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 8,000,000 Preferred Securities having an aggregate Liquidation Amount of $200,000,000, against receipt of the aggregate purchase price of such Preferred Securities of $200,00,000, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Savannah Electric & Power Co), Trust Agreement (Southern Co)

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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 8,000,000 110,000 Preferred Securities having an aggregate Liquidation Amount of $200,000,000110,000,000, against receipt of the aggregate purchase price of such Preferred Securities of $200,00,000109,604,000, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Southwestern Electric Power Co), Trust Agreement (Southwestern Electric Power Co)

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 8,000,000 1,400,000 Preferred Securities having an aggregate Liquidation Amount of $200,000,00035,000,000, against receipt of the aggregate purchase price of such Preferred Securities of $200,00,00035,000,000, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Mississippi Power Co), Trust Agreement (Mississippi Power Co)

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 8,000,000 1,600,000 Preferred Securities having an aggregate Liquidation Amount of $200,000,00040,000,000, against receipt of the aggregate purchase price of such Preferred Securities of $200,00,00040,000,000, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Savannah Electric & Power Co), Trust Agreement (Gulf Power Co)

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 8,000,000 Preferred Securities having an aggregate Liquidation Amount of $200,000,000, against receipt of the aggregate purchase price of such Preferred Securities of $200,00,000200,000,000, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Georgia Power Co), Trust Agreement (Southern Co)

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 Underwriters Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, in an aggregate amount of 8,000,000 Preferred Securities having an aggregate Liquidation Amount of $200,000,000$ , against receipt of the aggregate purchase price of such Preferred Securities of $200,00,000$ , which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Georgia Power Co)

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 Underwriters Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, in an aggregate amount of 8,000,000 Preferred Securities having an aggregate Liquidation Amount of $200,000,000, against receipt of the aggregate purchase price of such Preferred Securities of $200,00,000200,000,000, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Georgia Power Co)

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 8,000,000 1,800,000 Preferred Securities having an aggregate Liquidation Amount of $200,000,00045,000,000, against receipt of the aggregate purchase price of such Preferred Securities of $200,00,00045,000,000, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Gulf Power Co)

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 Underwriters Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, in an aggregate amount of 8,000,000 6,900,000 Preferred Securities having an aggregate Liquidation Amount Preference of $200,000,000345,000,000, against receipt of the aggregate purchase price of such Preferred Securities of $200,00,000345,000,000, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Southern Energy Inc)

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 8,000,000 1,000 Preferred Securities having an aggregate Liquidation Amount of $200,000,00050,000,000, against receipt of the aggregate purchase price of such Preferred Securities of $200,00,00050,000,000, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Alabama Power Co)

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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 8,000,000 6,000,000 Preferred Securities having an aggregate Liquidation Amount of $200,000,000150,000,000, against receipt of the aggregate purchase price of such Preferred Securities of $200,00,000150,00,000, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Southern Co)

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 8,000,000 7,570,000 Preferred Securities having an aggregate Liquidation Amount of $200,000,000189,250,000, against receipt of the aggregate purchase price of such Preferred Securities of $200,00,000189,250,000, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Alabama Power Co)

Issuance of the Preferred Securities. The Depositor and an Administrative Trustee, 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 5.01, shall execute executed manually and deliver to the underwriters named in the Underwriting Agreement delivered a Preferred Securities CertificatesCertificate, registered in the name of the nominee of the initial Clearing AgencySecurities Depository, in an aggregate amount of 8,000,000 evidencing 1,200,000 Preferred Securities having an aggregate Liquidation Amount of $200,000,00030,000,000, against receipt of the aggregate purchase price of such Preferred Securities of $200,00,00030,000,000, which amount the such Administrative Trustees Trustee shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Atlantic Capital 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 8,000,000 1,452,118 Preferred Securities having an aggregate Liquidation Amount of $200,000,00036,302,950, against receipt of the aggregate purchase price 1,452,118 shares of such Series A Preferred Securities of $200,00,000Stock, which amount the Stock such Administrative Trustees Trustee shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Mbna Corp)

Issuance of the Preferred Securities. Contemporaneously with the execution and delivery of this Trust Agreement, the 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 8,000,000 1,200,000 Preferred Securities having an aggregate Liquidation Amount of $200,000,00030,000,000, against receipt of the aggregate purchase price of such Preferred Securities of $200,00,00030,000,000, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Gulf Power Co)

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 8,000,000 7,000,000 Preferred Securities having an aggregate Liquidation Amount of $200,000,000175,000,000, against receipt of the aggregate purchase price of such Preferred Securities of $200,00,000175,000,000, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Georgia Power Co)

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