Common use of Lost or Stolen Trust Preferred Securities, Etc Clause in Contracts

Lost or Stolen Trust Preferred Securities, Etc. If (i) any mutilated Trust Preferred Securities Certificate shall be surrendered to the Registrar, or if the Registrar shall receive evidence to its satisfaction of the destruction, loss or theft of any Trust Preferred Securities Certificate, and (ii) there shall be delivered to the Registrar and the Grantor such security or indemnity as may be required by them to hold each of them harmless, then in the absence of notice that such Trust Preferred Securities Certificate shall have been acquired by a bona fide purchaser or, as applicable, any protected purchaser, the Grantor shall make available for delivery, in exchange for or in lieu of any mutilated, destroyed, lost or stolen Trust Preferred Securities Certificate, a new Trust Preferred Securities Certificate of a like aggregate liquidation amount. In connection with the issuance of any new Trust Preferred Securities Certificate, the Grantor may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. Any duplicate Trust Preferred Securities Certificate issued pursuant to this Section shall constitute conclusive evidence of a Trust Preferred Securities Certificate corresponding to that evidenced by the lost, stolen or destroyed Trust Preferred Securities Certificate, as if originally issued, whether or not the lost, stolen or destroyed Trust Preferred Securities Certificate shall be found at any time. The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Trust Preferred Securities Certificates.

Appears in 6 contracts

Samples: Trust Agreement (Credit Suisse Group), Trust Agreement (Credit Suisse (Usa) Inc), Trust Agreement (Credit Suisse (Usa) Inc)

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Lost or Stolen Trust Preferred Securities, Etc. If (i) any mutilated Trust Preferred Securities Certificate Security shall be surrendered to the Registrar, or if the Registrar shall receive evidence to its satisfaction of the destruction, loss or theft of any Trust Preferred Securities CertificateSecurity, and (ii) there shall be delivered to the Registrar and the Grantor such security or indemnity as may be required by them to hold each of them harmless, then in the absence of notice that such Trust Preferred Securities Certificate Security shall have been acquired by a bona fide purchaser or, as applicable, any protected purchaser, the Grantor shall sign and make available for delivery, in exchange for or in lieu of any mutilated, destroyed, lost or stolen Trust Preferred Securities CertificateSecurity, a new Trust Preferred Securities Certificate Security representing the same amount of a like aggregate liquidation amountcorresponding Company Preferred Securities. In connection with the issuance of any new Trust Preferred Securities CertificateSecurity, the Grantor may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. Any duplicate Trust Preferred Securities Certificate Security issued pursuant to this Section shall constitute conclusive evidence of a Trust Preferred Securities Certificate Security corresponding to that evidenced by the lost, stolen or destroyed Trust Preferred Securities CertificateSecurity, as if originally issued, whether or not the lost, stolen or destroyed Trust Preferred Securities Certificate Security shall be found at any time. The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Trust Preferred Securities Certificates.

Appears in 1 contract

Samples: Trust Agreement (Ubs Preferred Funding Trust Iv)

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Lost or Stolen Trust Preferred Securities, Etc. If (i) any mutilated Trust Preferred Securities Security Certificate shall be surrendered to the Registrar, or if the Registrar shall receive evidence to its satisfaction of the destruction, loss or theft of any Trust Preferred Securities Security Certificate, and (ii) there shall be delivered to the Registrar and the Grantor such security or indemnity as may be required by them to hold each of them harmless, then in the absence of notice that such Trust Preferred Securities Security Certificate shall have been acquired by a bona fide purchaser or, as applicable, any protected purchaser, the Grantor shall make available for delivery, in exchange for or in lieu of any mutilated, destroyed, lost or stolen Trust Preferred Securities Security Certificate, a new Trust Preferred Securities Security Certificate representing the same amount of a like aggregate liquidation amountcorresponding Company Preferred Securities. In connection with the issuance of any new Trust Preferred Securities Security Certificate, the Grantor may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. Any duplicate Trust Preferred Securities Security Certificate issued pursuant to this Section shall constitute conclusive evidence of a Trust Preferred Securities Security Certificate corresponding to that evidenced by the lost, stolen or destroyed Trust Preferred Securities Security Certificate, as if originally issued, whether or not the lost, stolen or destroyed Trust Preferred Securities Security Certificate shall be found at any time. The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Trust Preferred Securities Certificates.

Appears in 1 contract

Samples: Trust Agreement (Credit Suisse Group)

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