Common use of Right of Redemption of Securities Initially Issued to the Issuer Trust Clause in Contracts

Right of Redemption of Securities Initially Issued to the Issuer Trust. The Company, at its option, may redeem such Securities (i) on or after ____________, 2002, in whole at any time or in part from time to time, or (ii) upon the occurrence and during the continuation of a Tax Event, an Investment Company Event or a Capital Treatment Event, at any time within 90 days following the occurrence and during the continuation of such Tax Event, Investment Company Event or Capital Treatment Event, in whole (but not in part), in each case at a Redemption Price specified in such Security, together with accrued interest (including Additional Interest) to the Redemption Date. If less than all the Securities are to be redeemed, the aggregate principal amount of such Securities remaining Outstanding after giving effect to such redemption shall be sufficient to satisfy any provisions of the Trust Agreement.

Appears in 2 contracts

Samples: Junior Subordinated Indenture (Fb Capital Trust), Junior Subordinated Indenture (Sun Capital Trust)

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Right of Redemption of Securities Initially Issued to the Issuer Trust. The Company, at its option, may redeem such Securities (i) on or after ____________, 2002, in whole at any time or in part from time to time, or (ii) upon the occurrence and during the continuation of a Tax Event, an Investment Company Event or a Capital Treatment Event, at any time within 90 days following the occurrence and during the continuation of such Tax Event, Investment Company Event or Capital Treatment Event, in whole (but not in part), in each case at a Redemption Price specified in such Security, together with accrued interest (including Additional Interest) to the Redemption Date. If less than all the Securities are to be redeemed, the aggregate principal amount of such Securities remaining Outstanding after giving effect to such redemption shall be sufficient to satisfy any provisions of the Trust Agreement.

Appears in 2 contracts

Samples: Junior Subordinated Indenture (GCB Capital Trust), Junior Subordinated Indenture (BNB Capital Trust)

Right of Redemption of Securities Initially Issued to the Issuer Trust. The Company, at its option, may redeem such Securities (i) on or after ___________ __, 2002, in whole at any time or in part from time to time, or (ii) upon the occurrence and during the continuation of a Tax Event, an Investment Company Event or a Capital Treatment Event, at any time within 90 days following the occurrence and during the continuation of such Tax Event, Investment Company Event or Capital Treatment Event, in whole (but not in part), in each case at a Redemption Price specified in such Security, together with accrued interest (including Additional Interest) to the Redemption Date. If less than all the Securities are to be redeemed, the aggregate principal amount of such Securities remaining Outstanding after giving effect to such redemption shall be sufficient to satisfy any provisions of the Trust Agreement.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Greater Community Bancorp)

Right of Redemption of Securities Initially Issued to the Issuer Trust. The Company, at its option, may redeem such Securities (i) on or after _________ __, ____, 2002, in whole at any time or in part from time to time, or (ii) upon the occurrence and during the continuation of a Tax Event, an Investment Company Event or a Capital Treatment Event, at any time within 90 days following the occurrence and during the continuation of such Tax Event, Investment Company Event or Capital Treatment Event, in whole (but not in part), in each case at a Redemption Price specified in such Security, together with accrued interest (including Additional Interest) to the Redemption Date. If less than all the Securities are to be redeemed, the aggregate principal amount of such Securities remaining Outstanding after giving effect to such redemption shall be sufficient to satisfy any provisions of the Trust Agreement.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Gold Banc Corp Inc)

Right of Redemption of Securities Initially Issued to the Issuer Trust. (a) The Company, at its option, may redeem such Securities (i) on or after ___________ __, 20022003, in whole at any time or in part from time to time, or (ii) upon the occurrence and during the continuation of a Tax Event, an Investment Company Event or a Capital Treatment Event, at any time within 90 days following the occurrence and during the continuation of such Tax Event, Investment Company Event or Capital Treatment Event, in whole (but not in part), in each case at a Redemption Price specified in such Security, together with accrued interest (including Additional Interest) to the Redemption Date. . (b) If less than all the Securities are to be redeemed, the aggregate principal amount of such Securities remaining Outstanding after giving effect to such redemption shall be sufficient to satisfy any provisions of the Trust Agreement.

Appears in 1 contract

Samples: Junior Subordinated Indenture (American Bancshares Inc \Fl\)

Right of Redemption of Securities Initially Issued to the Issuer Trust. (a) The Company, at its option, may redeem such Securities (i) on or after ____________, 20022004, in whole at any time or in part from time to time, or (ii) upon the occurrence and during the continuation of a Tax Event, an Investment Company Event or a Capital Treatment Event, at any time within 90 days following the occurrence and during the continuation of such Tax Event, Investment Company Event or Capital Treatment Event, in whole (but not in part), in each case at a Redemption Price specified in such Security, together with accrued interest (including Additional Interest) to the Redemption Date. . (b) If less than all the Securities are to be redeemed, the aggregate principal amount of such Securities remaining Outstanding after giving effect to such redemption shall be sufficient to satisfy any provisions of the Trust Agreement.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Gbci Capital Trust Ii)

Right of Redemption of Securities Initially Issued to the Issuer Trust. (a) The Company, at its option, may redeem such Securities (i) on or after ______________, 20022003, in whole at any time or in part from time to time, or (ii) upon the occurrence and during the continuation of a Tax Event, an Investment Company Event or a Capital Treatment Event, at any time within 90 days following the occurrence and during the continuation of such Tax Event, Investment Company Event or Capital Treatment Event, in whole (but not in part), in each case at a Redemption Price specified in such Security, together with accrued interest (including Additional Interest) to the Redemption Date. . (b) If less than all the Securities are to be redeemed, the aggregate principal amount of such Securities remaining Outstanding after giving effect to such redemption shall be sufficient to satisfy any provisions of the Trust Agreement.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Sun Capital Trust Ii)

Right of Redemption of Securities Initially Issued to the Issuer Trust. (a) The Company, at its option, may redeem such Securities (i) on or after ___________ __, 20022003, in whole at any time or in part from time to time, or (ii) upon the occurrence and during the continuation of a Tax Event, an Investment Company Event or a Capital Treatment Event, at any time within 90 days following the occurrence and during the continuation of such Tax Event, Investment Company Event or Capital Treatment Event, in whole (but not in part), in each case at a Redemption Price specified in such Security, together with accrued interest (including Additional Interest) to the Redemption Date. . (b) If less than all the Securities are to be redeemed, the aggregate principal amount of such Securities remaining Outstanding after giving effect to such redemption shall be sufficient to satisfy any provisions of the Trust Agreement.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Mason Dixon Capital Trust Ii)

Right of Redemption of Securities Initially Issued to the Issuer Trust. (a) The Company, at its option, may redeem such Securities (i) on or after _____________, 20022005, in whole at any time or in part from time to time, or (ii) upon the occurrence and during the continuation of a Tax Event, an Investment Company Event or a Capital Treatment Event, at any time within 90 days following the occurrence and during the continuation of such Tax Event, Investment Company Event or Capital Treatment Event, in whole (but not in part), in each case at a Redemption Price specified in such Security, together with accrued interest (including Additional Interest) to the Redemption Date. . (b) If less than all the Securities are to be redeemed, the aggregate principal amount of such Securities remaining Outstanding after giving effect to such redemption shall be sufficient to satisfy any provisions of the Trust Agreement.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Provident Trust Ii)

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Right of Redemption of Securities Initially Issued to the Issuer Trust. The Company, at its option, may redeem such Securities (i) on or after ______________, 2002, in whole at any time or in part from time to time, or (ii) upon the occurrence and during the continuation of a Tax Event, an Investment Company Event or a Capital Treatment Event, at any time within 90 days following the occurrence and during the continuation of such Tax Event, Investment Company Event or Capital Treatment Event, in whole (but not in part), in each case at a Redemption Price specified in such Security, together with accrued interest (including Additional Interest) to the Redemption Date. If less than all the Securities are to be redeemed, the aggregate principal amount of such Securities remaining Outstanding after giving effect to such redemption shall be sufficient to satisfy any provisions of the Trust Agreement.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Pfbi Capital Trust)

Right of Redemption of Securities Initially Issued to the Issuer Trust. (a) The Company, at its option, may redeem such Securities (i) on or after ___________ __, 20022004, in whole at any time or in part from time to time, or (ii) upon the occurrence and during the continuation of a Tax Event, an Investment Company Event or a Capital Treatment Event, at any time within 90 days following the occurrence and during the continuation of such Tax Event, Investment Company Event or Capital Treatment Event, in whole (but not in part), in each case at a Redemption Price specified in such Security, together with accrued interest (including Additional Interest) to the Redemption Date. . (b) If less than all the Securities are to be redeemed, the aggregate principal amount of such Securities remaining Outstanding after giving effect to such redemption shall be sufficient to satisfy any provisions of the Trust Agreement.

Appears in 1 contract

Samples: Junior Subordinated Indenture (First Star Capital Trust)

Right of Redemption of Securities Initially Issued to the Issuer Trust. The Company, at its option, may redeem such Securities (i) on or after ____________June 30, 2002, in whole at any time or in part from time to time, or (ii) upon the occurrence and during the continuation of a Tax Event, an Investment Company Event or a Capital Treatment Event, at any time within 90 days following the occurrence and during the continuation of such Tax Event, Investment Company Event or Capital Treatment Event, in whole (but not in part), in each case at a Redemption Price specified in such Security, together with accrued interest (including Additional Interest) to the Redemption Date. If less than all the Securities are to be redeemed, the aggregate principal amount of such Securities remaining Outstanding after giving effect to such redemption shall be sufficient to satisfy any provisions of the Trust Agreement.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Broad National Bancorporation)

Right of Redemption of Securities Initially Issued to the Issuer Trust. (a) The Company, at its option, may redeem such Securities (i) on or after ____________, 20022007, in whole at any time or in part from time to time, or (ii) upon the occurrence and during the continuation of a Tax Event, Event or an Investment Company Event or a Capital Treatment Event, at any time within 90 days following the occurrence and during the continuation of such Tax Event, Event or Investment Company Event or Capital Treatment Event, in whole (but not in part), in each case at a Redemption Price specified in such Security, together with accrued interest (including Additional Interest) to the Redemption Date. . (b) If less than all the Securities are to be redeemed, the aggregate principal amount of such Securities remaining Outstanding after giving effect to such redemption shall be sufficient to satisfy any provisions of the Trust Agreement.

Appears in 1 contract

Samples: Junior Subordinated Indenture (American Safety Insurance Group LTD)

Right of Redemption of Securities Initially Issued to the Issuer Trust. (a) The Company, at its option, may redeem such Securities (i) on or after ____________, 20022006, in whole at any time or in part from time to time, or (ii) upon the occurrence and during the continuation of a Tax Event, Event or an Investment Company Event or a Capital Treatment Event, at any time within 90 180 days following the occurrence and during the continuation of such Tax Event, Event or Investment Company Event or Capital Treatment Event, in whole (but not in part), in each case at a Redemption Price specified in such Security, together with accrued interest (including Additional Interest) to the Redemption Date. . (b) If less than all the Securities are to be redeemed, the aggregate principal amount of such Securities remaining Outstanding after giving effect to such redemption shall be sufficient to satisfy any provisions of the Trust Agreement.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Sman Capital Trust 1)

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