Common use of Initial Ownership Clause in Contracts

Initial Ownership. Upon the formation of the Trust and the contribution by the Depositor pursuant to 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 110 contracts

Sources: Trust Agreement (Cna Financial Corp), Trust Agreement (Cna Financial Corp), Trust Agreement (Silicon Valley Bancshares)

Initial Ownership. Upon the formation creation of the Trust and by the contribution by the Depositor pursuant to 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 104 contracts

Sources: Trust Agreement (Omnicare Capital Trust Iii), Trust Agreement (Southwestern Electric Power Co), Trust Agreement (PPL Capital Funding Inc)

Initial Ownership. Upon the formation creation of the Trust and the contribution by the Depositor pursuant to 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 69 contracts

Sources: Trust Agreement (Air T Inc), Trust Agreement (Air T Inc), Trust Agreement (Air T Funding)

Initial Ownership. Upon the formation of the Trust and by the contribution by the Depositor pursuant to 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 26 contracts

Sources: Trust Agreement (HPH Homebuilders 2000 Lp), Trust Agreement (Duke Capital Financing Trust Vi), Trust Agreement (Alabama Power Co)

Initial Ownership. Upon the formation of the Trust and the contribution by the Depositor pursuant to 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 10 contracts

Sources: Trust Agreement (Western Resources Inc /Ks), Trust Agreement (Amerus Capital I), Trust Agreement (Vib Corp)

Initial Ownership. Upon the formation creation of the Trust and the contribution by the Depositor pursuant to Section 2.3 203 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 10 contracts

Sources: Trust Agreement (S Y Bancorp Inc), Trust Agreement (Great Southern Capital Trust I), Trust Agreement (First Preferred Capital Trust Ii)

Initial Ownership. Upon the formation creation of the Trust and the contribution by the Depositor pursuant referred to Section 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 4 contracts

Sources: Trust Agreement (Uici), Trust Agreement (Bankatlantic Bancorp Inc), Trust Agreement (Uici)

Initial Ownership. Upon the formation of the Trust and the contribution by the Depositor pursuant to 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 2 contracts

Sources: Trust Agreement (Nevada Power Co), Trust Agreement (Nevada Power Co)

Initial Ownership. Upon the formation creation of the Trust and the contribution by the Depositor pursuant to Section 2.3 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 1 contract

Sources: Trust Agreement (Southside Capital Trust I)

Initial Ownership. Upon the formation of the Trust and the contribution by the Depositor pursuant to 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 (Ace Ina Holdings Inc)