Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 18 contracts
Samples: Trust Agreement (Us Bancorp \De\), Trust Agreement (Us Bancorp \De\), Trust Agreement (Fonovisa Inc)
Title to Property of the Trust. Except as provided in Section 3.8 2.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 17 contracts
Samples: Declaration of Trust (First Community Bancorp /Ca/), Declaration of Trust (State National Bancshares, Inc.), Declaration of Trust (Coast Bancorp/Ca)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures and the Property Trustee Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 14 contracts
Samples: Trust Agreement, Trust Agreement (Allstate Financing X), Trust Agreement (Cox Trust Ii)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures and the Property Trustee Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 14 contracts
Samples: Trust Agreement (ServisFirst Bancshares, Inc.), Trust Agreement (Webster Capital Trust Vi), Trust Agreement (Webster Capital Trust Vi)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures ICONs and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 10 contracts
Samples: Trust Agreement (Merrill Lynch Capital Trust II), Trust Agreement (Us Bancorp \De\), Trust Agreement (Merrill Lynch Capital Trust I)
Title to Property of the Trust. Except as provided in Section 3.8 3.06(c) and Section 3.08 hereof with respect to the Debentures Class B Preferred Securities and the Property Account Accounts or as otherwise provided in this Trust Agreement, legal title to all assets the Trust Estate of the Trust shall be vested in the Trust. The Holders of the Trust Securities shall not have legal title to any part of the assets Trust Estate of the Trust, but shall have an undivided beneficial ownership interest in the assets Trust Estate of the Trust.
Appears in 8 contracts
Samples: Trust Agreement (Deutsche Bank Contingent Capital LLC V), Trust Agreement (Deutsche Bank Aktiengesellschaft), Trust Agreement (Deutsche Bank Capital Funding Trust VIII)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures Trust Property and the Property Trustee Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders A Holder shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 8 contracts
Samples: Trust Agreement (Dte Energy Co), Trust Agreement (Dte Energy Co), Trust Agreement (Dte Energy Co)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures and the Property Trustee Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 5 contracts
Samples: Declaration of Trust (Wachovia Capital Trust Viii), Declaration of Trust (Progress Capital Trust I), Declaration of Trust (Suiza Foods Corp)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 5 contracts
Samples: Indenture (Provident Capital Trust Iii), Declaration of Trust (Provident Capital Trust Iv), Indenture (First Security Capital V)
Title to Property of the Trust. Except as provided in Section 3.8 4.8 with respect to the Debentures Preferred Securities and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided a beneficial ownership interest in the assets certain Preferred Securities pursuant to Section 2.1 of the Trustthis Trust Agreement.
Appears in 4 contracts
Samples: Trust Agreement (Penelec Capital Trust), Trust Agreement (Pennsylvania Electric Co), Trust Agreement (Metropolitan Edison Co)
Title to Property of the Trust. Except as provided in Section ------------------------------ 3.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust Property shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust. The Property Trustee hereby declares that it will hold the Trust Property in trust upon and subject to the conditions set forth herein for the benefit of the Trust and the holders of the Securities.
Appears in 4 contracts
Samples: Trust Agreement (CSX Capital Trust 1), Trust Agreement (Dominion Resources Inc /Va/), Trust Agreement (Consolidated Natural Gas Co/Va)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures and the Property Institutional Trustee Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 3 contracts
Samples: Securities Purchase and Exchange Agreement, Supplemental Indenture (Protective Life Corp), Declaration of Trust (Bay View Capital Corp)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures Notes and the Property Trustee Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Waccamaw Bankshares Inc), Trust Agreement (Nexity Financial Corp)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust Property shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust. The Property Trustee hereby declares that it will hold the Trust Property in trust upon and subject to the conditions set forth herein for the benefit of the Trust and the holders of the Securities.
Appears in 2 contracts
Samples: Trust Agreement (Smithfield Foods Inc), Trust Agreement (CSX Capital Trust 1)
Title to Property of the Trust. Except as provided in Section 3.8 3.08 with respect to the Debentures and the Property Trustee Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 2 contracts
Samples: Issuer Tender Offer Statement, Declaration of Trust (Ohio Casualty Corp)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures Debt Securities and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Compass Bancshares Inc), Trust Agreement (Compass Trust Iii)
Title to Property of the Trust. Except as provided in ------------------------------ Section 3.8 with respect to the Debentures Partnership Preferred Securities and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Hawaiian Electric Industries Inc), Trust Agreement (Hei Preferred Funding L P)
Title to Property of the Trust. Except as provided in Section 3.8 3.10 with respect to the Debentures and the Property Account or as unless otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest interests in the assets of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Acs Trust I), Declaration of Trust (Pogo Trust Ii)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Indymac Bancorp Inc), Trust Agreement (Indymac Bancorp Inc)
Title to Property of the Trust. Except as provided in Section 3.8 3.08 with respect to the Debentures Company Preferred Securities, the Contingent Distribution and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Abn Amro Holding N V), Trust Agreement (Abn Amro Bank Nv)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures Junior Subordinated Notes and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Virginia Electric & Power Co), Trust Agreement (Virginia Electric & Power Co)
Title to Property of the Trust. Except as provided in ------------------------------ Section 3.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust Property shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust. The Property Trustee hereby declares that it will hold the Trust Property upon and subject to the conditions set forth herein for the benefit of the Trust and the holders of the Securities.
Appears in 1 contract
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.the
Appears in 1 contract
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures and the Property Institutional Trustee Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders A Holder shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Title to Property of the Trust. Except as provided in Section 3.8 3.08 with respect to the Subordinated Debentures and the Property Account or as unless otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders of Trust Securities shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Title to Property of the Trust. Except as provided in Section 3.8 3.08 with respect to the Debentures Senior Notes and the Property Trustee Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Title to Property of the Trust. Except as provided in Section 3.8 ------------------------------ 2.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Title to Property of the Trust. Except as provided in Section 3.8 3.08 with respect to the Debentures and the Property Institutional Trustee Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Title to Property of the Trust. Except as provided in Section 3.8 3.08 with respect to the Debentures Subordinated Notes and the Property Account or as unless otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders of Trust Securities shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures and the Property Account or as may be otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the TrustProperty Trustee for the benefit of the Trust and the Holders. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Samples: Declaration of Trust (Sandy Spring Capital Trust I)
Title to Property of the Trust. Except as provided in ------------------------------ Section 3.8 2.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Samples: Declaration of Trust (Community Capital Bancshares Inc)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures Notes and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust Property shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust. The Property Trustee hereby declares that it will hold the Trust Property in trust upon and subject to the conditions set forth herein for the benefit of the Trust and the holders of the Securities.
Appears in 1 contract
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Junior Subordinated Debentures and the Property Trustee Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures and the Property Institutional Trustee Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the TrustTrust as a separate legal entity. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Title to Property of the Trust. Except as provided in Section ----------- ------------------------------ 3.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Title to Property of the Trust. Except as provided in Section Sections 3.6 and 3.8 with respect to the Debentures and the Property Trustee Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Samples: Exchange Agreement (Insignia Financial Group Inc /De/)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust Property shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust. The Property Trustee hereby declares that it will hold the Trust Property in trust upon and subject to the conditions set forth herein for the benefit of the Trust and the holders of the Securities.
Appears in 1 contract
Samples: Trust Agreement (Dominion Resources Capital Trust Iv)
Title to Property of the Trust. Except as provided in Section ------------------------------ 3.8 with respect to the Debentures and the Property Trustee Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Samples: Declaration of Trust (American Equity Investment Life Holding Co)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures Notes and the Property Trustee Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Title to Property of the Trust. Except as provided in Section 3.8 2.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.. Center Bancorp, Inc./Amended and Restated Declaration of Trust/Floating Rate
Appears in 1 contract
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Subordinated Debentures and the Property Trustee Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Title to Property of the Trust. Except as provided in Section ------------------------------ 3.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust Property shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust. The Property Trustee hereby declares that it will hold the Trust Property in trust upon and subject to the conditions set forth herein for the benefit of the Trust and the holders of the Securities.
Appears in 1 contract
Samples: Trust Agreement (Markel Corp)
Title to Property of the Trust. Except as provided in Section 3.8 3.08 with respect to the Debentures Company Securities, the LLC Contingent Distribution and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Samples: Trust Agreement (Abn Amro Bank Nv)
Title to Property of the Trust. Except as provided in Section 3.8 2.8 with respect to the Debentures and the Property Trustee Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Samples: Indenture (Land O Lakes Inc)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Trust Debentures and the Property Trustee Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures Partnership Preferred Securities and the Property Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Samples: Declaration of Trust (Merrill Lynch Preferred Capital Trust Iv)
Title to Property of the Trust. Except as provided in Section 3.8 3.08 with respect to the Debentures Subordinated Notes and the Property Trustee Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Samples: Trust Agreement (Hercules Inc)
Title to Property of the Trust. Except as provided in Section 3.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust AgreementDeclaration, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.
Appears in 1 contract
Samples: Declaration of Trust (Zenith National Insurance Corp)
