Common use of Trust Covenants Clause in Contracts

Trust Covenants. The Company shall, for so long as Trust V is in existence: (i) maintain directly or indirectly 100% ownership of the common securities of Trust V, (ii) cause Trust V to remain a statutory trust and not to be voluntarily dissolved, wound-up, liquidated or terminated, except as provided for in the Declaration, (iii) use its commercially reasonable efforts to assure that Trust V will not be an “investment company” for purposes of the Investment Company Act of 1940, (iv) take no action that would be reasonably likely to cause Trust V to be classified as an association or a publicly traded partnership taxable as a corporation for United States federal income tax purposes, and (v) agree to pay all debts and obligations (other than with respect to the securities issued by Trust V) and all costs and expenses of Trust V (including, but not limited to, all costs and expenses relating to the organization of Trust V, the fees and expenses of the trustees and all costs and expenses relating to the operation of Trust V ) and to pay any and all taxes, duties, assessments or governmental charges of whatever nature (other than withholding taxes) imposed on Trust V by the United States, or any other taxing authority, so that the net amounts received and retained by Trust V after paying such expenses will be equal to the amounts Trust V would have received had no such costs or expenses been incurred by or imposed on the Trust V. The foregoing obligations of the Company are for the benefit of, and shall be enforceable by, any Person to whom any such debts, obligations, costs, expenses and taxes are owed (each, a “Creditor”) whether or not such Creditor has received notice thereof. Any such Creditor may enforce such obligations of the Company directly against the Company, and the Company irrevocable waives any right or remedy to require that any such Creditor take any action against Trust V or any other Person before proceeding against the Company.

Trust Covenants. The Company shall, for so long as Trust V __ is in existence: (i) maintain directly or indirectly 100% ownership of the common securities of Trust V__, (ii) cause Trust V __ to remain a statutory business trust and not to be voluntarily dissolved, wound-up, liquidated or terminated, except as provided for in the Trust __ Declaration, (iii) use its commercially reasonable efforts to assure that Trust V __ will not be an “"investment company” " for purposes of the Investment Company Act of 1940, (iv) take no action that would be reasonably likely to cause Trust V __ to be classified as an association or as a publicly traded partnership taxable as a corporation for United States federal income tax purposes, and (v) agree to pay all debts and obligations (other than with respect to the securities issued by Trust V___) and all costs and expenses of Trust V __ (including, but not limited to, all costs and expenses relating to the organization of Trust V__, the fees and expenses of the trustees and all costs and expenses relating to the operation of Trust V __) and to pay any and all taxes, duties, assessments or governmental charges of whatever nature (other than withholding taxes) imposed on Trust V __ by the United States, or any other taxing authority, so that the net amounts received and retained by Trust V __ after paying such expenses will be equal to the amounts Trust V __ would have received had no such costs or expenses been incurred by or imposed on the Trust V. __. The foregoing obligations of the Company are for the benefit of, and shall be enforceable by, any Person to whom any such debts, obligations, costs, expenses and taxes are owed (each, a “"Creditor”") whether or not such Creditor has received notice thereof. Any such Creditor may enforce such obligations of the Company directly against the Company, and the Company irrevocable waives any right or remedy to require that any such Creditor take any action against Trust V __ or any other Person before proceeding against the Company."

Trust Covenants. The Company shall, for so long as Trust V I is in existence: (i) maintain directly or indirectly 100% ownership of the common securities of Trust VI, (ii) cause Trust V I to remain a statutory business trust and not to be voluntarily dissolved, wound-up, liquidated or terminated, except as provided for in the Declaration, (iii) use its commercially reasonable efforts to assure that Trust V I will not be an “"investment company” " for purposes of the Investment Company Act of 1940, (iv) take no action that would be reasonably likely to cause Trust V I to be classified as an association or in a publicly traded partnership taxable as a corporation for United States federal income tax purposes, and (v) agree to pay all debts and obligations (other than with respect to the securities issued by Trust VI) and all costs and expenses of Trust V I (including, but not limited to, all costs and expenses relating to the organization of Trust VI, the fees and expenses of the trustees and all costs and expenses relating to the operation of Trust V I ) and to pay any and all taxes, duties, assessments or governmental charges of whatever nature (other than withholding taxes) imposed on Trust V I by the United States, or any other taxing authority, so that the net amounts received and retained by Trust V I after paying such expenses will be equal to the amounts Trust V I would have received had no such costs or expenses been incurred by or imposed on the Trust V. I. The foregoing obligations of the Company are for the benefit of, and shall be enforceable by, any Person to whom any such debts, obligations, costs, expenses and taxes are owed (each, a “"Creditor”") whether or not such Creditor has received notice thereof. Any such Creditor may enforce such obligations of the Company directly against the Company, and the Company irrevocable waives any right or remedy to require that any such Creditor take any action against Trust V I or any other Person before proceeding against the Company.

Trust Covenants. The Company shall, for so long as Trust V III is in existence: (i) maintain directly or indirectly 100% ownership of the common securities of Trust VIII, (ii) cause Trust V III to remain a statutory trust and not to be voluntarily dissolved, wound-up, liquidated or terminated, except as provided for in the Declaration, (iii) use its commercially reasonable efforts to assure that Trust V III will not be an “"investment company” " for purposes of the Investment Company Act of 1940, (iv) take no action that would be reasonably likely to cause Trust V III to be classified as an association or in a publicly traded partnership taxable as a corporation for United States federal income tax purposes, and (v) agree to pay all debts and obligations (other than with respect to the securities issued by Trust VIII) and all costs and expenses of Trust V III (including, but not limited to, all costs and expenses relating to the organization of Trust VIII, the fees and expenses of the trustees and all costs and expenses relating to the operation of Trust V III) and to pay any and all taxes, duties, assessments or governmental charges of whatever nature (other than withholding taxes) imposed on Trust V III by the United States, or any other taxing authority, so that the net amounts received and retained by Trust V III after paying such expenses will be equal to the amounts Trust V III would have received had no such costs or expenses been incurred by or imposed on the Trust V. III. The foregoing obligations of the Company are for the benefit of, and shall be enforceable by, any Person to whom any such debts, obligations, costs, expenses and taxes are owed (each, a “"Creditor”") whether or not such Creditor has received notice thereof. Any such Creditor may enforce such obligations of the Company directly against the Company, and the Company irrevocable waives any right or remedy to require that any such Creditor take any action against Trust V III or any other Person before proceeding against the Company.

Trust Covenants. The Company shall, for so long as Trust V __ is in existence: (i) maintain directly or indirectly 100% ownership of the common securities of Trust V__, (ii) cause Trust V __ to remain a statutory business trust and not to be voluntarily dissolved, wound-up, liquidated or terminated, except as provided for in the Trust __ Declaration, (iii) use its commercially reasonable efforts to assure that Trust V __ will not be an “"investment company” " for purposes of the Investment Company Act of 1940, (iv) take no action that would be reasonably likely to cause Trust V __ to be classified as an association or as a publicly traded partnership taxable as a corporation for United States federal income tax purposes, and (v) agree to pay all debts and obligations (other than with respect to the securities issued by Trust V__) and all costs and expenses of Trust V __ (including, but not limited to, all costs and expenses relating to the organization of Trust V__, the fees and expenses of the trustees and all costs and expenses relating to the operation of Trust V __) and to pay any and all taxes, duties, assessments or governmental charges of whatever nature (other than withholding taxes) imposed on Trust V __ by the United States, or any other taxing authority, so that the net amounts received and retained by Trust V __ after paying such expenses will be equal to the amounts Trust V __ would have received had no such costs or expenses been incurred by or imposed on the Trust V. __. The foregoing obligations of the Company are for the benefit of, and shall be enforceable by, any Person to whom any such debts, obligations, costs, expenses and taxes are owed (each, a “"Creditor”") whether or not such Creditor has received notice thereof. Any such Creditor may enforce such obligations of the Company directly against the Company, and the Company irrevocable waives any right or remedy to require that any such Creditor take any action against Trust V __ or any other Person before proceeding against the Company."

Trust Covenants. The Company shall, for so long as Trust V IV is in existence: (i) maintain directly or indirectly 100% ownership of the common securities of Trust VIV, (ii) cause Trust V IV to remain a statutory trust and not to be voluntarily dissolved, wound-up, liquidated or terminated, except as provided for in the Declaration, (iii) use its commercially reasonable efforts to assure that Trust V IV will not be an “investment company” for purposes of the Investment Company Act of 1940, (iv) take no action that would be reasonably likely to cause Trust V IV to be classified as an association or a publicly traded partnership taxable as a corporation for United States federal income tax purposes, and (v) agree to pay all debts and obligations (other than with respect to the securities issued by Trust VIV) and all costs and expenses of Trust V IV (including, but not limited to, all costs and expenses relating to the organization of Trust VIV, the fees and expenses of the trustees and all costs and expenses relating to the operation of Trust V IV ) and to pay any and all taxes, duties, assessments or governmental charges of whatever nature (other than withholding taxes) imposed on Trust V IV by the United States, or any other taxing authority, so that the net amounts received and retained by Trust V IV after paying such expenses will be equal to the amounts Trust V IV would have received had no such costs or expenses been incurred by or imposed on the Trust V. IV. The foregoing obligations of the Company are for the benefit of, and shall be enforceable by, any Person to whom any such debts, obligations, costs, expenses and taxes are owed (each, a “Creditor”) whether or not such Creditor has received notice thereof. Any such Creditor may enforce such obligations of the Company directly against the Company, and the Company irrevocable waives any right or remedy to require that any such Creditor take any action against Trust V IV or any other Person before proceeding against the Company.

Trust Covenants. The Company shall, for so long as Trust V II is in existence: (i) maintain directly or indirectly 100% ownership of the common securities of Trust VII, (ii) cause Trust V II to remain a statutory business trust and not to be voluntarily dissolved, wound-up, liquidated or terminated, except as provided for in the Declaration, (iii) use its commercially reasonable efforts to assure that Trust V II will not be an “"investment company” " for purposes of the Investment Company Act of 1940, (iv) take no action that would be reasonably likely to cause Trust V II to be classified as an association or in a publicly traded partnership taxable as a corporation for United States federal income tax purposes, and (v) agree to pay all debts and obligations (other than with respect to the securities issued by Trust VII) and all costs and expenses of Trust V II (including, but not limited to, all costs and expenses relating to the organization of Trust VII, the fees and expenses of the trustees and all costs and expenses relating to the operation of Trust V II ) and to pay any and all taxes, duties, assessments or governmental charges of whatever nature (other than withholding taxes) imposed on Trust V II by the United States, or any other taxing authority, so that the net amounts received and retained by Trust V II after paying such expenses will be equal to the amounts Trust V II would have received had no such costs or expenses been incurred by or imposed on the Trust V. II. The foregoing obligations of the Company are for the benefit of, and shall be enforceable by, any Person to whom any such debts, obligations, costs, expenses and taxes are owed (each, a “"Creditor”") whether or not such Creditor has received notice thereof. Any such Creditor may enforce such obligations of the Company directly against the Company, and the Company irrevocable waives any right or remedy to require that any such Creditor take any action against Trust V II or any other Person before proceeding against the Company.