Common use of Issuance of the Preferred Securities Clause in Contracts

Issuance of the Preferred Securities. On [ ], 2011, the Sponsor, both on its own behalf and on behalf of the Issuer Trust pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement, which action is hereby authorized, approved, ratified and confirmed in all respects. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Issuer Trust, shall execute in accordance with Sections 5.2 and 5.3 and deliver to the Property Trustee for authentication, and the Property Trustee shall authenticate and shall deliver to the Underwriters, a Preferred Securities Certificate, registered in the name of the nominee of the initial Clearing Agency as set forth in Section 5.2(b), evidencing an aggregate of [ ] Preferred Securities having an aggregate Liquidation Amount of $[ ], against receipt of the aggregate purchase price of such Preferred Securities of $[ ], by the Property Trustee. On any one or more dates after the execution and delivery of this Trust Agreement additional Preferred Securities Certificates representing Preferred Securities may be issued in accordance with Section 5.3, registered in the name of the nominee of the initial Clearing Agency, against receipt by the Property Trustee of the purchase price that is determined by the Sponsor.

Appears in 2 contracts

Samples: Declaration of Trust (CT Public Preferred Trust III), Declaration of Trust (Strategic Hotels & Resorts, Inc)

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Issuance of the Preferred Securities. On [ ], 2011, the Sponsor, both on its own behalf and on behalf of the Issuer Trust pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement, which TRUST AGREEMENT action is hereby authorized, approved, ratified and confirmed in all respects. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Issuer Trust, shall manually execute in accordance with Sections 5.2 5.2, 5.3 and 5.3 8.9(a) and deliver to the Property Trustee for authentication, authentication and the Property Trustee shall authenticate and shall deliver to hold as custodian for the UnderwritersClearing Agency, a Preferred Securities Certificate, registered in the name of the nominee of the initial Clearing Agency as set forth in Section 5.2(b), evidencing an aggregate of [ ] Preferred Securities having an aggregate Liquidation Amount of $[ ]$ , against receipt of the aggregate purchase price of such Preferred Securities of $[ ]$ , by the Property Trustee. On any one or more dates after the execution and delivery of this Trust Agreement additional Preferred Securities Certificates representing Preferred Securities may be issued in accordance with Section 5.3, registered in the name of the nominee of the initial Clearing Agency, against receipt by the Property Trustee of the purchase price that is determined by the Sponsor.

Appears in 1 contract

Samples: Trust Agreement (Wachovia Capital Trust XIII)

Issuance of the Preferred Securities. On [ [•], 20112007, the Sponsor, both on its own behalf and on behalf of the Issuer Trust pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement, which action is hereby authorized, approved, ratified and confirmed in all respects. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Issuer Trust, shall execute in accordance with Sections 5.2 and 5.3 and deliver to the Property Trustee for authentication, and the Property Trustee shall authenticate and shall deliver to the Underwriters, a Preferred Securities Certificate, registered in the name of the nominee of the initial Clearing Agency as set forth in Section 5.2(b), evidencing an aggregate of [ [•] Preferred Securities having an aggregate Liquidation Amount of $[ [•], against receipt of the aggregate purchase price of such Preferred Securities of $[ [•], by the Property Trustee. On any one or more dates after the execution and delivery of this Trust Agreement additional Preferred Securities Certificates representing Preferred Securities may be issued in accordance with Section 5.3, registered in the name of the nominee of the initial Clearing Agency, against receipt by the Property Trustee of the purchase price that is determined by the Sponsor.

Appears in 1 contract

Samples: Trust Agreement (Webster Capital Trust Iv)

Issuance of the Preferred Securities. On [ ], 20112009, the Sponsor, both on its own behalf and on behalf of the Issuer Trust pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement, which action is hereby authorized, approved, ratified and confirmed in all respects. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Issuer Trust, shall execute in accordance with Sections 5.2 and 5.3 and deliver to the Property Trustee for authentication, and the Property Trustee shall authenticate and shall deliver to the Underwriters, a Preferred Securities Certificate, registered in the name of the nominee of the initial Clearing Agency as set forth in Section 5.2(b), evidencing an aggregate of [ ] Preferred Securities having an aggregate Liquidation Amount of $[ ], against receipt of the aggregate purchase price of such Preferred Securities of $[ ], by the Property Trustee. On any one or more dates after the execution and delivery of this Trust Agreement additional Preferred Securities Certificates representing Preferred Securities may be issued in accordance with Section 5.3, registered in the name of the nominee of the initial Clearing Agency, against receipt by the Property Trustee of the purchase price that is determined by the Sponsor.

Appears in 1 contract

Samples: Declaration of Trust (Strategic Hotels & Resorts, Inc)

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Issuance of the Preferred Securities. On [ ], 20112012, the Sponsor, both on its own behalf and on behalf of the Issuer Trust pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement, which action is hereby authorized, approved, ratified and confirmed in all respects. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Issuer Trust, shall execute in accordance with Sections 5.2 and 5.3 and deliver to the Property Trustee for authentication, and the Property Trustee shall authenticate and shall deliver to the Underwriters, a Preferred Securities Certificate, registered in the name of the nominee of the initial Clearing Agency as set forth in Section 5.2(b), evidencing an aggregate of [ ] Preferred Securities having an aggregate Liquidation Amount of $[ ], against receipt of the aggregate purchase price of such Preferred Securities of $[ ], by the Property Trustee. On any one or more dates after the execution and delivery of this Trust Agreement additional Preferred Securities Certificates representing Preferred Securities may be issued in accordance with Section 5.3, registered in the name of the nominee of the initial Clearing Agency, against receipt by the Property Trustee of the purchase price that is determined by the Sponsor.

Appears in 1 contract

Samples: Declaration of Trust (BEE Financing Trust III)

Issuance of the Preferred Securities. On [ ], 20112008, the Sponsor, both on its own behalf and on behalf of the Issuer Trust pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement, which action is hereby authorized, approved, ratified and confirmed in all respects. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Issuer Trust, shall execute in accordance with Sections 5.2 and 5.3 and deliver to the Property Trustee for authentication, and the Property Trustee shall authenticate and shall deliver to the Underwriters, a Preferred Securities Certificate, registered in the name of the nominee of the initial Clearing Agency as set forth in Section 5.2(b), evidencing an aggregate of [ ] Preferred Securities having an aggregate Liquidation Amount of $[ ], against receipt of the aggregate purchase price of such Preferred Securities of $[ ], by the Property Trustee. On any one or more dates after the execution and delivery of this Trust Agreement additional Preferred Securities Certificates representing Preferred Securities may be issued in accordance with Section 5.3, registered in the name of the nominee of the initial Clearing Agency, against receipt by the Property Trustee of the purchase price that is determined by the Sponsor.

Appears in 1 contract

Samples: Declaration of Trust (CT Public Preferred Trust I)

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