Common use of Powers and Duties of the Preferred Guarantee Trustee Clause in Contracts

Powers and Duties of the Preferred Guarantee Trustee. (a) This Preferred Securities Guarantee shall be held by the Preferred Guarantee Trustee for the benefit of the Holders, and the Preferred Guarantee Trustee shall not transfer its right, title and interest in this Preferred Securities Guarantee to any Person except a Holder

Appears in 2 contracts

Samples: Guarantee Agreement (Hartford Life Capital Iii), Guarantee Agreement (Hartford Life Capital Iii)

AutoNDA by SimpleDocs

Powers and Duties of the Preferred Guarantee Trustee. (a) This Preferred Securities Guarantee shall be held by the Preferred Guarantee Trustee for the benefit of the Holders, and the Preferred Guarantee Trustee shall not transfer its right, title and interest in this Preferred Securities Guarantee to any Person except a HolderHolder exercising his or her rights pursuant to Section 5.4(b) or to a Successor Preferred Guarantee

Appears in 1 contract

Samples: Preferred Securities Guarantee Agreement (Nationwide Financial Services Inc/)

AutoNDA by SimpleDocs

Powers and Duties of the Preferred Guarantee Trustee. (a) This Preferred Securities Guarantee shall be held by the Preferred Guarantee Trustee for the benefit of the HoldersHolders of the Preferred Securities, and the Preferred Guarantee Trustee shall not transfer its right, title and interest in this Preferred Securities Guarantee to any Person except a HolderHolder of Preferred Securities exercising his or her rights pursuant to Section 5.4(b) or to a Successor Preferred Guarantee Trustee on acceptance by such Successor Preferred Guarantee Trustee of its appointment to act as

Appears in 1 contract

Samples: Preferred Securities Guarantee Agreement (Qualicomm Financial Trust I)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!