Floating Rate Junior Subordinated Deferrable Interest Debentures (2004)Full Document 

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FIRST REGIONAL BANCORP,

as Issuer

 

 

INDENTURE

 

Dated as of March 17, 2004

 

 

U.S. BANK NATIONAL ASSOCIATION,

as Trustee

 

 

FLOATING RATE JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES

 

 

DUE 2034

 

 



 

TABLE OF CONTENTS

 

ARTICLE I. DEFINITIONS

 

 

 

Section 1.1.

Definitions.

 

 

 

ARTICLE II. DEBENTURES

 

 

 

Section 2.1.

Authentication and Dating.

 

Section 2.2.

Form of Trustee’s Certificate of Authentication.

 

Section 2.3.

Form and Denomination of Debentures.

 

Section 2.4.

Execution of Debentures.

 

Section 2.5.

Exchange and Registration of Transfer of Debentures.

 

Section 2.6.

Mutilated, Destroyed, Lost or Stolen Debentures.

 

Section 2.7.

Temporary Debentures.

 

Section 2.8.

Payment of Interest and Additional Interest.

 

Section 2.9.

Cancellation of Debentures Paid, etc.

 

Section 2.10.

Computation of Interest.

 

Section 2.11.

Extension of Interest Payment Period.

 

Section 2.12.

CUSIP Numbers.

 

 

 

ARTICLE III. PARTICULAR COVENANTS OF THE COMPANY

 

 

 

Section 3.1.

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

 

Section 3.2.

Offices for Notices and Payments, etc.

 

Section 3.3.

Appointments to Fill Vacancies in Trustee’s Office.

 

Section 3.4.

Provision as to Paying Agent.

 

Section 3.5.

Certificate to Trustee.

 

Section 3.6.

Additional Sums.

 

Section 3.7.

Compliance with Consolidation Provisions.

 

Section 3.8.

Limitation on Dividends.

 

Section 3.9.

Covenants as to the Trust.

 

Section 3.10.

Additional Junior Indebtedness.

 

 

 

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

 

 

 

Section 4.1.

Securityholders’ Lists.

 

Section 4.2.

Preservation and Disclosure of Lists.

 

 

 

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

 

 

 

Section 5.1.

Events of Default.

 

Section 5.2.

Payment of Debentures on Default; Suit Therefor.

 

Section 5.3.

Application of Moneys Collected by Trustee.

 

Section 5.4.

Proceedings by Securityholders.

 

Section 5.5.

Proceedings by Trustee.

 

Section 5.6.

Remedies Cumulative and Continuing; Delay or Omission Not a Waiver.

 

 

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Section 5.7.

Direction of Proceedings and Waiver of Defaults by Majority of Securityholders.

 

Section 5.8.

Notice of Defaults.

 

Section 5.9.

Undertaking to Pay Costs.

 

 

 

ARTICLE VI. CONCERNING THE TRUSTEE

 

 

 

Section 6.1.

Duties and Responsibilities of Trustee.

 

Section 6.2.

Reliance on Documents, Opinions, etc.

 

Section 6.3.

No Responsibility for Recitals, etc.

 

Section 6.4.

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

 

Section 6.5.

Moneys to be Held in Trust.

 

Section 6.6.

Compensation and Expenses of Trustee.

 

Section 6.7.

Officers’ Certificate as Evidence.

 

Section 6.8.

Eligibility of Trustee.

 

Section 6.9.

Resignation or Removal of Trustee

 

Section 6.10.

Acceptance by Successor Trustee.

 

Section 6.11.

Succession by Merger, etc.

 

Section 6.12.

Authenticating Agents.

 

 

 

ARTICLE VII. CONCERNING THE SECURITYHOLDERS

 

 

 

Section 7.1.

Action by Securityholders.

 

Section 7.2.

Proof of Execution by Securityholders.

 

Section 7.3.

Who Are Deemed Absolute Owners.

 

Section 7.4.

Debentures Owned by Company Deemed Not Outstanding.

 

Section 7.5.

Revocation of Consents; Future Holders Bound.

 

 

 

ARTICLE VIII. SECURITYHOLDERS’ MEETINGS

 

 

 

Section 8.1.

Purposes of Meetings.

 

Section 8.2.

Call of Meetings by Trustee.

 

Section 8.3.

Call of Meetings by Company or Securityholders.

 

Section 8.4.

Qualifications for Voting.

 

Section 8.5.

Regulations.

 

Section 8.6.

Voting.

 

Section 8.7.

Quorum; Actions.

 

 

 

ARTICLE IX. SUPPLEMENTAL INDENTURES

 

 

 

Section 9.1.

Supplemental Indentures without Consent of Securityholders.

 

Section 9.2.

Supplemental Indentures with Consent of Securityholders.

 

Section 9.3.

Effect of Supplemental Indentures.

 

Section 9.4.

Notation on Debentures.

 

Section 9.5.

Evidence of Compliance of Supplemental Indenture to be Furnished to Trustee.

 

 

 

ARTICLE X. REDEMPTION OF SECURITIES

 

 

 

Section 10.1.

Optional Redemption.

 

Section 10.2.

Special Event Redemption.

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