Ownership of Common Securities by Depositor. On the Issue Date, the Depositor shall acquire, and thereafter retain, beneficial and record ownership of the Common Securities. Any attempted transfer of the Common Securities, except for transfers by operation of law, shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating "THIS CERTIFICATE IS NOT TRANSFERABLE".
Appears in 46 contracts
Samples: Trust Agreement (Georgia Power Capital Trust XI), Trust Agreement (Savannah Electric Capital Trust Ii), Trust Agreement (Gulf Power Capital Trust Ii)
Ownership of Common Securities by Depositor. On the Issue DateClosing Date and on each other date provided for in Section 2.5, the Depositor shall acquire, acquire and thereafter retain, retain beneficial and record ownership of the Common Securities. Any To the fullest extent permitted by law, any attempted transfer of the Common Securities, except for transfers by operation of law, Securities shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating "THIS CERTIFICATE IS NOT TRANSFERABLE".
Appears in 5 contracts
Samples: Trust Agreement (Hartford Financial Services Group Inc/De), Trust Agreement (Hartford Capital V), Trust Agreement (Chubb Capital Trust Iii)
Ownership of Common Securities by Depositor. On the Issue DateClosing Date and on each other date provided for in Section 2.05, the Depositor shall acquire, and thereafter retain, beneficial and record ownership of the Common Securities. Any attempted transfer of the Common Securities, except for transfers by operation of law, Securities shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating "THIS CERTIFICATE IS NOT TRANSFERABLE".
Appears in 3 contracts
Samples: Agreement (Texas Utilities Electric Co), Trust Agreement (Tu Electric Capital I), Trust Agreement (Tu Electric Capital Ii)
Ownership of Common Securities by Depositor. On the Issue DateClosing Date and on each other date provided for in Section 2.05, the Depositor shall acquire, acquire and thereafter retain, retain beneficial and record ownership of the Common Securities. Any To the fullest extent permitted by law, any attempted transfer of the Common Securities, except for transfers by operation of law, Securities shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating "THIS CERTIFICATE IS NOT TRANSFERABLE".
Appears in 3 contracts
Samples: Agreement (Usf&g Corp), Agreement (Usf&g Corp), Agreement (Usf&g Corp)
Ownership of Common Securities by Depositor. On the Issue Closing ------------------------------------------- Date, the Depositor shall acquire, acquire and thereafter retain, retain beneficial and record ownership of the Common Securities. Any To the fullest extent permitted by law, any attempted transfer of the Common Securities, except for transfers by operation of law, Securities shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating "THIS CERTIFICATE IS NOT TRANSFERABLE".
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Ownership of Common Securities by Depositor. On the Issue Closing Date, the Depositor shall acquire, and thereafter retain, beneficial and record ownership of the Common Securities. Any attempted transfer of the Common Securities, except for transfers by operation of law, Securities shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating "THIS CERTIFICATE IS NOT TRANSFERABLE.".
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Ownership of Common Securities by Depositor. On tor the Issue Date, the Depositor shall acquire, and thereafter retain, beneficial and record ownership of the Common Securities. Any attempted transfer of the Common Securities, except for transfers by operation of law, shall be void. The Administrative Trustees shall cause each Common Securities Certificate issued to the Depositor to contain a legend stating "THIS CERTIFICATE IS NOT TRANSFERABLE".
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