Common use of The Trustees Clause in Contracts

The Trustees. 34 SECTION 8.1 Certain Duties and Responsibilities....................................................34 SECTION 8.2 Certain Notices........................................................................36 SECTION 8.3 Certain: Rights of Property Trustee....................................................36 SECTION 8.4 Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 May Hold Securities....................................................................38 SECTION 8.6 Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 Conflicting Interests..................................................................40 SECTION 8.9 Co-Trustees and Separate Trustee.......................................................40 SECTION 8.10 Resignation and Removal; Appointment of Successor......................................42 SECTION 8.11 Acceptance of Appointment by Successor.................................................43 SECTION 8.12 Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 Preferential Collection of Claims Against Depositor or Trust...........................44 SECTION 8.14 Reports by Property Trustee............................................................45 SECTION 8.15 Reports to the Property Trustee........................................................46 SECTION 8.16 Evidence of Compliance with Conditions Precedent.......................................46 SECTION 8.17

The Trustees. 34 SECTION 8.1 32 Section 8.1. Certain Duties and Responsibilities....................................................34 SECTION 8.2 ...........................................................32 Section 8.2. Certain Notices........................................................................36 SECTION 8.3 Certain: ...............................................................................33 Section 8.3. Certain Rights of Property Trustee....................................................36 SECTION 8.4 ............................................................34 Section 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 ........................................36 Section 8.5. May Hold Securities....................................................................38 SECTION 8.6 ...........................................................................36 Section 8.6. Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 .................................................................36 Section 8.7. Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 ..................................37 Section 8.8. Conflicting Interests..................................................................40 SECTION 8.9 .........................................................................38 Section 8.9. Co-Trustees and Separate Trustee.......................................................40 SECTION 8.10 ..............................................................38 Section 8.10. Resignation and Removal; Appointment of Successor......................................42 SECTION 8.11 ............................................40 Section 8.11. Acceptance of Appointment by Successor.................................................43 SECTION 8.12 .......................................................41 Section 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 ..................................42 Section 8.13. Preferential Collection of Claims Against Depositor Sponsor or Trust...........................44 SECTION 8.14 ...................................42 Section 8.14. Reports by the Property Trustee............................................................45 SECTION 8.15 ..............................................................42 Section 8.15. Reports to the Property Trustee........................................................46 SECTION 8.16 ..............................................................42 Section 8.16. Evidence of Compliance with Conditions Precedent.......................................46 SECTION .............................................42 Section 8.17.

The Trustees. 34 36 SECTION 8.1 Certain Duties and Responsibilities....................................................34 ......................................... 36 SECTION 8.2 Certain Notices........................................................................36 ............................................................. 38 SECTION 8.3 Certain: Certain Rights of Property Trustee....................................................36 .......................................... 38 SECTION 8.4 Not Responsible for Recitals or Issuance of Securities.................................38 ............................... 40 SECTION 8.5 May Hold Securities....................................................................38 ......................................................... 40 SECTION 8.6 Compensation; Indemnity; Fees..........................................................39 ........................................................ 41 SECTION 8.7 Corporate Property Trustee Required; Eligibility of Trustees...........................40 .................................................................... 42 SECTION 8.8 Conflicting Interests..................................................................40 ................................................................ 42 SECTION 8.9 Co-Trustees and Separate Trustee.......................................................40 ............................................ 43 SECTION 8.10 Resignation and Removal; Appointment of Successor......................................42 ........................... 44 SECTION 8.11 Acceptance of Appointment by Successor.................................................43 ...................................... 45 SECTION 8.12 Merger, Conversion, Consolidation or Succession to Business............................44 .................................................................... 46 SECTION 8.13 Preferential Collection of Claims Against Depositor or Trust...........................44 ....................................................................... 46 SECTION 8.14 Reports by Property Trustee............................................................45 ................................................. 47 SECTION 8.15 Reports to the Property Trustee........................................................46 ............................................. 48 SECTION 8.16 Evidence of Compliance with Conditions Precedent.......................................46 ............................ 48 SECTION 8.17

The Trustees. 34 SECTION 8.1 Section 8.1. Certain Duties and Responsibilities....................................................34 SECTION 8.2 ....................50 Section 8.2. Certain Notices........................................................................36 SECTION 8.3 Certain: ........................................52 Section 8.3. Certain Rights of Property Trustee....................................................36 SECTION 8.4 .....................52 Section 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 ..........................................55 Section 8.5. May Hold Securities....................................................................38 SECTION 8.6 ....................................56 Section 8.6. Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 ..........................56 Section 8.7. Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 .............................57 Section 8.8. Conflicting Interests..................................................................40 SECTION 8.9 ..................................58 Section 8.9. Co-Trustees and Separate Trustee.......................................................40 SECTION 8.10 .......................58 Section 8.10. Resignation and Removal; Appointment of Successor......................................42 SECTION 8.11 ...........................................60 Section 8.11. Acceptance of Appointment by Successor.................................................43 SECTION 8.12 .................62 Section 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 .........................................63 Section 8.13. Preferential Collection of Claims Against Depositor or Trust...........................44 SECTION 8.14 ..................................64 Section 8.14. Reports by Property Trustee............................................................45 SECTION 8.15 ............................65 Section 8.15. Reports to the Property Trustee........................................................46 SECTION 8.16 ........................65 Section 8.16. Evidence of Compliance with Conditions Precedent.......................................46 SECTION ...........................................66 Section 8.17.

The Trustees. 34 SECTION 8.1 8.1. Certain Duties and Responsibilities....................................................34 ...........................35 SECTION 8.2 8.2. Certain Notices........................................................................36 ...............................................37 SECTION 8.3 Certain: 8.3. Certain Rights of Property Trustee....................................................36 ............................37 SECTION 8.4 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 ........39 SECTION 8.5 8.5. May Hold Securities....................................................................38 ...........................................39 SECTION 8.6 8.6. Compensation; Indemnity; Fees...........................................................................................39 SECTION 8.7 8.7. Corporate Property Trustee Required; Eligibility of Trustees.............................40 SECTION 8.8 8.8. Conflicting Interests..................................................................40 .........................................41 SECTION 8.9 8.9. Co-Trustees and Separate Trustee.......................................................40 ..............................41 SECTION 8.10 8.10. Resignation and Removal; Appointment of Successor...................................................42 SECTION 8.11 8.11. Acceptance of Appointment by Successor.................................................43 ........................44 SECTION 8.12 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 ..................................................45 SECTION 8.13 8.13. Preferential Collection of Claims Against Depositor or Trust...........................44 ..................................................45 SECTION 8.14 8.14. Reports by Property Trustee............................................................45 ...................................46 SECTION 8.15 8.15. Reports to the Property Trustee.......................................................................................46 SECTION 8.16 8.16. Evidence of Compliance with Conditions Precedent.....................................................46 SECTION 8.17.

The Trustees. 34 SECTION 8.1 31 Section 8.1. Certain Duties and Responsibilities....................................................34 SECTION 8.2 .....................31 Section 8.2. Certain Notices........................................................................36 SECTION 8.3 Certain: .........................................33 Section 8.3. Certain Rights of Property Trustee....................................................36 SECTION 8.4 ......................33 Section 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 .........................................35 Section 8.5. May Hold Securities....................................................................38 SECTION 8.6 .....................................35 Section 8.6. Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 ...........................36 Section 8.7. Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 ...............................37 Section 8.8. Conflicting Interests..................................................................40 SECTION 8.9 ...................................37 Section 8.9. Co-Trustees and Separate Trustee.......................................................40 SECTION 8.10 ........................38 Section 8.10. Resignation and Removal; Appointment of Successor......................................42 SECTION 8.11 .......................................39 Section 8.11. Acceptance of Appointment by Successor.................................................43 SECTION 8.12 ...............40 Section 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 .............................41 Section 8.13. Preferential Collection of Claims Against Depositor Sponsor or Trust...........................44 SECTION 8.14 ...................................41 Section 8.14. Reports by the Property Trustee............................................................45 SECTION 8.15 ......................41 Section 8.15. Reports to the Property Trustee........................................................46 SECTION 8.16 ......................42 Section 8.16. Evidence of Compliance with Conditions Precedent.......................................46 SECTION .....42 Section 8.17.

The Trustees. 34 SECTION 36 Section 8.1 Duties, Responsibilities and Limitation of Liability......................36 Section 8.2 Notices......................................38 Section 8.3 Certain Duties and Responsibilities....................................................34 SECTION 8.2 Certain Notices........................................................................36 SECTION 8.3 Certain: Rights of Property Trustee....................................................36 SECTION ...........38 -ii- TABLE OF CONTENTS (continued) PAGE Section 8.4 Not Responsible for Recitals or Issuance of Securities.................................38 SECTION .......................40 Section 8.5 May Hold Securities....................................................................38 SECTION ..........................40 Section 8.6 Compensation; Indemnity; Fees..........................................................39 SECTION ................41 Section 8.7 Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION ......................42 Section 8.8 Conflicting Interests..................................................................40 SECTION ........................42 Section 8.9 Co-Trustees and Separate Trustee.......................................................40 SECTION .............42 Section 8.10 Resignation and Removal; Appointment of Successor......................................42 SECTION .....................44 Section 8.11 Acceptance of Appointment by Successor.................................................43 SECTION .......45 Section 8.12 Merger, Conversion, Consolidation or Succession to Business............................44 SECTION ....................46 Section 8.13 Preferential Collection of Claims Against Depositor or Trust...........................44 SECTION ...................46 Section 8.14 Reports by Property Trustee............................................................45 SECTION ..................47 Section 8.15 Reports to the Property Trustee........................................................46 SECTION ..............47 Section 8.16 Evidence of Compliance with Conditions Precedent.......................................46 SECTION 8.17.........................47

The Trustees. 34 SECTION 8.1 Certain Duties .................................................................................6 Section 1. Number and Responsibilities....................................................34 SECTION 8.2 Certain Notices........................................................................36 SECTION 8.3 Certain: Rights Classes of Property Trustee....................................................36 SECTION 8.4 Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 May Hold Securities....................................................................38 SECTION 8.6 Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 Conflicting Interests..................................................................40 SECTION 8.9 Co-Trustees and Separate Term of Office.........................................6 Section 2. Vacancies; Resignation; Removal...........................................................7 Section 3. Effect of Death, Resignation, etc. of a Trustee...........................................8 Section 4. Powers....................................................................................8 Section 5. Voting...................................................................................10 Section 6. Payment of Expenses by the Trust.........................................................11 Section 7. Ownership of Assets of the Trust.........................................................11 Section 8. Advisory, Management and Distribution Services...........................................11 ARTICLE V RESTRICTION ON TRANSFER AND OWNERSHIP OF SHARES................................................12 Section 1. Definitions..............................................................................12 Section 2. Equity Shares............................................................................14 Section 2.1 Ownership Limitations........................................................14 Section 2.2 Remedies for Breach..........................................................16 Section 2.3 Notice of Restricted Transfer................................................16 Section 2.4 Owners Required To Provide Information.......................................16 Section 2.5 Remedies Not Limited.........................................................17 Section 2.6 Ambiguity....................................................................17 Section 2.7 Exceptions...................................................................17 Section 2.8 Legend.......................................................................18 Section 3. Transfer of Equity Shares in Trust.......................................................40 SECTION 8.10 Resignation 19 Section 3.1 Ownership in Trust...........................................................19 Section 3.2 Status of Shares Held by the Charitable Trustee..............................19 Section 3.3 Dividend and Removal; Appointment Voting Rights...................................................19 Section 3.4 Sale of SuccessorShares by Charitable Trustee.........................................19 Section 3.5 Designation of Charitable Beneficiaries......................................42 SECTION 8.11 Acceptance of Appointment by Successor.................................................43 SECTION 8.12 Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 Preferential Collection of Claims Against Depositor or Trust...........................44 SECTION 8.14 Reports by Property Trustee............................................................45 SECTION 8.15 Reports to the Property Trustee........................................................46 SECTION 8.16 Evidence of Compliance with Conditions Precedent.......................................46 SECTION 8.1720 Section 4. Enforcement..............................................................................20 Section 5. Non-Waiver...............................................................................20 Section 6. Continued Effect.........................................................................20 TABLE OF CONTENTS (continued)

The Trustees. 34 SECTION 8.1 Certain Duties .......................................................................................6 Section 1. Number and Responsibilities....................................................34 SECTION 8.2 Certain Notices........................................................................36 SECTION 8.3 Certain: Rights Classes of Property Trustee....................................................36 SECTION 8.4 Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 May Hold Securities....................................................................38 SECTION 8.6 Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 Conflicting Interests..................................................................40 SECTION 8.9 Co-Trustees and Separate Term of Office............................................6 Section 2. Vacancies; Resignation; Removal..............................................................7 Section 3. Effect of Death, Resignation, etc. of a Trustee..............................................7 Section 4. Powers.......................................................................................8 Section 5. Voting......................................................................................10 Section 6. Payment of Expenses by the Trust............................................................11 Section 7. Ownership of Assets of the Trust............................................................11 Section 8. Advisory, Management and Distribution Services..............................................11 ARTICLE V RESTRICTION ON TRANSFER AND OWNERSHIP OF SHARES.......................................................40 SECTION 8.10 Resignation and Removal; Appointment 12 Section 1. Definitions.................................................................................12 Section 2. Equity Shares...............................................................................14 Section 2.1 Ownership Limitations..............................................................14 Section 2.2 Remedies for Breach................................................................16 Section 2.3 Notice of Successor......................................42 SECTION 8.11 Acceptance Restricted Transfer......................................................16 Section 2.4 Owners Required To Provide Information.............................................16 Section 2.5 Remedies Not Limited...............................................................16 Section 2.6 Ambiguity..........................................................................17 Section 2.7 Exceptions.........................................................................17 Section 2.8 Legend.............................................................................18 Section 3. Transfer of Appointment Equity Shares in Trust..........................................................19 Section 3.1 Ownership in Trust.................................................................19 Section 3.2 Status of Shares Held by Successor.................................................43 SECTION 8.12 Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 Preferential Collection of Claims Against Depositor or Trust...........................44 SECTION 8.14 Reports by Property the Charitable Trustee............................................................45 SECTION 8.15 Reports to the Property Trustee........................................................46 SECTION 8.16 Evidence of Compliance with Conditions Precedent.......................................46 SECTION 8.17....................................19 Section 3.3

The Trustees. 34 33 SECTION 8.1 Certain Duties and Responsibilities....................................................34 33 SECTION 8.2 Certain Notices........................................................................36 34 SECTION 8.3 Certain: Certain Rights of Property Trustee....................................................36 .....................................................34 SECTION 8.4 Not Responsible for Recitals or Issuance of Securities.................................38 36 SECTION 8.5 May Hold Securities....................................................................38 36 SECTION 8.6 Compensation; Indemnity; Fees..........................................................39 37 SECTION 8.7 Corporate Property Trustee Required; Eligibility of Trustees...........................40 38 SECTION 8.8 Conflicting Interests..................................................................40 38 SECTION 8.9 Co-Trustees and Separate Trustee.......................................................40 38 SECTION 8.10 Resignation and Removal; Appointment of Successor......................................42 40 SECTION 8.11 Acceptance of Appointment by Successor.................................................43 41 SECTION 8.12 Merger, Conversion, Consolidation or Succession to Business............................44 42 SECTION 8.13 Preferential Collection of Claims Against Depositor or Trust...........................44 42 SECTION 8.14 Reports by Property Trustee............................................................45 42 SECTION 8.15 Reports to the Property Trustee........................................................46 43 SECTION 8.16 Evidence of Compliance with Conditions Precedent.......................................46 SECTION 8.1743

The Trustees. 34 SECTION 8.1 27 Section 8.1. Certain Duties and Responsibilities....................................................34 SECTION 8.2 ..........................................27 Section 8.2. Certain Notices........................................................................36 SECTION 8.3 Certain: ..............................................................28 Section 8.3. Certain Rights of Property Trustee....................................................36 SECTION 8.4 ...........................................28 Section 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 .......................30 Section 8.5. May Hold Securities....................................................................38 SECTION 8.6 ..........................................................30 Section 8.6. Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 ................................................30 Section 8.7. Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 .................31 Section 8.8. Conflicting Interests..................................................................40 SECTION 8.9 ........................................................31 Section 8.9. Co-Trustees and Separate Trustee.......................................................40 SECTION 8.10 .............................................31 Section 8.10. Resignation and Removal; Appointment of Successor......................................42 SECTION 8.11 ............................32 Section 8.11. Acceptance of Appointment by Successor.................................................43 SECTION 8.12 .......................................33 Section 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 ..................34 Section 8.13. Preferential Collection of Claims Against Depositor or Trust...........................44 SECTION 8.14 .................34 Section 8.14. Reports by Property Trustee............................................................45 SECTION 8.15 ..................................................35 Section 8.15. Reports to the Property Trustee........................................................46 SECTION 8.16 ..............................................35 Section 8.16. Evidence of Compliance with Conditions Precedent.......................................46 SECTION .............................35 Section 8.17.

The Trustees. 34 SECTION 35 Section 8.1 Certain Duties and Responsibilities....................................................34 SECTION ......................................... 35 Section 8.2 Certain Notices..................................................................................................................................... 36 SECTION Section 8.3 Certain: Certain Rights of Property Trustee.............................................................................................. 36 SECTION Section 8.4 Not Responsible for Recitals or Issuance of Securities....................................................... 38 SECTION Section 8.5 May Hold Securities............................................................................................................................. 38 SECTION Section 8.6 Compensation; Indemnity; Fees......................................................................................................... 39 SECTION Section 8.7 Corporate Property Trustee Required; Eligibility of Trustees........................................... 40 SECTION Section 8.8 Conflicting Interests......................................................................................................................... 40 SECTION Section 8.9 Co-Trustees and Separate Trustee................................................................................................... 40 SECTION Section 8.10 Resignation and Removal; Appointment of Successor................................................................. 42 SECTION Section 8.11 Acceptance of Appointment by Successor....................................................................................... 43 SECTION Section 8.12 Merger, Conversion, Consolidation or Succession to Business............................................. 44 SECTION Section 8.13 Preferential Collection of Claims Against Depositor or Trust........................................... 44 SECTION Section 8.14 Reports by Property Trustee............................................................................................................. 45 SECTION Section 8.15 Reports to the Property Trustee........................................................46 SECTION ............................................. 45 Section 8.16 Evidence of Compliance with Conditions Precedent.......................................46 SECTION ............................ 45 Section 8.17

The Trustees. 34 SECTION 8.1 8.1. Certain Duties and Responsibilities....................................................34 .......................... 35 SECTION 8.2 8.2. Certain Notices........................................................................36 .............................................. 37 SECTION 8.3 Certain: 8.3. Certain Rights of Property Trustee....................................................36 ........................... 37 SECTION 8.4 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 ....... 39 SECTION 8.5 8.5. May Hold Securities....................................................................38 .......................................... 39 SECTION 8.6 8.6. Compensation; Indemnity; Fees.......................................................................................... 39 SECTION 8.7 8.7. Corporate Property Trustee Required; Eligibility of Trustees...........................Trustees .................................................. 40 SECTION 8.8 8.8. Conflicting Interests..................................................................40 ........................................ 41 SECTION 8.9 8.9. Co-Trustees and Separate Trustee.......................................................40 ............................. 41 SECTION 8.10 8.10. Resignation and Removal; Appointment of Successor.................................................. 42 SECTION 8.11 8.11. Acceptance of Appointment by Successor.................................................43 ....................... 44 SECTION 8.12 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 ................................................. 45 SECTION 8.13 8.13. Preferential Collection of Claims Against Depositor or Trust...........................44 ................................................. 45 SECTION 8.14 8.14. Reports by Property Trustee............................................................45 .................................. 46 SECTION 8.15 8.15. Reports to the Property Trustee...................................................................................... 46 SECTION 8.16 8.16. Evidence of Compliance with Conditions Precedent.................................................... 46 SECTION 8.17.

The Trustees. 34 42 SECTION 8.1 7.01. Certain Duties and Responsibilities....................................................34 ....... 42 SECTION 8.2 7.02. Notice of Defaults; Direct Action by Securityholders........................... 43 SECTION 7.03. Certain Notices........................................................................36 SECTION 8.3 Certain: Rights of Property Trustee....................................................36 ........ 44 SECTION 8.4 7.04. Not Responsible for Recitals or Issuance of Securities.................................38 .................... 46 SECTION 8.5 7.05. May Hold Securities....................................................................38 ....................... 46 SECTION 8.6 7.06. Compensation; Indemnity; Fees..........................................................39 ............. 46 SECTION 8.7 Corporate Property Trustee 7.07. Certain Trustees Required; Eligibility of Trustees...........................40 ............................... 47 SECTION 8.8 7.08. Conflicting Interests..................................................................40 ..................... 48 SECTION 8.9 7.09. Co-Trustees and Separate Trustee.......................................................40 .......... 48 SECTION 8.10 7.10. Resignation and Removal; Appointment of Successor......................................42 ................................. 50 SECTION 8.11 7.11. Acceptance of Appointment by Successor.................................................43 .... 52 SECTION 8.12 7.12. Merger, Conversion, Consolidation or Succession to Business............................44 .................... 53 SECTION 8.13 7.13. Preferential Collection of Claims Against Depositor or Trust...........................44 ................ 53 SECTION 8.14 7.14. Reports by Property Trustee............................................................45 ............... 53 SECTION 8.15 7.15. Reports to the Property Trustee........................................................46 ........... 53 SECTION 8.16 7.16. Evidence of Compliance with Conditions Precedent.......................................46 ................................. 54 SECTION 8.177.17. Statements Required in Officer's Certificate and Opinion of Counsel........ 54 SECTION 7.18.

The Trustees. 34 33 SECTION 8.1 Certain Duties and Responsibilities....................................................34 ......................33 SECTION 8.2 Certain Notices........................................................................36 ..........................................34 SECTION 8.3 Certain: Certain Rights of Property Trustee....................................................36 .......................34 SECTION 8.4 Not Responsible for Recitals or Issuance of Securities.................................38 ...36 SECTION 8.5 May Hold Securities....................................................................38 ......................................36 SECTION 8.6 Compensation; Indemnity; Fees..........................................................39 ............................37 SECTION 8.7 Corporate Property Trustee Required; Eligibility of Trustees...........................40 ..............................................38 SECTION 8.8 Conflicting Interests..................................................................40 ....................................38 SECTION 8.9 Co-Trustees and Separate Trustee.......................................................40 .........................38 SECTION 8.10 Resignation and Removal; Appointment of Successor......................................42 ........40 SECTION 8.11 Acceptance of Appointment by Successor.................................................43 ...................41 SECTION 8.12 Merger, Conversion, Consolidation or Succession to Business............................44 ..............................................42 SECTION 8.13 Preferential Collection of Claims Against Depositor or Trust...........................44 .................................................42 SECTION 8.14 Reports by Property Trustee............................................................45 ..............................43 SECTION 8.15 Reports to the Property Trustee........................................................46 ..........................43 SECTION 8.16 Evidence of Compliance with Conditions Precedent.......................................46 SECTION 8.17.........44

The Trustees. 34 SECTION 8.1 31 Section 8.1. Certain Duties and Responsibilities....................................................34 SECTION 8.2 ........................................................ 31 Section 8.2. Certain Notices........................................................................36 SECTION 8.3 Certain: ............................................................................ 33 Section 8.3. Certain Rights of Property Trustee....................................................36 SECTION 8.4 ......................................................... 33 Section 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 ..................................... 35 Section 8.5. May Hold Securities....................................................................38 SECTION 8.6 ........................................................................ 35 Section 8.6. Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 .............................................................. 35 Section 8.7. Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 ............................... 36 Section 8.8. Conflicting Interests..................................................................40 SECTION 8.9 ...................................................................... 37 Section 8.9. Co-Trustees and Separate Trustee.......................................................40 SECTION 8.10 ........................................................... 37 Section 8.10. Resignation and Removal; Appointment of Successor......................................42 SECTION 8.11 .......................................... 38 Section 8.11. Acceptance of Appointment by Successor.................................................43 SECTION 8.12 ..................................................... 40 Section 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 ................................ 40 Section 8.13. Preferential Collection of Claims Against Depositor or Trust...........................44 SECTION 8.14 ............................... 41 Section 8.14. Reports by Property Trustee............................................................45 SECTION 8.15 ................................................................ 41 Section 8.15. Reports to the Property Trustee........................................................46 SECTION 8.16 ............................................................ 42 Section 8.16. Evidence of Compliance with Conditions Precedent.......................................46 SECTION ........................................... 42 Section 8.17.

The Trustees. 34 SECTION 8.1 29 Section 8.1. Certain Duties and Responsibilities....................................................34 SECTION 8.2 ..................................................29 Section 8.2. Certain Notices........................................................................36 SECTION 8.3 Certain: ......................................................................31 Section 8.3. Certain Rights of Property Trustee....................................................36 SECTION 8.4 ...................................................31 Section 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 ...............................33 Section 8.5. May Hold Securities....................................................................38 SECTION 8.6 ..................................................................33 Section 8.6. Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 ........................................................33 Section 8.7. Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 .........................34 Section 8.8. Conflicting Interests..................................................................40 SECTION 8.9 ................................................................34 Section 8.9. Co-Trustees and Separate Trustee.......................................................40 SECTION 8.10 Resignation and Removal; Appointment of Successor......................................42 SECTION 8.11 .....................................................35 -ii- TABLE OF CONTENTS (CONTINUED) Section 8.11. Acceptance of Appointment by Successor.................................................43 SECTION 8.12 ...............................................37 Section 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 ..........................38 Section 8.13. Preferential Collection of Claims Against TECO, Depositor or Trust...........................44 SECTION 8.14 ...................38 Section 8.14. Reports by the Property Trustee............................................................45 SECTION 8.15 ......................................................38 Section 8.15. Reports to the Property Trustee........................................................46 SECTION 8.16 ......................................................39 Section 8.16. Evidence of Compliance with Conditions Precedent.......................................46 SECTION 8.17.....................................39

The Trustees. 34 32 SECTION 8.1 Certain Duties and Responsibilities....................................................34 . ..................... 32 SECTION 8.2 Certain Notices........................................................................36 . ......................................... 33 SECTION 8.3 Certain: Certain Rights of Property Trustee....................................................36 . ...................... 33 SECTION 8.4 Not Responsible for Recitals or Issuance of Securities.................................38 . .. 35 SECTION 8.5 May Hold Securities....................................................................38 . ..................................... 35 SECTION 8.6 Compensation; Indemnity; Fees..........................................................39 . ........................... 36 SECTION 8.7 Corporate Property Trustee Required; Eligibility of Trustees...........................40 . ...................................................... 37 SECTION 8.8 Conflicting Interests..................................................................40 . ................................... 37 SECTION 8.9 Co-Trustees and Separate Trustee.......................................................40 . ........................ 37 SECTION 8.10 Resignation and Removal; Appointment of Successor......................................42 . ...... 39 SECTION 8.11 Acceptance of Appointment by Successor.................................................43 . ................. 40 SECTION 8.12 Merger, Conversion, Consolidation or Succession to Business............................44 . ...................................................... 40 SECTION 8.13 Preferential Collection of Claims Against Depositor or Trust...........................44 . ...................................................... 41 SECTION 8.14 Reports by Property Trustee............................................................45 . ............................ 41 SECTION 8.15 Reports to the Property Trustee........................................................46 . ........................ 42 SECTION 8.16 Evidence of Compliance with Conditions Precedent.......................................46 SECTION 8.17. ....... 42 6 PAGE

The Trustees. 34 SECTION 8.1 Section 8.01 Certain Duties and Responsibilities....................................................34 SECTION 8.2 ............................................30 Section 8.02 Notice of Defaults.............................................................30 Section 8.03 Certain Notices........................................................................36 SECTION 8.3 Certain: Rights of Property Trustee....................................................36 SECTION 8.4 .............................................30 Section 8.04 Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 .........................31 Section 8.05 May Hold Securities....................................................................38 SECTION 8.6 ............................................................32 Section 8.06 Compensation; Fees; Indemnity; Fees..........................................................39 SECTION 8.7 Corporate Property Trustee ..................................................32 Section 8.07 Trustees Required; Eligibility of Trustees...........................40 SECTION 8.8 Eligibility.................................................32 Section 8.08 Conflicting Interests..................................................................40 SECTION 8.9 ..........................................................33 Section 8.09 Co-Property Trustees and Separate Trustee.......................................................40 SECTION ......................................33 Section 8.10 Resignation and Removal; Appointment of Successor......................................42 SECTION ..............................34 Section 8.11 Acceptance of Appointment by Successor.................................................43 SECTION .........................................36 Section 8.12 Merger, Conversion, Consolidation or Succession to Business............................44 SECTION ....................36 Section 8.13 Preferential Collection of Claims Against Depositor or Trust...........................44 SECTION ...................36 Section 8.14 Reports by the Property Trustee............................................................45 SECTION ................................................37 Section 8.15 Reports to the Property Trustee........................................................46 SECTION ................................................37 Section 8.16 Evidence of Compliance with Conditions Precedent.......................................46 SECTION 8.17...............................37 Section 8.17 Number of Trustees.............................................................37 Section 8.18 Delegation of Power............................................................38 Section 8.19 Enforcement of Rights of Property Trustee by Securityholders...................38 Section 8.20 Delaware Trustee...............................................................39

The Trustees. 34 SECTION 29 Section 8.1 Certain Duties and Responsibilities....................................................34 SECTION ............................................................29 Section 8.2 Certain Notices........................................................................36 SECTION ................................................................................31 Section 8.3 Certain: Certain Rights of Property Trustee....................................................36 SECTION .............................................................31 Section 8.4 Not Responsible for Recitals or Issuance of Securities.................................38 SECTION .........................................33 Section 8.5 May Hold Securities....................................................................38 SECTION ............................................................................33 Section 8.6 Compensation; Indemnity; Fees..........................................................39 SECTION ..................................................................33 Section 8.7 Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION ...................................34 Section 8.8 Conflicting Interests..................................................................40 SECTION ..........................................................................34 Section 8.9 Co-Trustees and Separate Trustee.......................................................40 SECTION ...............................................................34 Section 8.10 Resignation and Removal; Appointment of Successor......................................42 SECTION ..............................................36 Section 8.11 Acceptance of Appointment by Successor.................................................43 SECTION .........................................................37 Section 8.12 Merger, Conversion, Consolidation or Succession to Business............................44 SECTION ....................................38 Section 8.13 Preferential Collection of Claims Against Depositor or Trust...........................44 SECTION ...................................38 Section 8.14 Reports by Property Trustee............................................................45 SECTION ....................................................................38 Section 8.15 Reports to the Property Trustee........................................................46 SECTION ................................................................39 Section 8.16 Evidence of Compliance with Conditions Precedent.......................................46 SECTION ...............................................39 Section 8.17

The Trustees. 34 SECTION 8.1 37 Section 8.1. Certain Duties and Responsibilities....................................................34 SECTION 8.2 ............................................ 37 Section 8.2. Certain Notices........................................................................36 SECTION 8.3 Certain: ................................................................ 39 Section 8.3. Certain Rights of Property Trustee....................................................36 SECTION 8.4 ............................................. 39 Section 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 ......................... 42 Section 8.5. May Hold Securities....................................................................38 SECTION 8.6 ............................................................ 42 Section 8.6. Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 .................................................. 42 Section 8.7. Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 ................... 43 Section 8.8. Conflicting Interests..................................................................40 SECTION 8.9 .......................................................... 44 Section 8.9. Co-Trustees and Separate Trustee.......................................................40 SECTION 8.10 ............................................... 44 Section 8.10. Resignation and Removal; , Appointment of Successor......................................42 SECTION 8.11 .............................. 46 Section 8.11. Acceptance of Appointment by Successor.................................................43 SECTION 8.12 ......................................... 47 Section 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 .................... 48 Section 8.13. Preferential Collection of Claims Against Depositor or Trust...........................44 SECTION 8.14 ................... 48 Section 8.14. Reports by Property Trustee............................................................45 SECTION 8.15 Reports to the Property Trustee........................................................46 SECTION 8.16 Evidence of Compliance with Conditions Precedent.......................................46 SECTION 8.17................................................ 49

The Trustees. 34 SECTION Section 8.1 Certain Duties and Responsibilities....................................................34 SECTION ...............................................40 Section 8.2 Certain Notices........................................................................36 SECTION ...................................................................42 Section 8.3 Certain: Certain Rights of Property Trustee....................................................36 SECTION ................................................42 Section 8.4 Not Responsible for Recitals or Issuance of Securities.................................38 SECTION ............................45 Section 8.5 May Hold Securities....................................................................38 SECTION ...............................................................45 Section 8.6 Compensation; Indemnity; Fees..........................................................39 SECTION .....................................................45 Section 8.7 Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION ......................46 Section 8.8 Conflicting Interests..................................................................40 SECTION .............................................................47 Section 8.9 Co-Trustees and Separate Trustee.......................................................40 SECTION ..................................................47 Section 8.10 Resignation and Removal; Appointment of Successor......................................42 SECTION .................................49 Section 8.11 Acceptance of Appointment by Successor.................................................43 SECTION ............................................50 Section 8.12 Merger, Conversion, Consolidation or Succession to Business............................44 SECTION .......................51 Section 8.13 Preferential Collection of Claims Against Depositor or Trust...........................44 SECTION ......................51 Section 8.14 Reports by Property Trustee............................................................45 SECTION .......................................................52 Section 8.15 Reports to the Property Trustee........................................................46 SECTION ...................................................52 Section 8.16 Evidence of Compliance with Conditions Precedent.......................................46 SECTION ..................................52 Section 8.17

The Trustees. 34 32 SECTION 8.1 Certain Duties and Responsibilities....................................................34 . ..................... 32 SECTION 8.2 Certain Notices........................................................................36 . ......................................... 33 SECTION 8.3 Certain: Certain Rights of Property Trustee....................................................36 . ...................... 33 SECTION 8.4 Not Responsible for Recitals or Issuance of Securities.................................38 . .. 35 SECTION 8.5 May Hold Securities....................................................................38 . ..................................... 35 SECTION 8.6 Compensation; Indemnity; Fees..........................................................39 . ........................... 36 SECTION 8.7 Corporate Property Trustee Required; Eligibility of Trustees...........................40 . ...................................................... 37 SECTION 8.8 Conflicting Interests..................................................................40 . ................................... 37 SECTION 8.9 Co-Trustees and Separate Trustee.......................................................40 . ........................ 37 SECTION 8.10 Resignation and Removal; Appointment of Successor......................................42 . ...... 39 SECTION 8.11 Acceptance of Appointment by Successor.................................................43 . ................. 40 SECTION 8.12 Merger, Conversion, Consolidation or Succession to Business............................44 . ...................................................... 40 SECTION 8.13 Preferential Collection of Claims Against Depositor or Trust...........................44 . ...................................................... 41 SECTION 8.14 Reports by Property Trustee............................................................45 . ............................ 41 SECTION 8.15 Reports to the Property Trustee........................................................46 . ........................ 42 SECTION 8.16 Evidence of Compliance with Conditions Precedent.......................................46 SECTION 8.17. ....... 42 PAGE

The Trustees. 34 36 SECTION 8.1 Certain Duties and Responsibilities....................................................34 ..................................................... 36 SECTION 8.2 Certain Notices........................................................................36 ......................................................................... 38 SECTION 8.3 Certain: Rights of Property Trustee....................................................36 ..................................................... 38 SECTION 8.4 Not Responsible for Recitals or Issuance of Securities.................................38 .................................. 40 SECTION 8.5 May Hold Securities....................................................................38 ..................................................................... 40 SECTION 8.6 Compensation; Indemnity; Fees..........................................................39 ........................................................... 40 SECTION 8.7 Corporate Property Trustee Required; Eligibility of Trustees...........................40 ............................ 42 SECTION 8.8 Conflicting Interests..................................................................40 ................................................................... 42 SECTION 8.9 Co-Trustees and Separate Trustee.......................................................40 ........................................................ 42 SECTION 8.10 Resignation and Removal; Appointment of Successor......................................42 ....................................... 44 SECTION 8.11 Acceptance of Appointment by Successor.................................................43 .................................................. 45 SECTION 8.12 Merger, Conversion, Consolidation or Succession to Business............................44 ............................. 46 SECTION 8.13 Preferential Collection of Claims Against Depositor or Trust...........................44 ............................ 46 SECTION 8.14 Reports by Property Trustee............................................................45 ............................................................. 47 SECTION 8.15 Reports to the Property Trustee........................................................46 ......................................................... 47 SECTION 8.16 Evidence of Compliance with Conditions Precedent.......................................46 ........................................ 48 SECTION 8.17

The Trustees. 34 49 SECTION 8.1 8.1. Corporate Property Trustee Required; Eligibility of Trustees.................................................. 49 SECTION 8.2. Certain Duties and Responsibilities....................................................34 .......................... 49 SECTION 8.2 8.3. Certain Notices........................................................................36 .............................................. 51 SECTION 8.3 Certain: 8.4 Certain Rights of Property Trustee....................................................36 ........................... 52 SECTION 8.4 8.5. Not Responsible for Recitals or Issuance of Securities.................................38 ................................................ 54 SECTION 8.5 8.6. May Hold Securities....................................................................38 .......................................... 55 SECTION 8.6 8.7. Compensation; Indemnity; Fees..........................................................39 ................................ 55 SECTION 8.7 Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 8.8. Conflicting Interests..................................................................40 ........................................ 56 SECTION 8.9 8.9. Co-Trustees and Separate Trustee.......................................................40 ............................. 57 SECTION 8.10 8.10. Resignation and Removal; Appointment of Successor......................................42 .................................................... 59 SECTION 8.11 8.11. Acceptance of Appointment by Successor.................................................43 ....................... 61 SECTION 8.12 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 .................................................. 61 SECTION 8.13 8.13. Preferential Collection of Claims Against Depositor or Trust...........................44 ........................................... 62 SECTION 8.14 8.14. Reports by Property Trustee............................................................45 .................................. 63 SECTION 8.15 8.15. Reports to the Property Trustee........................................................46 .............................. 63 SECTION 8.16 8.16. Evidence of Compliance with Conditions Precedent.......................................46 .................................................... 63 SECTION 8.17.

The Trustees. 34 SECTION 8.1 Certain Duties 6 Section 1. Number and Responsibilities....................................................34 SECTION 8.2 Certain Notices........................................................................36 SECTION 8.3 Certain: Rights Classes of Property Trustee....................................................36 SECTION 8.4 Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 May Hold Securities....................................................................38 SECTION 8.6 Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 Conflicting Interests..................................................................40 SECTION 8.9 Co-Trustees and Separate Term of Office........................................ 6 Section 2. Vacancies; Resignation; Removal.......................................................... 7 Section 3. Effect of Death, Resignation, etc. of a Trustee.......................................................40 SECTION 8.10 Resignation .......................................... 8 Section 4. Powers................................................................................... 8 Section 5. Voting................................................................................... 10 Section 6. Payment of Expenses by the Trust......................................................... 11 Section 7. Ownership of Assets of the Trust......................................................... 11 Section 8. Advisory, Management and Removal; Appointment Distribution Services........................................... 11 ARTICLE V RESTRICTION ON TRANSFER AND OWNERSHIP OF SHARES................................................. 12 Section 1. Definitions.............................................................................. 12 Section 2. Equity Shares............................................................................ 14 Section 2.1 Ownership Limitations............................................................ 14 Section 2.2 Remedies for Breach.............................................................. 16 Section 2.3 Notice of Successor......................................42 SECTION 8.11 Acceptance Restricted Transfer.................................................... 16 Section 2.4 Owners Required To Provide Information........................................... 16 Section 2.5 Remedies Not Limited............................................................. 17 Section 2.6 Ambiguity........................................................................ 17 Section 2.7 Exceptions....................................................................... 17 Section 2.8 Legend........................................................................... 18 Section 3. Transfer of Appointment Equity Shares in Trust....................................................... 19 Section 3.1 Ownership in Trust............................................................... 19 Section 3.2 Status of Shares Held by Successor.................................................43 SECTION 8.12 Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 Preferential Collection the Charitable Trustee.................................. 19 Section 3.3 Dividend and Voting Rights....................................................... 19 Section 3.4 Sale of Claims Against Depositor or Trust...........................44 SECTION 8.14 Reports Shares by Property Charitable Trustee............................................................45 SECTION 8.15 Reports to the Property Trustee........................................................46 SECTION 8.16 Evidence ............................................. 19 Section 3.5 Designation of Compliance with Conditions Precedent.......................................46 SECTION 8.17Charitable Beneficiaries.......................................... 20 Section 4. Enforcement.............................................................................. 20 Section 5. Non-Waiver............................................................................... 20 Section 6. Continued Effect......................................................................... 20 ARTICLE VI SHAREHOLDERS' VOTING POWERS AND MEETINGS........................................................ 20 Section 1. General.................................................................................. 00

The Trustees. 34 SECTION 8.1 39 Section 8.1. Certain Duties and Responsibilities....................................................34 SECTION 8.2 .................................39 Section 8.2. Certain Notices........................................................................36 SECTION 8.3 Certain: .....................................................41 Section 8.3. Certain Rights of Property Trustee....................................................36 SECTION 8.4 ..................................41 Section 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 ..............44 Section 8.5. May Hold Securities....................................................................38 SECTION 8.6 .................................................44 Section 8.6. Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 .......................................44 Section 8.7. Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 ........45 Section 8.8. Conflicting Interests..................................................................40 SECTION 8.9 ...............................................45 Section 8.9. Co-Trustees and Separate Trustee.......................................................40 SECTION 8.10 ....................................46 Section 8.10. Resignation and Removal; Appointment of Successor......................................42 SECTION 8.11 ...................47 Section 8.11. Acceptance of Appointment by Successor.................................................43 SECTION 8.12 ..............................48 Section 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 .........49 Section 8.13. Preferential Collection of Claims Against Depositor or Trust...........................44 SECTION 8.14 ........49 Section 8.14. Reports by Property Trustee............................................................45 SECTION 8.15 .........................................50 Section 8.15. Reports to the Property Trustee........................................................46 SECTION 8.16 .....................................51 Section 8.16. Evidence of Compliance with Conditions Precedent.......................................46 SECTION ....................51 Section 8.17.

The Trustees. 34 33 SECTION 8.1 8.1. Certain Duties and Responsibilities....................................................34 . ................................... 33 SECTION 8.2 8.2. Certain Notices........................................................................36 . ....................................................... 35 SECTION 8.3 Certain: 8.3. Certain Rights of Property Trustee....................................................36 . .................................... 35 SECTION 8.4 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 . ................ 37 SECTION 8.5 8.5. May Hold Securities....................................................................38 . ................................................... 37 SECTION 8.6 8.6. Compensation; Indemnity; Fees..........................................................39 . ......................................... 37 SECTION 8.7 8.7. Corporate Property Trustee Required; Eligibility of Trustees...........................40 . .......... 38 SECTION 8.8 8.8. Conflicting Interests..................................................................40 . ................................................. 39 SECTION 8.9 8.9. Co-Trustees and Separate Trustee.......................................................40 . ...................................... 39 SECTION 8.10 8.10. Resignation and Removal; Appointment of Successor......................................42 . ..................... 40 SECTION 8.11 8.11. Acceptance of Appointment by Successor.................................................43 . ................................ 42 SECTION 8.12 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 . ........... 43 SECTION 8.13 8.13. Preferential Collection of Claims Against Depositor or Trust...........................44 . .......... 43 SECTION 8.14 8.14. Reports by Property Trustee............................................................45 . ........................................... 44 SECTION 8.15 8.15. Reports to the Property Trustee........................................................46 . ....................................... 44 SECTION 8.16 8.16. Evidence of Compliance with Conditions Precedent.......................................46 . ...................... 44 SECTION 8.17.

The Trustees. 34 SECTION 8.1 29 Section 8.1. Certain Duties and Responsibilities....................................................34 SECTION 8.2 ..................................................29 Section 8.2. Certain Notices........................................................................36 SECTION 8.3 Certain: ......................................................................31 Section 8.3. Certain Rights of Property Trustee....................................................36 SECTION 8.4 ...................................................31 Section 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 ...............................33 Section 8.5. May Hold Securities....................................................................38 SECTION 8.6 ..................................................................33 Section 8.6. Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 ........................................................33 Section 8.7. Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 .........................34 Section 8.8. Conflicting Interests..................................................................40 SECTION 8.9 ................................................................34 Section 8.9. Co-Trustees and Separate Trustee.......................................................40 SECTION 8.10 .....................................................35 -ii- 4 TABLE OF CONTENTS (CONTINUED) PAGE Section 8.10. Resignation and Removal; , Appointment of Successor......................................42 SECTION 8.11 ....................................36 Section 8.11. Acceptance of Appointment by Successor.................................................43 SECTION 8.12 ...............................................37 Section 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 ..........................38 Section 8.13. Preferential Collection of Claims Against TECO, Depositor or Trust...........................44 SECTION 8.14 ...................38 Section 8.14. Reports by the Property Trustee............................................................45 SECTION 8.15 ......................................................38 Section 8.15. Reports to the Property Trustee........................................................46 SECTION 8.16 ......................................................39 Section 8.16. Evidence of Compliance with Conditions Precedent.......................................46 SECTION 8.17.....................................39

The Trustees. 34 SECTION 8.1 Section 8.1. Certain Duties and Responsibilities.............................................................................................................. 34 SECTION 8.2 Section 8.2. Certain Notices........................................................................36 SECTION 8.3 Certain: .............................................................................. 35 Section 8.3. Certain Rights of Property Trustee....................................................36 SECTION 8.4 ........................................................... 35 Section 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 ....................................... 37 Section 8.5. May Hold Securities.............................................................................................................................................. 38 SECTION 8.6 Section 8.6. Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 ................................................................ 38 Section 8.7. Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 ................................. 39 Section 8.8. Conflicting Interests..................................................................40 SECTION 8.9 ........................................................................ 39 Section 8.9. Co-Trustees and Separate Trustee.................................................................................................................... 40 SECTION 8.10 Section 8.10. Resignation and Removal; Appointment of Successor......................................42 SECTION 8.11 ........................................... 41 Section 8.11. Acceptance of Appointment by Successor.................................................43 SECTION 8.12 ...................................................... 42 Section 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 ................................. 43 Section 8.13. Preferential Collection of Claims Against Depositor or Trust........................................................... 44 SECTION 8.14 Section 8.14. Reports by Property Trustee............................................................45 SECTION 8.15 ................................................................. 44 Section 8.15. Reports to the Property Trustee........................................................46 SECTION 8.16 ............................................................. 45 Section 8.16. Evidence of Compliance with Conditions Precedent.......................................46 SECTION ............................................ 45 Section 8.17.

The Trustees. 34 31 SECTION 8.1 8.1. Certain Duties and Responsibilities....................................................34 ................................................ 31 SECTION 8.2 8.2. Certain Notices........................................................................36 .................................................................... 32 SECTION 8.3 Certain: 8.3. Certain Rights of Property Trustee....................................................36 ................................................. 33 SECTION 8.4 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 ............................. 34 SECTION 8.5 8.5. May Hold Securities....................................................................38 ................................................................ 35 SECTION 8.6 8.6. Compensation; Indemnity; Fees..........................................................39 ...................................................... 35 SECTION 8.7 8.7. Corporate Property Trustee Required; Eligibility of Trustees...........................40 ....................... 36 SECTION 8.8 8.8. Conflicting Interests..................................................................40 .............................................................. 36 SECTION 8.9 8.9. Co-Trustees and Separate Trustee.......................................................40 ................................................... 36 SECTION 8.10 8.10. Resignation and Removal; Appointment of Successor......................................42 .................................. 38 SECTION 8.11 8.11. Acceptance of Appointment by Successor.................................................43 ............................................. 39 SECTION 8.12 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 ........................ 39 SECTION 8.13 8.13. Preferential Collection of Claims Against Depositor or Trust...........................44 ....................... 40 SECTION 8.14 8.14. Reports by Property Trustee............................................................45 ........................................................ 40 SECTION 8.15 8.15. Reports to the Property Trustee........................................................46 .................................................... 40 SECTION 8.16 8.16. Evidence of Compliance with Conditions Precedent.......................................46 ................................... 40 SECTION 8.17.

The Trustees. 34 SECTION 8.1 27 Section 8.1. Certain Duties and Responsibilities....................................................34 SECTION 8.2 ....................... 27 Section 8.2. Certain Notices........................................................................36 SECTION 8.3 Certain: ........................................... 29 Section 8.3. Certain Rights of Property Trustee....................................................36 SECTION 8.4 ........................ 29 Section 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 ................................................ 31 Section 8.5. May Hold Securities....................................................................38 SECTION 8.6 ....................................... 31 Section 8.6. Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 ............................. 31 Section 8.7. Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 ............................................... 32 Section 8.8. Conflicting Interests..................................................................40 SECTION 8.9 ..................................... 32 Section 8.9. Co-Trustees and Separate Trustee.......................................................40 SECTION 8.10 .......................... 33 Section 8.10. Resignation and Removal; , Appointment of Successor......................................42 SECTION 8.11 ......... 34 Section 8.11. Acceptance of Appointment by Successor.................................................43 SECTION 8.12 .................... 35 Section 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 ............................................... 36 TABLE OF CONTENTS (CONTINUED) Section 8.13. Preferential Collection of Claims Against TECO, Depositor or Trust...........................44 SECTION 8.14 ........................................ 36 Section 8.14. Reports by the Property Trustee............................................................45 SECTION 8.15 ........................... 36 Section 8.15. Reports to the Property Trustee........................................................46 SECTION 8.16 ........................... 37 Section 8.16. Evidence of Compliance with Conditions Precedent.......................................46 SECTION 8.17.......... 37

The Trustees. 34 33 SECTION 8.1 8.1. Certain Duties and Responsibilities..................................................... .................. 33 SECTION 8.2. Certain Notices. ...................................... 34 SECTION 8.2 8.3. Certain Notices........................................................................36 SECTION 8.3 Certain: Rights of Property Trustee....................................................36 . ................... 35 SECTION 8.4 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 ............................................. 37 SECTION 8.5 8.5. May Hold Securities....................................................................38 . .................................. 37 SECTION 8.6 8.6. Compensation; Indemnity; Fees..........................................................39 . ........................ 37 SECTION 8.7 8.7. Corporate Property Trustee Required; Eligibility of Trustees...........................40 . .............................. 38 SECTION 8.8 8.8. Conflicting Interests..................................................................40 . ................................ 39 SECTION 8.9 8.9. Co-Trustees and Separate Trustee.......................................................40 . ..................... 39 SECTION 8.10 8.10. Resignation and Removal; Appointment of Successor......................................42 .............................................. 40 SECTION 8.11 8.11. Acceptance of Appointment by Successor.................................................43 . ............... 41 SECTION 8.12 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 ................................. 42 SECTION 8.13 8.13. Preferential Collection of Claims Against Depositor or Trust...........................44 ..................................... 43 SECTION 8.14 8.14. Reports by Property Trustee............................................................45 . .......................... 43 SECTION 8.15 8.15. Reports to the Property Trustee........................................................46 . ...................... 44 SECTION 8.16 8.16. Evidence of Compliance with Conditions ` Precedent.......................................46 .............................................. 44 SECTION 8.17.

The Trustees. 34 SECTION 8.1 32 Section 7.01 Certain Duties and Responsibilities....................................................34 SECTION 8.2 ............................................ 32 Section 7.02 Notice of Defaults; Direct Action by Securityholders........................... 33 Section 7.03 Certain Notices........................................................................36 SECTION 8.3 Certain: Rights of Property Trustee....................................................36 SECTION 8.4 ............................................. 33 Section 7.04 Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 ......................... 34 Section 7.05 May Hold Securities....................................................................38 SECTION 8.6 ............................................................ 35 Section 7.06 Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 Corporate Property Trustee .................................................. 35 Section 7.07 Certain Trustees Required; Eligibility of Trustees...........................40 SECTION 8.8 ............................. 36 Section 7.08 Conflicting Interests..................................................................40 SECTION 8.9 .......................................................... 36 Section 7.09 Co-Trustees and Separate Trustee.......................................................40 SECTION 8.10 ............................................... 36 Section 7.10 Resignation and Removal; Appointment of Successor......................................42 SECTION 8.11 .............................. 38 Section 7.11 Acceptance of Appointment by Successor.................................................43 SECTION 8.12 ......................................... 39 Section 7.12 Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 .................... 40 Section 7.13 Preferential Collection of Claims Against Depositor or Trust...........................44 SECTION 8.14 ................... 40 Section 7.14 Reports by Property Trustee............................................................45 SECTION 8.15 .................................................... 40 Section 7.15 Reports to the Property Trustee........................................................46 SECTION 8.16 ................................................ 40 Section 7.16 Evidence of Compliance with Conditions Precedent.......................................46 SECTION 8.17............................... 41 Section 7.17 Statements Required in Officer's Certificate and Opinion of Counsel............ 41 Section 7.18 Number of Regular Trustees..................................................... 41 Section 7.19 Delegation of Power............................................................ 42 Section 7.20 Voting......................................................................... 42

The Trustees. 34 SECTION 8.1 26 Section 7.01. Certain Duties and Responsibilities....................................................34 SECTION 8.2 ........................26 Section 7.02. Notice of Defaults; Direct Action by Securityholders.......27 Section 7.03. Certain Notices........................................................................36 SECTION 8.3 Certain: Rights of Property Trustee....................................................36 SECTION 8.4 .........................28 Section 7.04. Not Responsible for Recitals or Issuance of Securities.................................38 SECTION 8.5 .....29 Section 7.05. May Hold Securities....................................................................38 SECTION 8.6 ........................................30 Section 7.06. Compensation; Indemnity; Fees..........................................................39 SECTION 8.7 ..............................30 Section 7.07. Corporate Property Trustee Required; Eligibility of Trustees...........................40 SECTION 8.8 ....................................30 Section 7.08. Conflicting Interests..................................................................40 SECTION 8.9 ......................................31 Section 7.09. Co-Trustees and Separate Trustee.......................................................40 SECTION 8.10 ...........................31 Section 7.10. Resignation and Removal; Appointment of Successor......................................42 SECTION 8.11 ..........32 Section 7.11. Acceptance of Appointment by Successor.................................................43 SECTION 8.12 .....................34 Section 7.12. Merger, Conversion, Consolidation or Succession to Business............................44 SECTION 8.13 .....................................34 Section 7.13. Preferential Collection of Claims Against Depositor or Trust...........................44 SECTION 8.14 .........................................34 Section 7.14. Reports by Property Trustee............................................................45 SECTION 8.15 ................................34 Section 7.15. Reports to the Property Trustee........................................................46 SECTION 8.16 ............................35 Section 7.16. Evidence of Compliance with Conditions Precedent.......................................46 SECTION 8.17...........35 Section 7.17. Statements Required in Officers' Certificate and Opinion of Counsel.........................................35 Section 7.18.

The Trustees. 34 SECTION 8.1 8.1. Certain Duties and Responsibilities....................................................34 ................................................................35 SECTION 8.2 8.2. Certain Notices........................................................................36 ....................................................................................37 SECTION 8.3 Certain: 8.3. Certain Rights of Property Trustee....................................................36 .................................................................37 SECTION 8.4 8.4. Not Responsible for Recitals or Issuance of Securities.................................38 .............................................39 SECTION 8.5 8.5. May Hold Securities....................................................................38 ................................................................................39 SECTION 8.6 8.6. Compensation; Indemnity; Fees................................................................................................................................39 SECTION 8.7 8.7. Corporate Property Trustee Required; Eligibility of Trustees..................................................................40 SECTION 8.8 8.8. Conflicting Interests..................................................................40 ..............................................................................41 SECTION 8.9 8.9. Co-Trustees and Separate Trustee.......................................................40 ...................................................................41 SECTION 8.10 8.10. Resignation and Removal; Appointment of Successor........................................................................................42 SECTION 8.11 8.11. Acceptance of Appointment by Successor.................................................43 .............................................................44 SECTION 8.12 8.12. Merger, Conversion, Consolidation or Succession to Business............................44 ...........................................................................45 SECTION 8.13 8.13. Preferential Collection of Claims Against Depositor or Trust...........................44 ...........................................................................45 SECTION 8.14 8.14. Reports by Property Trustee............................................................45 ........................................................................46 SECTION 8.15 8.15. Reports to the Property Trustee...................................................................................................................46 SECTION 8.16 8.16. Evidence of Compliance with Conditions Precedent.................................................................................46 SECTION 8.17.

The Trustees. 34 SECTION Section 8.1 Duties, Responsibilities and Limitation of Liability..................................34 Section 8.2 Notices...............................................................................36 Section 8.3 Certain Duties and Responsibilities....................................................34 SECTION 8.2 Certain Notices........................................................................36 SECTION 8.3 Certain: Rights of Property Trustee....................................................36 SECTION 37 Section 8.4 Not Responsible for Recitals or Issuance of Securities.................................38 SECTION ................................39 Section 8.5 May Hold Securities....................................................................38 SECTION ...................................................................39 Section 8.6 Compensation; Indemnity; Fees...................................................................................................................39 SECTION Section 8.7 Corporate Property Trustee Required; Eligibility of Trustees.....................................................40 SECTION Section 8.8 Conflicting Interests...................................................................................................................................40 SECTION Section 8.9 Co-Trustees and Separate Trustee.............................................................................................................40 SECTION Section 8.10 Resignation and Removal; Appointment of Successor...........................................................................42 SECTION Section 8.11 Acceptance of Appointment by Successor.................................................................................................43 SECTION Section 8.12 Merger, Conversion, Consolidation or Succession to Business.......................................................44 SECTION Section 8.13 Preferential Collection of Claims Against Depositor or Trust.....................................................44 SECTION Section 8.14 Reports by Property Trustee.......................................................................................................................45 SECTION Section 8.15 Reports to the Property Trustee........................................................46 SECTION .......................................................45 Section 8.16 Evidence of Compliance with Conditions Precedent.............................................................................45 Section 8.17 Number of Trustees....................................................................45 Section 8.18 Delegation of Power...................................................................46 SECTION 8.17Section 8.19 Enforcement of Rights of Property Trustee by Securityholders..........................46

The Trustees. 34 SECTION 8.1 35 Section 8.1. Certain Duties and Responsibilities....................................................34 SECTION 8.2 .............................................. 35 Section 8.2. Certain Notices.......................................................................................................................................... 36 SECTION 8.3 Certain: Section 8.3. Certain Rights of Property Trustee................................................................................................... 36 SECTION 8.4 Section 8.4. Not Responsible for Recitals or Issuance of Securities............................................................ 38 SECTION 8.5 Section 8.5. May Hold Securities....................................................................38 SECTION 8.6 .............................................................. 39 Section 8.6. Compensation; Indemnity; Fees.............................................................................................................. 39 SECTION 8.7 Section 8.7. Corporate Property Trustee Required; Eligibility of Trustees................................................ 40 SECTION 8.8 Section 8.8. Conflicting Interests.............................................................................................................................. 40 SECTION 8.9 Section 8.9. Co-Trustees and Separate Trustee.......................................................40 SECTION 8.10 ................................................. 41 -ii- TABLE OF CONTENTS (continued) PAGE Section 8.10. Resignation and Removal; , Appointment of Successor...................................................................... 42 SECTION 8.11 Section 8.11. Acceptance of Appointment by Successor............................................................................................ 43 SECTION 8.12 Section 8.12. Merger, Conversion, Consolidation or Succession to Business.................................................. 44 SECTION 8.13 Section 8.13. Preferential Collection of Claims Against TECO, Depositor or Trust.......................................... 44 SECTION 8.14 Section 8.14. Reports by the Property Trustee............................................................45 SECTION 8.15 .................................................. 44 Section 8.15. Reports to the Property Trustee........................................................46 SECTION 8.16 .................................................. 44 Section 8.16. Evidence of Compliance with Conditions Precedent.......................................46 SECTION 8.17................................. 44