Transfer of Trust Securities. (a) Trust Securities may only be transferred, in whole or in part, in accordance with the terms and conditions set forth in this Trust Agreement and in the terms of the Trust Securities. To the fullest extent permitted by applicable law, any transfer or purported transfer of any Trust Security not made in accordance with this Trust Agreement shall be null and void. AANAH, as the initial Holder of the Trust Common Securities, shall have the right to transfer the Trust Common Securities to the Guarantor, the Bank or any one or more Qualified Subsidiaries. No Person other than the Guarantor, the Bank, AANAH, or one or more Qualified Subsidiaries is permitted to own the Trust Common Securities.
(b) Subject to this Article 10, Trust Preferred Securities shall be freely transferable.
Transfer of Trust Securities. (a) Trust Securities may only be transferred, in whole or in part, in accordance with the terms and conditions set forth in this Declaration. Any transfer or purported transfer of any Trust Security not made in accordance with this Declaration shall be null and void.
(b) Subject to this Article IX, Preferred Securities shall be freely transferable.
(c) Subject to this Article IX, Time Warner and any Related Party may only transfer Common Securities to Time Warner or a Related Party; provided that any such transfer shall be subject to the condition that the transferor shall have obtained (i) either a ruling from the Internal Revenue Service or an unqualified written opinion addressed to the Trust and delivered to the Trustees of nationally recognized independent tax counsel experienced in such matters to the effect that such transfer will not (A) cause the Trust to be treated as issuing a class of interests in the Trust differing from the class of interests represented by the Common Securities originally issued to Time Warner, (B) result in the Trust acquiring or disposing of, or being deemed to have acquired or disposed of, an asset or (C) result in or cause the Trust to be treated as an association taxable as a corporation or partnership for United States Federal income tax purposes or as anything other than a grantor trust for United States Federal income tax purposes and (ii) an unqualified written opinion addressed to the Trust and delivered to the Trustees of a nationally recognized independent counsel experienced in such matters that such transfer will not cause the Trust to be an Investment Company or controlled by an Investment Company.
Transfer of Trust Securities. (a) Trust Securities may only be transferred, in whole or in part, in accordance with the terms and conditions set forth in this Trust Agreement and in the terms of the Trust Securities. Any transfer or purported transfer of any Trust Security not made in accordance with this Trust Agreement shall be null and void.
(b) Subject to this Article X, Trust Preferred Securities shall be freely transferable.
Transfer of Trust Securities. 47 SECTION 9.2 Transfer Procedures and Restrictions........................................ 49 SECTION 9.3 Deemed Trust Security Holders............................................... 58 SECTION 9.4 Book-Entry Interests........................................................ 58 SECTION 9.5 Notices to Clearing Agency.................................................. 59 SECTION 9.6 Appointment of Successor Clearing Agency.................................... 59
Transfer of Trust Securities. 49 Section 10.02. Transfer of Certificates......................................49 Section 10.03.
Transfer of Trust Securities. 29 Section 9.2 Transfer of Certificates . . . . . . . . . . . . . . . . . . 30 Section 9.3 Deemed Trust Security Holders. . . . . . . . . . . . . . . . 30 Section 9.4 Book-Entry Interests . . . . . . . . . . . . . . . . . . . . 30 Section 9.5
Transfer of Trust Securities. (a) Trust Securities may only be transferred, in whole or in part, in accordance with the terms and conditions set forth in this Declaration and in the terms of the Trust Securities. Any transfer or purported transfer of any Trust Security not made in accordance with this Declaration shall be null and void.
(b) Subject to this Article IX, Preferred Securities shall be freely transferable.
(c) Subject to this Article IX, the Sponsor and any Related Party may only transfer Common Securities to the Sponsor or a Related Party of the Sponsor; PROVIDED THAT, any such transfer is subject to the conditions precedent that the transferor obtain the written opinion of nationally recognized independent counsel experienced in such matters that such transfer would not cause more than an insubstantial risk that: (i) the Trust would not be classified for United States federal income tax purposes as a grantor trust; and
Transfer of Trust Securities. (a) Trust Securities may only be transferred, in whole or in part, in accordance with the terms and conditions set forth in this Declaration and in the terms of the Trust Securities. Any transfer or purported transfer of any Trust Security not made in accordance with this Declaration shall be null and void.
(b) Subject to this Article IX, Capital Securities may only be transferred, in whole or in part, in accordance with the terms and conditions set forth in this Declaration. Any transfer or purported transfer of any Trust Security not made in accordance with this Declaration shall be null and void.
(c) For so long as the Trust Securities remain outstanding, the Sponsor will covenant (i) to directly or indirectly maintain 100% direct or indirect ownership of the Common Securities of the Trust, provided that any permitted successor of the Sponsor under the Indenture may succeed to the Sponsor's ownership of such Common Securities, (ii) not to cause, as sponsor of the Trust, or to permit, as Holder of the Common Securities, the dissolution, winding-up or termination of the Trust, except in connection with a distribution of the Junior Subordinated Debentures as provided in the Declaration and in connection with certain mergers, consolidations or amalgamations permitted by this Declaration and (iii) to use its reasonable efforts to cause the Trust (a) to remain a business trust, except in connection with the distribution of Junior Subordinated Debentures to the Holders of Trust Securities in liquidation of the Trust, the redemption of all of the Trust Securities, or certain mergers, consolidations or amalgamations, each as permitted by this Declaration, and (b) to otherwise continue to be classified as a grantor trust for United States federal income tax purposes.
(d) The Administrative Trustees shall provide for the registration of Trust Securities and of the transfer of Trust Securities, which will be effected without charge but only upon payment (with such indemnity as the Administrative Trustees may require) in respect of any tax or other governmental charges that may be imposed in relation to it. Upon surrender for registration of transfer of any Trust Securities, the Administrative Trustees shall cause one or more new Trust Securities to be issued in the name of the designated transferee or transferees. Every Trust Security surrendered for registration of transfer shall be accompanied by a written instrument of transfer in form satisfactory to the Admini...
Transfer of Trust Securities. (a) Trust Securities may only be transferred, in whole or in part, in accordance with the terms and conditions set forth in this Trust Agreement and in the terms of the Trust Securities. To the fullest extent permitted by applicable law, any transfer or purported transfer of any Trust Security not made in accordance with this Trust Agreement shall be null and void. The Trust Common Securities Owner, as the initial Holder of the Trust Common Securities, shall have the right to transfer the Trust Common Securities to the Guarantor, the Bank or any one or more Qualified Subsidiaries. No Person other than the Bank, Holding, [the Trust Common Securities Owner] or one or more Qualified Subsidiaries is permitted to own the Trust Common Securities.
(b) Subject to this Article 10, Trust Preferred Securities shall be freely transferable.
Transfer of Trust Securities. (a) Trust Securities may only be transferred, in whole or in part, in accordance with the terms and conditions set forth in this Trust Agreement and the terms and conditions set forth in the certificates evidencing Trust Securities. Any transfer or purported transfer of any Trust Security not made in accordance with this Trust Agreement and the Trust Securities shall be null and void.
(b) Subject to this Article X, Trust Preferred Securities shall be freely transferable. To the fullest extent permitted by law, other than a transfer in connection with a consolidation or merger of the Company into another Person or an Asset Drop-Down permitted under Section 9.3 of the Trust Preferred Securities Guarantee in which the successor Person assumes all of the obligations of the Company under this Trust Agreement by instrument of assumption satisfactory to the Property Trustee, any attempted transfer of the Common Securities shall be void. The Regular Trustees shall cause each Common Security Certificate issued to the Company to contain a legend stating "THIS CERTIFICATE IS NOT TRANSFERABLE."
