Authorized Trust Securities. The Trust shall be authorized to issue two series of Preferred Securities having an aggregate Liquidation Amount of $50,000,000 (made up of Series A Preferred Securities having an aggregate Liquidation Amount of $25,000,000 and Series B Preferred Securities having an aggregate Liquidation Amount of $25,000,000) and two series of Common Securities having an aggregate Liquidation Amount of $1,550,000 (made up of Series A Common Securities having an aggregate Liquidation Amount of $775,000 and Series B Common Securities having an aggregate Liquidation Amount of $775,000).
Appears in 1 contract
Authorized Trust Securities. The Trust shall be authorized to issue two series of Preferred Securities having an aggregate Liquidation Amount of $50,000,000 (made up of Series A Preferred Securities having an aggregate Liquidation Amount of $25,000,000 970,000 and Series B Preferred Securities having an aggregate Liquidation Amount of $25,000,00049,030,000) and two series of Common Securities having an aggregate Liquidation Amount of $1,550,000 (made up of Series A Common Securities having an aggregate Liquidation Amount of $775,000 31,000 and Series B Common Securities having an aggregate Liquidation Amount of $775,0001,519,000).
Appears in 1 contract
Authorized Trust Securities. The Trust shall be authorized to issue two series of Preferred Securities having an aggregate Liquidation Amount of $50,000,000 36,250,000 (made up of Series A Preferred Securities having an aggregate Liquidation Amount of $25,000,000 15,000,000 and Series B Preferred Securities having an aggregate Liquidation Amount of $25,000,00021,250,000) and two series of Common Securities having an aggregate Liquidation Amount of $1,550,000 1,130,000 (made up of Series A Common Securities having an aggregate Liquidation Amount of $775,000 452,000 and Series B Common Securities having an aggregate Liquidation Amount of $775,000678,000).
Appears in 1 contract
Authorized Trust Securities. The Trust shall be authorized to issue two series of Preferred Securities having an aggregate Liquidation Amount of $50,000,000 40,000,000 (made of up of Series A Preferred Securities having an aggregate Liquidation Amount of $25,000,000 26,250,000 and Series B Preferred Securities having an aggregate Liquidation Amount of $25,000,00013,750,000) and two series of Common Securities having an aggregate Liquidation Amount of $1,550,000 1,240,000 (made of up of Series A Common Securities having an aggregate Liquidation Amount of $775,000 814,000 and Series B Common Securities having an aggregate Liquidation Amount of $775,000426,000).
Appears in 1 contract
Samples: Trust Agreement (Northstar Realty)