Registrar and Transfer Agent. Wilmington Trust Company, or another entity that the Bank may designate from time to time, will act as registrar and transfer agent for the Company Preferred Securities. Registration of transfers of Company Preferred Securities will be effected without charge by or on behalf of the Company, but upon payment of any tax or other governmental charges that may be imposed in connection with any transfer or exchange. The Company will not be required to register or cause to be registered the transfer of Company Preferred Securities after such Company Preferred Securities have been called for redemption. In the event of a partial redemption of the Company Preferred Securities that would result in a delisting of the Trust Preferred Securities from any securities exchange on which the Trust Preferred Securities are then listed, the Company will redeem the Company Preferred Securities in whole.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Ubs Preferred Funding Trust Iv), Limited Liability Company Agreement (UBS Preferred Funding Trust VIII), Limited Liability Company Agreement (Ubs Preferred Funding Trust Iii)
Registrar and Transfer Agent. Wilmington Trust Company[--], or another entity that the Bank may designate from time to time, will act as registrar and transfer agent for the Company Preferred Securities. Registration of transfers of Company Preferred Securities will be effected without charge by or on behalf of the Company, but upon payment of any tax or other governmental charges that may be imposed in connection with any transfer or exchange. The Company will not be required to register or cause to be registered the transfer of Company Preferred Securities after such Company Preferred Securities have been called for redemption. 42 In the event of a partial redemption of the Company Preferred Securities that would result in a delisting of the Trust Preferred Securities from any securities exchange on which the Trust Preferred Securities are then listed, the Company will redeem the Company Preferred Securities in whole.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ubs Preferred Funding Co LLC I)
