Subordination of Common Securities. (a) If on any Distribution Date the Paying Agent lacks funds available from payments of interest, dividends or Contract Payments (as applicable) to make full Distributions then due on all of the outstanding Trust Securities in accordance with Section 4.1 (other than because of the Depositor’s proper exercise of its right to defer payment of Contract Payments or interest on the Notes), then:
Appears in 10 contracts
Samples: Trust Agreement (National City Corp), Trust Agreement (Wells Fargo Capital XVIII), Trust Agreement (Wells Fargo & Co/Mn)
Subordination of Common Securities. (a) If on any Distribution Date the Paying Agent lacks funds available from payments of interest, dividends or Contract Payments (as applicable) to make full Distributions then due on all of the outstanding Trust Securities in accordance with Section 4.1 (other than because of the Depositor’s proper exercise of its right to (i) defer payment of Contract Payments Payments, resulting in Deferred Contract Payment Amounts, or (ii) defer payment of interest on the Notes, resulting in Deferred Note Interest Amounts), then:
Appears in 2 contracts
Samples: Amended and Restated Trust Agreement (USB Capital IX), Trust Agreement (Wachovia Capital Trust Iii)
Subordination of Common Securities. (a) If on any Distribution Date the Paying Agent lacks funds available from payments of interest, dividends or Contract Payments (as applicable) to make full Distributions then due on all of the outstanding Trust Securities in accordance with Section 4.1 (other than because of the Depositor’s proper exercise of its right to (i) defer payment of Contract Payments Payments, resulting in Trust Agreement Deferred Contract Payment Amounts, or (ii) defer payment of interest on the Notes, resulting in Deferred Note Interest Amounts), then:
Appears in 1 contract
Samples: Trust Agreement (Us Bancorp \De\)
Subordination of Common Securities. (a) If on any Distribution Date the Paying Agent lacks funds available from payments of interest, dividends or Contract Payments (as applicable) to make full Distributions then due on all of the outstanding Trust Securities in accordance with Section 4.1 (other than because of the Depositor’s proper exercise of its right to defer payment of Contract Payments or interest on the NotesJunior Subordinated Debentures), then:
Appears in 1 contract
Samples: Trust Agreement (State Street Corp)
