Common use of Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates Clause in Contracts

Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates. If (a) any mutilated Trust Securities Certificate shall be surrendered to the Securities Registrar, or if the Securities Registrar shall receive evidence to its satisfaction of the destruction, loss or theft of any Trust Securities Certificate and (b) there shall be delivered to the Securities Registrar and the Administrators such security or indemnity as may be required by them to save each of them harmless, then in the absence of notice that such Trust Securities Certificate shall have been acquired by a bona fide purchaser, the Administrators, or any one of them, on behalf of the Trust shall execute and make available for delivery, and the Property Trustee shall authenticate, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Trust Securities Certificate, a new Trust Securities Certificate of like class, tenor and denomination. Notwithstanding the foregoing, in case any such mutilated, destroyed, lost or stolen Trust Securities Certificate has become or is about to become due and payable, the Trust, in its discretion (by an Administrator) may, instead of issuing a new Trust Securities Certificate, pay such Trust Securities Certificate. In connection with the issuance of any new Trust Securities Certificate under this Section, the Administrators or the Securities Registrar 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 Securities Certificate issued pursuant to this Section shall constitute conclusive evidence of an undivided beneficial interest in the assets of the Trust corresponding to that evidenced by the lost, stolen or destroyed Trust Securities Certificate, as if originally issued, whether or not the lost, stolen or destroyed Trust Securities Certificate shall be found at any time. The provisions of this Section 506 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement of mutilated, destroyed, lost or stolen Trust Securities Certificates. Section 507 PERSONS DEEMED HOLDERS. Prior to due presentment of a Trust Preferred Securities Certificate for registration of transfer, the Trustees, the Administrators or the Securities Registrar shall treat the Person in whose name any Trust Securities are issued as the owner of such Trust Securities for the purpose of receiving Distributions and for all other purposes whatsoever (subject to the record date provisions hereof), and none of the Trustees, the Administrators nor the Securities Registrar shall be bound by any notice to the contrary. Section 508 ACCESS TO LIST OF HOLDERS' NAMES AND ADDRESSES. Semiannually, not later than _______________ and _______________ in each year, commencing with the year 200_, and at such other times as the Property Trustee may request in writing, the Depositor shall furnish or cause to be furnished to the Property Trustee information as to the names and addresses of the Holders, and the Property Trustee shall preserve such information and similar information received by it in any other capacity and afford to the Holders access to information so preserved by it, all to such extent, if any, and in such manner as shall be required by the Trust Indenture Act; provided, however, that no such list need be furnished so long as the Property Trustee shall be the Securities Registrar. Every holder of Trust Securities by receiving and holding the same, agrees with the Depositor and the Property Trustee that neither the Depositor nor the Property Trustee nor any agent of either of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Trust Securities in accordance with Section 312 of the Trust Indenture Act, or any successor section of such Act, regardless of the source from which such information was derived, and that the Property Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 312(b) of the Trust Indenture Act, or any successor section of such Act.

Appears in 1 contract

Samples: Trust Agreement (Great Plains Energy Inc)

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Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates. If (a) any mutilated Trust Securities Certificate shall be surrendered to the Securities Security Registrar, or if the Securities Security Registrar shall receive evidence to its satisfaction of the destruction, loss or theft of any Trust Securities Certificate and (b) there shall be delivered to the Securities Security Registrar and the Administrators Administrative Trustees such security or indemnity as may be required by them to save each of them harmless, then in the absence of notice that such Trust Securities Certificate shall have been acquired by a bona fide purchaser, the AdministratorsAdministrative Trustees, or any one of them, on behalf of the Trust shall execute and make available for deliveryauthentication, where applicable, and the Property Trustee shall authenticatedelivery, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Trust Securities Certificate, a new Trust Securities Certificate of like class, tenor and denomination. Notwithstanding the foregoing, in case any such mutilated, destroyed, lost or stolen Trust Securities Certificate has become or is about to become due and payable, the Trust, in its discretion (by an Administrator) may, instead of issuing a new Trust Securities Certificate, pay such Trust Securities Certificate. In connection with the issuance of any new Trust Securities Certificate under this Section, the Administrators or the Securities Security Registrar 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 duplicative Trust Securities Certificate issued pursuant to this Section shall constitute conclusive evidence of an undivided beneficial interest in the assets of the Trust corresponding to that evidenced by the lost, stolen or destroyed Trust Securities CertificateTrust, as if originally issued, whether or not the lost, stolen or destroyed Trust Securities Certificate shall be found at any time. Persons Deemed Securityholders . The provisions of this Section 506 are exclusive Property Trustee and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement of mutilated, destroyed, lost or stolen Trust Securities Certificates. Section 507 PERSONS DEEMED HOLDERS. Prior to due presentment of a Trust Preferred Securities Certificate for registration of transfer, the Trustees, the Administrators or the Securities Security Registrar shall treat the Person in whose name any Trust Securities are issued Certificate shall be registered in the Security Register as the owner of such Trust Securities Certificate for the purpose of receiving Distributions and for all other purposes whatsoever (subject to the record date provisions hereof)whatsoever, and none of neither the Trustees, the Administrators Property Trustee nor the Securities Security Registrar shall be bound by any notice to the contrary. Section 508 ACCESS TO LIST OF HOLDERSAccess to List of Securityholders' NAMES AND ADDRESSESNames and Addresses . Semiannually, not later than _______________ and _______________ in each year, commencing with the year 200_, and at such other times as the Property Trustee may request in writing, The Administrative Trustees or the Depositor shall furnish or cause to be furnished to (unless the Property Trustee information is acting as Security Registrar with respect to the Trust Securities under the Trust Agreement) a list, in such form as the Property Trustee may reasonably require, of the names and addresses of the HoldersSecurityholders as of the most recent record date (a) to the Property Trustee, quarterly at least 5 Business Days before each Distribution Date, and (b) to the Property Trustee, within 30 days after receipt by the Depositor of a request therefor from the Property Trustee in order to enable the Property Trustee to discharge its obligations under this Trust Agreement, in each case to the extent such information is in the possession or control of the Administrative Trustees or the Depositor and is not identical to a previously supplied list or has not otherwise been received by the Property Trustee in its capacity as Security Registrar. The rights of Securityholders to communicate with other Securityholders with respect to their rights under this Trust Agreement or under the Trust Securities, and the Property corresponding rights of the Trustee shall preserve such information and similar information received by it be as provided in any other capacity and afford to the Holders access to information so preserved by it, all to such extent, if any, and in such manner as shall be required by the Trust Indenture Act; provided, howeverexcept to the extent Section 3819 of the Delaware Business Trust Act would require greater access to such information, that no such list need be furnished so long as in which case the Property Trustee latter shall be the Securities Registrarapply. Every holder of Trust Securities Each Holder, by receiving and holding a Trust Securities Certificate, and each Owner shall be deemed to have agreed not to hold the sameDepositor, agrees with the Depositor and the Property Trustee that neither or the Depositor nor the Property Trustee nor any agent of either of them shall be held Administrative Trustees accountable by reason of the disclosure of any such information as to the names its name and addresses of the Holders of Trust Securities in accordance with Section 312 of the Trust Indenture Act, or any successor section of such Actaddress, regardless of the source from which such information was derived, and that the Property Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 312(b) of the Trust Indenture Act, or any successor section of such Act.

Appears in 1 contract

Samples: Trust Agreement (Cummins Engine Co Inc)

Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates. If (a) any mutilated Trust Securities Certificate shall be surrendered to the Securities Transfer Agent and Registrar, or if the Securities Transfer Agent and Registrar shall receive evidence to its satisfaction of the destruction, loss or theft of any Trust Securities Certificate and (b) there shall be delivered to the Securities Transfer Agent and Registrar and the Administrators Administrative Trustees such security or indemnity as may be required by them to save each of them and the Depositor harmless, then in the absence of notice that such Trust Securities Certificate shall have been acquired by a bona fide protected purchaser, the AdministratorsAdministrative Trustees, or any one of them, on behalf of the Trust shall execute by manual or facsimile signature and in the case of Preferred Trust Securities shall also cause the Transfer Agent and Registrar or its agent to countersign; and the Administrative Trustees, or any one of them, and in the case of Preferred Trust Securities the Transfer Agent and Registrar or its agent, shall make available for delivery, and the Property Trustee shall authenticate, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Trust Securities Certificate, a new Trust Securities Certificate of like class, tenor and denomination. Notwithstanding the foregoing, in case any such mutilated, destroyed, lost or stolen Trust Securities Certificate has become or is about to become due and payable, the Trust, in its discretion (by an Administrator) may, instead of issuing a new Trust Securities Certificate, pay such Trust Securities Certificate. In connection with the issuance of any new Trust Securities Certificate under this Section, the Administrators Administrative Trustees or the Securities Transfer Agent and Registrar 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 Securities Certificate issued pursuant to this Section shall constitute conclusive evidence of an undivided beneficial interest in the assets of the Trust corresponding to that evidenced by the lost, stolen or destroyed Trust Securities CertificateProperty, as if originally issued, whether or not the lost, stolen or destroyed Trust Securities Certificate shall be found at any time. The provisions of this Section 506 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement of mutilated, destroyed, lost or stolen Trust Securities Certificates. Section 507 PERSONS DEEMED HOLDERS. Prior to due presentment of a Trust Preferred Securities Certificate for registration of transfer, the Trustees, the Administrators or the Securities Registrar shall treat the Person in whose name any Trust Securities are issued as the owner of such Trust Securities for the purpose of receiving Distributions and for all other purposes whatsoever (subject to the record date provisions hereof), and none of the Trustees, the Administrators nor the Securities Registrar shall be bound by any notice to the contrary. Section 508 ACCESS TO LIST OF HOLDERS' NAMES AND ADDRESSES. Semiannually, not later than _______________ and _______________ in each year, commencing with the year 200_, and at such other times as the Property Trustee may request in writing, the Depositor shall furnish or cause to be furnished to the Property Trustee information as to the names and addresses of the Holders, and the Property Trustee shall preserve such information and similar information received by it in any other capacity and afford to the Holders access to information so preserved by it, all to such extent, if any, and in such manner as shall be required by the Trust Indenture Act; provided, however, that no such list need be furnished so long as the Property Trustee shall be the Securities Registrar. Every holder of Trust Securities by receiving and holding the same, agrees with the Depositor and the Property Trustee that neither the Depositor nor the Property Trustee nor any agent of either of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Trust Securities in accordance with Section 312 of the Trust Indenture Act, or any successor section of such Act, regardless of the source from which such information was derived, and that the Property Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 312(b) of the Trust Indenture Act, or any successor section of such Act.

Appears in 1 contract

Samples: Trust Agreement (PPL Corp)

Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates. If (a) any mutilated Trust Securities Certificate shall be surrendered to the Securities Registrar, or if the Securities Registrar shall receive evidence to its satisfaction of the destruction, loss or theft of any Trust Securities Certificate and (b) there shall be delivered to the Securities Registrar and the Administrators such security or indemnity as may be required by them to save each of them harmless, then in the absence of notice that such Trust Securities Certificate shall have been acquired by a bona fide purchaser, the Administrators, or any one of them, on behalf of the Trust shall execute and make available for delivery, and the Property Trustee shall authenticate, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Trust Securities Certificate, a new Trust Securities Certificate of like class, tenor and denomination. Notwithstanding the foregoing, in case any such mutilated, destroyed, lost or stolen Trust Securities Certificate has become or is about to become due and payable, the Trust, in its discretion (by an Administrator) may, instead of issuing a new Trust Securities Certificate, pay such Trust Securities Certificate. In connection with the issuance of any new Trust Securities Certificate under this Section, the Administrators or the Securities Registrar 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 Securities Certificate issued pursuant to this Section shall constitute conclusive evidence of an undivided beneficial interest in the assets of the Trust corresponding to that evidenced by the lost, stolen or destroyed Trust Securities Certificate, as if originally issued, whether or not the lost, stolen or destroyed Trust Securities Certificate shall be found at any time. The provisions of this Section 506 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement of mutilated, destroyed, lost or stolen Trust Securities Certificates. Section 507 PERSONS DEEMED HOLDERS. Prior to due presentment of a Trust Preferred Securities Certificate for registration of transfer, the Trustees, the Administrators or the Securities Registrar shall treat the Person in whose name any Trust Securities are issued as the owner of such Trust Securities for the purpose of receiving Distributions and for all other purposes whatsoever (subject to the record date provisions hereof), and none of the Trustees, the Administrators nor the Securities Registrar shall be bound by any notice to the contrary. Section 508 ACCESS TO LIST OF HOLDERS' NAMES AND ADDRESSES. Semiannually, not later than _______________ and _______________ in each year, commencing with the year 200_, and at such other times as the Property Trustee may request in writing, the Depositor shall furnish or cause to be furnished to the Property Trustee information as to the names and addresses of the Holders, and the Property Trustee shall preserve such information and similar information received by it in any other capacity and afford to the Holders access to information so preserved by it, all to such extent, if any, and in such manner as shall be required by the Trust Indenture Act; provided, however, that no such list need be furnished so long as the Property Trustee shall be the Securities Registrar. Every holder of Trust Securities by receiving and holding the same, agrees with the Depositor and the Property Trustee that neither the Depositor nor the Property Trustee nor any agent of either of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Trust Securities in accordance with Section 312 of the Trust Indenture Act, or any successor section of such Act, regardless of the source from which such information was derived, and that the Property Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 312(b) of the Trust Indenture Act, or any successor section of such Act.

Appears in 1 contract

Samples: Trust Agreement (Cp&l Energy Inc)

Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates. If (a) any mutilated Trust Securities Certificate shall be surrendered to the Securities Registrar, or if the Securities Registrar shall receive evidence to its satisfaction of the destruction, loss or theft of any Trust Securities Certificate and (b) there shall be delivered to the Securities Registrar and the Administrators Administrative Trustees such security or indemnity as may be required by them to save each of them harmless, then in the absence of notice that such Trust Securities Certificate shall have been acquired by a bona fide purchaserpurchaser or protected purchasers, the AdministratorsAdministrative Trustees, or any one of them, on behalf of the Trust shall execute by manual or facsimile signature and, if executed on behalf of the Trust by facsimile signature, such certificate shall be countersigned by a transfer agent, and make available for delivery, and the Property Trustee shall authenticate, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Trust Securities Certificate, a new Trust Securities Certificate of like class, tenor and denomination. Notwithstanding the foregoing, in case any such mutilated, destroyed, lost or stolen Trust Securities Certificate has become or is about to become due and payable, the Trust, in its discretion (by an Administrator) may, instead of issuing a Such new Trust Securities Certificate, pay such Trust Securities CertificateCertificates shall be authenticated by the Property Trustee by manual signature of an authorized signatory thereof. In connection with the issuance of any new Trust Securities Certificate under this Section, the Administrators Administrative Trustees or the Securities Registrar 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 Securities Certificate issued pursuant to this Section shall constitute conclusive evidence of an undivided beneficial interest in the assets of the Trust corresponding to that evidenced by the lost, stolen or destroyed Trust Securities CertificateProperty, as if originally issued, whether or not the lost, stolen or destroyed Trust Securities Certificate shall be found at any time. The provisions of this Section 506 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement of mutilated, destroyed, lost or stolen Trust Securities Certificates. Section 507 PERSONS DEEMED HOLDERS. Prior to due presentment of a Trust Preferred Securities Certificate for registration of transfer, the Trustees, the Administrators or the Securities Registrar shall treat the Person in whose name any Trust Securities are issued as the owner of such Trust Securities for the purpose of receiving Distributions and for all other purposes whatsoever (subject to the record date provisions hereof), and none of the Trustees, the Administrators nor the Securities Registrar shall be bound by any notice to the contrary. Section 508 ACCESS TO LIST OF HOLDERS' NAMES AND ADDRESSES. Semiannually, not later than _______________ and _______________ in each year, commencing with the year 200_, and at such other times as the Property Trustee may request in writing, the Depositor shall furnish or cause to be furnished to the Property Trustee information as to the names and addresses of the Holders, and the Property Trustee shall preserve such information and similar information received by it in any other capacity and afford to the Holders access to information so preserved by it, all to such extent, if any, and in such manner as shall be required by the Trust Indenture Act; provided, however, that no such list need be furnished so long as the Property Trustee shall be the Securities Registrar. Every holder of Trust Securities by receiving and holding the same, agrees with the Depositor and the Property Trustee that neither the Depositor nor the Property Trustee nor any agent of either of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Trust Securities in accordance with Section 312 of the Trust Indenture Act, or any successor section of such Act, regardless of the source from which such information was derived, and that the Property Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 312(b) of the Trust Indenture Act, or any successor section of such Act.

Appears in 1 contract

Samples: Trust Agreement (National Commerce Financial Corp)

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Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates. If (a) any mutilated Trust Securities Certificate shall be surrendered to the Securities Transfer Agent and Registrar, or if the Securities Transfer Agent and Registrar shall receive evidence to its satisfaction of the destruction, loss or theft of any Trust Securities Certificate and (b) there shall be delivered to the Securities Transfer Agent and Registrar and the Administrators Administrative Trustees such security or indemnity as may be required by them to save each of them and the Depositor harmless, then in the absence of notice that such Trust Securities Certificate shall have been acquired by a bona fide purchaser, the AdministratorsAdministrative Trustees, or any one of them, on behalf of the Trust shall execute by manual or facsimile signature and, if execution on behalf of the Trust is by facsimile signature, shall cause the Transfer Agent and Registrar or its agent to countersign; and the Administrative Trustees, or any one of them, and, if executed on behalf of the Trust by facsimile signature, the Transfer Agent and Registrar or its agent, shall make available for delivery, and the Property Trustee shall authenticate, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Trust Securities Certificate, a new Trust Securities Certificate of like class, tenor and denomination. Notwithstanding the foregoing, in case any such mutilated, destroyed, lost or stolen Trust Securities Certificate has become or is about to become due and payable, the Trust, in its discretion (by an Administrator) may, instead of issuing a new Trust Securities Certificate, pay such Trust Securities Certificate. In connection with the issuance of any new Trust Securities Certificate under this Section, the Administrators Administrative Trustees or the Securities Transfer Agent and Registrar 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 Securities Certificate issued pursuant to this Section shall constitute conclusive evidence of an undivided beneficial interest in the assets of the Trust corresponding to that evidenced by the lost, stolen or destroyed Trust Securities CertificateProperty, as if originally issued, whether or not the lost, stolen or destroyed Trust Securities Certificate shall be found at any time. The provisions of this Section 506 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement of mutilated, destroyed, lost or stolen Trust Securities Certificates. Section 507 PERSONS DEEMED HOLDERS. Prior to due presentment of a Trust Preferred Securities Certificate for registration of transfer, the Trustees, the Administrators or the Securities Registrar shall treat the Person in whose name any Trust Securities are issued as the owner of such Trust Securities for the purpose of receiving Distributions and for all other purposes whatsoever (subject to the record date provisions hereof), and none of the Trustees, the Administrators nor the Securities Registrar shall be bound by any notice to the contrary. Section 508 ACCESS TO LIST OF HOLDERS' NAMES AND ADDRESSES. Semiannually, not later than _______________ and _______________ in each year, commencing with the year 200_, and at such other times as the Property Trustee may request in writing, the Depositor shall furnish or cause to be furnished to the Property Trustee information as to the names and addresses of the Holders, and the Property Trustee shall preserve such information and similar information received by it in any other capacity and afford to the Holders access to information so preserved by it, all to such extent, if any, and in such manner as shall be required by the Trust Indenture Act; provided, however, that no such list need be furnished so long as the Property Trustee shall be the Securities Registrar. Every holder of Trust Securities by receiving and holding the same, agrees with the Depositor and the Property Trustee that neither the Depositor nor the Property Trustee nor any agent of either of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Trust Securities in accordance with Section 312 of the Trust Indenture Act, or any successor section of such Act, regardless of the source from which such information was derived, and that the Property Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 312(b) of the Trust Indenture Act, or any successor section of such Act.

Appears in 1 contract

Samples: Trust Agreement (Pp&l Capital Funding Trust I)

Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates. If (a) any mutilated Trust Securities Certificate shall be surrendered to the Securities Registrar, or if the Securities Registrar shall receive evidence to its satisfaction of the destruction, loss or theft of any Trust Securities Certificate and (b) there shall be delivered to the Securities Registrar and the Administrators such security or indemnity as may be required by them to save each of them harmless, then in the absence of notice that such Trust Securities Certificate shall have been acquired by a bona fide purchaser, the Administrators, or any one of them, on behalf of the Issuer Trust shall execute and make available for delivery, and the Property Trustee shall authenticate, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Trust Securities Certificate, a new Trust Securities Certificate of like class, tenor and denomination. Notwithstanding the foregoing, in case any such mutilated, destroyed, lost or stolen Trust Securities Certificate has become or is about to become due and payable, the Trust, in its discretion (by an Administrator) may, instead of issuing a new Trust Securities Certificate, pay such Trust Securities Certificate. In connection with the issuance of any new Trust Securities Certificate under this Section, the Administrators or the Securities Registrar may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith and any other expenses (including the fees and expenses of the Property Trustee) connected therewith. Any duplicate Trust Securities Certificate issued pursuant to this Section shall constitute conclusive evidence of an undivided beneficial interest in the assets of the Issuer Trust corresponding to that evidenced by the mutilated, lost, stolen or destroyed Trust Securities Certificate, as if originally issued, whether or not the mutilated, lost, stolen or destroyed Trust Securities Certificate shall be found at any time. In case any such mutilated, destroyed, lost or stolen Trust Securities Certificate has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Trust Securities Certificate, pay such Trust Securities Certificate. The provisions of this Section 506 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 Securities Certificates. Section 507 PERSONS DEEMED HOLDERS. Prior to due presentment of a Trust Preferred Securities Certificate for registration of transfer, the Trustees, the Administrators or the Securities Registrar shall treat the Person in whose name any Trust Securities are issued as the owner of such Trust Securities for the purpose of receiving Distributions and for all other purposes whatsoever (subject to the record date provisions hereof), and none of the Trustees, the Administrators nor the Securities Registrar shall be bound by any notice to the contrary. Section 508 ACCESS TO LIST OF HOLDERS' NAMES AND ADDRESSES. Semiannually, not later than _______________ and _______________ in each year, commencing with the year 200_, and at such other times as the Property Trustee may request in writing, the Depositor shall furnish or cause to be furnished to the Property Trustee information as to the names and addresses of the Holders, and the Property Trustee shall preserve such information and similar information received by it in any other capacity and afford to the Holders access to information so preserved by it, all to such extent, if any, and in such manner as shall be required by the Trust Indenture Act; provided, however, that no such list need be furnished so long as the Property Trustee shall be the Securities Registrar. Every holder of Trust Securities by receiving and holding the same, agrees with the Depositor and the Property Trustee that neither the Depositor nor the Property Trustee nor any agent of either of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Trust Securities in accordance with Section 312 of the Trust Indenture Act, or any successor section of such Act, regardless of the source from which such information was derived, and that the Property Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 312(b) of the Trust Indenture Act, or any successor section of such Act.

Appears in 1 contract

Samples: Trust Agreement (Aig Capital Trust I)

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