Document:

Certificate of Trust of Boston Private Capital Trust I, filed October 5, 2004

  
 Exhibit 4.1 

 

					
	 	 	

	 	PAGE 1

  
 I, HARRIET SMITH
WINDSOR, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY THE ATTACHED IS A TRUE AND CORRECT COPY OF THE CERTIFICATE OF STATUTORY TRUST REGISTRATION OF “BOSTON PRIVATE CAPITAL TRUST I”, FILED IN THIS OFFICE ON THE FIFTH DAY
OF OCTOBER, A.D. 2004, AT 5:01 O’CLOCK P.M. 
  

					
			
	[SEAL]	 	 	 	 /s/ Harriet Smith Windsor

	 	 	 	 	 Harriet Smith Windsor, Secretary of State

	 3864004 8100
	 	 	 	 AUTHENTICATION: 3554674

	 040912034
	 	 	 	                          DATE: 12-16-04

  

 CERTIFICATE OF TRUST 
  
 OF 
  
 BOSTON PRIVATE CAPITAL TRUST I 
  
 This Certificate of Trust is being executed as of October 5, 2004 for the purpose of forming a statutory trust pursuant to the Delaware Statutory Trust
Act, 12 Del. C. §§ 3801 et seq. (the “Act”). 
  
 The undersigned hereby certify as follows. 
  
 1. Name. The name of the statutory trust (the “Trust”) is Boston Private Capital Trust I. 
  
 2. Delaware Trustee. The name and business address of the trustee of the Trust that has its principal place of business in the State of Delaware
are as follows: 
  
 SunTrust Delaware Trust Company 

1011 Centre Road 
 Suite 108 
 Wilmington, DE 19805 
  
 3. Effective. This Certificate of Trust shall be effective immediately upon filing in the Office of the Secretary of State of the State of
Delaware. 
  
 4. Counterparts. This Certificate of Trust
may be executed in one or more counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. 
  

[Signatures on following page.] 
  

			
	 	  	 State of Delaware
 Secretary of State
 Division of Corporations
 Delivered 05:01 PM 10/05/2004
 FILED 05:01 PM 10/05/2004
 SRV 040720539 - 3864004 FILE

  

 IN WITNESS WHEREOF, the undersigned, being all of the trustees of the Trust, have duly executed this
Certificate of Trust as of the day and year first above written. 
  

					
	 SUNTRUST DELAWARE TRUST COMPANY,
 as Delaware Trustee

		
	By:	 	 /s/ M. Lisa Wilkins

	 	 	 Name:
	 	 M. Lisa Wilkins

	 	 	 Title:
	 	 Vice President

	
	 SUNTRUST BANK, as Property Trustee

		
	By:	 	 /s/ George Hogan

	 	 	 Name:
	 	 George Hogan

	 	 	 Title:
	 	 Vice President

	
	 JONATHAN H. PARKER, as Administrative Trustee

	
	 /s/ Jonathan H. Parker

	
	 EMANUELA M. ALLGOOD, as Administrative Trustee

	
	 /s/ Emanuela M. Allgood

	
	 CARISSA J.S. BARBER, as Administrative Trustee

	
	 /s/ Carissa J.S. BarberDeclaration of Trust of Boston Private Capital Trust I, dated October 5, 2004

  
 Exhibit 4.2 

 
 DECLARATION OF TRUST 
  
 DECLARATION OF TRUST, dated as of October 5, 2004, among Jonathan H. Parker,
Emanuela M. Allgood, and Carissa J.S. Barber, each as administrative trustee (each an “Administrative Trustee”), SunTrust Bank, as property trustee (the “Property Trustee”), and SunTrust Delaware Trust Company, a Delaware limited
purpose trust company, as Delaware trustee (the “Delaware Trustee” and, collectively with the Administrative Trustees and the Property Trustee the “Trustees”). The Trustees hereby agree as follows: 
  
 1. The trust created hereby (the “Trust”) shall be known as
“Boston Private Capital Trust I”, in which name the Trustees may conduct the business of the Trust, make and execute contracts and sue and be sued. 
  
 2. It is the intention of the parties hereto that the Trust created hereby constitute a statutory trust under Chapter 38 of Title 12 of the Delaware Code,
12 Del. C. §§ 3801 et seq. (the “Trust Act”), and that this document constitute the governing instrument of the Trust. The Trustees are hereby authorized and directed to execute and file a certificate
of trust in the office of the Secretary of State of the State of Delaware in the form attached hereto. The Trust is hereby established for the purposes of (i) issuing preferred securities (“Preferred Securities”) representing undivided
beneficial interests in the assets of the Trust in exchange for cash and investing the proceeds thereof in debt securities of Boston Private Financial Holdings, Inc., (ii) issuing and selling common securities (“Common Securities” and,
together with the Preferred Securities, “Trust Securities”) representing undivided beneficial interests in the assets of the Trust to Boston Private Financial Holdings, Inc. in exchange for cash and investing the proceeds thereof in
additional debt securities of Boston Private Financial Holdings, Inc. and (iii) engaging in such other activities as are necessary, convenient or incidental thereto. 
  
 3. Concurrent with the first issuance of any Trust Securities by the Trust, the Trustees intend to enter into an amended and
restated declaration of trust with Boston Private Financial Holdings, Inc., satisfactory to each such party and having substantially the terms described in the offering circular (as referred to below), to provide for the contemplated operation of
the Trust created hereby and the issuance of the Preferred Securities and the Common Securities referred to therein. Prior to the execution and delivery of such amended and restated declaration of trust, except as herein provided, the Trustees shall
not have any duty or obligation hereunder or with respect to the trust estate, except as otherwise required by applicable law or as may be necessary to obtain, prior to such execution and delivery, any licenses, consents or approvals required by
applicable law or otherwise. 
  
 4. The Trustees hereby authorize
and direct the Administrative Trustees, or any one of them, (i) to prepare and distribute, as applicable, one or more offering circulars on behalf of the Trust, including any necessary or desirable amendments thereto (including any exhibits
contained therein or forming a part thereof), relating to the Preferred Securities of the Trust and, as applicable, certain other securities; (ii) to prepare and file with the Private Offering, Resales and Trading through Automatic Linkages (PORTAL)
Market (“PORTAL”) and execute on behalf of the Trust a listing application and all other applications, statements, certificates, 

  

 
agreements and other instruments as shall be necessary or desirable to cause the Preferred Securities to be listed and continue to be listed on PORTAL; (iii)
to prepare and file and execute, in each case on behalf of the Trust, such applications, reports, surety bonds, irrevocable consents, appointments of attorney for service of process and other papers and documents as shall be necessary or desirable
to register the Preferred Securities under the securities or “blue sky” laws of such jurisdictions as the Administrative Trustees, or any one of them, on behalf of the Trust, may deem necessary or desirable; (iv) to negotiate the terms of,
and execute on behalf of the Trust, such underwriting or purchase agreements with one or more underwriters, purchasers, dealers or agents relating to the Preferred Securities as the Administrative Trustees, or any one of them, on behalf of the
Trust, may deem necessary or desirable; and (v) to execute on behalf of the Trust any and all documents, papers and instruments as may be desirable in connection with any of the foregoing. It is hereby acknowledged and agreed that in connection with
any execution, filing or document referred to in clauses (i)-(iii) above, the Delaware Trustee shall not be required to join in any such filing or execute on behalf of the Trust any such document unless required by the rules and regulations of
PORTAL or state securities or blue sky laws, and in such case only to the extent so required. 
  
 5. This Declaration of Trust may be executed in one or more counterparts. 
  
 6. The number of Trustees initially shall be five (5) and thereafter the number of Trustees shall be such number as shall be fixed from time to time by a
written instrument signed by the Administrative Trustees then in office which may decrease or increase the number of Trustees; provided, however, that to the extent required by the Trust Act, one Trustee shall either be a natural person who is a
resident of the State of Delaware or, if not a natural person, an entity that has its principal place of business in the State of Delaware and meets any other requirements imposed by applicable law. Subject to the foregoing, the Administrative
Trustees then in office by majority action are entitled to appoint or remove without cause any Trustee at any time. Any Trustee may resign upon thirty days prior notice to the Administrative Trustees; provided, however, that the Delaware Trustee may
resign immediately upon notice to the Administrative Trustees if the Delaware Trustee is required to join in any filing or execute on behalf of the Trust any document pursuant to the provisions of paragraph 4 hereof and, upon giving such notice, the
Delaware Trustee shall not be required to join in any such filing or execute on behalf of the Trust any such document; provided, further, however, that no resignation of the Delaware Trustee shall be effective until a successor trustee meeting the
requirements set forth in the proviso of the first sentence of this Section 6 has been appointed and has accepted such appointment by instrument executed by such successor Delaware trustee and delivered to the Trust, the Administrative Trustees and
the resigning Delaware Trustee. 
  
 7. To the fullest extent
permitted by applicable law, the Trust agrees to indemnify (i) the Delaware Trustee and Property Trustee, (ii) any affiliate of the Delaware Trustee and Property Trustee, and (iii) any officers, directors, shareholders, members, partners, employees,
representatives, nominees, custodians or agents of the Delaware Trustee and Property Trustee (each of the persons or entities in (i) through (iii) being referred to as an “Indemnified Person”) for, and to hold each Indemnified Person
harmless against, any loss, liability or expense incurred without negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses 

  

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(including reasonable legal fees and expenses) of defending itself against, or investigating, any claim or liability in connection with the exercise or
performance of any of its powers or duties hereunder. The obligation to indemnify as set forth in this paragraph 7 shall survive the termination of this Declaration. The Delaware Trustee shall be a trustee hereunder for the sole and limited purpose
of fulfilling the requirements of Section 3807(a) of the Trust Act. 
  
 8. The Trust may terminate without issuing any Trust Securities at the election of the Administrative Trustees then in office by majority action. 
  
 9. This Declaration may be executed in one or more counterparts, each of which shall be deemed an original, and all of which together shall constitute one
and the same instrument. 
  
 10. This Declaration shall be
governed by the laws of the State of Delaware, without regard to conflict of laws principles. 
  
 [Signatures on following page.] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Declaration of Trust to be duly executed as of
the day and year first above written. 
  

			
	 SUNTRUST DELAWARE TRUST COMPANY,
 as Delaware Trustee

		
	By:	 	/s/ M. Lisa Wilkins
	 	 	 Name: M. Lisa Wilkins

	 	 	 Title: Vice President

	
	 SUNTRUST BANK, as Property Trustee

		
	By:	 	/s/ George Hogan
	 	 	 Name: George Hogan

	 	 	 Title: Vice President

	
	 JONATHAN H. PARKER, as Administrative Trustee

	
	 /s/    Jonathan H. Parker

	
	 EMANUELA M. ALLGOOD, as Administrative Trustee

	
	 /s/    Emanuela M. Allgood

	
	 CARISSA J.S. BARBER, as Administrative Trustee

	
	 /s/    Carissa J.S. Barber

  

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