Common use of Supplemental Trust Agreement Clause in Contracts

Supplemental Trust Agreement. The Grantor and the Trustee may, at any time and from time to time, without the consent of the Holders of the Trust Preferred Securities, enter into one or more agreements supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: (a) to evidence the succession of another partnership, corporation or other entity to the Grantor and the assumption by any such successor of the covenants of the Grantor herein contained; or (b) to add to the covenants of the Grantor for the benefit of the Holders of the Trust Preferred Securities, or to surrender any right or power herein conferred upon the Grantor; or (i) to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein or (ii) to make any other provisions with respect to matters or questions arising under this Trust Agreement, provided that any such action taken under subsection (c)(ii) hereof shall not materially adversely affect the interests of the Holders of the Trust Preferred Securities; or (d) to cure any ambiguity or correct any mistake. Any other amendment or agreement supplemental hereto must be in writing and approved by Holders of 66 2/3% of the then outstanding Trust Preferred Securities.

Appears in 10 contracts

Samples: Trust Agreement (Ubs Preferred Funding Trust Iii), Trust Agreement (Ubs Preferred Funding Trust Iv), Trust Agreement (UBS Preferred Funding Trust VIII)

AutoNDA by SimpleDocs

Supplemental Trust Agreement. The Grantor and the Trustee may, at any time and from time to time, without the consent of the Holders of the Trust Preferred Securities, enter into one or more agreements supplemental heretoto the Trust Agreement, in form satisfactory to the Trustee, for any of the following purposes: : (a) to evidence the succession of another partnership, corporation or other entity to the Grantor and the assumption by any such successor of the covenants of the Grantor herein containedcontained therein; or (b) to add to the covenants of the Grantor for the benefit of the Holders of the Trust Preferred Securities, or to surrender any right or power herein conferred upon the Grantor; or(c) (i) to correct or supplement any provision herein therein which may be defective or inconsistent with any other provision herein therein or (ii) to make any other provisions with respect to matters or questions arising under this the Trust Agreement, provided that any such action taken under subsection (c)(iiii) hereof shall not materially adversely affect the interests of the Holders of the Trust Preferred Securities; or or (d) to cure any ambiguity or correct any mistake. Any other amendment or agreement supplemental hereto must be in writing and approved by Holders of 66 2/3% of the then outstanding Trust Preferred Securities.

Appears in 3 contracts

Samples: Trust Agreement (Ubs Preferred Funding Co LLC I), Trust Agreement (Ubs Preferred Funding Trust Iii), Trust Agreement (Ubs Preferred Funding Trust Iii)

Supplemental Trust Agreement. The Grantor or the General Partner may, and the Trustee mayshall, at any time and from time to time, without the consent of the Holders of the Trust Preferred SecuritiesHolders, enter into one or more agreements supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: (a) to evidence the succession of another partnership, corporation or other entity to the Grantor or the General Partner and the assumption by any such successor of the covenants of the Grantor or the General Partner herein contained; or (b) to add to the covenants of the Grantor or the General Partner for the benefit of the Holders of the Trust Preferred SecuritiesHolders, or to surrender any right or power herein conferred upon the GrantorGrantor or the General Partner; or (i) to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein or (ii) to make any other provisions with respect to matters or questions arising under this Trust Agreement, provided that any such action taken under subsection (c)(ii) hereof shall not materially adversely affect the interests of the Holders of the Trust Preferred SecuritiesHolders; or (d) to cure any ambiguity or correct any mistake. Any other amendment or agreement supplemental hereto must be in writing and approved by Holders of 66 66-2/3% of the then outstanding Trust Preferred SecuritiesReceipts.

Appears in 3 contracts

Samples: Trust Agreement (Peco Energy Co), Trust Agreement (Peco Energy Co), Trust Agreement (Peco Energy Capital Trust Ii)

Supplemental Trust Agreement. The Grantor or the General Partner may, and the Property Trustee mayshall, at any time and from time to time, without the consent of the Holders of the Trust Preferred SecuritiesHolders, enter into one or more agreements supplemental hereto, in form satisfactory to the Property Trustee, for any of the following purposes: : (a) to evidence the succession of another partnership, corporation or other entity Person to the Grantor or the General Partner and the assumption by any such successor of the covenants of the Grantor or the General Partner herein contained; or (b) to add to the covenants of the Grantor or the General Partner for the benefit of the Holders of the Trust Preferred SecuritiesHolders, or to surrender any right or power herein conferred upon the GrantorGrantor or the General Partner; or(c) (i) to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein or (ii) to make any other provisions with respect to matters or questions arising under this Trust Agreement, provided that any such action taken under subsection (c)(iiii) hereof shall not materially adversely affect the interests of the Holders of the Trust Preferred SecuritiesHolders; or or (d) to cure any ambiguity or correct any mistake. Any other amendment or agreement supplemental hereto must be in writing and approved by Holders of 66 2/3% the percentage of the then outstanding Trust Preferred SecuritiesSecurities required by the Trust Agreement.

Appears in 2 contracts

Samples: Trust Agreement (Penelec Capital Trust), Trust Agreement (Met Ed Capital Trust)

Supplemental Trust Agreement. The Grantor or the General Partner may, and the Trustee mayshall, at any time and from time to time, without the consent of the Holders of the Trust Preferred SecuritiesHolders, enter into one or more agreements supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: : (a) to evidence the succession of another partnership, corporation or other entity to the Grantor or the General Partner and the assumption by any such successor of the covenants of the Grantor or the General Partner herein contained; or or (b) to add to the covenants of the Grantor or the General Partner for the benefit of the Holders of the Trust Preferred SecuritiesHolders, or to surrender any right or power herein conferred upon the GrantorGrantor or the General Partner; oror (c) (i) to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein or (ii) to make any other provisions with respect to matters or questions arising under this Trust Agreement, provided that any such action taken under subsection (c)(iiii) hereof shall not materially adversely affect the interests of the Holders of the Trust Preferred SecuritiesHolders; or or (d) to cure any ambiguity or correct any mistake. Any other amendment or agreement supplemental hereto must be in writing and approved by Holders of 66 66-2/3% of the then then-outstanding Trust Preferred SecuritiesReceipts.

Appears in 2 contracts

Samples: Trust Agreement (Peco Energy Capital Trust I), Trust Agreement (Peco Energy Co)

Supplemental Trust Agreement. The Grantor or the General Partner may, and the Trustee mayshall, at any time and from time to time, without the consent of the Holders of the Trust Preferred SecuritiesHolders, enter into one or more agreements supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: (a) to evidence the succession of another partnership, corporation or other entity to the Grantor or the General Partner and the assumption by any such successor of the covenants of the Grantor or the General Partner herein contained; or (b) to add to the covenants of the Grantor or the General Partner for the benefit of the Holders of the Trust Preferred SecuritiesHolders, or to surrender any right or power herein conferred upon the GrantorGrantor or the General Partner; or (i) to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein or (ii) to make any other provisions with respect to matters or questions arising under this Trust Agreement, provided that any such action taken under subsection (c)(ii) hereof shall not materially adversely affect the interests of the Holders of the Trust Preferred SecuritiesHolders; or (d) to cure any ambiguity or correct any mistake. Any other amendment or agreement supplemental hereto must be in writing and approved by Holders of 66 66-2/3% of the then then-outstanding Trust Preferred SecuritiesReceipts.

Appears in 1 contract

Samples: Trust Agreement (Peco Energy Co)

Supplemental Trust Agreement. The Grantor or the General Partner may, and the Trustee mayshall, at any time and from time to time, without the consent of the Holders of the Trust Preferred SecuritiesHolders, enter into one or more agreements supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: : (a) to evidence the succession of another partnership, corporation or other entity to the Grantor or the General Partner and the assumption by any such successor of the covenants of the Grantor or the General Partner herein contained; or (b) to add to the covenants of the Grantor or the General Partner for the benefit of the Holders of the Trust Preferred SecuritiesHolders, or to surrender any right or power herein conferred upon the GrantorGrantor or the General Partner; or(c) (i) to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein or (ii) to make any other provisions with respect to matters or questions arising under this Trust Agreement, provided that any such action taken under subsection (c)(iiii) hereof shall not materially adversely affect the interests of the Holders of the Trust Preferred SecuritiesHolders; or or (d) to cure any ambiguity or correct any mistake. Any other amendment or agreement supplemental hereto must be in writing and approved by Holders of 66 66-2/3% of the then outstanding Trust Preferred Capital Securities.

Appears in 1 contract

Samples: Trust Agreement (Peco Energy Co)

AutoNDA by SimpleDocs

Supplemental Trust Agreement. The Grantor or the General Partner may, and the Trustee mayshall, at any time and from time to time, without the consent of the Holders of the Trust Preferred SecuritiesHolders, enter into one or more agreements supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: : (a) to evidence the succession of another partnership, corporation or other entity to the Grantor or the General Partner and the assumption by any such successor of the covenants of the Grantor or the General Partner herein contained; or or (b) to add to the covenants of the Grantor or the General Partner for the benefit of the Holders of the Trust Preferred SecuritiesHolders, or to surrender any right or power herein conferred upon the GrantorGrantor or the General Partner; or or (ic)(i) to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein or (ii) to make any other provisions with respect to matters or questions arising under this Trust Agreement, provided that any such action taken under subsection (c)(iiii) hereof shall not materially adversely affect the interests of the Holders of the Trust Preferred SecuritiesHolders; or or (d) to cure any ambiguity or correct any mistake. Any other amendment or agreement supplemental hereto must be in writing and approved by Holders of 66 66-2/3% of the then outstanding Trust Preferred SecuritiesReceipts.

Appears in 1 contract

Samples: Trust Agreement (Peco Energy Capital Trust Ii)

Supplemental Trust Agreement. The Grantor and the Trustee may, at any time and from time to time, without the consent of the Holders of the Trust Preferred Securities, enter into one or more agreements supplemental heretoto the Trust Agreement, in form satisfactory to the Trustee, for any of the following purposes: : (a) to evidence the succession of another partnership, corporation or other entity to the Grantor and the assumption by any such successor of the covenants of the Grantor herein containedcontained therein; or (b) to add to the covenants of the Grantor for the benefit of the Holders of the Trust Preferred Securities, or to surrender any right or power herein therein conferred upon the Grantor; or(c) (i) to correct or supplement any provision herein therein which may be defective or inconsistent with any other provision herein therein or (ii) to make any other provisions with respect to matters or questions arising under this the Trust Agreement, provided PROVIDED that any such action taken under subsection (c)(ii) hereof shall not materially adversely affect the interests of the Holders of the Trust Preferred Securities; or or (d) to cure any ambiguity or correct any mistake. Any other amendment or agreement supplemental hereto thereto must be in writing and approved by Holders of 66 2/3% in liquidation amount of the then outstanding Trust Preferred Securities.

Appears in 1 contract

Samples: Trust Agreement (Credit Suisse Group)

Supplemental Trust Agreement. The Grantor or the General Partner, and the Trustee may, at any time and from time to time, without the consent of the Holders of the Trust Preferred SecuritiesHolders, enter into one or more agreements supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: (a) to evidence the succession of another partnership, corporation or other entity to the Grantor or the General Partner and the assumption by any such successor of the covenants of the Grantor or the General Partner herein contained; or (b) to add to the covenants of the Grantor or the General Partner for the benefit of the Holders of the Trust Preferred SecuritiesHolders, or to surrender any right or power herein conferred upon the GrantorGrantor or the General Partner; or (i) to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein or (ii) to make any other provisions with respect to matters or questions arising under this Trust Agreement, provided that any such action taken under subsection subsection (c)(iiii) hereof shall not materially adversely affect the interests of the Holders of the Trust Preferred SecuritiesHolders; or (d) to cure any ambiguity or correct any mistake. Any other amendment or agreement supplemental hereto must be in writing and approved by Holders of 66 66-2/3% of the then outstanding Trust Preferred Capital Securities.

Appears in 1 contract

Samples: Trust Agreement (Peco Energy Capital Trust Iii)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!