Regular Trustees. Each of the Regular Trustees of the Trust is an employee of the Company; the Declaration has been duly executed and delivered by the Regular Trustees and is a valid and binding obligation of each Regular Trustee, enforceable against such Regular Trustee in accordance with its terms except to the extent that enforcement thereof may be limited by the Bankruptcy Exceptions.
Appears in 4 contracts
Sources: Purchase Agreement (Merrill Lynch Preferred Capital Trust Ii), Purchase Agreement (Merrill Lynch Preferred Funding I Lp), Purchase Agreement (Ultramar Diamond Shamrock Corp)
Regular Trustees. Each of the Regular Trustees of the Trust is an employee of the Company; at the Closing Time, the Declaration has will have been duly executed and delivered by the Regular Trustees and is will be a valid and binding obligation of each Regular Trustee, enforceable against such Regular Trustee in accordance with its terms except to the extent that enforcement thereof may be limited by the Bankruptcy Exceptions.
Appears in 2 contracts
Sources: Purchase Agreement (Enron Capital Trust I), Purchase Agreement (Enron Preferred Funding Ii L P)
Regular Trustees. Each of the Regular Trustees of the Trust is ---------------- an employee of the Company; the Declaration has been duly executed and delivered by the Regular Trustees and is a valid and binding obligation of each Regular Trustee, enforceable against such Regular Trustee in accordance with its terms except to the extent that enforcement thereof may be limited by the Bankruptcy Exceptions.
Appears in 1 contract
Sources: Purchase Agreement (Merrill Lynch Preferred Funding Vi L P)
Regular Trustees. Each of the Regular Trustees of the Trust is an employee of or officer of, or affiliated with, AANAH. At the Company; Closing Time, the Declaration has will have been duly executed and delivered by the Regular Trustees and is will be a valid and binding obligation of each Regular Trustee, enforceable against such Regular Trustee in accordance with its terms terms, except to the extent that enforcement thereof may be limited by the Bankruptcy Exceptions.
Appears in 1 contract