Payment of Taxes; Duties of the Trust. Pursuant to Section 10.06 of the Indenture, the Depositor, as borrower on the Junior Subordinated Debt Securities, has agreed to, and it shall, promptly pay any taxes, duties or governmental charges of whatever nature (other than United States withholding taxes) imposed on the Trust by the United States or any other taxing authority.
Appears in 4 contracts
Samples: Declaration of Trust (Guaranty Capital Trust I), Declaration of Trust (Southern Financial Capital Trust I), Declaration of Trust (Highlands Capital Trust I)
Payment of Taxes; Duties of the Trust. Pursuant to Section ------------------------------------- 10.06 of the Indenture, the Depositor, as borrower on the Junior Subordinated Debt Securities, has agreed to, and it shall, promptly pay any taxes, duties or governmental charges of whatever nature (other than United States withholding taxes) imposed on the Trust by the United States or any other taxing authority.
Appears in 2 contracts
Samples: Declaration of Trust (Commonwealth Bankshares Inc), Declaration of Trust (Commonwealth Bankshares Inc)
