附件25.1
證券交易委員會
華盛頓特區20549
表格 t-1
根據1939年信託契約法的資格聲明書
被指定爲託管人的法人公司
覈准作爲託管人的公司
勾選,如果要申請根據第305(b)(2)條確定託管人資格的申請 ¨
依據305(b)(2)條款的受託人¨
美國銀行信託公司
(指定託管人的確切名稱)
91-1821036
I.R.S.僱主識別號碼。
尼克萊特大道800號 明尼蘇達州明尼阿波利斯 |
55402 |
,(主要行政辦公地址) | (郵政編碼) |
凱西·L·米切爾
美國銀行信託公司,全國協會
185 Asylum Street, 27th樓層
注意:持有人的上述簽名必須與票據正面的姓名在每個細節上完全相符,沒有任何變化、擴大或任何變化。
(860) 241-6832
Andrew Reilly
再生元製藥公司,股份有限公司。
(作爲證券的發行人)。
紐約 | 13-3444607 |
(設立或組織的其他管轄區域) | (納稅人識別號碼) |
777 Old Saw Mill River Road 塔裏鎮,紐約州 |
10591-6707 |
(主要領導機構的地址) | (郵政編碼) |
債務證券。
(契約的標題 證券)
表格 t-1
項目1。 | 一般信息。 請提供有關受託人的以下信息。 |
a) | 每個檢查或監管機構的名稱和地址,其中它受到審查或監管。 |
貨幣主管
華盛頓特區
b) | 它是否被授權行使公司信託權。 |
是
事項二 | 與債務人的從屬關係。 如果發行人是受託人的關聯方,請描述每種關聯關係。 |
無
項目3-15 | 項目3-15不適用,因爲據受託人所知,債務人在受託人擔任受託人的任何債券契約下沒有違約。 |
項目16。 | 附件列表: 列出以下所有作爲資格和資質聲明一部分提交的展品。 |
1. | 附件1是受託方的公司章程副本。 |
2. | 附上的信託受託人開展業務的授權證書副本,見附件2。 |
3. | 信託委託人行使公司信託權力的授權副本,作爲展覽2包括在內。 |
4. | 附件4是受託人現有的章程副本。 |
5. | 項目4中提到的每份契約的副本。不適用。 |
6. | 根據1939年信託契約法第321(b)條所要求的受託人同意,附錄6。 |
7. | 根據法律或監管或檢查機構的要求,附上的於2024年6月30日發佈的受託人狀況報告,作爲第7展示。 |
簽名
根據1939年信託契約法的要求,受託人美國銀行信託公司全國協會是一家依據美利堅合衆國法律組織和存在的全國銀行協會,特此授權並代表下面簽署,就符合資格和條件的聲明已在康涅狄克州哈特福市於31日簽署21世紀醫療改革法案 2024年10月31日。
通過: | /s/ Kathy L. Mitchell | |
凱西·L·米切爾 | ||
副總裁 |
附件1
章程
A-1可轉換優先股系列。
美國銀行信託公司國家協會
爲了組織一個協會(以下簡稱「協會」)來執行國家銀行的合法活動,下述簽署人訂立以下章程:
首先。本協會的名稱應爲美國 銀行 信託公司,全國協會。
SECOND. 協會的總部將設在俄勒岡州的波特蘭市,蒙特諾馬縣。協會的業務將限於受託權力以及與行使這些權力有關的支持活動。未經貨幣監理員的事先批准,協會不得在本章程中所規定的範圍外擴大或改變業務。
第三條。 協會的董事會應由不少於五人、不多於二十五人組成,其具體人數應由董事全體的多數決議或股東大會中多數股東的決議不時確定。每位董事應擁有協會或擁有協會的控股公司的普通股或優先股,其面值、公允市值或權益價值總計不得低於1,000美元,以購買日期、擔任董事日期或最近當選董事日期中最近的日期爲準。協會或控股公司的普通股或優先股可以任意組合使用。
如在股東會議之間有空缺,則由剩餘董事中的多數人行使職權來填補空缺。董事會可將董事人數增至法律允許的最高人數。董事的任期,包括選舉填補空缺的董事,應在下次股東會議上屆滿,除非董事辭職或被解除職務。儘管董事任期結束,但董事仍將繼續任職,直至其繼任者被選出併合格爲止,或者董事人數減少且他或她的職位被取消。
如專任董事會名譽或諮詢委員會中的成員不具備投票權或對協會業務做出最終決策的權利,則可由董事會中至少半數成員或股東會議表決的決議任命。名譽或諮詢董事不計入協會董事會人數,與董事會行動中的任何法定法定議案一起不計入法定法定議案表決中,且無需持有限定股。
第四條。 股東應每年舉行股東大會選舉董事,並處理可能提出的其他業務,該會議應在董事會指定的總公司或其他方便的地方舉行,日期應在章程規定的每年特定日期,或 如果那 日恰逢所在州的法定假日,則順延至下一個工作日。 如果若未能在規定日期進行選舉,或遇到法定假日順延至下一個工作日的情況,則選舉可以延至規定日期後60天內的任何後續日期舉行,由董事會指定,或者 目前不清楚該情況是否存在。如果董事未確定日期,股東持有的三分之二的股份可以來決定日期。在所有情況下,必須提前至少10天以一等郵件形式通知股東。
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在各董事選舉中,每名普通股東可投票數應是其所擁有股票的數量乘以將要進行選舉的董事人數。這些選票可以累積,投給單個候選人,也可以按照股東選擇的方式分配給兩個或兩個以上的候選人。在所有其他問題上,每個普通股東應享有其持有的每股股票的一票投票權。
董事可以隨時通過書面形式向董事會、董事會主席或協會辭職,辭職通知在送達之日生效,除非該通知具體指定辭職的生效日期爲晚於通知送達日。
董事可能會被股東罷免 在召開會議以罷免他或她時,通知會議提出的目的或其中之一是罷免 他或她提供, 目前不清楚該情況是否存在。如果沒有履行資格肯定要求之一,或者因爲某種原因;然而,董事可能不會被罷免 如果 如果根據累計投票獲得選舉所需的票數對其罷免投反對票,董事可以被罷免。
任何一類協會股票的持有人都不會擁有預先購買或優先認購協會任何一類股票(不論現在或未來被授權),或者轉換爲該股票的任何義務,發行或出售,也不擁有除董事會根據自己的決定不時確定以及董事會不時確定的價格之外的任何認購權。 協會的股本授權金額應爲1,000,000股普通股,每股面值爲十美元($10);但根據美國法律的規定,該股本可隨時增加或減少。協會只應有一類股本。
本協會的任何股票類別的股票持有人都沒有任何優先權或優先權,能否提前訂購本協會任何現有或今後認可的任何股票類別或任何轉換爲本協會股票的義務,因事先董事會酌情決定,價格由董事會酌情確定。
協會股票的轉讓須事先獲得聯邦存託機構監管機構的書面批准。 如果不需要其他機構的批准 在進行任何這種轉讓之前,必須獲得美國貨幣監督官的批准。
除非《公司章程》另有規定或法律要求,(1)所有需要股東行動的事項,包括對《公司章程》的修訂,必須獲得持有優先表決權股份的股東的批准,並且(2)每個股東應有一票投票權。
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除非在《條款》中另有規定 協會或法律規定,在任何需要股東批准的事項上,所有有表決權的股票應作爲一個類別共同投票。
除非協會章程另有規定或法律要求,在任何會議通知郵寄或以其他方式發出給股東之前,用於確定有權獲得會議通知並參加投票的股東記錄日期,應爲該數據首次通知股東的前一天下班之前,如果記錄日期提前70天,則無論如何不能再提前。
協會隨時可以,也可以不經股東批准而授權併發行債務債券。分類爲債券的其他債務,無論是否經股東批准發行,均不享有投票權,包括所增加或減少的證券的總數,以及將全部或部分證券轉換爲另一類或系列證券的交換。
第六條。 董事會將任命其中一名成員作爲協會的總裁,另一名成員作爲董事會主席,並有權任命一個或多個副總裁,一名秘書負責記錄董事會和股東會議的記錄,並負責驗證協會的記錄,以及其他必要的官員和僱員來進行協會的業務。根據章程,經任命的官員可以任命一個或多個官員或助理官員,如果得到董事會的授權。
董事會具有以下權力:
(1) | 規定協會的官員,僱員和代理人的職責。 |
(2) | 將其職責的履行委託給協會的官員,僱員和代理人,但不委託職責的責任。 |
(3) | 確定補償並與其官員和僱員訂立僱傭合同,條件合理,符合適用法律。 |
(4) | 解僱官員和僱員。 |
(5) | Require bonds from officers and employees and to fix the penalty thereof. |
(6) | Ratify written policies authorized by the Association's management or committees of the board. |
(7) | 規定如何進行協會資本的增加或減少;但本文的任何內容均不得限制股東依據法律增加或減少協會的資本,並且任何內容都不會將股東批准資本增加或減少的百分比從三分之二提高或降低。 |
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(8) | 管理和管理協會的業務和事務。 |
(9) | 採用最初的章程,不違反法律或協會章程的管理協會的業務和監管事務。 |
(10) | 修改或撤銷規章制度,但協會章程的規定保留全部或部分權利歸股東所有。 |
(11) | 可以簽訂合同。 |
(12) | 一般執行董事會能夠執行的所有合法行爲。 |
第七條。 董事會有權在波特蘭市範圍內任意授權分支機構的地點更改總公司的位置,無需股東批准;或者,在波特蘭市範圍之外的地點,股東擁有三分之二的股票的投票通過,並取得貨幣監理人的批准證書,可以將總公司位置更改爲波特蘭市範圍內或範圍之外的其他地點,但不得超過該範圍三十英里。董事會有權在適用法律下,自由設立或更改協會的任何辦事處的位置,無需股東批准,但需要貨幣監理人批准。
八。該協會的法人存在將在根據美國法律終止之前持續存在。
協會的董事會或持有協會不少於25% 股份的任何股東可以在任何時候召開股東特別會議。除非章程或美國法律另有規定,或者被股東豁免,否則每次年度股東大會和股東特別會議的時間、地點和目的的通知應以掛號信方式郵寄,預付郵資,至少於會議日期前10天,不超過60天,寄送給每一名股東,寄送地址爲該股東在協會名冊上顯示的地址。除非章程另有規定,否則需要股東批准的任何行動均須在經正式通知的年度或特別股東大會上實施。 協會的董事會,或者持有協會股份總額不少於25%的任何股東,可以隨時召開股東特別會議。除非章程或美國法律另有規定,或者股東放棄,否則應當在距離會議日期至少10天、不超過60天的時間內,通過預付郵資的普通郵件向記錄在協會賬簿上的每位股東的地址發出每次年度和特別股東會議的時間、地點和目的通知。除非章程另有規定,股東批准的任何行動必須在正式召開的年度或特別會議上生效。
第十條。 這些章程可以在股東的任何定期或特別會議上經過協會股份持有人持股的多數股權肯定投票進行修訂,除非法律要求股權持有人更多的表決權,在這種情況下需要更多股權持有人的投票; 前提是,協會活動和服務的範圍在沒有國家貨幣監察長書面批准的情況下不得擴大。 協會董事會可以提議對章程進行一項或多項修正案,提交給股東。
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在此證明,我們特此簽署 11th的六月十一日。
Exhibit 2
附件4
美國信託銀行公司,全稱國家協會。
修正和重訂的章程
第一條
股東會議
第1.1章節。 股東年會股東年度會議,用於選舉董事並處理其他業務,應在董事長或總裁指定的時間和地點舉行。協會應在會議日期前不少於十(10)天或不超過六十(60)天向每位股東發出通知,除非美國貨幣監理局(「OCC」)確定存在緊急情況。根據適用法律,協會的唯一股東被允許放棄會議通知。如果由於任何原因,董事選舉未能在指定日期進行,選舉將在隨後的某一天舉行,儘快提前通知。未按照章程要求舉行年度會議,不影響任何公司行動的有效性,也不會導致解散協會。
第1.2章節。 特別會議除非法律另有特別規定,股東的特別會議可以由董事會(「董事會」)的大多數,或者持有至少公司全部股份十分之一的股東或股東團體隨時召集任何目的的。每次特別會議,除非法律另有規定,應至少提前十(10)天至六十(60)天以前通知召開,並說明會議的目的。
第1.3章節。 董事提名任命董事會的候選人可以由董事會或任何股東提名。
第1.4章節。 代理人股東可以通過書面授權的代理在任何股東大會上進行投票。代理人僅對一次會議及其休會有效,並將與會議記錄一同歸檔。
第1.5章節。 記錄日期決定股東有權接收通知和參加股東大會的記錄日期將是會議舉行日期之前的三十天,除非董事會另有確定。
Section 1.6. Quorum and Voting. A majority of the outstanding capital stock, represented in person or by proxy, shall constitute a quorum at any meeting of shareholders, unless otherwise provided by law, but less than a quorum may adjourn any meeting, from time to time, and the meeting may be held as adjourned without further notice. A majority of the votes cast shall decide every question or matter submitted to the shareholders at any meeting, unless otherwise provided by law or by the Articles of Association.
Section 1.7. Inspectors. The Board may, and in the event of its failure so to do, the Chairman of the Board may appoint Inspectors of Election who shall determine the presence of quorum, the validity of proxies, and the results of all elections and all other matters voted upon by shareholders at all annual and special meetings of shareholders.
Section 1.8. Waiver and Consent. The shareholders may act without notice or a meeting by a unanimous written consent by all shareholders.
Section 1.9. Remote Meetings. The Board shall have the right to determine that a shareholder meeting not be held at a place, but instead be held solely by means of remote communication in the manner and to the extent permitted by the General Corporation Law of the State of Delaware.
ARTICLE II
Directors
Section 2.1. Board of Directors. The Board shall have the power to manage and administer the business and affairs of the Association. Except as expressly limited by law, all corporate powers of the Association shall be vested in and may be exercised by the Board.
Section 2.2. Term of Office. The directors of this Association shall hold office for one year and until their successors are duly elected and qualified, or until their earlier resignation or removal.
Section 2.3. Powers. In addition to the foregoing, the Board shall have and may exercise all of the powers granted to or conferred upon it by the Articles of Association, the Bylaws and by law.
Section 2.4. Number. As provided in the Articles of Association, the Board of this Association shall consist of no less than five nor more than twenty-five members, unless the OCC has exempted the Association from the twenty-five- member limit. The Board shall consist of a number of members to be fixed and determined from time to time by resolution of the Board or the shareholders at any meeting thereof, in accordance with the Articles of Association. Between meetings of the shareholders held for the purpose of electing directors, the Board by a majority vote of the full Board may increase the size of the Board but not to more than a total of twenty-five directors, and fill any vacancy so created in the Board; provided that the Board may increase the number of directors only by up to two directors, when the number of directors last elected by shareholders was fifteen or fewer, and by up to four directors, when the number of directors last elected by shareholders was sixteen or more. Each director shall own a qualifying equity interest in the Association or a company that has control of the Association in each case as required by applicable law. Each director shall own such qualifying equity interest in his or her own right and meet any minimum threshold ownership required by applicable law.
Section 2.5. Organization Meeting. The newly elected Board shall meet for the purpose of organizing the new Board and electing and appointing such officers of the Association as may be appropriate. Such meeting shall be held on the day of the election or as soon thereafter as practicable, and, in any event, within thirty days thereafter, at such time and place as the Chairman or President may designate. If, at the time fixed for such meeting, there shall not be a quorum present, the directors present may adjourn the meeting until a quorum is obtained.
Section 2.6. Regular Meetings. The regular meetings of the Board shall be held, without notice, as the Chairman or President may designate and deem suitable.
Section 2.7. Special Meetings. Special meetings of the Board may be called at any time, at any place and for any purpose by the Chairman of the Board or the President of the Association, or upon the request of a majority of the entire Board. Notice of every special meeting of the Board shall be given to the directors at their usual places of business, or at such other addresses as shall have been furnished by them for the purpose. Such notice shall be given at least twelve hours (three hours if meeting is to be conducted by conference telephone) before the meeting by telephone or by being personally delivered, mailed, or electronically delivered. Such notice need not include a statement of the business to be transacted at, or the purpose of, any such meeting.
Section 2.8. Quorum and Necessary Vote. A majority of the directors shall constitute a quorum at any meeting of the Board, except when otherwise provided by law; but less than a quorum may adjourn any meeting, from time to time, and the meeting may be held as adjourned without further notice. Unless otherwise provided by law or the Articles or Bylaws of this Association, once a quorum is established, any act by a majority of those directors present and voting shall be the act of the Board.
Section 2.9. Written Consent. Except as otherwise required by applicable laws and regulations, the Board may act without a meeting by a unanimous written consent by all directors, to be filed with the Secretary of the Association as part of the corporate records.
Section 2.10. Remote Meetings. Members of the Board, or of any committee thereof, may participate in a meeting of such Board or committee by means of conference telephone, video or similar communications equipment by means of which all persons participating in the meeting can hear each other and such participation shall constitute presence in person at such meeting.
Section 2.11. Vacancies. When any vacancy occurs among the directors, the remaining members of the Board may appoint a director to fill such vacancy at any regular meeting of the Board, or at a special meeting called for that purpose.
ARTICLE III
Committees
Section 3.1. Advisory Board of Directors. The Board may appoint persons, who need not be directors, to serve as advisory directors on an advisory board of directors established with respect to the business affairs of either this Association alone or the business affairs of a group of affiliated organizations of which this Association is one. Advisory directors shall have such powers and duties as may be determined by the Board, provided, that the Board's responsibility for the business and affairs of this Association shall in no respect be delegated or diminished.
Section 3.2. Trust Audit Committee. At least once during each calendar year, the Association shall arrange for a suitable audit (by internal or external auditors) of all significant fiduciary activities under the direction of its trust audit committee, a function that will be fulfilled by the Audit Committee of the financial holding company that is the ultimate parent of this Association. The Association shall note the results of the audit (including significant actions taken as a result of the audit) in the minutes of the Board. In lieu of annual audits, the Association may adopt a continuous audit system in accordance with 12 C.F.R. § 9.9(b).
The Audit Committee of the financial holding company that is the ultimate parent of this Association, fulfilling the function of the trust audit committee:
(1) Must not include any officers of the Association or an affiliate who participate significantly in the administration of the Association’s fiduciary activities; and
(2) Must consist of a majority of members who are not also members of any committee to which the Board has delegated power to manage and control the fiduciary activities of the Association.
Section 3.3. Executive Committee. The Board may appoint an Executive Committee which shall consist of at least three directors and which shall have, and may exercise, to the extent permitted by applicable law, all the powers of the Board between meetings of the Board or otherwise when the Board is not meeting.
Section 3.4. Trust Management Committee. The Board of this Association shall appoint a Trust Management Committee to provide oversight of the fiduciary activities of the Association. The Trust Management Committee shall determine policies governing fiduciary activities. The Trust Management Committee or such sub-committees, officers or others as may be duly designated by the Trust Management Committee shall oversee the processes related to fiduciary activities to assure conformity with fiduciary policies it establishes, including ratifying the acceptance and the closing out or relinquishment of all trusts. The Trust Management Committee will provide regular reports of its activities to the Board.
Section 3.5. Other Committees. The Board may appoint, from time to time, committees of one or more persons who need not be directors, for such purposes and with such powers as the Board may determine; however, the Board will not delegate to any committee any powers or responsibilities that it is prohibited from delegating under any law or regulation. In addition, either the Chairman or the President may appoint, from time to time, committees of one or more officers, employees, agents or other persons, for such purposes and with such powers as either the Chairman or the President deems appropriate and proper. Whether appointed by the Board, the Chairman, or the President, any such committee shall at all times be subject to the direction and control of the Board.
Section 3.6. Meetings, Minutes and Rules. An advisory board of directors and/or committee shall meet as necessary in consideration of the purpose of the advisory board of directors or committee, and shall maintain minutes in sufficient detail to indicate actions taken or recommendations made; unless required by the members, discussions, votes or other specific details need not be reported. An advisory board of directors or a committee may, in consideration of its purpose, adopt its own rules for the exercise of any of its functions or authority.
ARTICLE IV
Officers
Section 4.1. Chairman of the Board. The Board may appoint one of its members to be Chairman of the Board to serve at the pleasure of the Board. The Chairman shall supervise the carrying out of the policies adopted or approved by the Board; shall have general executive powers, as well as the specific powers conferred by these Bylaws; and shall also have and may exercise such powers and duties as from time to time may be conferred upon or assigned by the Board.
Section 4.2. President. The Board may appoint one of its members to be President of the Association. In the absence of the Chairman, the President shall preside at any meeting of the Board. The President shall have general executive powers, and shall have and may exercise any and all other powers and duties pertaining by law, regulation or practice, to the office of President, or imposed by these Bylaws. The President shall also have and may exercise such powers and duties as from time to time may be conferred or assigned by the Board.
Section 4.3. Vice President. The Board may appoint one or more Vice Presidents who shall have such powers and duties as may be assigned by the Board and to perform the duties of the President on those occasions when the President is absent, including presiding at any meeting of the Board in the absence of both the Chairman and President.
Section 4.4. Secretary. The Board shall appoint a Secretary, or other designated officer who shall be Secretary of the Board and of the Association, and shall keep accurate minutes of all meetings. The Secretary shall attend to the giving of all notices required by these Bylaws to be given; shall be custodian of the corporate seal, records, documents and papers of the Association; shall provide for the keeping of proper records of all transactions of the Association; shall, upon request, authenticate any records of the Association; shall have and may exercise any and all other powers and duties pertaining by law, regulation or practice, to the Secretary, or imposed by these Bylaws; and shall also perform such other duties as may be assigned from time to time by the Board. The Board may appoint one or more Assistant Secretaries with such powers and duties as the Board, the President or the Secretary shall from time to time determine.
Section 4.5. Other Officers. The Board may appoint, and may authorize the Chairman, the President or any other officer to appoint, any officer as from time to time may appear to the Board, the Chairman, the President or such other officer to be required or desirable to transact the business of the Association. Such officers shall exercise such powers and perform such duties as pertain to their several offices, or as may be conferred upon or assigned to them by these Bylaws, the Board, the Chairman, the President or such other authorized officer. Any person may hold two offices.
Section 4.6. Tenure of Office. The Chairman or the President and all other officers shall hold office until their respective successors are elected and qualified or until their earlier death, resignation, retirement, disqualification or removal from office, subject to the right of the Board or authorized officer to discharge any officer at any time.
ARTICLE V
Stock
Section 5.1. The Board may authorize the issuance of stock either in certificated or in uncertificated form. Certificates for shares of stock shall be in such form as the Board may from time to time prescribe. If the Board issues certificated stock, the certificate shall be signed by the President, Secretary or any other such officer as the Board so determines. Shares of stock shall be transferable on the books of the Association, and a transfer book shall be kept in which all transfers of stock shall be recorded. Every person becoming a shareholder by such transfer shall, in proportion to such person's shares, succeed to all rights of the prior holder of such shares. Each certificate of stock shall recite on its face that the stock represented thereby is transferable only upon the books of the Association properly endorsed. The Board may impose conditions upon the transfer of the stock reasonably calculated to simplify the work of the Association for stock transfers, voting at shareholder meetings, and related matters, and to protect it against fraudulent transfers.
ARTICLE VI
Corporate Seal
Section 6.1. The Association shall have no corporate seal; provided, however, that if the use of a seal is required by, or is otherwise convenient or advisable pursuant to, the laws or regulations of any jurisdiction, the following seal may be used, and the Chairman, the President, the Secretary and any Assistant Secretary shall have the authority to affix such seal:
ARTICLE VII
Miscellaneous Provisions
Section 7.1. Execution of Instruments. All agreements, checks, drafts, orders, indentures, notes, mortgages, deeds, conveyances, transfers, endorsements, assignments, certificates, declarations, receipts, discharges, releases, satisfactions, settlements, petitions, schedules, accounts, affidavits, bonds, undertakings, guarantees, proxies and other instruments or documents may be signed, countersigned, executed, acknowledged, endorsed, verified, delivered or accepted on behalf of the Association, whether in a fiduciary capacity or otherwise, by any officer of the Association, or such employee or agent as may be designated from time to time by the Board by resolution, or by the Chairman or the President by written instrument, which resolution or instrument shall be certified as in effect by the Secretary or an Assistant Secretary of the Association. The provisions of this section are supplementary to any other provision of the Articles of Association or Bylaws.
Section 7.2. Records. The Articles of Association, the Bylaws as revised or amended from time to time and the proceedings of all meetings of the shareholders, the Board, and standing committees of the Board, shall be recorded in appropriate minute books provided for the purpose. The minutes of each meeting shall be signed by the Secretary, or other officer appointed to act as Secretary of the meeting.
Section 7.3. Trust Files. There shall be maintained in the Association files all fiduciary records necessary to assure that its fiduciary responsibilities have been properly undertaken and discharged.
Section 7.4. Trust Investments. Funds held in a fiduciary capacity shall be invested according to the instrument establishing the fiduciary relationship and according to law. Where such instrument does not specify the character and class of investments to be made and does not vest in the Association a discretion in the matter, funds held pursuant to such instrument shall be invested in investments in which corporate fiduciaries may invest under law.
Section 7.5. Notice. Whenever notice is required by the Articles of Association, the Bylaws or law, such notice shall be by mail, postage prepaid, e- mail, in person, or by any other means by which such notice can reasonably be expected to be received, using the address of the person to receive such notice, or such other personal data, as may appear on the records of the Association. Except where specified otherwise in these Bylaws, prior notice shall be proper if given not more than 30 days nor less than 10 days prior to the event for which notice is given.
ARTICLE VIII
Indemnification
Section 8.1. The Association shall indemnify such persons for such liabilities in such manner under such circumstances and to such extent as permitted by Section 145 of the Delaware General Corporation Law, as now enacted or hereafter amended. The Board may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the Association shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Section 8.1. Such insurance shall be consistent with the requirements of 12 C.F.R. § 7.2014 and shall exclude coverage of liability for a formal order assessing civil money penalties against an institution-affiliated party, as defined at 12 U.S.C. § 1813(u).
Section 8.2. Notwithstanding Section 8.1, however, (a) any indemnification payments to an institution-affiliated party, as defined at 12 U.S.C. § 1813(u), for an administrative proceeding or civil action initiated by a federal banking agency, shall be reasonable and consistent with the requirements of 12 U.S.C. § 1828(k) and the implementing regulations thereunder; and (b) any indemnification payments and advancement of costs and expenses to an institution-affiliated party, as defined at 12 U.S.C. § 1813(u), in cases involving an administrative proceeding or civil action not initiated by a federal banking agency, shall be in accordance with Delaware General Corporation Law and consistent with safe and sound banking practices.
ARTICLE IX
Bylaws: Interpretation and Amendment
Section 9.1. These Bylaws shall be interpreted in accordance with and subject to appropriate provisions of law, and may be added to, altered, amended, or repealed, at any regular or special meeting of the Board.
Section 9.2. A copy of the Bylaws and all amendments shall at all times be kept in a convenient place at the principal office of the Association, and shall be open for inspection to all shareholders during Association hours.
ARTICLE X
Miscellaneous Provisions
Section 10.1. Fiscal Year. The fiscal year of the Association shall begin on the first day of January in each year and shall end on the thirty-first day of December following.
Section 10.2. Governing Law. This Association designates the Delaware General Corporation Law, as amended from time to time, as the governing law for its corporate governance procedures, to the extent not inconsistent with Federal banking statutes and regulations or bank safety and soundness.
***
(February 8, 2021)
Exhibit 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.
Dated: October 31, 2024
By: | /s/ Kathy L. Mitchell | |
Kathy L. Mitchell | ||
Vice President |
Exhibit 7
U.S. Bank Trust Company, National Association
Statement of Financial Condition
as of 6/30/2024
($000’s)
6/30/2024 | ||||
Assets | ||||
Cash and Balances Due From Depository Institutions | $ | 1,420,557 | ||
Securities | 4,393 | |||
Federal Funds | 0 | |||
Loans & Lease Financing Receivables | 0 | |||
Fixed Assets | 1,164 | |||
Intangible Assets | 577,338 | |||
Other Assets | 153,812 | |||
Total Assets | $ | 2,157,264 | ||
Liabilities | ||||
Deposits | $ | 0 | ||
Fed Funds | 0 | |||
Treasury Demand Notes | 0 | |||
Trading Liabilities | 0 | |||
Other Borrowed Money | 0 | |||
Acceptances | 0 | |||
Subordinated Notes and Debentures | 0 | |||
Other Liabilities | 215,138 | |||
Total Liabilities | $ | 215,138 | ||
Equity | ||||
Common and Preferred Stock | 200 | |||
Surplus | 1,171,635 | |||
Undivided Profits | 770,291 | |||
Minority Interest in Subsidiaries | 0 | |||
Total Equity Capital | $ | 1,942,126 | ||
Total Liabilities and Equity Capital | $ | 2,157,264 |