Common use of Issuance of the Preferred Securities Clause in Contracts

Issuance of the Preferred Securities. Contemporaneously with the execution and delivery of this Trust Agreement, the Administrative Trustees, on behalf of the Trust, shall execute and, upon the written order of any Administrative Trustee, the Property Trustee shall authenticate and 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 the aggregate purchase price of such Preferred Securities of $________, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Mony Group Inc), Trust Agreement (Mony Group Inc)

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Issuance of the Preferred Securities. Contemporaneously with ------------------------------------ the execution and delivery of this Trust Agreement, the Administrative Trustees, on behalf of the Trust, shall execute and, upon the written order of any Administrative Trustee, the Property Trustee shall authenticate and 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 $______, $ (the "Preferred Securities") against receipt of the aggregate purchase price of such Preferred Securities of $________$ , which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Duke Capital Financing Trust Iii), Trust Agreement (Duke Energy Capital Trust Ii)

Issuance of the Preferred Securities. Contemporaneously with the execution and delivery of this Trust AgreementOn [______ __], 199[9], the Depositor and an Administrative TrusteesTrustee on behalf of the Trust executed and delivered the Underwriting Agreement. On the Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and, upon the written order of any Administrative Trustee, the Property Trustee shall authenticate in accordance with Section 5.2 and deliver to the underwriters Purchasers 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 the aggregate purchase price of such Preferred Securities of $__________, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Declaration of Trust (Boise Cascade Trust Iii)

Issuance of the Preferred Securities. Contemporaneously with the execution and delivery of this Trust Agreement, the Administrative Trustees, on behalf of the Trust, shall execute and, upon the written order of any Administrative Trustee, the Property Trustee shall authenticate and 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 $______, __ (the "Preferred Securities") against receipt of the aggregate purchase price of such Preferred Securities of $________, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Defs Capital Trust I)

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Issuance of the Preferred Securities. The Depositor, on behalf of the Trust, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, one of the Administrative Trustees, on behalf of the TrustTrust in accordance with Section 5.02 and the Underwriting Agreement, shall execute and, upon the written order of any Administrative Trustee, the Property Trustee shall authenticate manually and deliver to the underwriters named in the Underwriting Agreement a Preferred Securities CertificatesCertificate, registered in the name of the nominee of the initial Clearing AgencySecurities Depository, in an aggregate amount of __________ Preferred Securities having an aggregate Liquidation Amount of $______, ____ against receipt of the aggregate purchase price of such Preferred Securities of $__________, which amount the such Administrative Trustees Trustee shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Entergy Gulf States Capital I)

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