Accreted Liquidation Amount definition

Accreted Liquidation Amount means per Trust Security (i) through the Reset Date, $1,000 (which is also the Initial Liquidation Amount per Trust Security) and (ii) thereafter, an amount equal to the Accreted Principal Amount of a Like Amount of Debentures as determined pursuant to the Indenture (changing as and when such Accreted Principal Amount shall change).
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Accreted Liquidation Amount means the Accreted Liquidation Amount, calculated as described above, as of the Reset Date.
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Accreted Liquidation Amount means, at any date, the sum of the initial purchase price of a Preferred Security (i.e. $741.46) plus accrual of the discount (i.e. the difference between the Scheduled Liquidation Amount of $1,000 payable in respect of such Preferred Security on June 30, 2029 and such initial purchase price), calculated from July 27, 1999 to the date of calculation on a quarterly bond equivalent yield basis using a 360-day year of twelve 30-day months until such sum equals $1,000 on June 30, 2029; provided, however, if the Preferred Securities are Remarketed, then, at all times on and after the Reset Date, the term "Accreted Liquidation Amount" shall mean the Accreted Liquidation Amount, calculated as described above, as of the Reset Date.
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Examples of Accreted Liquidation Amount in a sentence

  • Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to any particular Trust Security may do so with regard to all or any part of the Accreted Liquidation Amount of such Trust Security or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such Accreted Liquidation Amount.

  • The Property Trustee, however, shall call a meeting of the Holders of the Trust Preferred Securities to vote on any matter upon the written request of the Holders of at least 25% in aggregate Accreted Liquidation Amount of the Outstanding Trust Preferred Securities and the Administrative Trustees or the Property Trustee may, at any time in their discretion, call a meeting of the Holders of the Trust Preferred Securities to vote on any matters as to which such Holders are entitled to vote.

  • Any action that may be taken by Holders at a meeting may be taken without a meeting if Holders holding at least a Majority in Accreted Liquidation Amount of all Trust Preferred Securities entitled to vote in respect of such action (or such larger proportion thereof as shall be required by any other provision of this Trust Agreement) shall consent to the action in writing.

  • If a quorum is present at a meeting, an affirmative vote by the Holders present, in person or by proxy, holding Trust Preferred Securities representing at least a Majority in Accreted Liquidation Amount of the Trust Preferred Securities held by the Holders present, either in person or by proxy, at such meeting shall constitute the action of the Holders of the Trust Preferred Securities, unless this Trust Agreement requires a greater number of affirmative votes.

  • The Holders of at least a Majority in Accreted Liquidation Amount of the Trust Preferred Securities, present in person or by proxy, shall constitute a quorum at any meeting of the Holders of the Trust Preferred Securities.

  • The Holders of at least a Majority in Accreted Liquidation Amount of the Trust Preferred Securities may, on behalf of the Holders of all the Trust Preferred Securities, waive any past default or Event of Default and its consequences, other than an Event of Default arising from the nonpayment of amounts that shall have become due by the terms of this Guarantee Agreement.

  • So long as the Debentures are held by the Property Trustee on behalf of the Trust, with respect to any waiver, amendment or similar action that requires the consent of the Holders of the Debentures under the Indenture, the Property Trustee shall act at the written direction of the Holders of a Majority in Accreted Liquidation Amount of the Trust Preferred Securities (unless a different percentage of Holders shall be specified in the Indenture with respect to such action).

  • The Property Trustee shall promptly notify the Securities Registrar in writing of the Trust Preferred Securities selected for redemption and, in the case of any Trust Preferred Securities selected for partial redemption, the Accreted Liquidation Amount thereof to be redeemed.

  • Except with respect to any changes that do not adversely affect the rights of the Holders in any material respect (in which case no consent of the Holders will be required), this Guarantee Agreement may only be amended with the prior approval of the Holders of not less than a Majority in Accreted Liquidation Amount of the Trust Preferred Securities.

  • In such event, on the date of the dissolution, winding-up or other termination of the Issuer Trust, Holders will be entitled to receive out of the assets of the Issuer Trust available for distribution to Holders, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, an amount equal to the Accreted Liquidation Amount per Trust Security plus accumulated and unpaid Distributions thereon to the date of payment (such amount being the “Liquidation Distribution”).