Payment of Taxes, Duties, Etc. of the Trust. Upon receipt under the Debentures of Additional Interest (as defined in the Subordinated Indenture), the Property Trustee at the direction of an Administrative Trustee or the Depositor shall promptly pay any taxes, duties or governmental charges of whatsoever nature (other than withholding taxes) imposed on the Trustee by the United States or any other taxing authority.
Appears in 2 contracts
Samples: Trust Agreement (Entergy Gulf States Inc), Trust Agreement (Entergy Gulf States Capital I)
Payment of Taxes, Duties, Etc. of the Trust. Upon receipt under the Debentures of Additional Interest (as defined in Section 1.1 of the Subordinated Indenture), the Property Trustee Trustee, at the direction of an Administrative Trustee or the Depositor Depositor, shall promptly pay any taxes, duties or governmental charges of whatsoever nature (other than withholding taxes) imposed on the Trustee Trust by the United States or any other taxing authority.
Appears in 2 contracts
Samples: Trust Agreement (Eagle Bancshares Inc), Trust Agreement (Sal Trust Preferred Fund I)
Payment of Taxes, Duties, Etc. of the Trust. Upon receipt under the Debentures of Additional Interest Attributable to Taxes (as defined in the Subordinated Indenture), the Property Trustee at shall distribute to the direction of Administrative Trustees an Administrative Trustee or the Depositor amount requested by them and they shall promptly pay any taxes, duties duties, assessments or governmental charges of whatsoever nature (other than withholding taxes) imposed on the Trustee Trust by the United States or any other taxing authority.
Appears in 2 contracts
Samples: Trust Agreement (Western Resources Capital Ii), Trust Agreement (Southwestern Public Service Co)
Payment of Taxes, Duties, Etc. of the Trust. Upon receipt under the Debentures of Additional Interest (as defined in Section 1.1 of the Subordinated Indenture), the Property Trustee Trustee, at the direction of an Administrative Trustee or the Depositor Depositor, shall promptly pay from amounts received as Additional Interest any taxes, duties or governmental charges of whatsoever nature (other than withholding taxes) imposed on the Trustee Trust by the United States or any other taxing authority.
Appears in 2 contracts
Samples: Trust Agreement (Eagle Bancshares Inc), Trust Agreement (Franklin Capital Trust I)
Payment of Taxes, Duties, Etc. of the Trust. Upon receipt under the Debentures of Additional Interest Sums (as defined in Section 1.1 of the Subordinated Indenture), the Property Trustee Trustee, at the written direction of an Administrative Trustee or the Depositor Depositor, shall promptly pay any taxes, duties or governmental charges of whatsoever nature (other than withholding taxes) imposed on the Trustee Trust by the United States or any other taxing authority.
Appears in 1 contract
Samples: Trust Agreement (Enterprise Financial Services Corp)
