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 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 26 contracts

Samples: Trust Agreement (Savannah Electric Capital Trust Ii), Trust Agreement (Savannah Electric & Power Capital Trust I), Trust Agreement (Gulf Power Capital Trust Iii)

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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 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 5 contracts

Samples: Trust Agreement (Southern Co Capital Trust Vii), Trust Agreement (Southern Co Capital Trust Vii), Trust Agreement (Southern Co Capital Trust Vii)

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 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 3 contracts

Samples: Trust Agreement (Duke Capital Financing Trust Vi), Trust Agreement (Duke Capital Financing Trust Vi), Trust Agreement (Duke Capital Financing Trust Vi)

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 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 aggregated 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 (Duke Energy Capital Trust V)

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 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 aggregated 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 (Citizens Communications Co)

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Issuance of the Preferred Securities. The Depositor on behalf of the Trust has executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, the an Administrative TrusteesTrustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the underwriters 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 1 contract

Samples: Trust Agreement (Newfield Financial Trust Ii)

Issuance of the Preferred Securities. Contemporaneously with the execution and delivery of this Trust Agreement, the an Administrative TrusteesTrustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the underwriters named in the Underwriting Agreement Exchange Agent, Preferred Securities Certificates, registered in such names as the name of Depositor shall instruct the nominee of the initial Clearing AgencyAdministrative Trustee, 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 $[________], against receipt of an aggregate amount of [_______] of Series A Preferred Stock, which amount the Stock such Administrative Trustees Trustee shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Mbna Capital C)

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