Common use of Number of Issuer Trustees Clause in Contracts

Number of Issuer Trustees. (a) The initial number of Issuer Trustees shall be five, provided that the Property Trustee and the Delaware Trustee may be the same Person if the Property Trustee satisfies the applicable requirements.

Appears in 1 contract

Samples: Trust Agreement (HSB Group Inc)

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Number of Issuer Trustees. (a) The initial number of Issuer Trustees shall be five, provided that the Holder of all of the Common Securities by written instrument may increase or decrease the number of Administrative Trustees. The Property Trustee and the Delaware Trustee may be the same Person if the Property Trustee satisfies the applicable requirementsPerson.

Appears in 1 contract

Samples: Trust Agreement (Zions Institutional Capital Trust A)

Number of Issuer Trustees. (a) The initial number of Issuer Trustees shall be fivefour, PROVIDED that the Holder of all of the Common Securities by written instrument may increase or decrease the number of Administrative Trustees, provided further that the Property Trustee and the Delaware Trustee may be the same Person if the Property Trustee satisfies meets the applicable requirementsrequirements set forth in Section 8.7(c).

Appears in 1 contract

Samples: Trust Agreement (DPL Inc)

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Number of Issuer Trustees. (a) The initial number of Issuer Trustees shall be five, provided that the Property Trustee and the Delaware Trustee may be the same Person if Person. The number of Issuer Trustees may be increased or decreased by the Property Holder of the Common Securities subject to Section 8.7 and 8.20. The death, resignation, retirement, removal, bankruptcy, incompetence or incapacity to perform the duties of an Issuer Trustee satisfies shall not operate to annual, dissolve or terminate the applicable requirementsIssuer Trust.

Appears in 1 contract

Samples: Expenses and Liabilities (Privatebancorp, Inc)

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