Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 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 189 contracts
Sources: Trust Agreement (Paragon Commercial CORP), Trust Agreement (Entegra Financial Corp.), Trust Agreement (Wilshire Bancorp Inc)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred pursuant to in Section 2.3 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 58 contracts
Sources: Trust Agreement (Actuant CORP Capital Trust II), Trust Agreement (Mbna Corp), Trust Agreement (Wec Capital Trust Ii)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred pursuant to in Section 2.3 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 28 contracts
Sources: Trust Agreement (Susquehanna Bancshares Inc), Trust Agreement (Susquehanna Capital IV), Trust Agreement (Countrywide Financial Corp)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred pursuant to in Section 2.3 2.03 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 24 contracts
Sources: Trust Agreement (Southwest Gas Corp), Trust Agreement (Bridge Bancorp Inc), Trust Agreement (Entergy Gulf States Inc)
Initial Ownership. Upon the creation formation of the Trust and by the contribution by the Depositor referred pursuant to in Section 2.3 2.05 and until the conveyance of the Mortgage Loans pursuant to Section 3.01 and the issuance of the Trust SecuritiesCertificates, and at any time during which no Trust Securities are Outstandingthereafter except as otherwise permitted hereunder, the Depositor shall be the sole beneficial owner of the Trustowner.
Appears in 18 contracts
Sources: Trust Agreement (Renaissance Home Equity Loan Trust 2007-2), Trust Agreement (Renaissance Home Equity Loan Trust 2007-1), Trust Agreement (Renaissance Home Equity Loan Trust 2006-3)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred pursuant to in Section 2.3 2.03 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 17 contracts
Sources: Trust Agreement (Maui Electric Co LTD), Trust Agreement (Tompkins Financial Corp), Trust Agreement (Hawaiian Electric Co Inc)
Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor referred to in Section 2.3 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 13 contracts
Sources: Trust Agreement (Sce Trust I), Trust Agreement (Sce Trust I), Trust Agreement (Sce Trust I)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 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 11 contracts
Sources: Merger Agreement (Capital Senior Living Corp), Trust Agreement (Dayton Superior Capital Trust), Trust Agreement (Merry Land Capital Trust)
Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor referred to in Section 2.3 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 7 contracts
Sources: Declaration of Trust (Boise Cascade Corp), Declaration of Trust (Superior Trust I), Trust Agreement (Host Marriott Corp/Md)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred pursuant to in Section 2.3 hereof 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 5 contracts
Sources: Trust Agreement (Alabama National Bancorporation), Trust Agreement (San Rafael Bancorp), Trust Agreement (United Bancorporation of Alabama Inc)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 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 5 contracts
Sources: Trust Agreement (Mbna Corp), Trust Agreement (Ingersoll Rand Co), Trust Agreement (Mbna Corp)
Initial Ownership. Upon the creation of the Trust and by the contribution by the Depositor referred pursuant to in Section 2.3 2.03 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 4 contracts
Sources: Trust Agreement (Omnicare Inc), Trust Agreement (Omnicare Capital Trust Ii), Trust Agreement (Omnicare Inc)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 2.5 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 3 contracts
Sources: Trust Agreement (National City Corp), Trust Agreement (National City Corp), Trust Agreement (National City Corp)
Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor referred to in Section 2.3 execution of the Original Trust Agreement and until the issuance of the Trust Securities, and at any time during which no Trust Securities are OutstandingCertificates, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 3 contracts
Sources: Trust Agreement (Regions Acceptance LLC Regions Auto Receivables Tr 2003-2), Trust Agreement (Regions Auto Receivables Trust 2003-1), Trust Agreement (Regions Auto Receivables Trust 2002-1)
Initial Ownership. Upon the creation of the Trust and the ----------------- contribution by the Depositor referred to in Section SECTION 2.3 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 2 contracts
Sources: Trust Agreement (DPL Inc), Trust Agreement (DPL Inc)
Initial Ownership. Upon the creation of the Trust and by the contribution by the Depositor referred to in Section 2.3 2.03 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 2 contracts
Sources: Trust Agreement (Midamerican Energy Financing Ii), Trust Agreement (Midamerican Energy Financing Ii)
Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor referred to in Section 2.3 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 2 contracts
Sources: Declaration of Trust (Commonwealth Bankshares Inc), Declaration of Trust (Commonwealth Bankshares Inc)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 and until the issuance of the Trust Securities, and at At any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 2 contracts
Sources: Trust Agreement (Easy Gardener Products LTD), Trust Agreement (Us Home & Garden Trust I)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 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 2 contracts
Sources: Trust Agreement (Aon Corp), Trust Agreement (Dominion Resources Inc /Va/)
Initial Ownership. Upon the creation of the Trust and the ----------------- contribution by the Depositor referred pursuant to in Section 2.3 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
Sources: Trust Agreement (Abc Bancorp Capital Trust I), Trust Agreement (Abc Bancorp Capital Trust I)
Initial Ownership. Upon the creation formation of the Trust and by the ----------------- contribution by the Depositor referred pursuant to in Section 2.3 2.03 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 2 contracts
Sources: Trust Agreement (Duke Capital Financing Trust Iii), Trust Agreement (Duke Energy Capital Trust Ii)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 and until 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
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 and until 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
Sources: Trust Agreement (Rouse Company)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 and until 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 1 contract
Initial Ownership. Upon the creation of the Trust and ------------------ the contribution by the Depositor referred pursuant to in Section 2.3 2.03 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
Sources: Trust Agreement (SJG Capital Trust)
Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor referred pursuant to in Section 2.3 and until the issuance of the Trust Preferred Securities, and at any time during which no Trust Preferred Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Sources: Trust Agreement (GBB Capital I)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 2.03 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
Initial Ownership. Upon the creation of the Trust by the execution of the Original Trust Agreement and the contribution by filing of the Depositor referred to in Section 2.3 Certificate of Trust with the Secretary of State and until the issuance of the Trust Securities, and at any time during which no Trust Securities are OutstandingCertificates, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Initial Ownership. Upon the creation formation of the Trust by the execution of the Original Trust Agreement and the contribution by filing of the Depositor referred to in Section 2.3 Certificate of Trust with the Secretary of State and until the issuance of the Trust Securities, and at any time during which no Trust Securities are OutstandingCertificates, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Sources: Trust Agreement (National City Auto Receivables Trust 2002-A)
Initial Ownership. Upon the creation of the Trust and the ----------------- contribution by the Depositor referred pursuant to in Section 2.3 203 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 1 contract
Initial Ownership. Upon the creation of the Trust by the execution of the Original Trust Agreement and the contribution by filing of the Depositor referred to in Section 2.3 Certificate of Trust with the Secretary of State and until the issuance of the Trust Securities, and at any time during which no Trust Securities are OutstandingCertificates, the Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
Sources: Trust Agreement (National City Auto Receivables Trust 2004-A)
Initial Ownership. Upon the creation of the Trust and the contribution to the initial Trust Property by the Depositor referred pursuant to in Section 2.3 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
Sources: Trust Agreement (Integon Capital I)
Initial Ownership. Upon the creation of the Trust and ----------------- by the contribution by the Depositor referred pursuant to in Section 2.3 2.03 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
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 and until the issuance of the Trust Preferred Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be the sole beneficial owner of the TrustTrust Securities.
Appears in 1 contract
Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor referred pursuant to in Section 2.3 of the Original Trust Agreement and until the issuance of the Trust SecuritiesSecurities pursuant to the Original Trust Agreement, the Depositor was, and at any time during which no Trust Securities are Outstandingoutstanding, the Depositor shall be be, the sole beneficial owner of the Trust.
Appears in 1 contract
Initial Ownership. Upon the creation formation of the Trust and the ----------------- contribution by the Depositor referred pursuant to in Section 2.3 2.03 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
Sources: Trust Agreement (PMC Capital I)
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 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 1 contract
Sources: Trust Agreement (Alcoa Trust I)
Initial Ownership. Upon Subsequent to the creation of the Trust and the contribution by the Initial Depositor referred pursuant to in Section 2.3 and until the issuance of the Trust Securities2.3, 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
Initial Ownership. Upon the creation formation of the Trust and the contribution by the Depositor referred to in Section 2.3 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 1 contract
Initial Ownership. Upon the creation of the Trust and the contribution by the Depositor referred to in Section 2.3 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 1 contract
Sources: Trust Agreement (First Banks, Inc)
Initial Ownership. Upon From the creation formation of the Trust and the contribution by the Depositor referred pursuant to in Section 2.3 the Original Declaration and until the issuance of the Trust SecuritiesSecurities the Depositor has been, and at any time during which no Trust Securities are Outstanding, outstanding the Depositor shall be be, the holder of the sole beneficial owner of interest in the Trust.
Appears in 1 contract
Sources: Trust Agreement (Metrocorp Inc)
Initial Ownership. Upon the creation formation of the Trust and the contribution by the Initial Depositor referred pursuant to in Section 2.3 2.03 and until the issuance of the Trust Securities, and at any time during which no Trust Securities are Outstandingoutstanding, the Initial Depositor shall be the sole beneficial owner of the Trust.
Appears in 1 contract