Sponsor's Purchase of Common Securities. On the Closing Date at the same time as the Preferred Securities are sold, the Sponsor will purchase all of the Common Securities issued by the Trust.
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Samples: Trust Agreement (Berkley W R Corp), Trust Agreement (Berkley W R Corp)
Sponsor's Purchase of Common Securities. On the Closing Date at the same time as the Preferred Securities are soldDate, the Sponsor will purchase _______ Common Securities, being all of the Common Securities issued by the TrustTrust on the Closing Date and representing approximately 3% of the total capital of the Trust after issuance of the Convertible Preferred Securities on the Closing Date.
Appears in 1 contract
Samples: Exchange Agreement (Insignia Financial Group Inc /De/)
Sponsor's Purchase of Common Securities. On the Closing Date at the same time as the Preferred Securities are soldDate, --------------------------------------- the Sponsor will purchase all of the Common Securities issued by the Trust in an amount at least equal to 3% of the capital of the Trust, at the same time as the Capital Securities are sold.
Appears in 1 contract
Samples: Prosperity Bancshares Inc
Sponsor's Purchase of Common Securities. On the Closing Date at the same time as the Preferred Securities are soldDate, the Sponsor will purchase all of the Common Securities issued by the TrustTrust at the same time as the Trust Preferred Securities are issued.
Appears in 1 contract