Trust Preferred Securities Non-Assessable and Fully Paid. The Holders of the Trust Preferred Securities shall not be personally liable for obligations of the Trust, the interests in the Trust represented by the Trust Preferred Securities shall be non-assessable for any losses or expenses of the Trust or for any reason whatsoever, and the Trust Preferred Securities upon delivery thereof by the Trustee pursuant to this Trust Agreement are and shall be deemed fully paid.
Appears in 8 contracts
Samples: Trust Agreement (UBS Preferred Funding Trust VIII), Trust Agreement (UBS Preferred Funding Trust VIII), Trust Agreement (Ubs Preferred Funding Trust Iv)
Trust Preferred Securities Non-Assessable and Fully Paid. The Holders of the Trust Preferred Securities shall not be personally liable for obligations of the TrustTrust to the fullest extent permitted by law, the interests in the Trust represented by the Trust Preferred Securities shall be non-assessable for any losses or expenses of the Trust or for any reason whatsoever, and the Trust Preferred Securities upon delivery thereof by the Trustee pursuant to this Trust Agreement are and shall be deemed fully paid.
Appears in 7 contracts
Samples: Trust Agreement (Credit Suisse (Usa) Inc), Trust Agreement (Credit Suisse Group), Trust Agreement (Credit Suisse Group)
Trust Preferred Securities Non-Assessable and Fully Paid. The Holders of the Trust Preferred Securities shall not be personally liable for obligations of the Trust, the interests in the Trust represented by the Trust Preferred Securities shall be non-non- assessable for any losses or expenses of the Trust or for any reason whatsoever, and the Trust Preferred Securities upon delivery thereof by the Trustee pursuant to this Trust Agreement are and shall be deemed fully paid.
Appears in 1 contract
