Common use of Rights and Responsibilities of the Sponsor Clause in Contracts

Rights and Responsibilities of the Sponsor. In connection with the issue and sale of the Trust Preferred Securities and so long as the Securities are outstanding, the Sponsor shall have the right and responsibility (which shall be exclusive except as otherwise set forth herein) to engage in the following activities: (a) determine the Terms and Conditions; (b) prepare, execute and file on behalf of the Trust with the Commission a registration statement on Form S-3 and any prospectus or prospectus supplement relating to such registration statement in relation to the Trust Preferred Securities, including any amendments thereto; (c) if deemed necessary or advisable by the Sponsor, determine the States in which to take appropriate action to qualify or register for sale all or part of the Trust Preferred Securities and to do any and all such acts on behalf of the Trust, and prepare, execute and file any documents on behalf of the Trust as the Sponsor deems necessary or advisable in order to comply with the applicable laws of any such States; (d) if deemed necessary or advisable by the Sponsor, prepare, execute and file on behalf of the Trust an application to the New York Stock Exchange or any other national stock exchange or the Nasdaq National Market for listing upon notice of issuance of any Trust Preferred Securities; (e) if necessary, prepare, execute and file on behalf of the Trust with the Commission, a registration statement on Form 8-A relating to the registration of the Trust Preferred Securities under Section 12(b) or 12(g) of the Exchange Act, including any amendments thereto; and (f) negotiate the Underwriting Agreement and any other instrument or agreement which, in the opinion of the Sponsor, the Trust should be a party to, bound by or a beneficiary of, including any remarketing, auction or exchange agreement.

Appears in 6 contracts

Samples: Trust Agreement (Detroit Edison Trust I), Trust Agreement (Dte Energy Co), Trust Agreement (Apache Trust Ii)

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Rights and Responsibilities of the Sponsor. In connection with the issue and issue, sale and, if necessary, the remarketing of the Trust Preferred Securities and so long as the Securities are outstandingSecurities, the Sponsor shall have the exclusive right and responsibility (which shall be exclusive except as otherwise set forth herein) to engage in the following activities: (a) determine the Terms and Conditions; (b) prepare, execute and file on behalf of to prepare for filing by the Trust with the Commission a registration statement on Form S-3 and any prospectus or prospectus supplement relating to such registration statement in relation to the Trust Preferred Securities, including any amendments thereto; (cb) if deemed necessary or advisable by the Sponsornecessary, to determine the States in which to take appropriate action to qualify or register for sale all or part of the Trust Preferred Securities FELINE PRIDES and to do any and all such acts on behalf of acts, other than actions which must be taken by the Trust, and prepareadvise the Trust of actions it must take, execute and file prepare for execution and filing any documents on behalf of to be executed and filed by the Trust Trust, as the Sponsor deems necessary or advisable in order to comply with the applicable laws of any such States; (dc) if deemed necessary or advisable necessary, to prepare for filing by the Sponsor, prepare, execute and file on behalf Trust of the Trust an application to the New York Stock Exchange or any other national stock exchange or the Nasdaq National Market for listing upon notice of issuance of any Trust Preferred Securities; (ed) if necessary, prepare, execute and file on behalf of to prepare for filing by the Trust with the Commission, Commission of a registration statement on Form 8-A relating to the registration of the Trust Preferred Securities under Section 12(b) or 12(g) of the Exchange Act, including any amendments thereto; and (fe) to negotiate the Underwriting terms of the Remarketing Agreement, the Remarketing Purchase Agreement, the Purchase Agreement and any other instrument or agreement which, in the opinion Pricing Agreement providing for the sale of the Sponsor, the Trust should be a party to, bound by or a beneficiary of, including any remarketing, auction or exchange agreementFELINE PRIDES.

Appears in 1 contract

Samples: Trust Agreement (Kennametal Financing I)

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Rights and Responsibilities of the Sponsor. In connection with the issue and sale of the Trust Preferred Securities and so long as the Securities are outstanding, the Sponsor shall have the right right, authority and responsibility (which shall be exclusive except as otherwise set forth herein) to engage in the following activities: (a) determine the Terms and Conditions; (b) prepare, execute and file on behalf of the Trust with the Commission a registration statement on Form S-3 and any prospectus or prospectus supplement relating to such registration statement in relation to the Trust Preferred Securities, including any amendments thereto; (c) if deemed necessary or advisable by the Sponsor, determine the States in which to take appropriate action to qualify or register for sale all or part of the Trust Preferred Securities and to do any and all such acts on behalf of the Trust, and prepare, execute and file any documents on behalf of the Trust as the Sponsor deems necessary or advisable in order to comply with the applicable laws of any such States; (d) if deemed necessary or advisable by the Sponsor, prepare, execute and file on behalf of the Trust an application to the New York Stock Exchange or any other national stock exchange or the Nasdaq National Market for listing upon notice of issuance of any Trust Preferred Securities; (e) if necessary, prepare, execute and file on behalf of the Trust with the Commission, a registration statement on Form 8-A relating to the registration of the Trust Preferred Securities under Section 12(b) or 12(g) of the Exchange Act, including any amendments thereto; and (f) negotiate and execute the Underwriting Agreement and the Pricing Agreement, and negotiate any other instrument or agreement which, in the opinion of the Sponsor, the Trust should be a party to, bound by or a beneficiary of, including any remarketing, auction or exchange agreement.

Appears in 1 contract

Samples: Trust Agreement (Dte Energy Co)

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