Common use of Issuance of the Preferred Securities Clause in Contracts

Issuance of the Preferred Securities. The Depositor, both on its own behalf and on behalf of the Trust and as Trust sponsor under the Original Trust Agreement, has executed and delivered the Underwriting Agreement. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute, and the Property Trustee shall authenticate, in accordance with Section 5.3 and such Administrative Trustee shall deliver to the Underwriters named in the Underwriting Agreement Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, in an aggregate amount of ___________Preferred Securities having an aggregate Liquidation Amount of $___________, against receipt of an aggregate purchase price of such Preferred Securities of $___________, which amount such Administrative Trustee shall promptly deliver to the Property Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Partnerre LTD), Trust Agreement (Partnerre LTD)

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Issuance of the Preferred Securities. The DepositorOn ______________, both on its own behalf 1999, the Depositor and an Administrative Trustee, on behalf of the Trust and as Trust sponsor under pursuant to the Original Trust Agreement, has executed and delivered the Underwriting Agreement. On Contemporaneously with the Closing Dateexecution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute, execute in accordance with Section 5.02 and the Property Trustee shall authenticatedeliver, in accordance with Section 5.3 and such Administrative Trustee shall deliver to the Underwriters named in the Underwriting Agreement Agreement, a Preferred Securities CertificatesCertificate, registered in the name of the nominee of the initial Clearing Agency, in an aggregate amount of ___________Preferred Securities having an aggregate Liquidation Amount of $___________, _ against receipt of an the aggregate purchase price of such Preferred Securities of $___________, which amount such Administrative Trustee shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Flagstar Trust)

Issuance of the Preferred Securities. The (a) On ___________, 200__, the Depositor, both on its own behalf and on behalf of the Trust and as Trust sponsor under pursuant to the Original Trust Agreement, has executed and delivered the Underwriting Agreement. On Contemporaneously with the Closing Dateexecution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute, and the Property Trustee shall authenticate, execute in accordance with Section 5.3 and such Administrative Trustee shall deliver to the Underwriters named in the Underwriting Agreement a Preferred Securities CertificatesCertificate, registered in the name of the nominee of the initial Clearing Agency, in an aggregate amount of _____________ Preferred Securities having an aggregate Liquidation Amount of $___________, against receipt of an aggregate purchase price of such Preferred Securities of $___________, against payment of the purchase price therefor in immediately available funds, which amount funds such Administrative Trustee shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Visteon Corp)

Issuance of the Preferred Securities. The DepositorOn ___________, both on its own behalf 1997 the Depositor and an Administrative Trustee, on behalf of the Trust and as Trust sponsor under pursuant to the Original Trust Agreement, has executed and delivered the Underwriting Agreement. On Contemporaneously with the Closing Dateexecution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute, and the Property Trustee shall authenticate, execute in accordance with Section 5.3 5.2 and such Administrative Trustee shall deliver to the Underwriters named in the Underwriting Agreement Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, in an aggregate amount of ____________ Preferred Securities having an aggregate Liquidation Amount of $___________, against receipt of an such aggregate purchase price of such Preferred Securities of $___________, which amount such the Administrative Trustee shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (GBB Capital I)

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Issuance of the Preferred Securities. The DepositorOn ______________, both on its own behalf 1999, the Depositor and an Administrative Trustee, on behalf of the Trust and as Trust sponsor under pursuant to the Original Trust Agreement, has executed and delivered the Underwriting Agreement. On Contemporaneously with the Closing Dateexecution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute, execute in accordance with Section 5.02 and the Property Trustee shall authenticatedeliver, in accordance with Section 5.3 and such Administrative Trustee shall deliver to the Underwriters named in the Underwriting Agreement Agreement, a Preferred Securities CertificatesCertificate, registered in the name of the nominee of the initial Clearing Agency, in an aggregate amount of ___________Preferred Securities having an aggregate Liquidation Amount of $___________, _ against receipt of an the aggregate purchase price of such Preferred Securities of $___________, which amount such Administrative Trustee shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Ebh Capital Trust I)

Issuance of the Preferred Securities. The Depositor, both on its own behalf and on behalf of the Issuer Trust and as Trust sponsor under pursuant to the Original Trust Agreement, has executed and delivered the Underwriting Agreement. On Contemporaneously with the Closing Dateexecution and delivery of this Trust Agreement, an Administrative TrusteeAdministrator, on behalf of the Issuer Trust, shall execute, and the Property Trustee shall authenticate, manually execute in accordance with Section 5.3 and such Administrative the Property Trustee shall authenticate in accordance with Section 5.3 and deliver to the Underwriters named in the Underwriting Agreement Underwriters, Preferred Securities Certificates, registered in the name of names requested by the nominee of the initial Clearing AgencyUnderwriters, in an aggregate amount of ____________ Preferred Securities having an aggregate Liquidation Amount of $___________, against receipt of an the aggregate purchase price of such Preferred Securities of $___________, which amount such Administrative Trustee shall promptly deliver to by the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Provident Trust Ii)

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