Common use of Redeposit of Preferred Securities Clause in Contracts

Redeposit of Preferred Securities. Subject to the terms and conditions of this Trust Agreement, any holder of Preferred Securities may redeposit withdrawn Preferred Securities under this Trust Agreement by delivery to the Trustee of a certificate or certificates for the Preferred Securities to be deposited, properly endorsed or accompanied, if required by the Trustee, by a properly executed instrument of transfer or endorsement in form satisfactory to the Trustee and in compliance with the terms of the Partnership Agreement, together with all such certifications as may be required by the Trustee in its sole discretion and in accordance with the provisions of this Trust Agreement. Within a reasonable period after such deposit is properly made, the Trustee shall instruct DTC to increase the number of Capital Securities represented by the global certificate held by DTC by an amount equal to the Preferred Securities to be deposited. The Capital Securities will not be issued in certificated form. The Trustee will only accept the deposit of such Preferred Securities upon payment by such holder of Preferred Securities to the Trustee of all taxes and other governmental charges and any fees payable in connection with such deposit and the transfer of the deposited Preferred Securities. If required by the Trustee, Preferred Securities presented for deposit at any time shall also be accompanied by an agreement or assignment, or other instrument satisfactory to the Trustee, that will provide for the prompt transfer to the Trustee or its nominee of any distribution or other right that any Person in whose name the Preferred Securities are registered may thereafter receive upon or in respect of such deposited Preferred Securities, or in lieu thereof such agreement of indemnity or other agreement as shall be satisfactory to the Trustee.

Redeposit of Preferred Securities. Subject to the terms and conditions of this Trust Agreement, any holder of Preferred Securities may redeposit withdrawn Preferred Securities under this Trust Agreement by delivery to the Trustee Partnership of a certificate or certificates for the Preferred Securities to be deposited, properly endorsed or accompanied, if required by the TrusteePartnership, by a properly executed instrument of transfer or endorsement in form satisfactory to the Trustee Partnership and in compliance with the terms of the Partnership Agreement, together with all such certifications as may be required by the Trustee Partnership in its sole discretion and in accordance with the provisions of this Trust the Partnership Agreement. Within a reasonable period after such deposit is properly made, the Trustee Partnership shall issue the redeposited Preferred Securities to the Property Trustee, and the Regular Trustees shall instruct DTC the Property Trustee by written order to increase the number of Capital Trust Securities represented by the global certificate held by DTC the Property Trustee by an amount equal to the Preferred Securities to be deposited. The Capital Trust Securities that represent such redeposited Preferred Securities will not be issued in certificated formform (other than as part of the global certificate). The Trustee Partnership will only accept the deposit of such Preferred Securities only upon payment by such holder of Preferred Securities to the Trustee Partnership of all taxes and other governmental charges and any fees payable in connection with such deposit and the transfer of the deposited Preferred Securities. If required by the TrusteePartnership, Preferred Securities presented for deposit at any time shall also be accompanied by an agreement or assignment, or other instrument satisfactory to the TrusteePartnership, that will provide for the prompt transfer to the Property Trustee or its nominee of any distribution or other right that any Person in whose name the Preferred Securities are registered may thereafter receive upon or in respect of such deposited Preferred Securities, or in lieu thereof such agreement of indemnity or other agreement as shall be satisfactory to the Property Trustee.

Redeposit of Preferred Securities. Subject to the terms and conditions of this Trust Agreement, any holder of Preferred Securities may redeposit withdrawn Preferred Securities under this Trust Agreement by delivery to the Trustee Partnership of a certificate or certificates for the Preferred Securities to be deposited, properly endorsed or accompanied, if required by the TrusteePartnership, by a properly executed instrument of transfer or endorsement in form satisfactory to the Trustee Partnership and in compliance with the terms of the Partnership Agreement, together with all such certifications as may be required by the Trustee Partnership in its sole discretion and in accordance with the provisions of this Trust the Partnership Agreement. Within a reasonable period after such deposit is properly made, the Trustee Partnership shall issue the redeposited Preferred Securities to the Property Trustee, and the Regular Trustees shall instruct DTC the Property Trustee by written order to increase the number of Capital Trust Securities represented by the global certificate held by DTC the Property Trustee by an amount equal to the Preferred Securities to be deposited. The Capital Trust Securities that represent such redeposited Preferred Securities will not be issued in certificated form. The Trustee Partnership will only accept the deposit of such Preferred Securities only upon payment by such holder of Preferred Securities to the Trustee Partnership of all taxes and other governmental charges and any fees payable in connection with such deposit and the transfer of the deposited Preferred Securities. If required by the TrusteePartnership, Preferred Securities presented for deposit at any time shall also be accompanied by an agreement or assignment, or other instrument satisfactory to the TrusteePartnership, that will provide for the prompt transfer to the Property Trustee or its nominee of any distribution or other right that any Person in whose name the Preferred Securities are registered may thereafter receive upon or in respect of such deposited Preferred Securities, or in lieu thereof such agreement of indemnity or other agreement as shall be satisfactory to the Property Trustee.

Redeposit of Preferred Securities. Subject to the terms and conditions of this Trust Agreement, any holder of Preferred Securities may redeposit withdrawn Preferred Securities under this Trust Agreement by delivery to the Trustee of a certificate or certificates for the Preferred Securities to be deposited, properly endorsed or accompanied, if required by the Trustee, by a properly executed instrument of transfer or endorsement in form satisfactory to the Trustee and in compliance with the terms of the Partnership Agreement, together with all such certifications as may be required by the Trustee in its sole discretion and in accordance with the provisions of this Trust Agreement. Within a reasonable period after such deposit is properly made, the Trustee shall instruct DTC to increase the number of Capital Securities Receipts represented by the global certificate held by DTC by an amount equal to the Preferred Securities to be deposited. The Capital Securities Preferred Trust Receipts will not be issued in certificated form. The Trustee will only accept the deposit of such Preferred Securities upon payment by such holder of Preferred Securities to the Trustee of all taxes and other governmental charges and any fees payable in connection with such deposit and the transfer of the deposited Preferred Securities. If required by the Trustee, Preferred Securities presented for deposit at any time shall also be accompanied by an agreement or assignment, or other instrument satisfactory to the Trustee, that will provide for the prompt transfer to the Trustee or its nominee of any distribution or other right that any Person in whose name the Preferred Securities are registered may thereafter receive upon or in respect of such deposited Preferred Securities, or in lieu thereof such agreement of indemnity or other agreement as shall be satisfactory to the Trustee.