SUBSCRIPTION AND PURCHASE OF DEBENTURES. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 502 and deliver to the Depositor, Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of 77,320 Common Securities having an aggregate Liquidation Amount of $773,200 against payment by the Depositor of such amount. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to $25,773,200, and, 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 $25,773,200.
SUBSCRIPTION AND PURCHASE OF DEBENTURES. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 502 and deliver to the Depositor, Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of Common Securities having an aggregate Liquidation Amount of $---------- against payment by the Depositor of such amount. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to $----------, and, 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 $----------.
SUBSCRIPTION AND PURCHASE OF DEBENTURES. Contemporaneously with the execution of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Junior Debt Securities, registered in the name of the Trust and having an aggregate principal amount equal to $_____________, and, in satisfaction of the purchase price for such Junior Debt Securities, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of $_____________, such amount being the sum of the amounts delivered to the Property Trustee pursuant to Section 2.4 and (ii) the first sentence of this Section 2.5.
SUBSCRIPTION AND PURCHASE OF DEBENTURES. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 502 and deliver to the Depositor, Common Securities Certificates, registered in the name of the Depositor in an aggregate amount of _______________ Common Securities having an aggregate Liquidation Amount of $___________ against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee on behalf of the Trust, shall subscribe to and purchase from the Depositor corresponding amounts of Debentures, registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to $____________ (being the sum of the amounts delivered to the Property Trustee pursuant to (i) the second sentence of Section 204; and (ii) the first sentence of Section 205(a)), and, 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 $__________.
SUBSCRIPTION AND PURCHASE OF DEBENTURES. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 502 and deliver to the Depositor, Common Securities Certificates, registered in the name of the Depositor in an aggregate amount of Ninety-Two Thousand Seven Hundred Eighty-Four (92,784) shares of Common Securities having an aggregate Liquidation Amount of Nine Hundred Twenty-Seven Thousand Eight Hundred Forty Dollars ($927,840) against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee on behalf of the Trust, shall subscribe to and purchase from the Depositor, Debentures registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to Thirty Million Nine Hundred Twenty-Seven Thousand Eight Hundred Forty Dollars ($30,927,840) (being the sum of the amounts delivered to the Property Trustee pursuant to: (i) the second sentence of Section 204; and (ii) the first sentence of Section 205(a)), and, 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 Thirty Million Nine Hundred Twenty-Seven Thousand Eight Hundred Forty Dollars ($30,927,840) (less any amounts due the Underwriters pursuant to the Underwriting Agreement).
SUBSCRIPTION AND PURCHASE OF DEBENTURES. Issuance of ---------------------------------------------------- the Common Securities. Contemporaneously with the execution and delivery of --------------------- this Trust Agreement, (x) the Administrative Trustees, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of the Trust and having an aggregate principal amount equal to $___________, and, 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 $__________, and (y) the Administrative Trustees, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of __________ Common Securities having an aggregate Liquidation Amount of $__________ and, in satisfaction of the purchase price for such Common Securities, the Depositor shall deliver to the Trust the sum of $__________. In the event the overallotment option granted by the Trust with respect to the Preferred Securities pursuant to the Underwriting Agreement is exercised by the underwriters named therein, (x) the Administrative Trustees, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of the Trust and having an aggregate principal amount of up to $__________, and, in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor an amount equal to 100% of the aggregate principal amount of the Debentures being purchased and (y) contemporaneously therewith, the Administrative Trustees, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount (determined on a pro rata basis to the extent the overallotment --- ---- option is exercised) of up to ______ Common Securities having an aggregate Liquidation Amount of up to $__________ and, in satisfaction of the purchase price for such Common Securities, the Depositor shall deliver to the Trust an amount equal to 3% of the aggregate principal amount of the Debentures being purchased.
SUBSCRIPTION AND PURCHASE OF DEBENTURES. Contemporaneously with the issuance of Preferred Securities and Common Securities pursuant to Section 2.4(a) and Section 2.5(a), an Administrative Trustee, on behalf of the Trust, will subscribe to and purchase from the Depositor Debentures registered in the name of the Trust and having an aggregate principal amount equal to $20,618,600 in accordance with the Debenture Purchase Agreement. In satisfaction of the purchase price for such Debentures, the Trust will deliver to the Depositor the sum of $20,618,600.
SUBSCRIPTION AND PURCHASE OF DEBENTURES. Issuance of the Common Securities. Contemporaneously with the execution and delivery of this Trust Agreement, the Administrative Trustees, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of the Trust and having an aggregate principal amount equal to $________, and, in satisfaction of the purchase price for such Debentures, (x) the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of $________, and (y) contemporaneously therewith the Administrative Trustees, on behalf of the Trust, shall execute and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of ______ Common Securities having an aggregate Liquidation Amount of $________. The consideration received by the Trust for the issuance of the Common Securities shall constitute a contribution to the capital of the Trust and shall not constitute a loan to the Trust.
SUBSCRIPTION AND PURCHASE OF DEBENTURES. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 502 and deliver to the Depositor, Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of 34,021 Common Securities having an aggregate Liquidation Amount of $340,210 against payment by the Depositor of such amount. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount equal to $11,340,210, and, 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 $11,340,210.
SUBSCRIPTION AND PURCHASE OF DEBENTURES. Issuance of the -------------------------------------------------------- Common Securities. Contemporaneously with the execution and delivery of this ------------------ Trust Agreement, the Administrative Trustees, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of the Property Trustee (in its capacity as such) and having an aggregate principal amount equal to $[ ], and, 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 $[ ]. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor Common Securities Certificates registered in the name of the Depositor, in an aggregate amount of [ ] Common Securities having an aggregate Liquidation Amount of $[ ] against receipt by the Property Trustee of the aggregate purchase price of such Common Securities from the Depositor of the sum of $[ ].
