Notice of Resignation and Appointment of Administrative Trustee for Vision Bancshares Trust I

Contract Categories: Business Finance › Trust Agreements
Summary

This notice documents the resignation of C. Daniel DeLawder as Administrative Trustee of Vision Bancshares Trust I, effective June 30, 2021, due to his retirement. Park National Corporation appoints Matthew R. Miller as the successor Administrative Trustee, effective July 1, 2021. The notice is executed by the resigning trustee, the successor trustee, current administrative trustees, and Park National Corporation. The change is made in accordance with the Trust Agreement and is effective immediately as stated in the document.

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EX-4.2 2 prk-ex42x20211231x10xk.htm EX-4.2 Document


Exhibit 4.2







July 1, 2021

Wilmington Trust Company
Rodney Square North
1100 North Market Street
Wilmington, DE ###-###-####
Attention: Corporate Trust Administration

Park National Corporation
50 North Third Street
Newark, OH 43055

David L. Trautman
Brady T. Burt
Matthew R. Miller
c/o Park National Corporation
50 North Third Street
Newark, OH 43055

Re: Notice of Resignation of Administrative Trustee and Appointment of Successor

Ladies and Gentlemen:

The following notice is given pursuant to Section 8.11 of the Amended and Restated Trust Agreement for Vision Bancshares Trust I (the “Trust”), dated as of December 5, 2005 (the “Trust Agreement”).

We make reference to the Junior Subordinated Indenture, dated as of December 5, 2005 (the “Indenture”), originally between Vision Bancshares, Inc., an Alabama corporation (the “Predecessor Company”), and Wilmington Trust Company, a Delaware banking corporation (the “Trustee”), the First Supplemental Indenture, dated to be effective as of 6:00 p.m., Eastern Standard Time, on March 9, 2007, among Park National Corporation, an Ohio corporation (the “Company”), the Predecessor Company and the Trustee, and the Trust Agreement.

With immediate effect, in connection with his retirement as an executive officer and an employee of the Company, effective June 30, 2021, and as evidenced by his signature below, C. Daniel DeLawder hereby resigns the position of Administrative Trustee of the Trust.



The Company hereby appoints Matthew R. Miller to serve as a successor Administrative Trustee of the Trust (the “Successor Administrative Trustee”), and the Successor Administrative Trustee hereby accepts appointment to such position, from and after the date and time of this notice, as evidenced by his signature below.

Capitalized terms used herein and not otherwise defined are used as defined in the Trust Agreement. This Notice of Resignation of Administrative Trustee and Appointment of Successor may be executed in several counterparts, each of which shall be an original and all of which shall constitute one and the same instrument.

This Notice of Resignation of Administrative Trustee and Appointment of Successor is given and made and is effective as of 8:00 a.m., Eastern Daylight Time, on July 1, 2021.

RESIGNING ADMINISTRATIVE TRUSTEE:
By: /s/ C. Daniel DeLawder
Name: C. Daniel DeLawder
SUCCESSOR ADMINISTRATIVE TRUSTEE:
By: /s/ Matthew R. Miller
Name: Matthew R. Miller
CURRENT ADMINISTRATIVE TRUSTEES:
By: /s/ David L TrautmanBy: /s/ Brady T. Burt
Name: David L. TrautmanName: Brady T. Burt
PARK NATIONAL CORPORATION
By: /s/ Brady T. Burt
Name: Brady T. Burt
Title: Chief Financial Officer