ISSUANCE OF THE PREFERRED TRUST SECURITIES Sample Clauses

ISSUANCE OF THE PREFERRED TRUST SECURITIES. On ____________, ____, an authorized representative of the Depositor and the Trust, both 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 Trust in accordance with Section 5.02, executed and delivered a Preferred Trust Securities Certificate, registered in the name of the nominee of The Depository Trust Company, having an aggregate Liquidation Amount of $___________.
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ISSUANCE OF THE PREFERRED TRUST SECURITIES. On _____________, _____ an authorized representative of the Depositor and the Trust, both 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 Trust in accordance with Section 5.02, executed and delivered a Preferred Trust Securities Certificate, registered in the name of the nominee of The Depositary Trust Company, having an aggregate Liquidation Amount of $_________________.
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ISSUANCE OF THE PREFERRED TRUST SECURITIES. On , an authorized representative of the Depositor and the Trust ---------------- both 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 Trust in accordance with Section 5.02, executed and delivered Preferred Trust Securities Certificates, registered in the name of the nominee of The Depository Trust Company, having an aggregate Liquidation Amount of $ . [In the event and to the extent the over-allotment option ----------- granted by the Trust and the Depositor pursuant the Underwriting Agreement is exercised by the underwriters named therein, on each option closing date, one of the Administrative Trustees, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the underwriters named in the Underwriting Agreement, Preferred Trust Securities Certificates, registered in the name of the nominee of The Depository Trust Company, having an aggregate Liquidation Amount of up to $ .] ----------
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ISSUANCE OF THE PREFERRED TRUST SECURITIES. On March 3, 2004, an authorized representative of the Depositor, the Debenture Issuer and the Trust, each 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 Trust in accordance with Section 5.02, executed and delivered a Preferred Trust Securities Certificate, registered in the name of the nominee of The Depository Trust Company, having an aggregate Liquidation Amount of $300,000,000.
Sample 1
ISSUANCE OF THE PREFERRED TRUST SECURITIES. On _________, 200_, an authorized representative of the Depositor [/1/, also acting as Debenture Issuer,] [/2/, the Debenture Issuer] and the Trust, each 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 Trust in accordance with Section 5.02, executed and delivered a Preferred Trust Securities Certificate, registered in the name of the nominee of The Depository Trust Company, having an aggregate Liquidation Amount of $_________.
Sample 1
ISSUANCE OF THE PREFERRED TRUST SECURITIES. On December 8, 1999, an authorized representative of the Depositor and the Trust both 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 Trust in accordance with Section 5.02, executed and delivered Preferred Trust Securities Certificates, registered in the name of the nominee of The Depository Trust Company, having an aggregate Liquidation Amount of $150,000,000. In the event and to the extent the over-allotment option granted by the Trust and the Depositor pursuant the Underwriting Agreement is exercised by the underwriters named therein, on each option closing date, one of the Administrative Trustees, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the underwriters named in the Underwriting Agreement, Preferred Trust Securities Certificates, registered in the name of the nominee of The Depository Trust Company, having an aggregate Liquidation Amount of up to $15,000,000.
Sample 1

Related to ISSUANCE OF THE PREFERRED TRUST SECURITIES

  • Issuance of the Preferred Securities On ________________, ______ the Depositor, on behalf of the Trust and pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 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 such aggregate purchase price of such Preferred Securities of $_________________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. If there is a Second Time of Delivery, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 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 up to Preferred Securities having an aggregate Liquidation Amount of up to $__________, against receipt of such aggregate purchase price of such Preferred Securities of $____________, which amount such Administrative Trustees shall promptly deliver to the Property Trustee, on the date specified pursuant to the Underwriting Agreement.

  • Trust Securities 11 U.S. Government Obligations.................................... 11 ARTICLE II

  • Issuance of the Capital Securities On [ ], the Depositor, both on its own behalf and on behalf of the Issuer Trust and pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. 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, 5.3 and 8.9(a) and deliver to the Underwriters, Capital Securities Certificates, registered in the names requested by the Underwriters or a representative thereof, evidencing [ ] Capital Securities having an aggregate Liquidation Amount of $ [ ], against receipt of the aggregate purchase price for such Capital Securities of $ [ ] by the Property Trustee.

  • Issuance of Preferred Stock So long as this Warrant remains outstanding, the Company will not issue any capital stock of any class preferred as to dividends or as to the distribution of assets upon voluntary or involuntary liquidation, dissolution or winding up, unless the rights of the holders thereof shall be limited to a fixed sum or percentage of par value in respect of participation in dividends and in the distribution of such assets.

  • Trust Preferred Securities The Company has performed, or has caused each Company Trust to perform, all of the obligations required to be performed by it and is not in default under the terms of the Company Trust Debentures or the Company Trust Preferred Securities or any agreements related thereto.

  • The Trust Securities Certificates Each of the Preferred and Common Securities Certificates shall be issued in minimum denominations of $25 and integral multiples in excess thereof. The Trust Securities Certificates shall be executed on behalf of the Trust by manual or facsimile signature of at least one Administrative Trustee. Trust Securities Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Securities Certificates or did not hold such offices at the date of authentication and delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Securityholder, and shall be entitled to the rights and subject to the obligations of a Securityholder hereunder, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.04.

  • TRUST SECURITIES CERTIFICATES Section 5.1. Initial Ownership...............................................21 Section 5.2. The Trust Securities Certificates; Execution and Delivery Thereof................................................21 Section 5.3. Form of Trust Securities Certificates...........................22 Section 5.4. Registration of Transfer and Exchange of Capital Securities Certificates.........................................23 Section 5.5. Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates....................................................24 Section 5.6. Persons Deemed Securityholders..................................24 Section 5.7. Access to List of Securityholders' Names and Addresses..........24 Section 5.8. Maintenance of Office or Agency for Transfers...................24 Section 5.9. Appointment of Paying Agent.....................................25 Section 5.10. Ownership of Common Securities by Depositor.....................25 Section 5.11. Book-Entry Interests............................................25 Section 5.12. Notices to Clearing Agency......................................28 Section 5.13. Procedures for Issuance of Definitive Capital Securities Certificates....................................................28 Section 5.14. Rights of Securityholders.......................................29

  • Authorized Trust Securities The Trust shall be authorized to issue one series of Preferred Securities having an aggregate Liquidation Amount of $10,000,000 and one series of Common Securities having an aggregate Liquidation Amount of $310,000.

  • Book-Entry Preferred Securities (a) A Global Preferred Security may be exchanged, in whole or in part, for Definitive Preferred Securities Certificates registered in the names of the Owners only if such exchange complies with Section 5.7 and (i) the Depositary advises the Administrative Trustees and the Property Trustee in writing that the Depositary is no longer willing or able properly to discharge its responsibilities with respect to the Global Preferred Security, and no qualified successor is appointed by the Administrative Trustees within ninety (90) days of receipt of such notice, (ii) the Depositary ceases to be a clearing agency registered under the Exchange Act and the Administrative Trustees fail to appoint a qualified successor within ninety (90) days of obtaining knowledge of such event, (iii) the Administrative Trustees at their option advise the Property Trustee in writing that the Trust elects to terminate the book-entry system through the Depositary or (iv) a Note Event of Default has occurred and is continuing. Upon the occurrence of any event specified in clause (i), (ii), (iii) or (iv) above, the Administrative Trustees shall notify the Depositary and instruct the Depositary to notify all Owners of Book-Entry Preferred Securities, the Delaware Trustee and the Property Trustee of the occurrence of such event and of the availability of the Definitive Preferred Securities Certificates to Owners of the Preferred Securities requesting the same. Upon the issuance of Definitive Preferred Securities Certificates, the Trustees shall recognize the Holders of the Definitive Preferred Securities Certificates as Holders. Notwithstanding the foregoing, if an Owner of a beneficial interest in a Global Preferred Security wishes at any time to transfer an interest in such Global Preferred Security to a Person other than a QIB, such transfer shall be effected, subject to the Applicable Depositary Procedures, in accordance with the provisions of this Section 5.6 and Section 5.7, and the transferee shall receive a Definitive Preferred Securities Certificate in connection with such transfer. A holder of a Definitive Preferred Securities Certificate that is a QIB may, upon request, and in accordance with the provisions of this Section 5.6 and Section 5.7, exchange such Definitive Preferred Securities Certificate for a beneficial interest in a Global Preferred Security.

  • Series A Preferred Units (a) The authorized number of Series A Preferred Units shall be unlimited. Series A Preferred Units that are purchased or otherwise acquired by the Partnership shall be cancelled.

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