Common use of Redemptions of Company Preferred Securities Clause in Contracts

Redemptions of Company Preferred Securities. The Trust Preferred Securities shall be redeemed only upon redemption of the Company Preferred Securities. If the Grantor redeems the Company Preferred Securities in accordance with the LLC Agreement, then the Grantor shall give the Trustee at least 30 days' prior notice before doing so. The Trustee shall mail the notice of the redemption not less than 25 days prior to the date fixed for redemption of the Company Preferred Securities to the Holders of the Trust Preferred Securities. No defect in the notice of redemption or in the mailing or delivery thereof or publication of its contents shall affect the validity of the redemption proceedings. If only some of the outstanding Trust Preferred Securities are to be redeemed, the Trust Preferred Securities to be redeemed shall be selected in accordance with DTC's procedures. If the Trust Preferred Securities do not remain registered in the name of DTC or its nominee and only some of the outstanding Trust Preferred Securities are to be redeemed, the Trust Preferred Securities shall be redeemed proportionally or selected for redemption pursuant to the rules of any securities exchange on which the Trust Preferred Securities are listed at that time. The Grantor shall promptly notify in writing the Registrar and Transfer Agent for the Trust Preferred Securities of the Trust Preferred Securities selected for redemption. On the date of redemption of the Company Preferred Securities, so long as the Company or the Bank has deposited with the Paying Agent on behalf of the Trust the aggregate amount payable upon redemption of all the Company Preferred Securities held by the Trust to be redeemed, the Paying Agent on behalf of the Trust shall irrevocably deposit with DTC funds sufficient to pay the redemption price and give DTC irrevocable instructions to pay the redemption price to the Holders of the Trust Preferred Securities to be redeemed.

Redemptions of Company Preferred Securities. The Trust Preferred Securities shall be redeemed only upon redemption of the Company Preferred Securities. If the Grantor redeems the Company Preferred Securities in accordance with the LLC Agreement, then the Grantor shall give the Trustee at least 30 days' prior notice before doing so. The Trustee shall mail the notice of the redemption not less than 25 days prior to the date fixed for redemption (the "Redemption Date") of the Company Preferred Securities to the Holders of the Trust Preferred SecuritiesSecurities as provided under Section 8.04. No defect in the notice of redemption or in the mailing or delivery thereof or publication of its contents shall affect the validity of the redemption proceedings. The Grantor shall provide the Trustee with such notice, and each such notice shall state: (i) the Redemption Date, (ii) the redemption price at which the Trust Preferred Securities and the Company Preferred Securities are to be redeemed, (iii) that all outstanding Trust Preferred Securities are to be redeemed or, in the case of a redemption of fewer than all outstanding Trust Preferred Securities in connection with a partial redemption of the Company Preferred Securities, the amount of such Trust Preferred Securities to be so redeemed and (iv) the place or places where Trust Preferred Securities to be redeemed are to be surrendered for redemption. If only some of the outstanding Trust Preferred Securities are to be redeemed, the Trust Preferred Securities to be redeemed shall be selected in accordance with DTC's procedures. If the Trust Preferred Securities do not remain registered in the name of DTC or its nominee and only some of the outstanding Trust Preferred Securities are to be redeemed, the Trust Preferred Securities shall be redeemed proportionally or selected for redemption pursuant to the rules of any securities exchange on which the Trust Preferred Securities are listed at that time. The Grantor shall promptly notify in writing the Registrar and Transfer Agent for the Trust Preferred Securities Agent, in writing, of the Trust Preferred Securities selected for redemption. The Grantor agrees that if a partial redemption of the Company Preferred Securities would result in a delisting of the Trust Preferred Securities from any securities exchange on which the Trust Preferred Securities are then listed, the Grantor shall only redeem the Company Preferred Securities in whole. On the date of redemption of the Company Preferred Securities, so long as the Company or the Bank has deposited with Wilmington Trust Company, the Paying Agent Agent, on behalf of the Trust the aggregate amount payable upon redemption of all the Company Preferred Securities held by the Trust to be redeemed, the Paying Agent on behalf of the Trust shall irrevocably deposit with DTC funds sufficient to pay the redemption price and give DTC irrevocable instructions to pay the redemption price to the Holders of the Trust Preferred Securities to be redeemed. Once the Paying Agent has received this deposit, all rights of the Holders of the Trust Preferred Securities called for redemption shall end, except their right to receive the redemption price, without interest. If any date fixed for redemption of the Trust Preferred Securities is not a Business Day, then the redemption price shall instead be paid on the next Business Day, except that if that Business Day falls in the next calendar year, the redemption price shall be paid on the preceding Business Day. No interest or other payment shall be due as a result of any such adjustment.

Redemptions of Company Preferred Securities. The Trust Preferred Securities shall be redeemed only upon redemption of the Company Preferred Securities. If the Grantor redeems the Company Preferred Securities in accordance with the LLC Agreement, then the Grantor shall give the Trustee at least 30 days' prior notice before doing so. The Trustee shall mail the notice of the redemption not less than 25 days prior to the date fixed for redemption (the "Redemption Date") of the Company Preferred Securities to the Holders of the Trust Preferred SecuritiesSecurities as provided under Section 8.04. No defect in the notice of redemption or in the mailing or delivery thereof or publication of its contents shall affect the validity of the redemption proceedings. The Grantor shall provide the Trustee with such notice, and each such notice shall state: (i) the Redemption Date, (ii) the redemption price at which the Trust Preferred Securities and the Company Preferred Securities are to be redeemed, (iii) that all outstanding Trust Preferred Securities are to be redeemed or, in the case of a redemption of fewer than all outstanding Trust Preferred Securities in connection with a partial redemption of the Company Preferred Securities, the amount of such Trust Preferred Securities to be so redeemed and (iv) the If only some of the outstanding Trust Preferred Securities are to be redeemed, the Trust Preferred Securities to be redeemed shall be selected in accordance with DTC's procedures. If the Trust Preferred Securities do not remain registered in the name of DTC or its nominee and only some of the outstanding Trust Preferred Securities are to be redeemed, the Trust Preferred Securities shall be redeemed proportionally or selected for redemption pursuant to the rules of any securities exchange on which the Trust Preferred Securities are listed at that time. The Grantor shall promptly notify in writing the Registrar and Transfer Agent for the Trust Preferred Securities Agent, in writing, of the Trust Preferred Securities selected for redemption. The Grantor agrees that if a partial redemption of the Company Preferred Securities would result in a delisting of the Trust Preferred Securities from any securities exchange on which the Trust Preferred Securities are then listed, the Grantor shall only redeem the Company Preferred Securities in whole. On the date of redemption of the Company Preferred Securities, so long as the Company or the Bank has deposited with Wilmington Trust Company, the Paying Agent Agent, on behalf of the Trust the aggregate amount payable upon redemption of all the Company Preferred Securities held by the Trust to be redeemed, the Paying Agent on behalf of the Trust shall irrevocably deposit with DTC funds sufficient to pay the redemption price and give DTC irrevocable instructions to pay the redemption price to the Holders of the Trust Preferred Securities to be redeemed. Once the Paying Agent has received this deposit, all rights of the Holders of the Trust Preferred Securities called for redemption shall end, except their right to receive the redemption price, without interest. If any date fixed for redemption of the Trust Preferred Securities is not a Business Day, then the redemption price shall instead be paid on the next Business Day, except that if that Business Day falls in the next calendar year, the redemption price shall be paid on the preceding Business Day. No interest or other payment shall be due as a result of any such adjustment.

Redemptions of Company Preferred Securities. The Trust Preferred Securities shall be redeemed only upon redemption of the Company Preferred Securities. If the Grantor redeems the Company Preferred Securities in accordance with the LLC Agreement, then the Grantor shall give the Trustee at least 30 days' prior notice before doing so. The Trustee shall mail the a corresponding notice of the redemption not less than 25 days prior to the date fixed for redemption (the "REDEMPTION DATE") of the Company Preferred Securities to the Holders of the Trust Preferred SecuritiesSecurities as provided under Section 8.04. No defect in the notice of redemption or in the mailing or delivery thereof or publication of its contents shall affect the validity of the redemption proceedings. The Grantor shall provide the Trustee with the form of such notice, and each such notice shall state: (i) the Redemption Date, (ii) the redemption price at which the Trust Preferred Securities and the Company Preferred Securities are to be redeemed, (iii) that all outstanding Trust Preferred Securities are to be redeemed or, in the case of a redemption of fewer than all outstanding Trust Preferred Securities in connection with a partial redemption of the Company Preferred Securities, the amount of such Trust Preferred Securities to be so redeemed and (iv) the place or places where Trust Preferred Securities to be redeemed are to be surrendered for redemption. If only some of the outstanding Trust Preferred Securities are to be redeemed, the Trust Preferred Securities to be redeemed shall be selected in accordance with DTC's procedures. If the Trust Preferred Securities do not remain registered in the name of DTC or its nominee and only some of the outstanding Trust Preferred Securities are to be redeemed, the Trust Preferred Securities shall be redeemed proportionally or selected for redemption by the Trustee pursuant to the rules of any securities exchange on which the Trust Preferred Securities are listed at that timetime or by such method as the Trustee shall deem fair and appropriate. The Grantor shall promptly notify in writing the Registrar and Transfer Agent for the Trust Preferred Securities Agent, in writing, of the Trust Preferred Securities selected for redemptionpartial redemption in accordance with the foregoing provisions. The Grantor agrees that if a partial redemption of the Company Preferred Securities would result in a delisting of the Trust Preferred Securities from any securities exchange on which the Trust Preferred Securities are then listed, the Grantor shall only redeem the Company Preferred Securities in whole. On the date of redemption of the Company Preferred Securities, so long as the Company Grantor or the Bank Group has deposited with JPMorgan Chase Bank, the Paying Agent Agent, on behalf of the Trust the aggregate amount payable upon redemption of all the Company Preferred Securities held by the Trust to be redeemed, the Paying Agent on behalf of the Trust shall shall, if the Trust Preferred Securities are represented by Global Certificates, irrevocably deposit with DTC funds sufficient to pay the redemption price and give DTC irrevocable instructions to pay the redemption price to the Holders of the Trust Preferred Securities to be redeemed. Once the Paying Agent has received this deposit, all rights of the Holders of the Trust Preferred Securities called for redemption shall end, except their right to receive the redemption price, without interest; PROVIDED, HOWEVER, that upon presentation of any Trust Preferred Securities redeemed in part only, the Trustee shall execute and, if applicable, the Registrar shall countersign, and make available for delivery to or on the order of the Holder thereof, at the expense of the Trust, new Trust Preferred Securities in an amount equal to the unredeemed portion of the Trust Preferred Securities so presented. If any date fixed for redemption of the Trust Preferred Securities is not a Business Day, then the redemption price shall instead be paid on the next Business Day, except that if that Business Day falls in the next calendar year, the redemption price shall be paid on the preceding Business Day. No interest or other payment shall be due as a result of any such adjustment.

Redemptions of Company Preferred Securities. The Trust Preferred Securities shall be redeemed only upon redemption of the Company Preferred Securities. If the Grantor redeems the Company Preferred Securities in accordance with the LLC Agreement, then the Grantor shall give the Trustee at least 30 days' prior notice before doing so. The Trustee shall mail the a notice of the redemption not less than 25 days prior to the date fixed for redemption of the Company Preferred Securities to the Holders of the Trust Preferred Securities. No defect in the notice of redemption or in the mailing or delivery thereof or publication of its contents shall affect the validity of the redemption proceedings. If only some of the outstanding Trust Preferred Securities are to be redeemed, the Trust Preferred Securities to be redeemed shall be selected in accordance with DTC's procedures. If the Trust Preferred Securities do not remain registered in the name of DTC or its nominee and only some of the outstanding Trust Preferred Securities are to be redeemed, the Trust Preferred Securities shall be redeemed proportionally or selected for redemption by the Trustee pursuant to the rules of any securities exchange on which the Trust Preferred Securities are listed at that timetime or by such method as the Trustee shall deem fair and appropriate. The Grantor shall promptly notify in writing the Registrar and Transfer Agent for the Trust Preferred Securities of the Trust Preferred Securities selected for redemptionpartial redemption in accordance with the foregoing provisions. On the date of redemption of the Company Preferred Securities, so long as the Company Grantor or the Bank Group has deposited with the Paying Agent on behalf of the Trust the aggregate amount payable upon redemption of all the Company Preferred Securities held by the Trust to be redeemed, the Paying Agent on behalf of the Trust shall shall, if the Trust Preferred Securities are represented by Global Certificates, irrevocably deposit with DTC funds sufficient to pay the redemption price and give DTC irrevocable instructions to pay the redemption price to the Holders of the Trust Preferred Securities to be redeemed.

Redemptions of Company Preferred Securities. The Trust Preferred Securities shall be redeemed only upon redemption of the Company Preferred Securities. If the Grantor redeems the Company Preferred Securities in accordance with the LLC Agreement, then the Grantor shall give the Trustee at least 30 days' prior notice before doing so. The Trustee shall mail the notice of the redemption not less than 25 days prior to the date fixed for redemption (the "Redemption Date") of the Company Preferred Securities to the Holders of the Trust Preferred SecuritiesSecurities as provided under Section 8.04. No defect in the notice of redemption or in the mailing or delivery thereof or publication of its contents shall affect the validity of the redemption proceedings. The Grantor shall provide the Trustee with such notice, and each such notice shall state: (i) the Redemption Date, (ii) the redemption price at which the Trust Preferred Securities and the Company Preferred Securities are to be redeemed, (iii) that all outstanding Trust Preferred Securities are to be redeemed or, in the case of a redemption of fewer than all outstanding Trust Preferred Securities in connection with a partial redemption of the Company Preferred Securities, the amount of such Trust Preferred Securities to be so redeemed and (iv) the place or places where Trust Preferred Securities to be redeemed are to be surrendered for redemption. If only some of the outstanding Trust Preferred Securities are to be redeemed, the Trust Preferred Securities to be redeemed shall be selected in accordance with DTC's procedures. If the Trust Preferred Securities do not remain registered in the name of DTC or its nominee and only some of the outstanding Trust Preferred Securities are to be redeemed, the Trust Preferred Securities shall be redeemed proportionally or selected for redemption pursuant to the rules of any securities exchange on which the Trust Preferred Securities are listed at that time. The Grantor shall promptly notify in writing the Registrar and Transfer Agent agent for the Trust Preferred Securities Securities, in writing, of the Trust Preferred Securities selected for redemption. The Grantor agrees that if a partial redemption of the Company Preferred Securities would result in a delisting of the Trust Preferred Securities from any securities exchange on which the Trust Preferred Securities are then listed, the Grantor shall only redeem the Company Preferred Securities in whole. On the date of redemption of the Company Preferred Securities, so long as the Company or the Bank has deposited with Wilmington Trust Company, the Paying Agent Agent, on behalf of the Trust the aggregate amount payable upon redemption of all the Company Preferred Securities held by the Trust to be redeemed, the Paying Agent on behalf of the Trust shall irrevocably deposit with DTC funds sufficient to pay the redemption price and give DTC irrevocable instructions to pay the redemption price to the Holders of the Trust Preferred Securities to be redeemed. Once the Paying Agent has received this deposit, all rights of the Holders of the Trust Preferred Securities called for redemption shall end, except their right to receive the redemption price, without interest. If any date fixed for redemption of the Trust Preferred Securities is not a Business Day, then the redemption price shall instead be paid on the next Business Day, except that if that Business Day falls in the next calendar year, the redemption price shall be paid on the preceding Business Day. No interest or other payment shall be due as a result of any such adjustment.

Redemptions of Company Preferred Securities. The Trust Preferred Securities shall be redeemed only upon redemption of the Company Preferred Securities. If the Grantor redeems the Company Preferred Securities in accordance with the LLC Agreement, then the Grantor shall give the Trustee at least 30 days' prior notice before doing so. The Trustee shall mail the notice of the redemption not less than 25 days prior to the date fixed for redemption of the Company Preferred Securities to the Holders of the Trust Preferred Securities. No defect in the notice of redemption or in the mailing or delivery thereof or publication of its contents shall affect the validity of the redemption proceedings. If only some of the outstanding Trust Preferred Securities are to be redeemed, the Trust Preferred Securities to be redeemed shall be selected in accordance with DTC's procedures. If the Trust Preferred Securities do not remain registered in the name of DTC or its nominee and only some of the outstanding Trust Preferred Securities are to be redeemed, the Trust Preferred Securities shall be redeemed proportionally or selected for redemption pursuant to the rules of any securities exchange on which the Trust Preferred Securities are listed at that time. The Grantor shall promptly notify in writing the Registrar and Transfer Agent for the Trust Preferred Securities of the Trust Preferred Securities selected for redemption. On the date of redemption of the Company Preferred Securities, so long as the Company or the Bank has deposited with the Paying Agent on behalf of the Trust the aggregate amount payable upon redemption of all the Company Preferred Securities held by the Trust to be redeemed, the Paying Agent on behalf of the Trust shall irrevocably deposit with DTC funds sufficient to pay the redemption price and give DTC irrevocable instructions to pay the redemption price to the Holders of the Trust Preferred Securities to be redeemed.