Common use of Trust Certificates Clause in Contracts

Trust Certificates. At the time of deposit of (or issuance to) the stock certificates with the Trustee, the Shareholder shall transfer to the Trustees by proper endorsement his full legal title to all Stock owned by him, and the Trustee shall be vested with all of the rights and powers of the owner of the Stock, with the full rights and powers of the owner, of whatever nature necessary to enable the Trustee to exercise the powers granted to the Trustee under this Agreement. The Trustee shall issue to the Shareholder Voting Trust Certificates ("Trust Certificates"), in substantially the form attached to this Agreement as Exhibit A, for all Stock transferred to the Trustee.