The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s name pursuant to Section 5.5. (b) Upon their original issuance, Capital Securities Certificates shall be issued in the form of one or more fully registered Global Capital Securities Certificates which will be deposited with or on behalf of the Depositary and registered in the name of the Depositary’s nominee. Unless and until it is exchangeable in whole or in part for the Capital Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor. (c) Common Securities Certificates representing the Common Securities shall be issued to the Depositor in the form of one or more definitive Common Securities Certificates.
Appears in 6 contracts
Sources: Trust Agreement, Trust Agreement (Morgan Stanley), Trust Agreement (Morgan Stanley)
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Securities Certificates shall be issued in the form of one or more fully registered Global Capital Securities Certificates which will be deposited with or on behalf of the Depositary and registered in the name of the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 6 contracts
Sources: Trust Agreement (Equitable Resources Capital Trust I), Trust Agreement (Equitable Resources Capital Trust I), Trust Agreement (Morgan Stanley Dean Witter & Co)
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one AdministratorAdministrator except as provided in Section 5.3. Trust Securities Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Preferred Securities Certificates shall be issued in the form of one or more fully registered Global Capital Preferred Securities Certificates which will be deposited with or on behalf of the Depositary and registered in the name of the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Preferred Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 3 contracts
Sources: Trust Agreement (Aici Capital Trust), Trust Agreement (Aici Capital Trust), Trust Agreement (First Empire Capital Trust Ii)
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 1,000 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Securities Certificates shall be issued in the form of one or more fully registered Global Capital Securities Certificates which will be deposited with or on behalf of the Depositary and registered in the name of the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 3 contracts
Sources: Trust Agreement (First Empire Capital Trust I), Trust Agreement (First Empire Capital Trust Ii), Trust Agreement (First Empire State Corp)
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one AdministratorAdministrative Trustee except as provided in Section 5.3. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate Certificates in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Preferred Securities Certificates shall be issued in the form of one or more fully registered Global Capital Preferred Securities Certificates which will be deposited with or on behalf of the Depositary and registered in the name of the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Preferred Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 3 contracts
Sources: Trust Agreement (Eagle Bancshares Inc), Trust Agreement (Eagle Bancshares Inc), Trust Agreement (Franklin Capital Trust I)
The Trust Securities Certificates. (a) The Trust Capital Securities Certificates shall be issued in multiples of $25 and fully registered form. The Trust Securities Certificates shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one AdministratorAdministrator except as provided in Section 5.3. Trust Securities Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Securities Certificates shall be issued in the form of one or more fully registered Global Capital Securities Certificates which will be registered in the name of Cede as -26- Depositary's nominee and deposited with or on behalf of Depositary for credit by Depositary to the Depositary and registered in the name respective accounts of the Depositary’s nomineeOwners thereof (or such other accounts as they may direct). Unless and until it is exchangeable Except as set forth herein, record ownership of the Global Capital Securities may be transferred, in whole or in part for the Capital Securities in definitive formpart, a global security may not be transferred except as a whole by the Depositary only to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary Depository or a nominee of such successorits nominee.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 3 contracts
Sources: Trust Agreement (Fidbank Capital Trust I), Trust Agreement (Fidbank Capital Trust I), Trust Agreement (Fidelity Bancshares Nc Inc /De/)
The Trust Securities Certificates. (a) The Trust Preferred Securities Certificates shall be issued in minimum denominations of $10 Liquidation Amount and integral multiples of $25 10 in excess thereof, and the Common Securities Certificates shall be issued in denominations of $10 Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Issuer Trust by manual manual, facsimile or facsimile imprinted signature of at least one AdministratorAdministrative Trustee and the Property Trustee shall authenticate and register the Preferred Securities Certificates, except as provided in Section 503. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a HolderSecurityholder, and shall be entitled to the rights and subject to the obligations of a Holder Securityholder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.Sections 504 and 511A.
(b) Upon their original issuance, Capital Preferred Securities Certificates shall be issued in the form of one or more fully registered Global Capital Preferred Securities Certificates which will be deposited with or on behalf of the Depositary and registered in the name of the Depositary or Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Preferred Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 3 contracts
Sources: Trust Agreement (Metropolitan Financial Corp /Oh/), Trust Agreement (Metropolitan Capital Trust I), Trust Agreement (Metropolitan Capital Trust Ii)
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator, except as provided in Section 5.3. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Preferred Securities Certificates shall be issued in the form of one or more fully registered Global Capital Preferred Securities Certificates which will be deposited with or on behalf of Cede as the Depositary Depositary's nominee and registered in the name of Cede as the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Preferred Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 3 contracts
Sources: Trust Agreement (Provident Trust Ii), Trust Agreement (Gbci Capital Trust Ii), Trust Agreement (First United Corp/Md/)
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and fully registered form. The Trust Securities Certificates shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator. Trust Securities Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s name pursuant to Section 5.5.
(b) Upon their original issuance, Preferred Capital Securities Certificates shall be issued in the form of one or more fully registered Global Preferred Capital Securities Certificates which will be Certificates, registered in the name of Cede as the Depositary’s nominee and deposited with or on behalf of Depositary for credit by Depositary to the Depositary and registered in the name respective accounts of the Depositary’s nomineeOwners thereof (or such other accounts as they may direct). Unless and until it is exchangeable Except as set forth herein, record ownership of the Global Preferred Capital Securities may be transferred, in whole or in part for the Capital Securities in definitive formpart, a global security may not be transferred except as a whole by the Depositary only to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary the Depository or a nominee of such successorits nominee.
(c) A Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 3 contracts
Sources: Declaration of Trust (HMB Capital Trust III), Trust Agreement (Centerstate Banks of Florida Inc), Trust Agreement (SBCF Capital Trust IV)
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Preferred Securities Certificates shall be issued in the form of one or more fully registered Global Capital Preferred Securities Certificates which will be deposited with or on behalf of the Depositary and registered in the name of the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Preferred Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 2 contracts
Sources: Trust Agreement (National Penn Bancshares Inc), Trust Agreement (National Penn Bancshares Inc)
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator. Trust Securities Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Securities Certificates shall be issued in the form of one or more fully registered Global Capital Securities Certificates which will be deposited with or on behalf of Cede as the Depositary Depositary's nominee and registered in the name of Cede as the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 2 contracts
Sources: Trust Agreement (S&t Bancorp Inc), Trust Agreement (M&t Bank Corp)
The Trust Securities Certificates. (a) The Trust Capital Securities Certificates shall be issued in multiples of $25 and fully registered form. The Trust Securities Certificates shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one AdministratorAdministrator except as provided in Section 5.3. Trust Securities Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Securities Certificates shall be issued in the form of one or more fully registered Global Capital Securities Certificates which will be registered in the name of Cede as Depositary's nominee and deposited with or on behalf of Depositary for credit by Depositary to the Depositary and registered in the name respective accounts of the Depositary’s nomineeOwners thereof (or such other accounts as they may direct). Unless and until it is exchangeable Except as set forth herein, record ownership of the Global Capital Securities may be transferred, in whole or in part for the Capital Securities in definitive formpart, a global security may not be transferred except as a whole by the Depositary only to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary Depository or a nominee of such successorits nominee.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 2 contracts
Sources: Trust Agreement (Southern Bancshares Nc Inc), Trust Agreement (MBNK Capital Trust I)
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator, except as provided in Section 5.3. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. The Preferred Securities Certificate shall be issued in minimum denominations of $10 and integral multiples of $10 in excess thereof. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Preferred Securities Certificates shall be issued in the form of one or more fully registered Global Capital Preferred Securities Certificates which will be deposited with or on behalf of Cede as the Depositary Depositary's nominee and registered in the name of Cede as the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Preferred Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 2 contracts
Sources: Trust Agreement (Allegiant Bancorp Inc), Trust Agreement (Allegiant Capital Trust I)
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator. Trust Securities Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Securities Certificates shall be issued in the form of one or more fully registered Global Capital Securities Certificates which will be deposited with or on behalf of Cede as the Depositary Depositary’s nominee and registered in the name of Cede as the Depositary’s nominee. Unless and until it is exchangeable in whole or in part for the Capital Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 2 contracts
Sources: Trust Agreement (M&t Bank Corp), Trust Agreement (S&t Bancorp Inc)
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Securities Certificates shall be issued in the form of one or more fully registered Global Capital Securities Certificates which will be deposited with or on behalf of the Depositary and registered in the name of the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) Common Securities Certificates representing the Common Securities shall be issued to the Depositor in the form of one or more definitive Common Securities Certificates.
Appears in 2 contracts
Sources: Trust Agreement (Morgan Stanley Dean Witter & Co), Trust Agreement (Morgan Stanley)
The Trust Securities Certificates. (a) The Trust Preferred Securities Certificates shall be issued in minimum denominations of $10 Liquidation Amount and integral multiples of $25 10 in excess thereof, and the Common Securities Certificates shall be issued in denominations of $10 Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Issuer Trust by manual manual, facsimile or facsimile imprinted signature of at least one AdministratorAdministrative Trustee and the Property Trustee shall authenticate and register the Preferred Securities Certificates. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a HolderSecurityholder, and shall be entitled to the rights and subject to the obligations of a Holder Securityholder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.Sections 504 and 511A.
(b) Upon their original issuance, Capital Preferred Securities Certificates shall be issued in the form of one or more fully registered Global Capital Preferred Securities Certificates which will be deposited with or on behalf of the Depositary and registered in the name of the Depositary or Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Preferred Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 2 contracts
Sources: Trust Agreement (Crescent Capital Trust I), Trust Agreement (Apab Capital Trust I)
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one AdministratorAdministrator except as provided in Section 5.3. Trust Securities Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Securities Certificates shall be issued in the form of one or more fully registered Global Capital Securities Certificates which will be deposited with or on behalf of Cede as the Depositary Depositary's nominee and registered in the name of the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 1 contract
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and fully registered form. The Trust Securities Certificates shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator. Trust Securities Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s name pursuant to Section 5.5.
(b) Upon their original issuance, Preferred Capital Securities Certificates shall be issued in the form of one or more fully registered Global Preferred Capital Securities Certificates which will be Certificates, registered in the name of [ ] as the Depositary’s nominee and deposited with or on behalf of Depositary for credit by Depositary to the Depositary and registered in the name respective accounts of the Depositary’s nomineeOwners thereof (or such other accounts as they may direct). Unless and until it is exchangeable Except as set forth herein, record ownership of the Global Preferred Capital Securities may be transferred, in whole or in part for the Capital Securities in definitive formpart, a global security may not be transferred except as a whole by the Depositary only to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary the Depository or a nominee of such successorits nominee.
(c) A Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
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The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust Success Capital by manual or facsimile signature of at least one AdministratorAdministrative Trustee except as provided in Section 5.3. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer TrustSuccess Capital, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Preferred Securities Certificates shall be issued in the form of one or more fully registered Global Capital Preferred Securities Certificates which will be deposited with or on behalf of the Depositary and registered in the name of the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Preferred Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor Success Bancshares in the form of one or more a definitive Common Securities CertificatesCertificate.
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The Trust Securities Certificates. (a) The Trust Capital Securities Certificates shall be issued in fully registered form in minimum blocks of at least 100 (representing a minimum of $100,000 aggregate Liquidation Amount and multiples of $25 1,000 in excess thereof), and shall be at all times held in minimum blocks of 100, and the Common Securities Certificates shall be issued in minimum blocks of 100 (representing a minimum of $100,000 aggregate Liquidation Amount). The Trust Securities Certificates shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.. - 26 - 34
(b) Upon their original issuance, Capital Securities Certificates representing Rule 144A Capital Securities shall be issued in the form of one or more fully registered Global Capital Securities Certificates which will be deposited with or on behalf of Cede as the Depositary Depositary's nominee and registered in the name of Cede as the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing all of the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 1 contract
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Preferred Securities Certificates shall be issued in the form of one or more fully registered Global Capital Preferred Securities Certificates which will be deposited with or on behalf of Cede as the Depositary Depositary's nominee and registered in the name of Cede as the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Preferred Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 1 contract
The Trust Securities Certificates. (a) The Subject to the provisions of Section 5.3 of this Agreement, the Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement (subject to the authentication requirements of the Trust Agreement), notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Preferred Securities Certificates shall be issued in the form of one or more fully registered Global Capital Preferred Securities Certificates which will be deposited with or on behalf of Cede as the Depositary Depositary's nominee and registered in the name of Cede as the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Preferred Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 1 contract
The Trust Securities Certificates. (a) The Trust Preferred Securities Certificates shall be issued in multiples of $25 and fully registered form. The Trust Securities Certificates shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator. Trust Securities Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Preferred Securities Certificates shall be issued in the form of one or more fully registered Global Capital Preferred Securities Certificates which will be registered in the name of Cede as Depositary's nominee and deposited with or on behalf of Depositary for credit by Depositary to the Depositary and registered in the name respective accounts of the Depositary’s nomineeOwners thereof (or such other accounts as they may direct). Unless and until it is exchangeable Except as set forth herein, record ownership of the Global Preferred Securities may be transferred, in whole or in part for the Capital Securities in definitive formpart, a global security may not be transferred except as a whole by the Depositary only to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary Depository or a nominee of such successorits nominee.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 1 contract
Sources: Trust Agreement (First Citizens Bancshares Inc /De/)
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 __ and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Securities Certificates shall be issued in the form of one or more fully registered Global Capital Securities Certificates which will be deposited with or on behalf of the Depositary and registered in the name of the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) Common Securities Certificates representing the Common Securities shall be issued to the Depositor in the form of one or more definitive Common Securities Certificates.
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The Trust Securities Certificates. (a) The Trust Preferred Securities Certificates shall be issued in minimum denominations of $10 Liquidation Amount and integral multiples of $25 10 in excess thereof, and the Common Securities Certificates shall be issued in denominations of $10 Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one AdministratorAdministrative Trustee. Trust Securities Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a HolderSecurityholder, and shall be entitled to the rights and subject to the obligations of a Holder Securityholder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5Sections 504 and 511.
(b) Upon their original issuance, Capital Preferred Securities Certificates shall be issued in the form of one or more fully registered Global Capital Preferred Securities Certificates which will be deposited with or on behalf of the Depositary and registered in the name of the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Preferred Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 1 contract
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator, except as provided in Section 5.3. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Preferred Securities Certificates shall be issued in the form of one or more fully registered Global Capital Preferred Securities Certificates which will be deposited with or on behalf of Cede as the Depositary Depositary’s nominee and registered in the name of Cede as the Depositary’s nominee. Unless and until it is exchangeable in whole or in part for the Capital Preferred Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
Appears in 1 contract
Sources: Trust Agreement (American Safety Insurance Group LTD)
The Trust Securities Certificates. (a) The Trust Preferred Securities Certificates shall be issued in minimum denominations of $10 Liquidation Amount and integral multiples of $25 10 in excess thereof, and the Common Securities Certificates shall be issued in denominations of $10 Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Issuer Trust by manual manual, facsimile or facsimile imprinted signature of at least one AdministratorAdministrative Trustee and the Property Trustee shall authenticate and register the Preferred Securities Certificates, except as provided in Section 503. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a HolderSecurityholder, and shall be entitled to the rights and subject to the obligations of a Holder Securityholder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.Sections 504 and 511A.
(b) Upon their original issuance, Capital Preferred Securities Certificates shall be issued in the form of one or more fully registered Global Capital Preferred Securities Certificates which will be deposited with or on behalf of the Depositary and registered in the name of the Depositary or Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Preferred Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities Certificates.Certificate. -24- 33
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The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Securities Certificates shall be issued in the form of one or more fully registered Global Capital Securities Certificates which will be deposited with or on behalf of the Depositary and registered in the name of the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) Common Securities Certificates representing the Common Securities shall be issued to the Depositor in the form of one or more definitive Common Securities Certificates.
Appears in 1 contract
Sources: Trust Agreement (Morgan Stanley Capital Trust VIII)
The Trust Securities Certificates. (a) The Trust Securities Certificates shall be issued in multiples of $25 and shall be executed on behalf of the Issuer Trust by manual or facsimile signature of at least one Administrator, except as provided in Section 5.3. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. The Preferred Securities Certificate shall be issued in minimum denominations of $25 and integral multiples of $25 in excess thereof. A transferee of a Trust Securities Certificate shall become a Holder, and shall be entitled to the rights and subject to the obligations of a Holder hereunder, upon due registration of such Trust Securities Certificate in such transferee’s 's name pursuant to Section 5.5.
(b) Upon their original issuance, Capital Preferred Securities Certificates shall be issued in the form of one or more fully registered Global Capital Preferred Securities Certificates which will be deposited with or on behalf of Cede as the Depositary Depositary's nominee and registered in the name of Cede as the Depositary’s 's nominee. Unless and until it is exchangeable in whole or in part for the Capital Preferred Securities in definitive form, a global security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of such Depositary or a nominee of such successor.
(c) A single Common Securities Certificates Certificate representing the Common Securities shall be issued to the Depositor in the form of one or more a definitive Common Securities CertificatesCertificate.
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