Common use of Rights and Obligations Evidenced by the Certificates Clause in Contracts

Rights and Obligations Evidenced by the Certificates. Each Certificate shall evidence the number of Securities specified therein, with each such Security representing the ownership by the Holder thereof of a beneficial interest in a Preferred Security (or a Debenture upon a dissolution and liquidation of the Trust) and a Warrant and entitled to the benefits of the Trust Agreement, the Indenture, the Warrant Agreement and all agreements ancillary thereto.

Appears in 2 contracts

Samples: Unit Agreement (Indymac Bancorp Inc), Unit Agreement (Indymac Bancorp Inc)

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Rights and Obligations Evidenced by the Certificates. Each Certificate shall evidence the number of Securities specified therein, with each such Security representing the ownership by the Holder thereof of a beneficial interest in a Preferred Security (or a Debenture upon a dissolution and liquidation of the Trust) and a Warrant and entitled to the benefits of the Trust AgreementDeclaration, the Indenture, the Warrant Agreement and all agreements ancillary thereto.

Appears in 2 contracts

Samples: Unit Agreement (Keyspan Trust Iii), Unit Agreement (Keyspan Trust I)

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