Common use of Issuance of the Trust Securities Clause in Contracts

Issuance of the Trust Securities. 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, 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. 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 Depositor a Common Securities Certificate, registered in the name of the Depositor, in an aggregate amount of _________ Common Securities having an aggregate Liquidation Amount of $______________ against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee.

Appears in 3 contracts

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

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Issuance of the Trust Securities. On __, 1999, the 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 the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 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,] in an aggregate amount of , representing _________ Preferred Securities having an aggregate Liquidation Amount of $____________, against receipt by the Property Trustee of such the aggregate purchase price of such Preferred Securities of $_____________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously with therewith, the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, in an aggregate amount of __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 $_____ against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee_____.

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)

Issuance of the Trust Securities. On __, 1999, the 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 the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 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,] in an aggregate amount of , representing ______________ Preferred Securities having an aggregate Liquidation Amount of $____________, against receipt by the Property Trustee of such the aggregate purchase price of such Preferred Securities of $_____________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously with therewith, the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, in an aggregate amount of representing _________ Common Securities having an aggregate Liquidation Amount of $______________ against payment by , and in satisfaction of the purchase price of such Common Securities the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property TrusteeTrustee the sum of $_____________.

Appears in 2 contracts

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

Issuance of the Trust Securities. On __, 1999, the 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 TrusteeAdministrator, on behalf of the Issuer Trust, shall execute execute, manually or by facsimile, in accordance with Section 5.2 5.3 and the Property Trustee shall authenticate in accordance with Section 5.3 and deliver to the Underwriters named in the Underwriting Agreement Preferred Underwriters, Capital Securities Certificates, [registered in the name of names requested by the nominee of the initial Clearing Agency,] Underwriters, in an aggregate amount of _________ Preferred Capital Securities having an aggregate Liquidation Amount of $_________, against receipt of the aggregate purchase price of such Capital Securities of $________ by the Property Trustee. If the Underwriters exercise their option to purchase all or any portion of an additional __________ Capital Securities pursuant to the terms of the Underwriting Agreement, then an Administrator, on behalf of the Issuer Trust, shall execute, manually or by facsimile, in accordance with Section 5.3 and the Property Trustee shall authenticate in accordance with Section 5.3 and deliver to the Underwriters, additional Capital Securities Certificates, registered in the names requested by the Underwriters, in an aggregate amount of up to _________ additional Capital Securities having an aggregate Liquidation Amount of up to $_________, against receipt of such the aggregate purchase price of such Preferred additional Capital Securities of up to $_____________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. 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 Depositor a Common Securities Certificate, registered in the name of the Depositor, in an aggregate amount of _________ Common Securities having an aggregate Liquidation Amount of $______________ against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Dillards Inc)

Issuance of the Trust Securities. On __, 1999, the 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 the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 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,] in an aggregate amount of _________ , representing 1,400,000 Preferred Securities having an aggregate Liquidation Amount of $____________35,000,000, against receipt by the Property Trustee of such 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 with therewith, the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, in an aggregate amount of _________ representing 43,299 Common Securities having an aggregate Liquidation Amount of $______________ against payment by 1,082,475, and in satisfaction of the purchase price of such Common Securities the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property TrusteeTrustee the sum of $1,082,475.

Appears in 1 contract

Samples: Trust Agreement (SJG Capital Trust)

Issuance of the Trust Securities. On __, 1999, the 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 the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 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,] in an aggregate amount of ___, representing ______ Preferred Securities having an aggregate Liquidation Amount of $____________, against receipt by the Property Trustee of such the aggregate purchase price of such Preferred Securities of $_____________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously with therewith, the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, in an aggregate amount of ____representing _____ Common Securities having an aggregate Liquidation Amount of $______________ against payment by , and in satisfaction of the purchase price of such Common Securities the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property TrusteeTrustee 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. 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, 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. 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 Depositor a Common Securities Certificate, registered in the name of the Depositor, in an aggregate amount of _________ Common Securities having an aggregate Liquidation Amount of $______________ against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Section Agreement (Cna Financial Corp)

Issuance of the Trust Securities. On __, 1999, the 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 the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 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,] in an aggregate amount of ___, representing ______ Preferred Securities having an aggregate Liquidation Amount of $____________, against receipt by the Property Trustee of such the aggregate purchase price of such Preferred Securities of $_____________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously with therewith, the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, in an aggregate amount of ____representing _____ Common Securities having an aggregate Liquidation Amount of $______________ against payment by , and in satisfaction of the purchase price of such Common Securities the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property TrusteeTrustee 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)

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Issuance of the Trust Securities. On __, 1999, the 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 the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 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,] in an aggregate amount of ___, representing ______ Preferred Securities having an aggregate Liquidation Amount of $____________, against receipt by the Property Trustee of such the aggregate purchase price of such Preferred Securities of $_____________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously with therewith, the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, in an aggregate amount of ____representing _____ Common Securities having an aggregate Liquidation Amount of $______________ against payment by , and in satisfaction of the purchase price of such Common Securities the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property TrusteeTrustee the sum of $____________.

Appears in 1 contract

Samples: Trust Agreement (Pseg Power Capital Trust V)

Issuance of the Trust Securities. On __, 1999, the 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, an Administrative Trusteenot less than two Regular Trustees, on behalf of the Trust, shall execute in accordance with Section 5.2 5.02 and cause the Property Trustee to authenticate and deliver to the Underwriters named in 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 initial Clearing Agency,] in an aggregate amount of Depository, 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 such the aggregate purchase price of such Trust Preferred Securities of $_____________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously with the execution and delivery of this Trust Agreementtherewith, an Administrative Trusteenot less than two Regular Trustees, on behalf of the Trust, shall execute in accordance with Section 5.2 5.02 and deliver to the Depositor a Trust Common Securities Certificate, registered in the name of the Depositor, in an aggregate amount of representing __________ Trust Common Securities having an aggregate Liquidation Amount Preference of $_________, against payment by the Depositor and receipt by the Property Trustee of the purchase price of such Trust Common Securities of $______________ against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement and Agreement (Hawaiian Electric Industries Inc)

Issuance of the Trust Securities. On __, 1999, the 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 the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 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,] in an aggregate amount of , representing ______________ Preferred Securities having an aggregate Liquidation Amount of $____________, against receipt by the Property Trustee of such the aggregate purchase price of such Preferred Securities of $_____________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously with therewith, the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, in an aggregate amount of representing _________ Common Securities having an aggregate Liquidation Amount of $______________ against payment by , and in satisfaction of the purchase price of such Common Securities the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property TrusteeTrustee the sum of $_____________.

Appears in 1 contract

Samples: Pse&g Capital Trust Iii

Issuance of the Trust Securities. On __The Sponsor, 1999, 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 TrusteeAdministrator, on behalf of the Issuer Trust, shall execute execute, manually or by facsimile, in accordance with Section 5.2 5.3 and the Property Trustee shall authenticate in accordance with Section 5.3 and deliver to the Underwriters named in the Underwriting Agreement Preferred Underwriters, Capital Securities Certificates, [registered in the name of names requested by the nominee of the initial Clearing Agency,] Underwriters, in an aggregate amount of _________ Preferred Capital Securities having an aggregate Liquidation Amount of $____________, against receipt of such the aggregate purchase price of such Preferred Capital Securities of $_________ by the Property Trustee. If the Underwriters exercise their option to purchase all or any portion of an additional _____, which amount the Administrative Trustee shall promptly deliver ___ Capital Securities pursuant to the Property Trustee. Contemporaneously with terms of the execution and delivery of this Trust Underwriting Agreement, then an Administrative TrusteeAdministrator, on behalf of the Issuer Trust, shall execute execute, manually or by facsimile, in accordance with Section 5.2 5.3 and the Property Trustee shall authenticate in accordance with Section 5.3 and deliver to the Depositor a Common Underwriters, additional Capital Securities CertificateCertificates, registered in the name of names requested by the DepositorUnderwriters, in an aggregate amount of up to _________ Common additional Capital Securities having an aggregate Liquidation Amount of up to $________, against receipt of the aggregate purchase price of such additional Capital Securities of up to $______ against payment ___, by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Agreement (Pxre Capital Trust Iv)

Issuance of the Trust Securities. On __, 1999, the DepositorThe Sponsor, 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, an Administrative Trusteenot less than two Regular Trustees, on behalf of the Trust, shall execute in accordance with Section 5.2 5.02 and cause the Property Trustee to authenticate and deliver to the Underwriters named in 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 initial Clearing Agency,] in an aggregate amount of Depository, 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 such the aggregate purchase price of such Trust Preferred Securities of $_____________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously with the execution and delivery of this Trust Agreementtherewith, an Administrative Trusteenot less than two Regular Trustees, on behalf of the Trust, shall execute in accordance with Section 5.2 5.02 and deliver to the Depositor Sponsor a Trust Common Securities Certificate, registered in the name of the DepositorSponsor, in representing ________ Trust Common Securities having an aggregate amount Liquidation Preference of $_________ , against payment by the Sponsor and receipt by the Property Trustee of the purchase price of such Trust Common Securities having an aggregate Liquidation Amount Sponsor of $______________ against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Redwood Capital Trust Ii)

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