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

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

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