Purchase of Debentures. Contemporaneously with the execution and delivery of this Trust Agreement (i) the Administrative Trustee, on behalf of the Trust, shall purchase $__________ aggregate principal amount of Debentures from the Depositor, registered in the name of the Trust and (ii) in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of $__________.
Appears in 4 contracts
Samples: Trust Agreement (Public Service Enterprise Group Inc), Trust Agreement (Pse&g Capital Trust Iii), Trust Agreement (Pseg Power Capital Trust V)
Purchase of Debentures. Contemporaneously with the execution and delivery of this Trust Agreement (i) the Administrative Trustee, on behalf of the Trust, shall purchase $___________ aggregate principal amount of Debentures from the Depositor, registered in the name of the Trust and (ii) in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor 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)
Purchase of Debentures. Contemporaneously with the execution and delivery of this Trust Agreement (i) the Administrative Trustee, on behalf of the Trust, shall purchase $______________ aggregate principal amount of Debentures from the Depositor, registered in the name of Wachovia Bank, National Association, not in its individual capacity, but solely as Property Trustee for the Trust and (ii) in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of $____________.
Appears in 3 contracts
Samples: Trust Agreement (Pse&g Capital Trust Iii), Trust Agreement (Pse&g Capital Trust Iii), Trust Agreement (Pse&g Capital Trust Iii)
Purchase of Debentures. Contemporaneously with the execution and delivery of this Trust Agreement (i) Agreement, the Administrative TrusteeRegular Trustees, on behalf of the Trust, shall purchase $__________ aggregate principal amount of Debentures from the DepositorCompany, all of which Debentures shall be registered in the name of the Trust Property Trustee on behalf of the Trust, and (ii) in satisfaction of the purchase price for such Debentures, shall cause the Property Trustee, on behalf of the Trust, shall to deliver to the Depositor the sum of $____________ to the Depositor, representing the proceeds of the Trust Securities.
Appears in 1 contract
