TRUST COMMON SECURITIES HOLDER. 25 SECTION 5.1. Debenture Issuer's Receipt of Common Securities...................................25 SECTION 5.2. Covenants of the Common Securities Holder.........................................25 ARTICLE 6 TRUSTEES.......................................................................................25
TRUST COMMON SECURITIES HOLDER. Section 5.1 Debenture Issuer's Purchase of Common Securities. In ------------------------------------------------ accordance with Section 7.1(a), on each Closing Date, the Debenture Issuer will purchase all of the Common Securities issued by the Trust on such Closing Date, for an amount at least equal to 3% of the capital of the Trust at such time, at the same time as Capital Securities issued on such Closing Date are sold. The aggregate stated Liquidation Amount of Common Securities outstanding at any time shall not be less than 3% of the capital of the Trust.
TRUST COMMON SECURITIES HOLDER. SECTION 5.1 Debenture Issuer's Purchase of Common Securities................... 31 SECTION 5.2 Covenants of the Common Securities Holder.......................... 31
TRUST COMMON SECURITIES HOLDER. SECTION 5.1.
TRUST COMMON SECURITIES HOLDER. SECTION 5.1. Debenture Issuer's Receipt of Common Securities. On the Closing Date, the Debenture Issuer will receive all of the Common Securities and all of the Capital Securities issued by the Trust on the same date in exchange for Debentures issued to the Trust by the Debenture Issuer. The Common Securities will be issued in an amount equal to at least 3% of the capital of the Trust. The aggregate stated liquidation amount of Common Securities outstanding at any time shall not be less than 3% of the capital of the Trust.
TRUST COMMON SECURITIES HOLDER. SECTION 5.1 Sponsor's Purchase of Common Securities On the Closing Date the Sponsor will purchase all the Common Securities issued by the Trust, in an aggregate liquidation amount equal to 3% of the total capital of the Trust, at the same time as the Preferred Securities are sold.
TRUST COMMON SECURITIES HOLDER. 10 SECTION 5.1 Sponsor's Purchase of Common Securities......................................................... 10 SECTION 5.2 Covenants of the Common Securities Holder....................................................... 10
TRUST COMMON SECURITIES HOLDER. Section 5.01. [Trust Common Securities Owner]'s Purchase of Trust Common Securities. On the Closing Date the [Trust Common Securities Owner] will purchase all of the Trust Common Securities issued by the Trust, for an amount at least equal to $[1,000], at the same time as the Trust Preferred Securities are sold.
TRUST COMMON SECURITIES HOLDER. Section 5.01. [Trust Common Securities Owner]'s Purchase of Trust Common Securities..............................................32
TRUST COMMON SECURITIES HOLDER. SECTION 5.1 Debenture Issuer's Purchase of Common Securities. On the applicable Closing Date, the Debenture Issuer will purchase all of the Common Securities issued by the Trust on such Closing Date, for an amount at least equal to 3% of the capital of the Trust at such time, at the same time as Preferred Securities are sold; provided that, if the Option set forth in Section 7.13(a) is exercised, then the Debenture Issuer will purchase such additional Common Securities from the Trust on such second Closing Date such that it will then hold at least 3% of the capital of the Trust. The aggregate stated liquidation amount of Common Securities outstanding at any time shall not be less than 3% of the capital of the Trust.
