Surrender of Corporation Powers. The Corporation by instrument in writing executed by appropriate authority of its Board of Directors and delivered to the Trustee may surrender any of the powers reserved to the Corporation, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, and as to any successor corporation.
Appears in 11 contracts
Samples: Indenture (Apab Capital Trust I), Indenture (American Community Bancshares Inc), Indenture (Metropolitan Financial Corp /Oh/)
Surrender of Corporation Powers. The Corporation by instrument in writing executed by appropriate authority of 2/3 (two-thirds) of its Board of Directors and delivered to the Debenture Trustee may surrender any of the powers reserved to the CorporationCorporation hereunder, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, and as to any successor corporationPerson.
Appears in 9 contracts
Samples: Indenture (Hamilton Capital Trust I), Indenture (New York Community Bancorp Inc), Indenture (Hamilton Capital Trust I)
Surrender of Corporation Powers. The Corporation by instrument in writing executed by appropriate authority of 2/3 (two-thirds) of its Board of Directors and delivered to the Debenture Trustee may surrender any of the powers reserved to the Corporation, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, and as to any successor corporationPerson.
Appears in 7 contracts
Samples: Indenture (Reliance Capital Trust I), Indenture (Commerce Capital Trust Ii), Indenture (Mainstreet Bankgroup Inc)
Surrender of Corporation Powers. The Corporation by instrument in writing executed by appropriate authority of 2/3 (two-thirds) of its Board of Directors and delivered to the Trustee may surrender any of the powers reserved to the CorporationCorporation hereunder, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, and as to any successor corporationPerson.
Appears in 3 contracts
Samples: Indenture (Flushing Financial Corp), Indenture (Flushing Financial Corp), Indenture for Subordinated Notes (State Bancorp Inc)
Surrender of Corporation Powers. The Corporation by instrument in writing executed by appropriate authority of 2/3 (two-thirds) of its Board of Directors and delivered to the Trustee may surrender any of the powers reserved to the Corporation, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, and as to any successor corporationPerson.
Appears in 2 contracts
Samples: Indenture (First Commonwealth Financial Corp /Pa/), Indenture (Peoples Heritage Financial Group Inc)
Surrender of Corporation Powers. The Corporation by instrument in writing executed by appropriate authority of 2/3 (two- thirds) of its Board of Directors and delivered to the Debenture Trustee may surrender any of the powers reserved to the CorporationCorporation hereunder, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, and as to any successor corporationPerson.
Appears in 2 contracts
Samples: Indenture (Westbank Capital Trust I), Indenture (Greater Bay Bancorp)
Surrender of Corporation Powers. The Corporation by instrument in writing executed by appropriate authority of 2/3 (two-thirds) of its Board of Directors and delivered to the Debt Trustee may surrender any of the powers reserved to the Corporation, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, and as to any successor corporation.
Appears in 2 contracts
Samples: Indenture (General Motors Capital Trust D), Indenture (General Motors Corp)
Surrender of Corporation Powers. The Corporation by instrument in writing executed by appropriate authority of two- thirds of its Board of Directors and delivered to the Trustee may surrender any of the powers reserved to the Corporation, and thereupon such power so surrendered shall terminate both as to the Corporation, as the case may be, Corporation and as to any successor corporation.
Appears in 1 contract
Samples: Indenture (Joy Global Inc)
Surrender of Corporation Powers. The Corporation by instrument in writing executed by appropriate authority of 2/3 (two-thirds) of its Board of Directors and delivered to the Debenture Trustee may surrender any of the powers reserved to the CorporationCorporation hereunder, and thereupon such power so surrendered shall terminate both as to TO the Corporation, as the case may be, and as to any successor corporationPerson.
Appears in 1 contract
Samples: Indenture (Nara Bancorp Inc)
