Common use of Responsibilities of the Sponsor Clause in Contracts

Responsibilities of the Sponsor. In connection with the issuance and sale of the Preferred Securities, the Sponsor shall have the exclusive right and responsibility to engage in the following activities: (a) to prepare for filing by the Administrative Trustee on behalf of Trust with the Commission a registration statement on Form S-3 in relation to the Preferred Securities, including any amendments thereto; (b) to determine the States in which to take appropriate action to qualify or register for sale of all or part of the Preferred Securities or the Common Securities and to do any and all such acts, other than actions which must be taken by the Trust, and advise the Trust of actions it must take, and prepare for execution and filing any documents to be executed and filed by the Trust, as the Sponsor deems necessary or advisable in order to comply with the applicable laws of any such States; (c) to prepare for filing by the Trust an application to PORTAL for listing upon notice of issuance of any Preferred Securities; (d) negotiate the terms of the Purchase Agreement providing for the sale of the Preferred Securities.

Responsibilities of the Sponsor. In connection with the issuance and sale issue of the Trust Preferred Securities, the Sponsor shall have the exclusive right and responsibility to engage in the following activities:, if and as applicable (and subject, as applicable, to the terms and conditions of the Purchase Agreement): (a) to prepare for filing by the Administrative Trustee on behalf of Trust with the Commission a registration statement on Form S-3 in relation to or on another appropriate form, or a registration statement under Rule 462(b) of the Preferred SecuritiesSecurities Act, including any pre-effective or post-effective amendments thereto, relating to the registration under the Securities Act of the Trust Preferred Securities; (b) to determine the States in which to take appropriate action to qualify or register for sale of all or part of the Trust Preferred Securities or the Common Securities and to do any and all such acts, other than actions which must be taken by the Trust, and advise the Trust of actions it must take, and prepare for execution and filing any documents to be executed and filed by the Trust, as the Sponsor deems necessary or advisable in order to comply with the applicable laws of any such States; (c) to prepare for filing by the Trust an application to PORTAL the New York Stock Exchange or any other national stock exchange for listing upon notice of issuance of any Trust Preferred Securities; (d) negotiate the terms of the Purchase Agreement providing for the sale of the Preferred Securities.

Responsibilities of the Sponsor. In connection with the issuance issue and sale of the Preferred Capital Securities, the Sponsor shall have the exclusive right and responsibility to engage in the following activities: (a) to prepare the Offering Memorandum and to prepare for filing by the Administrative Trustee on behalf of Trust with the Commission a registration statement on Form S-3 in relation to the Preferred Securitiesany Registration Statement, including any amendments thereto, as contemplated by the Registration Rights Agreement; (b) to determine the States in which to take appropriate action to qualify or register for sale of all or part of the Preferred Securities or the Common Capital Securities and to do any and all such acts, other than actions which must be taken by the Trust, and advise the Trust of actions it must take, and prepare for execution and filing any documents to be executed and filed by the Trust, as the Sponsor deems necessary or advisable in order to comply with the applicable laws of any such States; (c) if deemed necessary or advisable by the Sponsor, to prepare for filing by the Trust an application to permit the Capital Securities to trade or be quoted or listed in or on the PORTAL for listing upon notice of issuance of market, or any Preferred Securitiesother securities exchange, quotation system or the Nasdaq Stock Market's National Market; (d) negotiate the terms of the Purchase Agreement providing for the sale of the Preferred Securities.

Responsibilities of the Sponsor. In connection with the issuance and sale of the Preferred Capital Securities, the Sponsor shall have the exclusive right and responsibility to engage in the following activities: (a) to prepare for filing by the Administrative Trustee on behalf of Trust with the Commission a registration statement on Form S-3 in relation to the Preferred Capital Securities, including any amendments thereto; (b) to determine the States in which to take appropriate action to qualify or register for sale of all or part of the Preferred Capital Securities or the Common Securities and to do any and all such acts, other than actions which must be taken by the Trust, and advise the Trust of actions it must take, and prepare for execution and filing any documents to be executed and filed by the Trust, as the Sponsor deems necessary or advisable in order to comply with the applicable laws of any such States; (c) to prepare for filing by the Trust an application to PORTAL for listing upon notice of issuance of any Preferred Capital Securities; (d) to negotiate the terms of the Purchase Agreement providing for the sale of the Preferred Capital Securities.