Common use of Issuance of the Common Securities; Subscription and Purchase of Debentures Clause in Contracts

Issuance of the Common Securities; Subscription and Purchase of Debentures. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of __,___ Common Securities having an aggregate Liquidation Amount of $__,___,000 against payment by the Depositor of an aggregate purchase price therefor of $__,___,000, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of the Trust and having an aggregate principal amount equal to $___,___,,000, and, in satisfaction of the purchase price plus accrued interest from January _, 1997 for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of $___,___,___ (being the sum of the amounts delivered to the Property Trustee pursuant to (i) the second sentence of Section 2.4 and (ii) the first sentence of this Section 2.5).

Appears in 2 contracts

Samples: Trust Agreement (Chase Capital Iii), Trust Agreement (Chase Capital Iii)

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Issuance of the Common Securities; Subscription and Purchase of Debentures. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of __,___ Common Securities having an aggregate Liquidation Amount of $__,___,000 against payment by the Depositor of an aggregate purchase price therefor of $__,___,000, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of the Trust Property Trustee and having an aggregate principal amount equal to $___,___,,000, and, in satisfaction of the purchase price plus accrued interest from January _, 1997 ________________ for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of $___,___,___ (being the sum of the amounts delivered to the Property Trustee pursuant to (i) the second sentence of Section 2.4 and (ii) the first sentence of this Section 2.5).

Appears in 1 contract

Samples: Trust Agreement (Chase Capital Ix)

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Issuance of the Common Securities; Subscription and Purchase of Debentures. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of __,___ Common Securities having an aggregate Liquidation Amount of $__,___,000 against payment by the Depositor of an aggregate purchase price therefor of $__,___,000, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of the Trust and having an aggregate principal amount equal to $___,___,,000, and, in satisfaction of the purchase price plus accrued interest from January _, 1997 ________________ for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of $___,___,___ (being the sum of the amounts delivered to the Property Trustee pursuant to (i) the second sentence of Section 2.4 and (ii) the first sentence of this Section 2.5).

Appears in 1 contract

Samples: Trust Agreement (Chase Capital Vi)

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