Payments Pursuant to Direct Actions. The Company shall have the right to set off against its obligations to the Trust, as Holder, any payment made to a holder of Preferred Securities in connection with a Direct Action.
Appears in 8 contracts
Samples: New York Community Bancorp Inc, Supplemental Indenture (New York Community Bancorp Inc), Supplemental Indenture (New York Community Bancorp Inc)
Payments Pursuant to Direct Actions. The Company shall will have the right to set off against its obligations to the Trust, as HolderHolder of the Subordinated Notes, any payment made to a holder of Preferred Securities in connection with a Direct Action.
Appears in 3 contracts
Samples: CMS Energy Corp, CMS Energy Corp, Hfi Trust I
Payments Pursuant to Direct Actions. The Company shall have the right to set set-off against its obligations to the Trust, as HolderHolder of the Subordinated Debentures, any payment made to a holder of Preferred Securities in connection with a Direct Action.
Appears in 3 contracts
Samples: Supplemental Indenture (Northwestern Corp), Fourth Supplemental Indenture (Northwestern Corp), Supplemental Indenture (Northwestern Capital Financing I)
Payments Pursuant to Direct Actions. The Company shall will have the right to set off against its obligations to the Trust, as HolderHolder of the Notes, any payment made to a holder of Preferred Securities in connection with a Direct Action.
Appears in 2 contracts
Samples: First Supplemental Indenture (Public Service Enterprise Group Inc), First Supplemental Indenture (Public Service Electric & Gas Co)
Payments Pursuant to Direct Actions. The Company shall will have the ------------------------------------ right to set off against its obligations to the Trust, as HolderHolder of the Notes, any payment made to a holder of Preferred Securities in connection with a Direct Action.
Appears in 1 contract
Payments Pursuant to Direct Actions. The Company shall have the right to set off against its obligations to the Trust, as Holder, any payment made to a holder of Preferred Securities Trust PIERS in connection with a Direct Action.
Appears in 1 contract
