Common use of Issuance of the Trust Securities Clause in Contracts

Issuance of the Trust Securities. 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, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Underwriters named in the Underwriting Agreement one or more Book-Entry Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, representing _________ Preferred Securities having an aggregate Liquidation Amount of $___________, against receipt by the Property Trustee of the aggregate purchase price of such Preferred Securities of $___________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, representing _______ Common Securities having an aggregate Liquidation Amount of $_________, and in satisfaction of the purchase price of such Common Securities the Depositor shall deliver to the Property Trustee the sum of $_________.

Appears in 3 contracts

Samples: Trust Agreement (Public Service Enterprise Group Inc), Trust Agreement (Public Service Enterprise Group Inc), Trust Agreement (Public Service Enterprise Group Inc)

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Issuance of the Trust Securities. The On __, 1999, 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, the an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 5.2 and deliver to the Underwriters named in the Underwriting Agreement one or more Book-Entry Preferred Securities Certificates, [registered in the name of the nominee of the initial Clearing Agency, representing ,] in an aggregate amount of _________ Preferred Securities having an aggregate Liquidation Amount of $____________, against receipt by the Property Trustee of the such aggregate purchase price of such Preferred Securities of $_____________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewithwith the execution and delivery of this Trust Agreement, the an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 5.2 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, representing in an aggregate amount of _________ Common Securities having an aggregate Liquidation Amount of $_________, and in satisfaction of _____ against payment by the purchase price Depositor of such Common Securities the Depositor amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee the sum of $_________Trustee.

Appears in 3 contracts

Samples: Trust Agreement (Cna Financial Capital Iii), Trust Agreement (Cna Financial Capital Iii), Trust Agreement (Cna Financial Capital Iii)

Issuance of the Trust Securities. 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, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Underwriters named in the Underwriting Agreement one or more Book-Entry Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, representing ______________ Preferred Securities having an aggregate Liquidation Amount of $___________, against receipt by the Property Trustee of the aggregate purchase price of such Preferred Securities of $___________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, representing _________ Common Securities having an aggregate Liquidation Amount of $_____________, and in satisfaction of the purchase price of such Common Securities the Depositor shall deliver to the Property Trustee the sum of $_____________.

Appears in 2 contracts

Samples: Trust Agreement (Pse&g Capital Trust Iii), Trust Agreement (Pse&g Capital Trust Iii)

Issuance of the Trust Securities. 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, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Underwriters named in the Underwriting Agreement one or more Book-Entry Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, representing _________ Preferred Securities having an aggregate Liquidation Amount of $___________, against receipt by the Property Trustee of the aggregate purchase price of such Preferred Securities of $___________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, representing _______ Common Securities having an aggregate Liquidation Amount of $__________, and in satisfaction of the purchase price of such Common Securities the Depositor shall deliver to the Property Trustee the sum of $____________.

Appears in 1 contract

Samples: Trust Agreement (Pseg Power Capital Trust V)

Issuance of the Trust Securities. The Depositor, on behalf of the Trust and pursuant to the Original Trust AgreementTrust, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, the Administrative Trusteenot less than two Regular Trustees, on behalf of the Trust, shall execute in accordance with Section 5.02 and cause the Property Trustee to authenticate and deliver to the Underwriters named in Representatives pursuant to Section [ ] of the Underwriting Agreement one or more a Book-Entry Trust Preferred Securities Certificate or Certificates, registered in the name of the nominee of the initial Clearing AgencyDepository, representing __________ Trust Preferred Securities having an aggregate Liquidation Amount Preference of $___________, against payment by the Representatives, on behalf of the Underwriters, and receipt by the Property Trustee of the aggregate purchase price of such Trust Preferred Securities of $___________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, the Administrative Trusteenot less than two Regular Trustees, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Trust Common Securities Certificate, registered in the name of the Depositor, representing __________ Trust Common Securities having an aggregate Liquidation Amount Preference of $_________, against payment by the Depositor and in satisfaction receipt by the Property Trustee of the purchase price of such Trust Common Securities the Depositor shall deliver to the Property Trustee the sum of $___________.

Appears in 1 contract

Samples: Trust Agreement (Hawaiian Electric Industries Inc)

Issuance of the Trust Securities. 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, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Underwriters named in the Underwriting Agreement one or more Book-Entry Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, representing _________ Preferred Securities having an aggregate Liquidation Amount of $___________, against receipt by the Property Trustee of the aggregate purchase price of such Preferred Securities of $___________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, representing _______ Common Securities having an aggregate Liquidation Amount of $__________, and in satisfaction of the purchase price of such Common Securities the Depositor shall deliver to the Property Trustee the sum of $__________. The Trust Securities may have such additional or different terms specified in an Annex hereto.

Appears in 1 contract

Samples: Trust Agreement (Pseg Funding Trust Ii)

Issuance of the Trust Securities. The On ___________, 1999, 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, the an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 5.2 and deliver to the Underwriters named in the Underwriting Agreement one or more Book-Entry Preferred Securities Certificates, [registered in the name of the nominee of the initial Clearing Agency, representing ,] in an aggregate amount of _________ Preferred Securities having an aggregate Liquidation Amount of $____________, against receipt by the Property Trustee of the such aggregate purchase price of such Preferred Securities of $_____________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewithwith the execution and delivery of this Trust Agreement, the an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 5.2 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, representing in an aggregate amount of _________ Common Securities having an aggregate Liquidation Amount of $_________, and in satisfaction of _____ against payment by the purchase price Depositor of such Common Securities the Depositor amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee the sum of $_________Trustee.

Appears in 1 contract

Samples: Trust Agreement (Cna Financial Corp)

Issuance of the Trust Securities. 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, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Underwriters named in the Underwriting Agreement one or more Book-Book- Entry Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, representing ______________ Preferred Securities having an aggregate Liquidation Amount of $___________, against receipt by the Property Trustee of the aggregate purchase price of such Preferred Securities of $___________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, representing _________ Common Securities having an aggregate Liquidation Amount of $_____________, and in satisfaction of the purchase price of such Common Securities the Depositor shall deliver to the Property Trustee the sum of $_____________.

Appears in 1 contract

Samples: Trust Agreement (Pse&g Capital Trust Iii)

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Issuance of the Trust Securities. 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, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Underwriters named in the Underwriting Agreement one or more Book-Entry Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, representing _________ Preferred Securities having an aggregate Liquidation Amount of $___________, against receipt by the Property Trustee of the aggregate purchase price of such Preferred Securities of $___________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, representing _______ Common Securities having an aggregate Liquidation Amount of $__________, and in satisfaction of the purchase price of such Common Securities the Depositor shall deliver to the Property Trustee the sum of $__________. The Trust Securities may have such additional terms specified in an Annex hereto.

Appears in 1 contract

Samples: Trust Agreement (Public Service Enterprise Group Inc)

Issuance of the Trust Securities. The DepositorSponsor, on behalf of the Trust and pursuant to the Original Trust AgreementTrust, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, not less than two Regular Trustees, on behalf of the Administrative TrusteeTrust, shall execute in accordance with Section 5.02 and cause the Property Trustee to authenticate and deliver to the Representatives pursuant to Section [ ] of the Underwriting Agreement a Book-Entry Trust Preferred Securities Certificate or Certificates, registered in the name of the nominee of the Depository, representing _____________ Trust Preferred Securities having an aggregate Liquidation Preference of $____________, against payment by the Representatives, on behalf of the Underwriters, and receipt by the Property Trustee of the aggregate purchase price of such Trust Preferred Securities of $___________. Contemporaneously therewith, not less than two Regular Trustees, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Underwriters named in the Underwriting Agreement one or more Book-Entry Preferred Sponsor a Trust Common Securities CertificatesCertificate, registered in the name of the nominee of the initial Clearing AgencySponsor, representing _________ Preferred Trust Common Securities having an aggregate Liquidation Amount Preference of $________, against payment by the Sponsor and receipt by the Property Trustee of the purchase price of such Trust Common Sponsor of $___________, against receipt by the Property Trustee of the aggregate purchase price of such Preferred Securities of $___________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, representing _______ Common Securities having an aggregate Liquidation Amount of $_________, and in satisfaction of the purchase price of such Common Securities the Depositor shall deliver to the Property Trustee the sum of $_________.

Appears in 1 contract

Samples: Trust Agreement (Redwood Capital Trust Ii)

Issuance of the Trust Securities. The On ___, 1999, 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, the an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 5.2 and deliver to the Underwriters named in the Underwriting Agreement one or more Book-Entry Preferred Securities Certificates, [registered in the name of the nominee of the initial Clearing Agency, representing ______,] in an aggregate amount of ___ Preferred Securities having an aggregate Liquidation Amount of $___________, against receipt by the Property Trustee of the such aggregate purchase price of such Preferred Securities of $___________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewithwith the execution and delivery of this Trust Agreement, the an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 5.2 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, representing ____in an aggregate amount of ___ Common Securities having an aggregate Liquidation Amount of $_________, and in satisfaction of _ against payment by the purchase price Depositor of such Common Securities the Depositor amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee the sum of $_________Trustee.

Appears in 1 contract

Samples: Trust Agreement (Cna Financial Corp)

Issuance of the Trust Securities. The On , 20 , 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, the an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 5.2 and deliver to the Underwriters named in the Underwriting Agreement one or more Book-Entry Preferred Securities Certificates, [registered in the name of the nominee of the initial Clearing Agency, representing _________ ,] in an aggregate amount of Preferred Securities having an aggregate Liquidation Amount of $___________$ , against receipt by the Property Trustee of the such aggregate purchase price of such Preferred Securities of $___________$ , which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewithwith the execution and delivery of this Trust Agreement, the an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 5.2 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, representing _______ in an aggregate amount of Common Securities having an aggregate Liquidation Amount of $_________, and in satisfaction of $ against payment by the purchase price Depositor of such Common Securities the Depositor amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee the sum of $_________Trustee.

Appears in 1 contract

Samples: Trust Agreement (Cna Financial Corp)

Issuance of the Trust Securities. 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, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Underwriters named in the Underwriting Agreement one or more Book-Entry Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, representing _________ 1,400,000 Preferred Securities having an aggregate Liquidation Amount of $___________35,000,000, against receipt by the Property Trustee of the aggregate purchase price of such Preferred Securities of $___________35,000,000, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, representing _______ 43,299 Common Securities having an aggregate Liquidation Amount of $_________1,082,475, and in satisfaction of the purchase price of such Common Securities the Depositor shall deliver to the Property Trustee the sum of $_________1,082,475.

Appears in 1 contract

Samples: Trust Agreement (SJG Capital Trust)

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