Trust Common Securities definition

Trust Common Securities means the securities representing common undivided beneficial interests in the assets of the Trust.

Trust Common Securities has the meaning specified in the Recitals.

Trust Common Securities has the meaning specified in Section 8.1 of the Declaration.

Examples of Trust Common Securities in a sentence

• What are the APEX?APEX and the Trust Common Securities represent beneficial interests in the Trust.

• At completion of this offering, the only beneficial interests in the Trust that will be outstanding are the Normal APEX and the Trust Common Securities.

• The Company will acquire Trust Common Securities in an amount equal to at least 3% of the total capital of the Trust.

• Until all Trust Enforcement Events with respect to the Trust Preferred Securities have been so cured, waived or otherwise eliminated, the Property Trustee shall act solely on behalf of the holders of the Trust Preferred Securities and not on behalf of the holder of the Trust Common Securities, and only the holders of the Trust Preferred Securities will have the right to direct the Property Trustee to act on their behalf.

• USE OF PROCEEDS The proceeds to be received by the Trust from the sale of the Trust Preferred Securities and the Trust Common Securities will be used by the Trust to purchase Partnership Preferred Securities, and will be applied by the Partnership to invest in Debentures and Eligible Debt Securities.

More Definitions of Trust Common Securities

Trust Common Securities means the common securities of the Issuer Trust issued pursuant to the Trust Agreement.

Trust Common Securities has the meaning specified in the recitals to this Instrument.

Trust Common Securities has the meaning specified in the first recital of this Indenture.]

Trust Common Securities means the 11.6% trust common securities of The Xxxxxxx Group Capital Trust held by The Xxxxxxx Companies, Inc.

Trust Common Securities means the common securities representing subordinated undivided beneficial interests in the assets of the Issuer in accordance with the Declaration that are issued by the Issuer on the Closing Date or Option Closing Date (as such terms are defined in the Underwriting Agreement). All Trust Common Securities issued by the Trust are deemed to have been issued as of the Closing Date.

Trust Common Securities has the meaning specified in the first recital of this Indenture.

Trust Common Securities shall have the meaning set forth in Section 2.5 hereof.