Common use of Payment of Distributions Clause in Contracts

Payment of Distributions. The Trust shall maintain a Paying Agent with respect to the Trust Preferred Securities, which shall initially be Wilmington Trust Company. The Paying Agent shall be permitted to resign as Paying Agent upon 30 days' written notice to the Trustee. If Wilmington Trust Company resigns as Paying Agent, the Trustee shall appoint another bank or trust company to act as Paying Agent. As long as the Trust Preferred Securities are listed on the [insert applicable stock exchange], the Trust shall also maintain a Paying Agent in [insert location/country of applicable stock exchange]. The initial [insert location/country of applicable stock exchange]Paying Agent shall be [insert name of Paying Agent]. As long as the Trust Preferred Securities are in book-entry form, payments on the Trust Preferred Securities shall be made to DTC, which shall credit the relevant accounts at DTC on the scheduled payment dates. The payments shall be distributed to participants, indirect participants and beneficial owners of the Trust Preferred Securities in accordance with DTC's procedures. If Definitive Trust Preferred Securities Certificates are issued as described in Section 4.03(c), payments on the Trust Preferred Securities shall be made by check mailed to the address of the Holder entitled to receive the payment, as such address appears in the Register. Payments of the redemption price of, and distributions in liquidation on, Trust Preferred Securities shall be made upon surrender of such Trust Preferred Securities at the office of the Paying Agent. The Grantor shall pay Dividends on, the redemption price of, and Liquidation Preferences on, the Company Preferred Securities directly to the Paying Agent for distribution to the Holders of the Trust Preferred Securities in accordance with the terms of this Trust Agreement and the paying agency agreement as then in effect with the Paying Agent. If any distributions on the Trust Preferred Securities would be payable on a day that is not a Business Day, that distribution shall instead be made on the next Business Day. No interest or other payment shall be due as a result of any such delay.

Payment of Distributions. The Trust shall maintain a Paying Agent with respect to the Trust Preferred Securities, which shall initially be Wilmington Trust CompanyJPMorgan Chase Bank, N.A., at its corporate trust office in New York, New York. The Paying Agent shall be permitted to resign as Paying Agent upon 30 days' ’ written notice to the Trustee. If Wilmington Trust Company JPMorgan Chase Bank resigns as Paying Agent, the Trustee shall appoint another bank or trust company to act as Paying Agent. As long as [If the Trust Preferred Securities are will be listed on the [a stock exchange insert applicable stock paying agents required by such exchange], the Trust shall also maintain a Paying Agent in [insert location/country of applicable stock exchange]. The initial [insert location/country of applicable stock exchange]Paying Agent shall be [insert name of Paying Agent]. ] As long as the Trust Preferred Securities are in book-entry form, payments on the Trust Preferred Securities shall be made to DTC, which shall credit the relevant accounts at DTC on the scheduled payment dates. The payments shall be distributed to participants, indirect participants and beneficial owners of the Trust Preferred Securities in accordance with DTC's ’s procedures. If Definitive Trust Preferred Securities Certificates are issued as described in Section 4.03(c), payments on the Trust Preferred Securities shall be made by check mailed to the address of the Holder entitled to receive the payment, as such address appears in the Register. Payments of the redemption price of, and and, if the Trust shall liquidate or dissolve as provided herein, distributions in liquidation on, Trust Preferred Securities shall be made upon surrender of such Trust Preferred Securities at the office of the Paying Agent. The Grantor [Grantor][Guarantor] shall pay Dividends pay, or cause to be paid, [Dividends][Interest Payments][other payments] on, the redemption price of, [and Liquidation Preferences on, Preference on the Company Preferred Securities Securities][Subordinated Notes][Eligible Investments] directly to the Paying Agent for distribution to the Holders of the Trust Preferred Securities in accordance with the terms of this Trust Agreement and the paying agency agreement as then in effect with the Paying Agent. If any distributions on the Trust Preferred Securities would be payable on a day that is not a Business Day, that distribution shall instead be made on the next Business Day, except that if that Business Day falls in the next calendar year, the distribution shall be made on the preceding Business Day. No interest or other payment shall be due as a result of any such delayadjustment.

Payment of Distributions. The Trust shall maintain a Paying Agent with respect to the Trust Preferred Securities, which shall initially be Wilmington Trust CompanyThe Bank of New York Mellon, at the Corporate Office. The Paying Agent shall be permitted to resign as Paying Agent upon 30 days' ’ written notice to the Trustee. If Wilmington Trust Company The Bank of New York Mellon resigns as Paying Agent, the Trustee shall appoint another bank or trust company to act as Paying Agent. As long as [If the Trust Preferred Securities are will be listed on the [a stock exchange insert applicable stock paying agents required by such exchange], the Trust shall also maintain a Paying Agent in [insert location/country of applicable stock exchange]. The initial [insert location/country of applicable stock exchange]Paying Agent shall be [insert name of Paying Agent]. ] As long as the Trust Preferred Securities are in book-entry form, payments on the Trust Preferred Securities shall be made to DTC, which shall credit the relevant accounts at DTC on the scheduled payment dates. The payments shall be distributed to participants, indirect participants and beneficial owners of the Trust Preferred Securities in accordance with DTC's ’s procedures. If Definitive Trust Preferred Securities Certificates are issued as described in Section 4.03(c), payments on the Trust Preferred Securities shall be made by check mailed to the address of the Holder entitled to receive the payment, as such address appears in the Register. Payments of the redemption price of, and and, if the Trust shall liquidate or dissolve as provided herein, distributions in liquidation on, Trust Preferred Securities shall be made upon surrender of such Trust Preferred Securities at the office of the Paying Agent. The Grantor [Grantor][Guarantor] shall pay Dividends pay, or cause to be paid, [Dividends] [Interest Payments] [other payments] on, the redemption price of, [and Liquidation Preferences on, Preference on the Company Preferred Securities Securities] [Subordinated Notes] [Eligible Investments] directly to the Paying Agent for distribution to the Holders of the Trust Preferred Securities in accordance with the terms of this Trust Agreement and the paying agency agreement as then in effect with the Paying Agent. If any distributions on the Trust Preferred Securities would be payable on a day that is not a Business Day, that distribution shall instead be made on the next Business Day, except that if that Business Day falls in the next calendar year, the distribution shall be made on the preceding Business Day. No interest or other payment shall be due as a result of any such delayadjustment.

Payment of Distributions. The Trust shall maintain a Paying Agent with respect to the Trust Preferred Securities, which shall initially be Wilmington Trust Company. The Paying Agent shall be permitted to resign as Paying Agent upon 30 days' written notice to the Trustee. If Wilmington Trust Company resigns as Paying Agent, the Trustee shall appoint another bank or trust company to act as Paying Agent. As long as the Trust Preferred Securities are listed on the [insert applicable stock exchange]Luxembourg Stock Exchange, the Trust shall also maintain a Paying Agent in [insert location/country of applicable stock exchange]Luxembourg. The initial [insert location/country of applicable stock exchange]Paying Luxembourg Paying Agent shall be [insert name of Paying Agent]BNP Paribas. As long as the Trust Preferred Securities are in book-entry form, payments on the Trust Preferred Securities shall be made to DTC, which shall credit the relevant accounts at DTC on the scheduled payment dates. The payments shall be distributed to participants, indirect participants and beneficial owners of the Trust Preferred Securities in accordance with DTC's procedures. If Definitive Trust Preferred Securities Certificates are issued as described in Section 4.03(c), payments on the Trust Preferred Securities shall be made by check mailed to the address of the Holder entitled to receive the payment, as such address appears in the Register. Payments of the redemption price of, and distributions in liquidation on, Trust Preferred Securities shall be made upon surrender of such Trust Preferred Securities at the office of the Paying Agent. The Grantor shall pay Dividends on, the redemption price of, and Liquidation Preferences on, the Company Preferred Securities directly to the Paying Agent for distribution to the Holders of the Trust Preferred Securities in accordance with the terms of this Trust Agreement and the paying agency agreement as then in effect with the Paying Agent. If any distributions on the Trust Preferred Securities would be payable on a day that is not a Business Day, that distribution shall instead be made on the next Business Day. No interest or other payment shall be due as a result of any such delay.

Payment of Distributions. The Trust shall maintain a Paying Agent with respect to the Trust Preferred Securities, Securities which shall initially be Wilmington Trust Company. The Paying Agent shall be permitted to resign as Paying Agent upon 30 days' written notice to the Trustee. If Wilmington Trust Company resigns as Paying Agent, the Trustee shall appoint another bank or trust company to act as Paying Agent. As long as the Trust Preferred Securities are listed on the [insert applicable stock exchange]Luxembourg Stock Exchange, the Trust shall also maintain a Paying Agent in [insert location/country of applicable stock exchange]Luxembourg. The initial [insert location/country of applicable stock exchange]Paying Luxembourg Paying Agent shall be [insert name of Paying Agent--]. As long as the Trust Preferred Securities are in book-entry form, payments on the Trust Preferred Securities shall be made to DTC, which shall credit the relevant accounts at DTC on the scheduled payment dates. The payments shall be distributed to participants, indirect participants and beneficial owners of the Trust Preferred Securities in accordance with DTC's procedures. If Definitive definitive Trust Preferred Securities Certificates are issued as described in Section 4.03(c), payments on the Trust Preferred Securities shall be made by check mailed to the address of the Holder entitled to receive the payment, as such address appears in the Register. Payments of the redemption price of, and distributions in liquidation on, Trust Preferred Securities shall be made upon surrender of such Trust Preferred Securities at the office of the Paying Agent. The Grantor shall pay Dividends on, the redemption price of, and Liquidation Preferences on, the Company Preferred Securities directly to the Paying Agent for distribution to the Holders of the Trust Preferred Securities in accordance with the terms of this Trust Agreement and the paying agency agreement as then in effect with the Paying Agent. If any distributions on the Trust Preferred Securities would be payable on a day that is not a Business Day, that distribution shall instead be made on the next Business Day. No interest or other payment shall be due as a result of any such delay.

Payment of Distributions. The Trust shall maintain a Paying Agent with respect to the Trust Preferred Securities, which shall initially be Wilmington Trust CompanyJPMorgan Chase Bank at its corporate trust office in New York, New York. The Paying Agent shall be permitted to resign as Paying Agent upon 30 days' written notice to the Trustee. If Wilmington Trust Company JPMorgan Chase Bank resigns as Paying Agent, the Trustee shall appoint another bank or trust company to act as Paying Agent. [IF THE TRUST PREFERRED SECURITIES WILL BE LISTED ON THE LUXEMBOURG STOCK EXCHANGE INSERT: As long as the Trust Preferred Securities are listed on the [insert applicable stock exchange]Luxembourg Stock Exchange, the Trust shall also maintain a Paying Agent in [insert location/country of applicable stock exchange]Luxembourg. The initial [insert location/country of applicable stock exchange]Paying Luxembourg Paying Agent shall be [insert name of Paying Agent]. ________.] As long as the Trust Preferred Securities are in book-entry form, payments on the Trust Preferred Securities shall be made to DTC, which shall credit the relevant accounts at DTC on the scheduled payment dates. The payments shall be distributed to participants, indirect participants and beneficial owners of the Trust Preferred Securities in accordance with DTC's procedures. If Definitive Trust Preferred Securities Certificates are issued as described in Section 4.03(c), payments on the Trust Preferred Securities shall be made by check mailed to the address of the Holder entitled to receive the payment, as such address appears in the Register. Payments of the redemption price of, and and, if the Trust shall liquidate or dissolve as provided herein, distributions in liquidation on, Trust Preferred Securities shall be made upon surrender of such Trust Preferred Securities at the office of the Paying Agent. The Grantor shall pay Dividends on, the redemption price of, and Liquidation Preferences on, the Company Preferred Securities directly to the Paying Agent for distribution to the Holders of the Trust Preferred Securities in accordance with the terms of this Trust Agreement and the paying agency agreement as then in effect with the Paying Agent. If any distributions on the Trust Preferred Securities would be payable on a day that is not a Business Day, that distribution shall instead be made on the next Business Day, except that if that Business Day falls in the next calendar year, the distribution shall be made on the preceding Business Day. No interest or other payment shall be due as a result of any such delayadjustment.