, any such transferee shall be deemed not to be the Holder or owner of any beneficial interest in such Trust Capital Securities for any purpose, including but not limited to the receipt of interest payable on such Trust Capital Securities, and such transferee shall be deemed to have no interest whatsoever in such Trust Capital Securities, and the Securities Registrar shall not record any such transfer in the Securities Register.
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