Common use of TRUST COMMON SECURITIES HOLDER Clause in Contracts

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. SECTION 5.1 5.1. Sponsor's Purchase of Common Securities On Securities. At the Closing Date Date, pursuant to the Common Securities Subscription Agreement, the Sponsor will purchase all of the Common Securities issued by the Trust, in an aggregate liquidation amount equal to at least 3% of the total capital of the Trust, at the same time as the Preferred Capital Securities are issued and sold.