Floating Rate Junior Subordinated Deferrable Interest Debentures (2006)Full Document 

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FIRST REGIONAL BANCORP,

as Issuer

 

 

INDENTURE

 

Dated as of March 30, 2006

 

 

WILMINGTON TRUST COMPANY,

as Trustee

 

 

FLOATING RATE JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES

 

DUE 2036

 

 



 

TABLE OF CONTENTS

 

 

Page

 

 

ARTICLE I. DEFINITIONS

1

 

 

Section 1.1.

Definitions

1

 

 

 

ARTICLE II. DEBENTURES

8

 

 

Section 2.1.

Authentication and Dating

8

Section 2.2.

Form of Trustee’s Certificate of Authentication

9

Section 2.3.

Form and Denomination of Debentures

9

Section 2.4.

Execution of Debentures

9

Section 2.5.

Exchange and Registration of Transfer of Debentures

10

Section 2.6.

Mutilated, Destroyed, Lost or Stolen Debentures

12

Section 2.7.

Temporary Debentures

12

Section 2.8.

Payment of Interest and Additional Interest

13

Section 2.9.

Cancellation of Debentures Paid, etc

14

Section 2.10.

Computation of Interest

14

Section 2.11.

Extension of Interest Payment Period

15

Section 2.12.

CUSIP Numbers

16

Section 2.13.

Global Debentures

17

 

 

 

ARTICLE III. PARTICULAR COVENANTS OF THE COMPANY

18

 

 

Section 3.1.

Payment of Principal, Premium and Interest; Agreed Treatment of the Debentures

18

Section 3.2.

Offices for Notices and Payments, etc

19

Section 3.3.

Appointments to Fill Vacancies in Trustee’s Office

19

Section 3.4.

Provision as to Paying Agent

19

Section 3.5.

Certificate to Trustee

20

Section 3.6.

Additional Sums

20

Section 3.7.

Compliance with Consolidation Provisions

21

Section 3.8.

Limitation on Dividends

21

Section 3.9.

Covenants as to the Trust

21

Section 3.10.

Additional Junior Indebtedness

22

 

 

 

ARTICLE IV. SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE

22

 

 

Section 4.1.

Securityholders’ Lists

22

Section 4.2.

Preservation and Disclosure of Lists

22

 

 

 

ARTICLE V. REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS UPON AN EVENT OF DEFAULT

23

 

 

Section 5.1.

Events of Default

23

Section 5.2.

Payment of Debentures on Default; Suit Therefor

25

Section 5.3.

Application of Moneys Collected by Trustee

26

Section 5.4.

Proceedings by Securityholders

27

Section 5.5.

Proceedings by Trustee

27

Section 5.6.

Remedies Cumulative and Continuing; Delay or Omission Not a Waiver

27

 

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Section 5.7.

Direction of Proceedings and Waiver of Defaults by Majority of Securityholders

27

Section 5.8.

Notice of Defaults

28

Section 5.9.

Undertaking to Pay Costs

28

 

 

 

ARTICLE VI. CONCERNING THE TRUSTEE

29

 

 

Section 6.1.

Duties and Responsibilities of Trustee

29

Section 6.2.

Reliance on Documents, Opinions, etc

29

Section 6.3.

No Responsibility for Recitals, etc

30

Section 6.4.

Trustee, Authenticating Agent, Paying Agents, Transfer Agents or Registrar May Own Debentures

31

Section 6.5.

Moneys to be Held in Trust

31

Section 6.6.

Compensation and Expenses of Trustee

31

Section 6.7.

Officers’ Certificate as Evidence

32

Section 6.8.

Eligibility of Trustee

32

Section 6.9.

Resignation or Removal of Trustee

32

Section 6.10.

Acceptance by Successor Trustee

33

Section 6.11.

Succession by Merger, etc

34

Section 6.12.

Authenticating Agents

34

 

 

 

ARTICLE VII. CONCERNING THE SECURITYHOLDERS

35

 

 

Section 7.1.

Action by Securityholders

35

Section 7.2.

Proof of Execution by Securityholders

36

Section 7.3.

Who Are Deemed Absolute Owners

36

Section 7.4.

Debentures Owned by Company Deemed Not Outstanding

36

Section 7.5.

Revocation of Consents; Future Holders Bound

36

 

 

 

ARTICLE VIII. SECURITYHOLDERS’ MEETINGS

37

 

 

Section 8.1.

Purposes of Meetings

37

Section 8.2.

Call of Meetings by Trustee

37

Section 8.3.

Call of Meetings by Company or Securityholders

37

Section 8.4.

Qualifications for Voting

37

Section 8.5.

Regulations

37

Section 8.6.

Voting

38

Section 8.7.

Quorum; Actions

38

 

 

 

ARTICLE IX. SUPPLEMENTAL INDENTURES

39

 

 

Section 9.1.

Supplemental Indentures without Consent of Securityholders

39

Section 9.2.

Supplemental Indentures with Consent of Securityholders

40

Section 9.3.

Effect of Supplemental Indentures

41

Section 9.4.

Notation on Debentures

41

Section 9.5.

Evidence of Compliance of Supplemental Indenture to be Furnished to Trustee

41

 

 

 

ARTICLE X. REDEMPTION OF SECURITIES

41

 

 

Section 10.1.

Optional Redemption

41

Section 10.2.

Special Event

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