Common use of The Trust Securities Certificates; Execution and Delivery Thereof Clause in Contracts

The Trust Securities Certificates; Execution and Delivery Thereof. (a) The Preferred Securities Certificates shall be issued in minimum denominations of $25 Liquidation Amount and integral multiples thereof, and the Common Securities Certificates shall be issued in denominations of $25 Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Trust by manual signature of at least one Administrator and shall be dated their date of execution. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Securityholder, and shall be entitled to the rights and subject to the obligations of a Securityholder hereunder, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Sections 5.4, 5.11 and 5.13.

Appears in 2 contracts

Samples: Trust Agreement (Bear Stearns Companies Inc), Trust Agreement (Bear Stearns Companies Inc)

AutoNDA by SimpleDocs

The Trust Securities Certificates; Execution and Delivery Thereof. (a) The Preferred Securities Certificates shall be issued in minimum denominations of $25 _____ Liquidation Amount and integral multiples thereof, and the Common Securities Certificates shall be issued in denominations of $25 _____ Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Trust by manual signature of at least one Administrator Administrative Trustee and shall be dated their date of execution. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Securityholder, and shall be entitled to the rights and subject to the obligations of a Securityholder hereunder, upon due registration of such Trust Securities Certificate in such transferee's ’s name pursuant to Sections 5.4, 5.11 and 5.13.

Appears in 1 contract

Samples: Trust Agreement (Bear Stearns Capital Trust Iv)

The Trust Securities Certificates; Execution and Delivery Thereof. (a) The Preferred Securities Certificates shall be issued in minimum denominations of $25 _____ Liquidation Amount and integral multiples thereof, and the Common Securities Certificates shall be issued in denominations of $25 _____ Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Trust by manual signature of at least one Administrator and shall be dated their date of execution. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Securityholder, and shall be entitled to the rights and subject to the obligations of a Securityholder hereunder, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Sections 5.4, 5.11 and 5.13.

Appears in 1 contract

Samples: Trust Agreement (Bear Stearns Capital Trust V)

AutoNDA by SimpleDocs

The Trust Securities Certificates; Execution and Delivery Thereof. (a) The Preferred Capital Securities Certificates shall be issued in minimum denominations of $25 1,000 Liquidation Amount and integral multiples of $1,000 in excess thereof, and the Common Securities Certificates shall be issued in denominations of $25 1,000 Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Trust by manual signature of at least one Administrator and shall be dated their date of execution. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Securityholder, and shall be entitled to the rights and subject to the obligations of a Securityholder hereunder, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Sections 5.4, 5.11 and 5.13.

Appears in 1 contract

Samples: Trust Agreement (Bear Stearns Capital Trust I)

Time is Money Join Law Insider Premium to draft better contracts faster.