Common use of Payment of Trust Costs and Expenses Clause in Contracts

Payment of Trust Costs and Expenses. Since the Trust is being formed solely to facilitate an investment in the Debentures, the Company, in its capacity as the issuer of the Debentures, hereby covenants to pay all debts and obligations (other than with respect to the Preferred Securities and Common Securities) and all costs and expenses of the Trust (including all costs and expenses relating to the organization of the Trust, the fees and expenses of the Trustees and all costs and expenses relating to the operation of the Trust) and to pay any and all taxes, duties, assessments or governmental charges of whatever nature (other than withholding taxes) imposed on the Trust by the United States or any other taxing authority, so that the net amounts received and retained by the Trust and the Property Trustee after paying such expenses shall be equal to the amounts the Trust and the Property Trustee would have received had no such costs or expenses been incurred by or imposed on the Trust. The obligations of the Company to pay all debts, obligations, costs and expenses of the Trust (other than with respect to the Preferred Securities and Common Securities) shall constitute additional indebtedness hereunder and shall survive the satisfaction and discharge of this Indenture.

Payment of Trust Costs and Expenses. Since the each Trust is being formed solely to facilitate an investment in the DebenturesSecurities, the Company, in its capacity as the issuer of the DebenturesSecurities, hereby covenants to pay all debts and obligations (other than with respect to the Preferred Securities and Common Securities) and all costs and expenses of the each Trust (including including, but not limited to, all costs and expenses relating to the organization of the Trust, the fees and expenses of the relevant Trustees and all costs and expenses relating to the operation of the Trust) and to pay any and all taxes, duties, assessments or governmental charges of whatever nature (other than withholding taxes) imposed on the any Trust by the United States States, or any other taxing authority, so that the net amounts received and retained by the such Trust and the Property Trustee after paying such expenses shall will be equal to the amounts the such Trust and the Property Trustee would have received had no such costs or expenses been incurred by or imposed on the such Trust. The obligations of the Company to pay all debts, obligations, costs and expenses of the each Trust (other than with respect to the Preferred Securities and Common Securities) shall constitute additional indebtedness hereunder and shall survive the satisfaction and discharge of this Indenture.

Payment of Trust Costs and Expenses. Since the each Trust is being formed solely to facilitate an investment in the DebenturesSecurities, the Company, in its capacity as the issuer of the DebenturesSecurities, hereby covenants to pay all debts and obligations (other than with respect to the Preferred Capital Securities and Common Securities) and all costs and expenses of the each Trust (including including, but not limited to, all costs and expenses relating to the organization of the Trust, the fees and expenses of the Trustees and all costs and expenses relating to the operation of the Trust) and to pay any and all taxes, duties, assessments or governmental charges of whatever nature (other than withholding taxes) imposed on the Trust by the United States States, or any other taxing authority, so that the net amounts received and retained by the Trust and the Property Trustee after paying such expenses shall will be equal to the amounts the Trust and the Property Trustee would have received had no such costs or expenses been incurred by or imposed on the Trust. The obligations of the Company to pay all debts, obligations, costs and expenses of the each Trust (other than with respect to the Preferred Capital Securities and Common Securities) shall constitute additional indebtedness hereunder and shall survive the satisfaction and discharge of this Indenture.

Payment of Trust Costs and Expenses. Since the each Trust is being formed solely to facilitate an investment in the DebenturesSecurities, the Company, in its capacity as the issuer of the DebenturesSecurities, hereby covenants to pay all debts and obligations (other than with respect to the Preferred Securities and Common Securities) and all costs and expenses of the each Trust (including including, but not limited to, all costs and expenses relating to the organization of the Trust, the fees and expenses of the Trustees and all costs and expenses relating to the operation of the Trust) and to pay any and all taxes, duties, assessments or governmental charges of whatever nature (other than withholding taxes) imposed on the Trust by the United States States, or any other taxing authority, so that the net amounts received and retained by the Trust and the Property Trustee after paying such expenses shall will be equal to the amounts the Trust and the Property Trustee would have received had no such costs or expenses been incurred by or imposed on the Trust. The obligations of the Company to pay all debts, obligations, costs and expenses of the each Trust (other than with respect to the Preferred Securities and Common Securities) shall constitute additional indebtedness hereunder and shall survive the satisfaction and discharge of this Indenture.

Payment of Trust Costs and Expenses. Since the each Trust is being formed solely to facilitate an investment in the DebenturesSecurities, the Company, in its capacity as the issuer of the DebenturesSecurities, hereby covenants to pay all debts and obligations (other than with respect to the Preferred Securities and Common Securities) and all costs and expenses of the each Trust (including including, but not limited to, all costs and expenses relating to the organization of the Trust, the fees and expenses of the relevant Trustees and all costs and 69 61 expenses relating to the operation of the Trust) and to pay any and all taxes, duties, assessments or governmental charges of whatever nature (other than withholding taxes) imposed on the any Trust by the United States States, or any other taxing authority, so that the net amounts received and retained by the such Trust and the Property Trustee after paying such expenses shall will be equal to the amounts the such Trust and the Property Trustee would have received had no such costs or expenses been incurred by or imposed on the such Trust. The obligations of the Company to pay all debts, obligations, costs and expenses of the each Trust (other than with respect to the Preferred Securities and Common Securities) shall constitute additional indebtedness hereunder and shall survive the satisfaction and discharge of this Indenture.

Payment of Trust Costs and Expenses. Since the each Trust is being formed solely to facilitate an investment in the DebenturesSecurities, the Company, in its capacity as the issuer of the DebenturesSecurities, hereby covenants to pay all debts and obligations (other than with respect to the Preferred Securities and Common Securities) and all costs and expenses of the each Trust (including including, but not limited to, all costs and expenses relating to the organization of the Trust, the fees and expenses of the Trustees trustees of the Trust and all costs and expenses relating to the operation of the Trust) and to pay any and all taxes, duties, assessments or governmental charges of whatever nature (other than United States federal withholding taxes) imposed on the Trust by the United States States, or any other taxing authority, so that the net amounts received and retained by the Trust and the Property Trustee after paying such expenses shall will be equal to the amounts the Trust and the Property Trustee would have received had no such costs or expenses been incurred by or imposed on the Trust. The obligations of the Company to pay all debts, obligations, costs and expenses of the each Trust (other than with respect to the Preferred Securities and Common Securities) shall constitute additional indebtedness hereunder and shall survive the satisfaction and discharge of this Indenture.