Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by Imperial Capital Trust are payable, or (ii) the date Imperial Capital Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or to holders of the Capital Securities issued by Imperial Capital Trust, but in any event at least five Business Days before such record date. (b) If the Property Trustee is not the only holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give the holders of the Securities and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange. (c) The semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 shall be counted as one of the 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 16. 1. The Chase Manhattan Bank hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Samples: Indenture (Imperial Capital Trust I)
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by Imperial NGC Corporation Capital Trust are payable, or (ii) the date Imperial Capital the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or to holders of the Capital Securities issued by Imperial Capital the Trust, but in any event at least five Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give the holders of the Securities and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange.
(c) The semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 16.02 shall be counted as one of the 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 16.
116.01. The Chase Manhattan First National Bank of Chicago hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, Administrators and the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by Imperial ALBANK Capital Trust are payable, or (ii) the date Imperial Capital the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or to holders of the Capital Securities issued by Imperial Capital the Trust, but in any event at least five Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give the holders of the Securities and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange.
(c) The semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 shall be counted as one of the 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 16.
1. The Chase Manhattan Bank hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Samples: Indenture (Albank Capital Trust I)
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on which Distributions distributions on the Trust Securities issued by Imperial Capital the Trust are payable, or (ii) the date Imperial Capital the Trust is required to give notice of the record date, or the date such Distributions distributions are payable, to any national securities exchange or interdealer quotation system or to holders of the Capital Securities issued by Imperial Capital the Trust, but in any event at least five Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give the holders of the Securities and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchangeexchange or interdealer quotation system.
(c) The semi-annual quarterly period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 16.02 shall be counted as one of the 10 semi-annual 20 quarterly periods permitted in the maximum Extended Interest Payment Period permitted under Section 16.
116.01. The Chase Manhattan Bank of New York hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by Imperial UNB Capital Trust are payable, or (ii) the date Imperial UNB Capital Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or to holders of the Capital Securities issued by Imperial UNB Capital Trust, but in any event at least five Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give the holders of the Securities and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange.
(c) The semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 16.02 shall be counted as one of the 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 16.
116.01. The Chase Manhattan Bank of New York hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Samples: Indenture (United National Bancorp)
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on which Distributions distributions on the Trust Securities issued by Imperial BankBoston Capital Trust are payable, or (ii) the date Imperial Capital the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or to holders of the Capital Securities issued by Imperial Capital the Trust, but in any event at least five Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give the holders of the Securities and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange.
(c) The semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 16.02 shall be counted as one of the 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 16.
116.01. The Chase Manhattan Bank of New York hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Samples: Indenture (Bank of Boston Corp)
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on which Distributions distributions on the Trust Securities issued by Imperial First USA Capital Trust are payable, or (ii) the date Imperial Capital the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or to holders of the Capital Securities issued by Imperial Capital the Trust, but in any event at least five Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give the holders of the Securities and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange.
(c) The semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 16.02 shall be counted as one of the 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 16.
116.01. The Chase Manhattan Bank Xxx Xxxx xx Xxx Xxxx hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Samples: Indenture (First Usa Inc)
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on which Distributions distributions on the Trust Securities issued by Imperial Capital the Trust are payable, or (ii) the date Imperial Capital the Trust is required to give notice of the record date, or the date such Distributions distributions are payable, to any national securities exchange or interdealer quotation system or to holders of the Capital Securities issued by Imperial Capital the Trust, but in any event at least five Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give the holders of the Securities and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchangeexchange or interdealer quotation system.
(c) The semi-annual ( ) period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 16.02 shall be counted as one of the 10 semi-annual ( ) ( ) periods permitted in the maximum Extended Interest Payment Period permitted under Section 16.
116.01. The Chase Manhattan Bank of New York hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by Imperial Sovereign Capital Trust are payable, or (ii) the date Imperial Capital the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or to holders of the Capital Securities issued by Imperial Capital the Trust, but in any event at least five Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give the holders of the Securities and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange.
(c) The semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 16.02 shall be counted as one of the 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 16.
116.01. The Chase Manhattan Bank of New York hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Samples: Indenture (Sovereign Bancorp Inc)
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by Imperial Capital the Trust are payable, or (ii) the date Imperial Capital the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or to holders of the Capital Securities issued by Imperial Capital the Trust, but in any event at least five Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give the holders of the Securities and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange.
(c) The semi-annual quarterly period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 16.02 shall be counted as one of the 10 semi-annual 20 quarterly periods permitted in the maximum Extended Interest Payment Period permitted under Section 16.
116.01. The Chase Manhattan Bank Wilmington Trust Company hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Samples: Indenture (Argo Capital Trust Co)
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by Imperial Capital the Trust are payable, or (ii) the date Imperial Capital the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or to holders of the Capital Securities issued by Imperial Capital the Trust, but in any event at least five Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give the holders of the Securities and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange.
(c) The semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 16.02 shall be counted as one of the 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 16.
116.01. The Chase Manhattan Bank Xxx Xxxx xx Xxx Xxxx hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Samples: Indenture (Progress Capital Trust I)
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by Imperial Patriot Capital Trust are payable, or (ii) the date Imperial Capital the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or to holders of the Capital Securities issued by Imperial Capital the Trust, but in any event at least five Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give the holders of the Securities and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange.
(c) The semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 16.02 shall be counted as one of the 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 16.
116.01. The Chase Manhattan Bank of New York hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Samples: Indenture (Patriot Capital Trust I)
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by Imperial PBI Capital Trust are payable, or (ii) the date Imperial Capital the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or to holders of the Capital Securities issued by Imperial Capital the Trust, but in any event at least five Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give the holders of the Securities and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange.
(c) The semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 16.02 shall be counted as one of the 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 16.
116.01. The Chase Manhattan Bank First Union Trust Company, National Association hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Samples: Indenture (Premier Bancorp Inc /Pa/)
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by Imperial Haven Capital Trust are payable, or (ii) the date Imperial Capital the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or to holders of the Capital Securities issued by Imperial Capital the Trust, but in any event at least five Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give the holders of the Securities and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange.
(c) The semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 16.02 shall be counted as one of the 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 16.
116.01. The Chase Manhattan Bank hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Samples: Indenture (Haven Capital Trust I)
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company selects an Extended Interest Payment Extension Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Extension Period five at least 5 Business Days before the earlier of (i) the next succeeding date on which Distributions distributions on the Trust Securities issued by Imperial Trenwick Capital Trust I are payable, or (ii) the date Imperial Capital the Trust is required to give notice of the record date, or the date such 64 71 Distributions are payable, to any national securities exchange or to holders of the Capital Securities issued by Imperial Capital the Trust, but in any event at least five 5 Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company selects an Extended Interest Payment Extension Period, the Company shall give the holders of the Securities and the Trustee written notice of its selection of such Extended Interest Payment Extension Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange.
(c) The semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 16.02 shall be counted as one of the 10 semi-annual periods permitted in the maximum Extended Interest Payment Extension Period permitted under Section 16.
116.01. There is no limitation on the number of times that the Company may elect to begin an Extension Period. The Chase Manhattan Bank hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Samples: Indenture (Trenwick Capital Trust I)
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company Corporation selects an Extended Interest Payment Period, the Company Corporation shall give written notice to the Administrative Trustees, the Property Trustee and the Debenture Trustee of its selection of such Extended Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by Imperial Capital the Trust are payable, or (ii) the date Imperial Capital the Trust is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or to holders of the Capital Securities issued by Imperial Capital the Trust, but in any event at least five Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company Corporation selects an Extended Interest Payment Period, the Company Corporation shall give the holders of the Securities and the Debenture Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company Corporation is required to give notice of the record or payment date of such interest payment to any national securities exchange.
(c) The semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 16.02 shall be counted as one of the 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 16.
116.01. The Chase Manhattan Bank Wilmington Trust Company hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Samples: Indenture (Webster Capital Trust Ii)
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company Corporation selects an Extended Interest Payment Period, the Company Corporation shall give written notice to the Administrative Trustees, the Property Trustee and the Debenture Trustee of its selection of such Extended Interest Payment Period at least five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by Imperial Capital Trust are would have been payable, or (ii) the date Imperial Capital Trust the Property Trustee is required to give notice of the record date, or the date such Distributions are payable, to any national securities exchange or to holders of the Capital Securities issued by Imperial Capital TrustSecurities, but in any event at least five Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company Corporation selects an Extended Interest Payment Period, the Company Corporation shall give the holders of the Securities and the Debenture Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company Debenture Trustee is required to give notice of the record or payment date of such interest payment to any national securities exchange.
(c) The semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 16.02 shall be counted as one of the 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 16.
116.01. The Chase Manhattan First National Bank of Chicago hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 1 contract
Notice of Extension. (a) If the Property Trustee is the only registered holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period five Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by Imperial Webster Capital Trust are payable, or (ii) the date Imperial Capital the Trust is required to give notice of the record datedaxx, or xx the date such Distributions are payable, to any national securities exchange or to holders of the Capital Securities issued by Imperial Capital the Trust, but in any event at least five Business Days before such record date.
(b) If the Property Trustee is not the only holder of the Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give the holders of the Securities and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to any national securities exchange.
(c) The semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 16.2 16.02 shall be counted as one of the 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 16.
116.01. The Chase Manhattan Bank of New York hereby accepts the trusts in this Indenture declared and providedxxxxxxxx, upon the terms and conditions hereinabove xxxx xxx xxxxx xxx xxxxxxxxxx xxxxinabove set forth.
Appears in 1 contract
Samples: Indenture (Webster Financial Corp)