Issuance of Trust Securities Sample Clauses

Issuance of Trust Securities. (a) Upon receipt by the Property Trustee on behalf of the Trust of a written order and a certificate or certificates for the Preferred Securities, subject to the terms and conditions of this Trust Agreement, the Property Trustee, shall authenticate and make available for delivery one or more certificates evidencing the Trust Securities in the name of DTC's nominee, who shall thereupon be the initial Holder of Trust Securities.
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Issuance of Trust Securities. Section 7.1 General Provisions Regarding Trust Securities...................... 31 Section 7.2 Paying Agent....................................................... 32
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Issuance of Trust Securities. Section 7.1 General Provisions Regarding Trust Securities. . . . . . . . 27
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Issuance of Trust Securities. Section 8.01.
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Issuance of Trust Securities. SECTION 8.1 Designation and General Provisions Regarding Trust Securities............................... 41 SECTION 8.2 Redemption of Trust Securities........................... 43 SECTION 8.3
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Issuance of 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 Delaware 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 Trust Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, representing Preferred Trust Securities having an aggregate Liquidation Amount of $ , against receipt by the Property Trustee of the aggregate purchase price of such Preferred Trust Securities of $ , which amount the Delaware Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, the Delaware Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Common Trust Securities Certificate, registered in the name of the Depositor, representing Common Trust Securities having an aggregate Liquidation Amount of $ , and in satisfaction of the purchase price of such Common Trust 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.
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Issuance of Trust Securities. Section 8.01. Designation and General Provisions Regarding Trust Securities..38 Section 8.02. Subordination of Trust Common Securities.......................40 Section 8.03. Redemption of Trust Securities.................................41 Section 8.04. Redemption Procedures..........................................42 Section 8.05. Voting Rights of Trust Preferred Securities....................43 Section 8.06. Voting Rights Of Trust Common Securities.......................46 Section 8.07. Paying Agent...................................................47 Section 8.08. Acceptance of Guarantees and Agreements........................47
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Issuance of Trust Securities. The Sponsor, 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 Delaware 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 Trust Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, representing 4,000,000 Preferred Trust Securities having an aggregate Liquidation Amount of $100,000,000, against receipt by the Sponsor, on behalf of the Trust, of the aggregate purchase price of such Preferred Trust Securities of $100,000,000, which amount the Sponsor shall promptly deliver to the Trust. Contemporaneously therewith, the Delaware Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Sponsor a Common Trust Securities Certificate, registered in the name of the Sponsor, representing 124,000 Common Trust Securities having an aggregate Liquidation Amount of $3,100,000, and in satisfaction of the purchase price of such Common Trust Securities the Sponsor shall deliver to the Property Trustee the sum of $3,100,000. The Trust Securities may have such additional or different terms specified in an Annex hereto.
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Issuance of Trust Securities 
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Related to Issuance of Trust Securities

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

  • Sale of Trust Shares 1.1 TRUST agrees to make available to the Separate Accounts of LIFE COMPANY shares of the selected Portfolios as listed in Appendix B for investment of proceeds from Variable Contracts allocated to the designated Separate Accounts, such shares to be offered as provided in TRUST's Prospectus.

  • DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans.

  • Execution and Delivery of Trust Securities Certificates At the Time of Delivery, the Administrative Trustees shall cause Trust Securities Certificates, in an aggregate Liquidation Amount as provided in Sections 2.4 and 2.5, to be executed on behalf of the Issuer Trust and delivered to or upon the written order of the Depositor, executed by one authorized officer thereof, without further corporate action by the Depositor, in authorized denominations.

  • 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.

  • 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.

  • Agreed Tax Treatment of Trust and Trust Securities The parties hereto and, by its acceptance or acquisition of a Trust Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Trust Security intend and agree to treat the Trust as a grantor trust for United States federal, state and local tax purposes, and to treat the Trust Securities (including all payments and proceeds with respect to such Trust Securities) as undivided beneficial ownership interests in the Trust Property (and payments and proceeds therefrom, respectively) for United States federal, state and local tax purposes and to treat the Notes as indebtedness of the Depositor for United States federal, state and local tax purposes. The provisions of this Trust Agreement shall be interpreted to further this intention and agreement of the parties.

  • 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.

  • Issuance of the Notes The Notes have been duly authorized and, at the Closing Time, will have been duly executed and, when authenticated, issued and delivered in the manner provided for in the Indenture and delivered against payment of the purchase price therefor as provided in this Agreement, will constitute valid and binding obligations of the Trust, enforceable against the Trust in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting enforcement of creditors’ rights generally and except as enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law), and will be in the form contemplated by, and entitled to the benefits of, the Indenture.

  • Trust Issuance of Series Shares The delivery of Series shares shall be made promptly by a credit to a shareholder's open account for the Series or by delivery of a share certificate. The Trust reserves the right (a) to issue Series shares at any time directly to the shareholders of the Series as a stock dividend or stock split, (b) to issue to such shareholders shares of the Series, or rights to subscribe to shares of the Series, as all or part of any dividend that may be distributed to shareholders of the Series or as all or part of any optional or alternative dividend that may be distributed to shareholders of the Series, and (c) to sell Series shares in accordance with the current applicable prospectus of the Trust relating to the Series shares.

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