Registration, Transfer and Exchange of Trust Preferred Securities. (a) The Trustee shall cause a Register (the "Register") to be kept at the office of the Registrar in which, subject to such reasonable regulations as the Trustee and the Registrar may prescribe, the Trustee shall provide for the registration of Trust Preferred Securities and of transfers and exchanges of Trust Preferred Securities as herein provided. In the absence of appointing a third party, the Trustee shall serve as the Registrar. The Grantor may remove the Registrar and, upon removal or resignation of the Registrar, appoint a successor Registrar. Subject to the terms and conditions of this Trust Agreement, the Registrar shall register the transfers on the Register from time to time of Trust Preferred Securities upon any surrender thereof by the Holder in person or by a duly authorized attorney, properly endorsed or accompanied by a properly executed instrument of transfer or endorsement, together with evidence of the payment of any transfer taxes as may be required by law. Upon such surrender, the Trustee shall execute a new Trust Preferred Security representing the same corresponding amount of Company Preferred Securities in accordance with Section 4.01(e) and deliver the same to or upon the order of the Person entitled thereto.
Appears in 9 contracts
Samples: Trust Agreement (Ubs Preferred Funding Trust Iv), Trust Agreement (Ubs Preferred Funding Trust Iii), Trust Agreement (Ubs Preferred Funding Trust Iv)
