Common use of Preferred Securities Clause in Contracts

Preferred Securities. [Up to]_______ Preferred Securities of the Trust, with an aggregate liquidation amount with respect to the assets of the Trust of [up to] ________ dollars ($_________), and with a Liquidation Amount with respect to the assets of the Trust of $ ___ per security, are hereby designated for the purposes of identification only as "[___%] [Floating Rate] Preferred Securities" (the "Preferred Securities"). The certificates evidencing the Preferred Securities shall be substantially in the form of Exhibit A-1 to the Agreement, with such changes and additions thereto or deletions therefrom as may be required by ordinary usage, custom or practice or to conform to the rules of any stock exchange or quotation system on which the Preferred Securities are listed or quoted.

Appears in 3 contracts

Samples: Trust Agreement (Hercules Inc), Trust Agreement (Hercules Inc), Trust Agreement (Hercules Inc)

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Preferred Securities. [Up to]to ___________ Preferred Securities of the Trust, with an aggregate liquidation amount with respect to the assets of the Trust of [up to] ________________________ dollars ($_____________________), and with a Liquidation Amount with respect to the assets of the Trust of $ ___ per security, are hereby designated for the purposes of identification only as "[___%] [Floating Rate] __% Preferred Securities" (the "Preferred Securities"). The certificates evidencing the Preferred Securities shall be substantially in the form of Exhibit A-1 to the Agreement, with such changes and additions thereto or deletions therefrom as may be required by ordinary usage, custom or practice or to conform to the rules of any stock exchange or quotation system on which the Preferred Securities are listed or quoted.

Appears in 2 contracts

Samples: Trust Agreement (Cox Trust Ii), Trust Agreement (Radio One Licenses LLC)

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Preferred Securities. [Up to]_______ Preferred Securities of the Trust, with an aggregate liquidation amount with respect to the assets of the Trust of [up to] ________ dollars ($_________), and with a Liquidation Amount with respect to the assets of the Trust of $ ___ per security, are hereby designated for the purposes of identification only as "[___%] [Floating Rate] Preferred Securities" (the "Preferred Securities"). The certificates evidencing the Preferred Securities shall be substantially in the form of Exhibit A-1 to the Agreement, with such changes and additions thereto or deletions therefrom as may be required by ordinary usage, custom or practice or to conform to the rules of any stock exchange or quotation system on which the Preferred Securities are listed or quoted.

Appears in 1 contract

Samples: Trust Agreement (Hercules Inc)

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