Common use of Warranty as to Receipts Clause in Contracts

Warranty as to Receipts. The Corporation hereby represents and warrants that the Receipts, when issued, will represent legal and valid interests in the Depositary Shares, and each Depositary Share will represent one 1/40th interest in a share of deposited Stock. Such representation and warranty shall survive the deposit of the Stock and the issuance of the Receipts.

Appears in 13 contracts

Samples: Deposit Agreement (Merchants Bancorp), Deposit Agreement (Merchants Bancorp), Deposit Agreement (Merchants Bancorp)

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Warranty as to Receipts. The Corporation hereby represents and warrants that the Receipts, when issued, will represent legal and valid interests in the Depositary Shares, and each Depositary Share will represent one 1/40th one-thousandth interest in a share of deposited Stock. Such representation and warranty shall survive the deposit of the Stock and the issuance of the Receipts.

Appears in 12 contracts

Samples: Deposit Agreement (Bank of America Corp /De/), Deposit Agreement (Bank of America Corp /De/), Deposit Agreement (Bank of America Corp /De/)

Warranty as to Receipts. The Corporation hereby represents and warrants that the Receipts, when issued, will represent legal and valid interests in the Depositary Shares, and each Depositary Share will represent one 1/40th one-twenty-fifth interest in a share of deposited Stock. Such representation and warranty shall survive the deposit of the Stock and the issuance of the Receipts.

Appears in 11 contracts

Samples: Deposit Agreement (Bank of America Corp /De/), Deposit Agreement (Bank of America Corp /De/), Deposit Agreement (Bank of America Corp /De/)

Warranty as to Receipts. The Corporation hereby represents and warrants that the Receipts, when issued, will represent legal and valid interests in the Depositary Shares, and each Depositary Share will represent one 1/40th 1/400th interest in a share of deposited Stock. Such representation and warranty shall survive the deposit of the Stock and the issuance of the Receipts.

Appears in 9 contracts

Samples: Deposit Agreement (First Horizon National Corp), Deposit Agreement (First Horizon National Corp), Deposit Agreement (First Horizon National Corp)

Warranty as to Receipts. The Corporation hereby represents and warrants that the Receipts, when issued, will represent legal and valid interests in the Depositary Shares, and each Depositary Share will represent one 1/40th one-[ ] interest in a share of deposited Stock. Such representation and warranty shall survive the deposit of the Stock and the issuance of the Receipts.

Appears in 2 contracts

Samples: Deposit Agreement (BAC Capital Trust XIV), Deposit Agreement (BAC Capital Trust XIV)

Warranty as to Receipts. The Corporation hereby represents and warrants that the Receipts, when issued, will represent legal and valid interests in the Depositary Shares, and each Depositary Share will represent one 1/40th one-[______] interest in a share of deposited Stock. Such representation and warranty shall survive the deposit of the Stock and the issuance of the Receipts.

Appears in 2 contracts

Samples: Deposit Agreement (BAC Capital Trust XIII), Deposit Agreement (BAC Capital Trust XIII)

Warranty as to Receipts. The Corporation Company hereby represents and warrants that the Receipts, when issued, will represent legal and valid interests in the Depositary Shares, Shares and each Depositary Share will represent one 1/40th a legal and valid 1/1,000th fractional interest in a share of deposited StockStock represented by such Depositary Share. Such representation and warranty shall survive the deposit of the Stock and the issuance of the Receipts.

Appears in 2 contracts

Samples: Deposit Agreement (Argo Group International Holdings, Ltd.), Deposit Agreement (CMS Energy Corp)

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Warranty as to Receipts. The Corporation hereby represents and warrants that the Receipts, when issued, will represent legal and valid interests in the Depositary Shares, and each Depositary Share will represent one 1/40th a 1/100th interest in a share of deposited Series V Preferred Stock. Such representation and warranty shall survive the deposit of the Series V Preferred Stock and the issuance of the Receipts.

Appears in 1 contract

Samples: Deposit Agreement (PNC Financial Services Group, Inc.)

Warranty as to Receipts. The Corporation hereby represents and warrants that the Receipts, when issued, will represent legal and valid interests in the Depositary Shares, and each Depositary Share will represent one 1/40th a 1/100th interest in a share of deposited Series W Preferred Stock. Such representation and warranty shall survive the deposit of the Series W Preferred Stock and the issuance of the Receipts.

Appears in 1 contract

Samples: Deposit Agreement (PNC Financial Services Group, Inc.)

Warranty as to Receipts. The Corporation hereby represents and warrants that the Receipts, when issued, will represent legal and valid interests in the Depositary Shares, and each Depositary Share will represent one 1/40th a 1/100th interest in a share of deposited Series T Preferred Stock. Such representation and warranty shall survive the deposit of the Series T Preferred Stock and the issuance of the Receipts.. ARTICLE IV

Appears in 1 contract

Samples: Deposit Agreement (PNC Financial Services Group, Inc.)

Warranty as to Receipts. The Corporation hereby represents and warrants that the Receipts, when issued, will represent legal and valid interests in the Depositary Shares, and each Depositary Share will represent one 1/40th a 1/100th interest in a share of deposited Series U Preferred Stock. Such representation and warranty shall survive the deposit of the Series U Preferred Stock and the issuance of the Receipts.. ARTICLE IV

Appears in 1 contract

Samples: Deposit Agreement (PNC Financial Services Group, Inc.)

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