Trust Securities Certificates. Section 501. Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor pursuant to Section 203 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 9 contracts
Samples: Trust Agreement (Independent Bank Corp /Mi/), Trust Agreement (Ifc Capital Trust Ii), Trust Agreement (Private Bancorp Capital Trust I)
Trust Securities Certificates. Section 501. Initial Ownership. ----------------- Upon the creation of the Trust and the contribution by the Depositor pursuant to Section 203 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Paradigm Capital Trust Ii), Trust Agreement (Paradigm Capital Trust Ii)
Trust Securities Certificates. Section SECTION 501. Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor pursuant to Section 203 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstanding, the Depositor shall be the sole beneficial owner of the Trust.
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Trust Securities Certificates. Section 501. Initial Ownership501 INITIAL OWNERSHIP. Upon the creation of the Trust and the contribution by the Depositor pursuant to Section 203 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstandingOutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Trust Securities Certificates. Section 501. Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor pursuant to Section 203 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are outstandingOutstanding, the Depositor shall be the sole beneficial owner of the Trust.
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