Common use of Trust Preferred Securities Clause in Contracts

Trust Preferred Securities. On the initial Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the underwriters named in the underwriting agreement relating to such Trust Preferred Securities, a Trust Preferred Securities Certificate or Certificates, registered in the name of the initial Depositary or its nominee, in an initial aggregate amount of 15,400,000 Trust Preferred Securities. Pursuant to the procedures established in an Officer’s Certificate, the Trust may subsequently issue from time to time Tranches of Trust Preferred Securities. The Trust Preferred Securities issued on the initial Closing Date shall have an aggregate Liquidation Amount with respect to the assets of the Trust of Three Hundred Eighty-Five Million dollars ($385,000,000) with respect to the initial closing of the sale of Trust Preferred Securities. The Trust Preferred Securities and any subsequent Tranches thereof are hereby designated for identification purposes only as “Virginia Power Capital Trust II 7.375% Trust Preferred Securities” (the “Trust Preferred Securities”). The Trust Preferred Security Certificates evidencing the Trust Preferred Securities shall be substantially in the form of Exhibit A to this Trust Agreement, with such changes and additions thereto or deletions therefrom as may be required by ordinary usage, custom or practice or to conform to the rules of any stock exchange on which the Trust Preferred Securities are listed or quoted.

Appears in 1 contract

Samples: Trust Agreement (Virginia Electric & Power Co)

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Trust Preferred Securities. On the initial Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the underwriters named in the underwriting agreement relating to such Trust Preferred Securities, a Trust Preferred Securities Certificate or Certificates, registered in the name of the initial Depositary or its nominee, in an initial aggregate amount of 15,400,000 12,000,000 Trust Preferred Securities. Pursuant to Securities against receipt of the procedures established purchase price specified in an Officer’s Certificate, the Trust may subsequently issue from time to time Tranches of Trust Preferred Securitiesunderwriting agreement. The Trust Preferred Securities issued on the initial Closing Date shall have an aggregate Liquidation Amount with respect to the assets of the Trust of Three Hundred Eighty-Five Million dollars ($385,000,000) with respect 300,000,000). Pursuant to the initial closing of procedures established in an Officers' Certificate, the sale Trust may subsequently issue from time to time Tranches of Trust Preferred Securities. The Trust Preferred Securities and any subsequent Tranches thereof are hereby designated for identification purposes only as “Virginia Power "Dominion Resources Capital Trust II 7.3758.4% Trust Preferred Securities" (the "Trust Preferred Securities"). The Trust Preferred Security Certificates evidencing the Trust Preferred Securities shall be substantially in the form of Exhibit A to this Trust Agreement, with such changes and additions thereto or deletions therefrom as may be required by ordinary usage, custom or practice or to conform to the rules of any stock exchange on which the Trust Preferred Securities are listed or quoted.

Appears in 1 contract

Samples: Trust Agreement (Dominion Resources Inc /Va/)

Trust Preferred Securities. On the initial Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the underwriters named in the underwriting agreement relating to such Trust Preferred Securities, a Trust Preferred Securities Certificate or Certificates, registered in the name of the initial Depositary or its nominee, in an initial aggregate amount of 15,400,000 ______ Trust Preferred Securities. Pursuant to Securities against receipt of the procedures established purchase price specified in an Officer’s Certificate, the Trust may subsequently issue from time to time Tranches of Trust Preferred Securitiesunderwriting agreement. The Trust Preferred Securities issued on the initial Closing Date shall have an aggregate Liquidation Amount with respect to the assets of the Trust of Three Hundred Eighty-Five Million _________ dollars ($385,000,000) with respect _________). Pursuant to the initial closing of procedures established in an Officers' Certificate, the sale Trust may subsequently issue from time to time Tranches of Trust Preferred Securities. The Trust Preferred Securities and any subsequent Tranches thereof are hereby designated for identification purposes only as “Virginia Power "Xxxxxx Capital Trust II 7.375__% Trust Preferred Securities" (the "Trust Preferred Securities"). The Trust Preferred Security Certificates evidencing the Trust Preferred Securities shall be substantially in the form of Exhibit A to this Trust Agreement, with such changes and additions thereto or deletions therefrom as may be required by ordinary usage, custom or practice or to conform to the rules of any stock exchange or quotation system on which the Trust Preferred Securities are listed or quoted.

Appears in 1 contract

Samples: Trust Agreement (Markel Corp)

Trust Preferred Securities. On the initial Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the underwriters named in the underwriting agreement relating to such Trust Preferred Securities, a Trust Preferred Securities Certificate or Certificates, registered in the name of the initial Depositary or its nominee, in an initial aggregate amount of 15,400,000 Trust Preferred Securities. Pursuant to Securities against receipt of the procedures established purchase price specified in an Officer’s Certificate, the Trust may subsequently issue from time to time Tranches of Trust Preferred Securitiesunderwriting agreement. The Trust Preferred Securities issued on the initial Closing Date shall have an aggregate Liquidation Amount with respect to the assets of the Trust of Three Hundred Eighty-Five Million dollars ($385,000,000) with respect $ ). Pursuant to the initial closing of procedures established in an Officers’ Certificate, the sale Trust may subsequently issue from time to time Tranches of Trust Preferred Securities. The Trust Preferred Securities and any subsequent Tranches thereof are hereby designated for identification purposes only as “Virginia Power CSX Capital Trust II 7.375I % Trust Preferred Securities” (the “Trust Preferred Securities”). The Trust Preferred Security Certificates evidencing the Trust Preferred Securities shall be substantially in the form of Exhibit A to this Trust Agreement, with such changes and additions thereto or deletions therefrom as may be required by ordinary usage, custom or practice or to conform to the rules of any stock exchange or quotation system on which the Trust Preferred Securities are listed or quoted.

Appears in 1 contract

Samples: Trust Agreement (CSX Capital Trust 1)

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Trust Preferred Securities. On the initial Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the underwriters named in the underwriting agreement relating to such Trust Preferred Securities, a Trust Preferred Securities Certificate or Certificates, registered in the name of the initial Depositary or its nominee, in an initial aggregate amount of 15,400,000 ______ Trust Preferred Securities. Pursuant to Securities against receipt of the procedures established purchase price specified in an Officer’s Certificate, the Trust may subsequently issue from time to time Tranches of Trust Preferred Securitiesunderwriting agreement. The Trust Preferred Securities issued on the initial Closing Date shall have an aggregate Liquidation Amount with respect to the assets of the Trust of Three Hundred Eighty-Five Million _________ dollars ($385,000,000) with respect _________). Pursuant to the initial closing of procedures established in an Officers' Certificate, the sale Trust may subsequently issue from time to time Tranches of Trust Preferred Securities. The Trust Preferred Securities and any subsequent Tranches thereof are hereby designated for identification purposes only as “Virginia Power "CSX Capital Trust II 7.375I __% Trust Preferred Securities" (the "Trust Preferred Securities"). The Trust Preferred Security Certificates evidencing the Trust Preferred Securities shall be substantially in the form of Exhibit A to this Trust Agreement, with such changes and additions thereto or deletions therefrom as may be required by ordinary usage, custom or practice or to conform to the rules of any stock exchange or quotation system on which the Trust Preferred Securities are listed or quoted.

Appears in 1 contract

Samples: Trust Agreement (CSX Capital Trust 1)

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