Common use of The Trust Securities Certificates Clause in Contracts

The Trust Securities Certificates. The Trust Securities Certificates shall be issued in denominations of $25 Liquidation Amount and integral multiples thereof. Subject to Section 2.04 relating to the original issuance of the Preferred Securities Certificate registered in the name of the nominee of the Securities Depository, the Trust Securities Certificates shall be executed on behalf of the Trust by manual or facsimile signature of at least one Administrative Trustee and, if executed on behalf of the Trust by facsimile signature, countersigned by a Transfer Agent or its agent. Trust Securities Certificates bearing the signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust and, if executed on behalf of the Trust by facsimile signature and countersigned by a Transfer Agent or its agent, 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. Trust Securities Certificates may be typewritten, printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Administrative Trustees, as evidenced by the execution thereof by the Administrative Trustees, or any one of them.

Appears in 3 contracts

Sources: Trust Agreement (Delmarva Power & Light Co /De/), Trust Agreement (Atlantic City Electric Co), Trust Agreement (Atlantic Capital Ii)

The Trust Securities Certificates. The Trust Securities Certificates shall be issued in denominations of $25 Liquidation Amount and integral multiples thereof. Subject to Section 2.04 relating to the original issuance of the Preferred Securities Certificate registered in the name of the nominee of the Securities Depository, the The Trust Securities Certificates shall be executed on behalf of the Trust by manual or facsimile signature of at least one Administrative Trustee and, if executed on behalf of the Trust by facsimile signature, the Preferred Trust Securities shall be countersigned by a the Transfer Agent and Registrar or its agent. 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 Trust and, if executed on behalf of the Trust by facsimile signature and signature, countersigned by a the Transfer Agent and Registrar or its agent, 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 Certificates may Certificate shall become a Securityholder, and shall be typewritten, printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable entitled to the Administrative Trusteesrights and subject to the obligations of a Securityholder hereunder, as evidenced by the execution thereof by the Administrative Trustees, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.04 or any one of them5.12.

Appears in 2 contracts

Sources: Trust Agreement (Texas Utilities Co /Tx/), Trust Agreement (Texas Utilities Co /Tx/)

The Trust Securities Certificates. The Trust Securities Certificates shall be issued in denominations of $25 $ Liquidation Amount and integral multiples thereof. Subject to Section 2.04 relating to the original issuance of the Preferred Securities Certificate registered in the name of the nominee of the Securities Depository, the The ----- Trust Securities Certificates shall be executed on behalf of the Trust by manual or facsimile signature of at least one Administrative Trustee and, if executed on behalf of the Trust by facsimile signature, the Preferred Trust Securities shall be countersigned by a the Transfer Agent and Registrar or its agent. 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 Trust and, if executed on behalf of the Trust by facsimile signature and signature, countersigned by a the Transfer Agent and Registrar or its agent, 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 Certificates may Certificate shall become a Securityholder, and shall be typewritten, printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable entitled to the Administrative Trusteesrights and subject to the obligations of a Securityholder hereunder, as evidenced by the execution thereof by the Administrative Trustees, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.04 or any one of them5.12.

Appears in 1 contract

Sources: Trust Agreement (Txu Capital Iv)

The Trust Securities Certificates. The Trust Securities Certificates shall be issued in denominations of $25 1,000 Liquidation Amount and integral multiples thereof. Subject to Section 2.04 relating to the original issuance of the Preferred Securities Certificate registered in the name of the nominee of the Securities Depository, the The Trust Securities Certificates shall be executed on behalf of the Trust by manual or facsimile signature of at least one Administrative Trustee and, if executed on behalf of the Trust by facsimile signature, the Preferred Trust Securities shall be countersigned by a the Transfer Agent and Registrar or its agent. 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 Trust and, if executed on behalf of the Trust by facsimile signature and signature, countersigned by a the Transfer Agent and Registrar or its agent, 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 Certificates may Certificate shall become a Securityholder, and shall be typewritten, printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable entitled to the Administrative Trusteesrights and subject to the obligations of a Securityholder hereunder, as evidenced by the execution thereof by the Administrative Trustees, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.04 or any one of them5.12.

Appears in 1 contract

Sources: Trust Agreement (Txu Capital I)

The Trust Securities Certificates. The Trust Securities Certificates shall be issued in denominations of $25 __ Liquidation Amount and integral multiples thereof. Subject to Section 2.04 relating to the original issuance of the Preferred Securities Certificate registered in the name of the nominee of the Securities Depository, the The Trust Securities Certificates shall be executed on behalf of the Trust by manual or facsimile signature of at least one Administrative Trustee and, if executed on behalf of the Trust by facsimile signature, the Preferred Trust Securities shall be countersigned by a the Transfer Agent and Registrar or its agent. 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 Trust and, if executed on behalf of the Trust by facsimile signature and signature, countersigned by a the Transfer Agent and Registrar or its agent, 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 Certificates may Certificate shall become a Securityholder, and shall be typewritten, printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable entitled to the Administrative Trusteesrights and subject to the obligations of a Securityholder hereunder, as evidenced by the execution thereof by the Administrative Trustees, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.04 or any one of them5.12.

Appears in 1 contract

Sources: Trust Agreement (Allete Capital Iii)

The Trust Securities Certificates. The Trust Securities Certificates shall be issued in denominations of $25 _____ Liquidation Amount and integral multiples thereof. Subject to Section 2.04 relating to the original issuance of the Preferred Securities Certificate registered in the name of the nominee of the Securities Depository, the The Trust Securities Certificates shall be executed on behalf of the Trust by manual or facsimile signature of at least one Administrative Trustee and, if executed on behalf of the Trust by facsimile signature, the Preferred Trust Securities shall be countersigned by a the Transfer Agent and Registrar or its agent. 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 Trust and, if executed on behalf of the Trust by facsimile signature and signature, countersigned by a the Transfer Agent and Registrar or its agent, 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 Certificates may Certificate shall become a Securityholder, and shall be typewritten, printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable entitled to the Administrative Trusteesrights and subject to the obligations of a Securityholder hereunder, as evidenced by the execution thereof by the Administrative Trustees, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.04 or any one of them5.11.

Appears in 1 contract

Sources: Trust Agreement (Enserch Capital I)

The Trust Securities Certificates. The Trust Securities Certificates shall be issued in denominations of $25 Liquidation Amount and integral multiples thereof. Subject to Section 2.04 relating to the original issuance of the Preferred Securities Certificate registered in the name of the nominee of the Securities Depository, the The Trust Securities Certificates shall be executed on behalf of the Trust by manual or facsimile signature of at least one Administrative Trustee and, if executed on behalf of the Trust by facsimile signature, the Preferred Trust Securities shall be countersigned by a the Transfer Agent and Registrar or its agent. Trust Securities Certificates bearing the manual of facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust and, if executed on behalf of the Trust by facsimile signature and signature, countersigned by a the Transfer Agent and Registrar or its agent, 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 Certificates may Certificate shall become a Securityholder, and shall be typewritten, printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable entitled to the Administrative Trustees, as evidenced by rights and subject to the execution thereof by the Administrative Trustees, or any one obligations of them.a Securityholder

Appears in 1 contract

Sources: Trust Agreement (Pp&l Capital Funding Trust I)

The Trust Securities Certificates. The Trust Securities Certificates shall be issued in denominations of $25 _____ Liquidation Amount and integral multiples thereof. Subject to Section 2.04 relating to the original issuance of the Preferred Securities Certificate registered in the name of the nominee of the Securities Depository, the The Trust Securities Certificates shall be executed on behalf of the Trust by manual or facsimile signature of at least one Administrative Trustee and, if executed on behalf of the Trust by facsimile signature, the Preferred Trust Securities shall be countersigned by a the Transfer Agent and Registrar or its agent. 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 Trust and, if executed on behalf of the Trust by facsimile signature and signature, countersigned by a the Transfer Agent and Registrar or its agent, 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 Certificates may Certificate shall become a Securityholder, and shall be typewritten, printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable entitled to the Administrative Trusteesrights and subject to the obligations of a Securityholder hereunder, as evidenced by the execution thereof by the Administrative Trustees, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.04 or any one of them5.12.

Appears in 1 contract

Sources: Trust Agreement (Txu Gas Capital Iv)

The Trust Securities Certificates. The Trust Securities Certificates shall be issued in denominations of $25 1,000 Liquidation Amount and integral multiples thereof. Subject to Section 2.04 relating to the original issuance of the Preferred Securities Certificate registered in the name of the nominee of the Securities Depository, the The Trust Securities Certificates shall be executed on behalf of the Trust by manual or facsimile signature of at least one Administrative Trustee and, if executed on behalf of the Trust by facsimile signature, the Capital Securities shall be countersigned by a the Transfer Agent and Registrar or its agent. 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 Trust and, if executed on behalf of the Trust by facsimile signature and signature, countersigned by a the Transfer Agent and Registrar or its agent, 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 Certificates may Certificate shall become a Securityholder, and shall be typewritten, printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable entitled to the Administrative Trusteesrights and subject to the obligations of a Securityholder hereunder, as evidenced by the execution thereof by the Administrative Trustees, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.04 or any one of them5.12.

Appears in 1 contract

Sources: Trust Agreement (Texas Utilities Co /Tx/)