Common use of Authorized Trust Securities Clause in Contracts

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

Samples: Trust Agreement (Novastar Financial Inc)

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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)

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

Samples: Trust Agreement (Bimini Capital Management, Inc.)

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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

Samples: Trust Agreement (Anworth Mortgage Asset Corp)

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