Common use of Unit Certificate Clause in Contracts

Unit Certificate. This Certificate certifies that Cede & Co. is the registered Holder of the number of Units set forth above. Each Unit consists of (i) beneficial ownership by the Holder of one Preferred Security (the "Preferred Security") of New York Community Capital Trust (.), a Delaware statutory trust (the "Trust"), having a stated liquidation amount of $(.), attached as Annex A hereto and (ii) the rights and obligations of the Holder under one Warrant to purchase shares of common stock of New York Community Bancorp Inc., a Delaware corporation (the "Company"), attached as Annex B hereto. All capitalized terms used herein which are defined in the Unit Agreement (as defined on the reverse hereof) have the meanings set forth therein. Distributions on any Preferred Security forming part of a Unit evidenced herby, which are payable quarterly in arrears on (.), (.), (.), and (.) of each year, commencing on (.), (.) (a "Payment Date"), shall, subject to receipt thereof by the Unit Agent, be paid to the Person in whose name this Certificate (or a Predecessor Certificate) is registered at the close of business on the Record Date for such Payment Date, except that the proceeds of a Remarketing will be paid to the Warrant Agent in satisfaction of each Electing Remarketing Holder's obligations to pay the Exercise Price of Warrants constituting a part of this Unit. Distributions on the Preferred Securities will be payable at an office of the Unit Agent or, at the option of the Company, by check mailed to the address of the Person entitled thereto as such address appears on the Register. Reference is hereby made to the further provisions set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Unit Agent by manual signature, this Certificate shall not be entitled to any benefit under the Unit Agreement, the Warrant Agreement or the Declaration or be valid or obligatory for any purpose.