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

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Thousand Dollars ($1,550,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Thousand Dollars ($1,550,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) Preferred Securities having an aggregate Liquidation Amount of Fifty Million Dollars ($50,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Million Five Hundred Fifty Thousand Dollars ($51,550,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Million Five Hundred Fifty Thousand Dollars ($51,550,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 4 contracts

Samples: Trust Agreement (CBRE Realty Finance Inc), Trust Agreement (Novastar Financial Inc), Trust Agreement (Uici)

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Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 1,238 Common Securities having an aggregate Liquidation Amount of One Million Five Two Hundred Fifty Thirty Eight Thousand Dollars ($1,550,0001,238,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Two Hundred Fifty Thirty Eight Thousand Dollars ($1,550,0001,238,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 40,000 Preferred Securities having an aggregate Liquidation Amount of Fifty Forty Million Dollars ($50,000,000), 40,000,000) an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty Forty One Million Five Two Hundred Fifty Thirty Eight Thousand Dollars ($51,550,00041,238,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty Forty One Million Five Two Hundred Fifty Thirty Eight Thousand Dollars ($51,550,00041,238,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 2 contracts

Samples: Trust Agreement (Bresler & Reiner Inc), Trust Agreement (Extra Space Storage Inc.)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Thousand Dollars ($1,550,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Thousand Dollars ($1,550,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) Preferred Securities having an aggregate Liquidation Amount of Fifty Million Dollars ($50,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty Fifty-One Million Five Hundred Fifty Thousand Dollars ($51,550,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty Fifty-One Million Five Hundred Fifty Thousand Dollars ($51,550,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 2 contracts

Samples: And Restated Trust Agreement (Gramercy Capital Corp), Trust Agreement (Gramercy Capital Corp)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 1,547 Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Forty Seven Thousand Dollars ($1,550,0001,547,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Forty Seven Thousand Dollars ($1,550,0001,547,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 50,000 Preferred Securities having an aggregate Liquidation Amount of Fifty Million Dollars ($50,000,000), ) an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Million Five Hundred Fifty Forty Seven Thousand Dollars ($51,550,00051,547,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Million Five Hundred Fifty Forty Seven Thousand Dollars ($51,550,00051,547,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 2 contracts

Samples: Trust Agreement (Homebanc Corp), Trust Agreement (Homebanc Corp)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty Ninety (1,5501,090) Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Ninety Thousand Dollars ($1,550,0001,090,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Ninety Thousand Dollars ($1,550,0001,090,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thirty Five Thousand (50,00035,000) Preferred Securities having an aggregate Liquidation Amount of Fifty Thirty Five Million Dollars ($50,000,00035,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Thirty Six Million Five Hundred Fifty Ninety Thousand Dollars ($51,550,00036,090,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Thirty Six Million Five Hundred Fifty Ninety Thousand Dollars ($51,550,00036,090,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 2 contracts

Samples: Trust Agreement (Geovera Insurance Holdings, Ltd.), Trust Agreement (Geovera Insurance Holdings, Ltd.)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 1,545 Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Forty-Five Thousand Dollars ($1,550,0001,545,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Forty-Five Thousand Dollars ($1,550,0001,545,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 50,000 Preferred Securities having an aggregate Liquidation Amount of Fifty Million Dollars ($50,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty Fifty- One Million Five Hundred Fifty Forty-Five Thousand Dollars ($51,550,00051,545,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty Fifty-One Million Five Hundred Fifty Forty- Five Thousand Dollars ($51,550,00051,545,000) (being the sum of the aggregate amount paid by the Holders for the Preferred Securities, Securities and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 1,392 Common Securities having an aggregate Liquidation Amount of One Million Five Three Hundred Fifty Ninety-Two Thousand Dollars ($1,550,0001,392,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Three Hundred Fifty Ninety-Two Thousand Dollars ($1,550,0001,392,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 45,000 Preferred Securities having an aggregate Liquidation Amount of Fifty Forty-Five Million Dollars ($50,000,00045,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Forty-Six Million Five Three Hundred Fifty Ninety-Three Thousand Dollars ($51,550,00046,393,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Forty-Six Million Five Three Hundred Fifty Ninety-Three Thousand Dollars ($51,550,00046,393,000) (being the aggregate amount paid by the Holders for the Preferred Securities, Securities and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Deerfield Triarc Capital Corp)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 1,550 Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Thousand Dollars ($1,550,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Thousand Dollars ($1,550,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 50,000 Preferred Securities having an aggregate Liquidation Amount of Fifty Million Dollars ($50,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Million Five Hundred Fifty Thousand Dollars ($51,550,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Million Five Hundred Fifty Thousand Dollars ($51,550,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Deerfield Triarc Capital Corp)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 1,545 Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Forty-Five Thousand Dollars dollars ($1,550,0001,545,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Forty-Five Thousand Dollars dollars ($1,550,0001,545,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 50,000 Preferred Securities having an aggregate Liquidation Amount of Fifty Million Dollars dollars ($50,000,000), an Administrative Trustee, on behalf of the Trust, shall subscribe for and purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty Fifty-One Million Five Hundred Fifty Forty-Five Thousand Dollars dollars ($51,550,00051,545,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty Fifty-One Million Five Hundred Fifty Forty-Five Thousand Dollars dollars ($51,550,00051,545,000) (being the sum of the aggregate amount paid by the Holders for the Preferred Securities, Securities and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Capitalsource Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 1,550 Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Thousand Dollars ($1,550,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Thousand Dollars ($1,550,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 50,000 Preferred Securities having an aggregate Liquidation Amount of Fifty Million Dollars ($50,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty Fifty-One Million Five Hundred Fifty Thousand Dollars ($51,550,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty Fifty-One Million Five Hundred Fifty Thousand Dollars ($51,550,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Capital Trust Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 774 Common Securities having an aggregate Liquidation Amount of One Million Five Seven Hundred Fifty Seventy-Four Thousand Dollars ($1,550,000774,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Seven Hundred Fifty Seventy-Four Thousand Dollars ($1,550,000774,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 25,000 Preferred Securities having an aggregate Liquidation Amount of Fifty Twenty-Five Million Dollars ($50,000,00025,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Twenty-Five Million Five Seven Hundred Fifty Seventy-Four Thousand Dollars ($51,550,00025,774,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Twenty-Five Million Five Seven Hundred Fifty Seventy-Four Thousand Dollars ($51,550,00025,774,000) (being the aggregate amount paid by the Holders for the Preferred Securities, Securities and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Deerfield Triarc Capital Corp)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 1,545 Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Forty-Five Thousand Dollars ($1,550,0001,545,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Forty-Five Thousand Dollars ($1,550,0001,545,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 50,000 Preferred Securities having an aggregate Liquidation Amount of Fifty Million Dollars ($50,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty Fifty-One Million Five Hundred Fifty Forty-Five Thousand Dollars ($51,550,00051,545,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty Fifty-One Million Five Hundred Fifty Forty-Five Thousand Dollars ($51,550,00051,545,000) (being the sum of the aggregate amount paid by the Holders for the Preferred Securities, Securities and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (New Century Financial Corp)

Issuance of the Common Securities; Subscription and Purchase of Notes. (a) On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute executed and deliver delivered to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Thousand Dollars ($1,550,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Thousand Dollars ($1,550,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) Preferred Securities having an aggregate Liquidation Amount of Fifty Million Dollars ($50,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase purchased from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Million Five Hundred Fifty Thousand Dollars ($51,550,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver delivered to the Depositor the sum of Fifty One Million Five Hundred Fifty Thousand Dollars ($51,550,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Novastar Financial Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 696 Common Securities having an aggregate Liquidation Amount of One Million Five Six Hundred Fifty Ninety Six Thousand Dollars ($1,550,000696,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Six Hundred Fifty Ninety Six Thousand Dollars ($1,550,000696,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 22,500 Preferred Securities having an aggregate Liquidation Amount of Fifty Twenty Two Million Five Hundred Thousand Dollars ($50,000,000), 22,500,000) an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty Twenty Three Million One Million Five Hundred Fifty Ninety Six Thousand Dollars ($51,550,00023,196,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty Twenty Three Million One Million Five Hundred Fifty Ninety Six Thousand Dollars ($51,550,00023,196,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: And (Levitt Corp)

Issuance of the Common Securities; Subscription and Purchase of Notes. (a) On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute executed and deliver delivered to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five One Hundred Fifty Thirty (1,5501,130) Common Securities having an aggregate Liquidation Amount of One Million Five One Hundred Fifty Thirty Thousand Dollars ($1,550,0001,130,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five One Hundred Fifty Thirty Thousand Dollars ($1,550,0001,130,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Thirty Six Thousand Two Hundred Fifty Thousand (50,00036,250) Preferred Securities having an aggregate Liquidation Amount of Thirty Six Million Two Hundred Fifty Million Thousand Dollars ($50,000,00036,250,000), an Administrative Trustee, on behalf of the Trust, shall purchase purchased from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Thirty Seven Million Five Three Hundred Fifty Eighty Thousand Dollars ($51,550,00037,380,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver delivered to the Depositor the sum of Fifty One Thirty Seven Million Five Three Hundred Fifty Eighty Thousand Dollars ($51,550,00037,380,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Anworth Mortgage Asset Corp)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Seven Hundred Fifty Eight (1,550780) Common Securities having an aggregate Liquidation Amount of One Million Five Seven Hundred Fifty Eighty Thousand Dollars ($1,550,000780,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Seven Hundred Fifty Eighty Thousand Dollars ($1,550,000780,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Twenty Five Thousand (50,00025,000) Preferred Securities having an aggregate Liquidation Amount of Fifty Twenty Five Million Dollars ($50,000,00025,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Twenty Five Million Five Seven Hundred Fifty Eighty Thousand Dollars ($51,550,00025,780,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Twenty Five Million Five Seven Hundred Fifty Eighty Thousand Dollars ($51,550,00025,780,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Impac Mortgage Holdings Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Eight Hundred Fifty Seventy (1,550870) Common Securities having an aggregate Liquidation Amount of One Million Five Eight Hundred Fifty Seventy Thousand Dollars ($1,550,000870,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Eight Hundred Fifty Seventy Thousand Dollars ($1,550,000870,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Twenty-Eight Thousand One Hundred Twenty-Five (50,00028,125) Preferred Securities having an aggregate Liquidation Amount of Fifty Twenty-Eight Million One Hundred Twenty-Five Thousand Dollars ($50,000,00028,125,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Twenty-Eight Million Nine Hundred Ninety-Five Hundred Fifty Thousand Dollars ($51,550,00028,995,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Twenty-Eight Million Nine Hundred Ninety-Five Hundred Fifty Thousand Dollars ($51,550,00028,995,000) (being the sum of the aggregate amount paid by the Holders for the Preferred Securities, Securities and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Great Wolf Resorts, Inc.)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty four hundred and twenty (1,550420) Common Securities having an aggregate Liquidation Amount of One Million Five Four Hundred Fifty and Twenty Thousand Dollars ($1,550,000420,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Four Hundred Fifty and Twenty Thousand Dollars ($1,550,000420,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thirteen Thousand Three Hundred and Thirty Thousand (50,00013,330) Preferred Securities having an aggregate Liquidation Amount of Fifty Thirteen Million Three Hundred and Thirty Thousand Dollars ($50,000,00013,330,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Thirteen Million Five Seven Hundred and Fifty Thousand Dollars ($51,550,00013,750,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Thirteen Million Five Seven Hundred and Fifty Thousand Dollars ($51,550,00013,750,000) (being the aggregate amount paid by the Holders for the Preferred Securities, Securities and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Pacific Crest Capital Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 2,325 Common Securities having an aggregate Liquidation Amount of One Two Million Three Hundred Twenty-Five Hundred Fifty Thousand Dollars ($1,550,0002,325,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Two Million Three Hundred Twenty-Five Hundred Fifty Thousand Dollars ($1,550,0002,325,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 75,000 Preferred Securities having an aggregate Liquidation Amount of Fifty Seventy-Five Million Dollars ($50,000,00075,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Depositor, Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Seventy-Seven Million Three Hundred Twenty-Five Hundred Fifty Thousand Dollars ($51,550,00077,325,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Seventy-Seven Million Three Hundred Twenty-Five Hundred Fifty Thousand Dollars ($51,550,00077,325,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Capital Trust Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty Eighty Three (1,5501,083) Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Eighty Three Thousand Dollars ($1,550,0001,083,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Eighty Three Thousand Dollars ($1,550,0001,083,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thirty Five Thousand (50,00035,000) Preferred Securities having an aggregate Liquidation Amount of Fifty Thirty-Five Million Dollars ($50,000,00035,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Thirty Six Million Five Hundred Fifty Eighty Three Thousand Dollars ($51,550,00036,083,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Thirty Six Million Five Hundred Fifty Eighty Three Thousand Dollars ($51,550,00036,083,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Novastar Financial Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 470 Common Securities having an aggregate Liquidation Amount of One Million Five Four Hundred Fifty Seventy Thousand Dollars ($1,550,000470,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Four Hundred Fifty Seventy Thousand Dollars ($1,550,000470,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 15,000 Preferred Securities having an aggregate Liquidation Amount of Fifty Fifteen Million Dollars ($50,000,00015,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Fifteen Million Five Four Hundred Fifty Seventy Thousand Dollars ($51,550,00015,470,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Fifteen Million Five Four Hundred Fifty Seventy Thousand Dollars ($51,550,00015,470,000) (being the aggregate amount paid by the Holders for the Preferred Securities, net of the discount, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (State National Bancshares, Inc.)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 3,866 Common Securities having an aggregate Liquidation Amount of One Three Million Five Eight Hundred Fifty Sixty Six Thousand Dollars ($1,550,0003,866,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Three Million Five Eight Hundred Fifty Sixty Six Thousand Dollars ($1,550,0003,866,000). Contemporaneously therewith and with the (9) CapitalSource Finance LLC. sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 125,000 Preferred Securities having an aggregate Liquidation Amount of Fifty One Hundred Twenty Five Million Dollars ($50,000,000), 125,000,000) an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Hundred Twenty Eight Million Five Eight Hundred Fifty Sixty Six Thousand Dollars ($51,550,000128,866,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Hundred Twenty Eight Million Five Eight Hundred Fifty Sixty Six Thousand Dollars ($51,550,000128,866,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Capitalsource Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Four Hundred Fifty and Sixty Four (1,550464) Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Thousand Dollars ($1,550,000)464,000, against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Four Hundred Fifty and Sixty Four Thousand Dollars ($1,550,000464,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Fifteen Thousand (50,00015,000) Preferred Securities having an aggregate Liquidation Amount of Fifty Fifteen Million Dollars ($50,000,00015,000,000), an Administrative Trustee, on behalf of the Trust, shall subscribe for and purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Fifteen Million Five Four Hundred Fifty and Sixty Four Thousand Dollars ($51,550,00015,464,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Fifteen Million Five Hundred Fifty and Fourteen Thousand Dollars ($51,550,00015,014,000) (being the aggregate amount paid by the Holders for the Preferred Securities, net of the discount, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Bankatlantic Bancorp Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 1,130 Common Securities having an aggregate Liquidation Amount of One Million Five One Hundred Fifty Thirty Thousand Dollars ($1,550,0001,130,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five One Hundred Fifty Thirty Thousand Dollars ($1,550,0001,130,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 36,250 Preferred Securities having an aggregate Liquidation Amount of Thirty Six Million Two Hundred Fifty Million Thousand Dollars ($50,000,00036,250,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Thirty Seven Million Five Three Hundred Fifty Eighty Thousand Dollars ($51,550,00037,380,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Thirty Seven Million Five Three Hundred Fifty Eighty Thousand Dollars ($51,550,00037,380,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Anworth Mortgage Asset Corp)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 619 Common Securities having an aggregate Liquidation Amount of One Million Five Six Hundred Fifty Nineteen Thousand Dollars ($1,550,000619,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Six Hundred Fifty Nineteen Thousand Dollars ($1,550,000619,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 20,000 Preferred Securities having an aggregate Liquidation Amount of Fifty Twenty Million Dollars ($50,000,000), 20,000,000) an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Twenty Million Five Six Hundred Fifty Nineteen Thousand Dollars ($51,550,00020,619,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Twenty Million Five Six Hundred Fifty Nineteen Thousand Dollars ($51,550,00020,619,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Sunset Financial Resources Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, Trust shall execute and deliver issue to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing Holders an aggregate of Twenty-Eight Thousand One Thousand Hundred Twenty-Five Hundred Fifty (1,550) Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Thousand Dollars ($1,550,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Thousand Dollars ($1,550,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,00028,125) Preferred Securities having an aggregate Liquidation Amount of Fifty Twenty-Eight Million One Hundred Twenty-Five Thousand Dollars ($50,000,00028,125,000) in exchange for the Original Preferred Securities (as defined in the Exchange Agreement). Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Twenty-Eight Million Nine Hundred Ninety-Five Hundred Fifty Thousand Dollars ($51,550,00028,995,000), and, in satisfaction of the purchase price for such Notes, the Property Trust shall deliver to the Depositor the Common Securities and the Original Preferred Securities and an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the sum name of Fifty One Million Five the Depositor, evidencing an aggregate of Eight Hundred Fifty Seventy (870) Common Securities having an aggregate Liquidation Amount of Eight Hundred Seventy Thousand Dollars ($51,550,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities870,000).

Appears in 1 contract

Samples: Trust Agreement (Great Wolf Resorts, Inc.)

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Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 870 Common Securities having an aggregate Liquidation Amount of One Million Five Eight Hundred Fifty Seventy Thousand Dollars ($1,550,000870,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Eight Hundred Fifty Seventy Thousand Dollars ($1,550,000870,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Twenty Eight Thousand One Hundred Twenty Five (50,00028,125) Preferred Securities having an aggregate Liquidation Amount of Fifty Twenty Eight Million One Hundred Twenty Five Thousand Dollars ($50,000,00028,125,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Twenty Eight Million Nine Hundred Ninety Five Hundred Fifty Thousand Dollars ($51,550,00028,995,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Twenty Eight Million Nine Hundred Ninety Five Hundred Fifty Thousand Dollars ($51,550,00028,995,000) (being the sum of the aggregate amount paid by the Holders for the Preferred Securities, Securities and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Alesco Financial Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty one hundred ninety (1,550190) Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Ninety Thousand Dollars ($1,550,000190,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Ninety Thousand Dollars ($1,550,000190,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Six Thousand (50,0006,000) Preferred Securities having an aggregate Liquidation Amount of Fifty Six Million Dollars ($50,000,0006,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty Six Million One Million Five Hundred Fifty Ninety Thousand Dollars ($51,550,0006,190,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty Six Million One Million Five Hundred Fifty and Thirty Thousand Dollars ($51,550,0006,190,000) (being the aggregate amount paid by the Holders for the Preferred Securities, Securities and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Pacific Crest Capital Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of Three Thousand One Thousand Five Hundred Fifty (1,5503,100) Common Securities having an aggregate Liquidation Amount of Three Million One Million Five Hundred Fifty Thousand Dollars ($1,550,000)3,100,000, against receipt by the Trust of the aggregate purchase price of such Common Securities of Three Million One Million Five Hundred Fifty Thousand Dollars ($1,550,0003,100,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty One Hundred Thousand (50,000100,000) Preferred Securities having an aggregate Liquidation Amount of Fifty One Hundred Million Dollars ($50,000,000100,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Hundred Three Million Five One Hundred Fifty Thousand Dollars ($51,550,000103,100,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Hundred Three Million Five One Hundred Fifty Thousand Dollars ($51,550,000103,100,000 ) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Sl Green Realty Corp)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Eight Hundred Fifty Twenty (1,550820) Common Securities having an aggregate Liquidation Amount of One Million Five Eight Hundred Fifty Twenty Thousand Dollars ($1,550,000820,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Eight Hundred Fifty Twenty Thousand Dollars ($1,550,000820,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Twenty Six Thousand Two Hundred Fifty Thousand (50,00026,250) Preferred Securities having an aggregate Liquidation Amount of Twenty Six Million Two Hundred Fifty Million Thousand Dollars ($50,000,00026,250,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Twenty Seven Million Five Hundred Fifty Seventy Thousand Dollars ($51,550,00027,070,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Twenty Seven Million Five Hundred Fifty Seventy Thousand Dollars ($51,550,00027,070,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Impac Mortgage Holdings Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Thousand Dollars ($1,550,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Thousand Dollars ($1,550,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) Preferred Securities having an aggregate Liquidation Amount of Fifty Million Dollars ($50,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty Fifty-One Million Five Hundred Fifty Thousand Dollars ($51,550,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty Fifty-One Million Five Hundred Fifty Thousand Dollars ($51,550,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Crystal River Capital, Inc.)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 1,083 Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Eighty Three Thousand Dollars ($1,550,0001,083,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Eighty Three Thousand Dollars ($1,550,0001,083,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 35,000 Preferred Securities having an aggregate Liquidation Amount of Fifty Thirty Five Million Dollars ($50,000,000), 35,000,000) an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Thirty Six Million Five Hundred Fifty Thousand Dollars Eighty Three ThousandDollars ($51,550,00036,083,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Thirty Six Million Five Hundred Fifty Eighty Three Thousand Dollars ($51,550,00036,083,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Capstead Mortgage Corp)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Six Thousand Five Two Hundred Fifty (1,5506,200) Common Securities having an aggregate Liquidation Amount of One Six Million Five Two Hundred Fifty Thousand Dollars ($1,550,0006,200,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Six Million Five Two Hundred Fifty Thousand Dollars ($1,550,0006,200,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Two Hundred Thousand (50,000200,000) Preferred Securities having an aggregate Liquidation Amount of Fifty Two Hundred Million Dollars ($50,000,000200,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Two Hundred Six Million Five Two Hundred Fifty Thousand Dollars ($51,550,000206,200,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Two Hundred Six Million Five Two Hundred Fifty Thousand Dollars ($51,550,000206,200,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Amended and Restated Trust Agreement (Lexington Realty Trust)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 812 Common Securities having an aggregate Liquidation Amount of One Million Five Eight Hundred Fifty Twelve Thousand Dollars ($1,550,000812,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Eight Hundred Fifty Twelve Thousand Dollars ($1,550,000812,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 26,250 Preferred Securities having an aggregate Liquidation Amount of Twenty Six Million Two Hundred Fifty Million Thousand Dollars ($50,000,000), 26,250,000) an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Twenty Seven Million Five Hundred Fifty Sixty Two Thousand Dollars ($51,550,00027,062,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Twenty Seven Million Five Hundred Fifty Sixty Two Thousand Dollars ($51,550,00027,062,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Jameson Inns Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Thousand Dollars ($1,550,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Thousand Dollars ($1,550,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 50,000 Preferred Securities having an aggregate Liquidation Amount of Fifty Million Dollars ($50,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Million Five Hundred Fifty Thousand Dollars ($51,550,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Million Five Hundred Fifty Thousand Dollars ($51,550,000) 51,550,000 (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Gramercy Capital Corp)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 3,093 Common Securities having an aggregate Liquidation Amount of One Three Million Five Hundred Fifty Ninety Three Thousand Dollars ($1,550,0003,093,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Three Million Five Hundred Fifty Ninety Three Thousand Dollars ($1,550,0003,093,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 100,000 Preferred Securities having an aggregate Liquidation Amount of Fifty One Hundred Million Dollars ($50,000,000), 100,000,000) an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Hundred Three Million Five Hundred Fifty Thousand Dollars Ninety Three ThousandDollars ($51,550,000103,093,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Hundred Three Million Five Hundred Fifty Ninety Three Thousand Dollars ($51,550,000103,093,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Istar Financial Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 3,093 Common Securities having an aggregate Liquidation Amount of One Three Million Five Hundred Fifty Ninety Three Thousand Dollars ($1,550,0003,093,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Three Million Five Hundred Fifty Ninety Three Thousand Dollars ($1,550,0003,093,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 100,000 Preferred Securities having an aggregate Liquidation Amount of Fifty One Hundred Million Dollars ($50,000,000100,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Hundred Three Million Five Hundred Fifty Ninety Three Thousand Dollars ($51,550,000103,093,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Hundred Million Five Hundred Fifty Ninety Three Thousand Dollars ($51,550,000103,093,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Beazer Homes Usa Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) 1,560 Common Securities having an aggregate Liquidation Amount of One Million Million, Five Hundred Fifty Thousand Dollars ($1,550,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Million, Five Hundred Fifty Thousand Dollars ($1,550,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) 50,000 Preferred Securities having an aggregate Liquidation Amount of Fifty Million Dollars ($50,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty Fifty-One Million Five Hundred Fifty Thousand Dollars ($51,550,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty Fifty-One Million Five Hundred Fifty Thousand Dollars ($51,550,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Great Wolf Resorts, Inc.)

Issuance of the Common Securities; Subscription and Purchase of Notes. (a) On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute executed and deliver delivered to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty (1,550) Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Thousand Dollars Dollars, ($1,550,000), ) against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Thousand Dollars Dollars, ($1,550,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Thousand (50,000) Preferred Securities having an aggregate Liquidation Amount of Fifty Million Dollars ($50,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase purchased from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Million Five Hundred Fifty Thousand Dollars Dollars, ($51,550,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver delivered to the Depositor the sum of Fifty One Million Five Hundred Fifty Thousand Dollars Dollars, ($51,550,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

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

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Three Hundred Fifty and Ten (1,550310) Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Thousand Dollars ($1,550,000)310,000, against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Three Hundred Fifty and Ten Thousand Dollars ($1,550,000310,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Ten Thousand (50,00010,000) Preferred Securities having an aggregate Liquidation Amount of Fifty Ten Million Dollars ($50,000,00010,000,000), an Administrative Trustee, on behalf of the Trust, shall subscribe for and purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Ten Million Five Three Hundred Fifty and Ten Thousand Dollars ($51,550,00010,310,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Ten Million Five Hundred Fifty and Ten Thousand Dollars ($51,550,00010,010,000) (being the aggregate amount paid by the Holders for the Preferred Securities, net of the discount, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (Bankatlantic Bancorp Inc)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty eight hundred twenty (1,550820) Common Securities having an aggregate Liquidation Amount of One Million Five Eight Hundred Fifty Twenty Thousand Dollars ($1,550,000820,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Eight Hundred Fifty Twenty Thousand Dollars ($1,550,000820,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Twenty Six Thousand Two Hundred Fifty Thousand (50,00026,250) Preferred Securities having an aggregate Liquidation Amount of Twenty Six Million Two Hundred Fifty Million Thousand Dollars ($50,000,00026,250,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty One Twenty Seven Million Five Hundred Fifty Seventy Thousand Dollars ($51,550,000), 27,070,000) and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty One Twenty Seven Million Five Hundred Fifty Seventy Thousand Dollars ($51,550,00027,070,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (PMC Commercial Trust /Tx)

Issuance of the Common Securities; Subscription and Purchase of Notes. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, evidencing an aggregate of One Thousand Five Hundred Fifty Sixty (1,550160) Common Securities having an aggregate Liquidation Amount of One Million Five Hundred Fifty Sixty Thousand Dollars ($1,550,000160,000), against receipt by the Trust of the aggregate purchase price of such Common Securities of One Million Five Hundred Fifty Sixty Thousand Dollars ($1,550,000160,000). Contemporaneously therewith and with the sale by the Trust to the Holders of an aggregate of Fifty Five Thousand (50,0005,000) Preferred Securities having an aggregate Liquidation Amount of Fifty Five Million Dollars ($50,000,0005,000,000), an Administrative Trustee, on behalf of the Trust, shall purchase from the Depositor Notes, to be registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Fifty Five Million One Million Five Hundred Fifty Sixty Thousand Dollars ($51,550,0005,160,000), and, in satisfaction of the purchase price for such Notes, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of Fifty Five Million One Million Five Hundred Fifty Sixty Thousand Dollars ($51,550,0005,160,000) (being the aggregate amount paid by the Holders for the Preferred Securities, and the amount paid by the Depositor for the Common Securities).

Appears in 1 contract

Samples: Trust Agreement (American Safety Insurance Holdings LTD)

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