Asset Trust Preferred Securities definition

Asset Trust Preferred Securities has the meaning set forth in the recitals to this Asset Trust Preferred Guarantee.
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Asset Trust Preferred Securities. {{ means, collectively, the Series A Asset Trust Preferred Securities and the Series B Asset Trust Preferred Securities.
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Asset Trust Preferred Securities has the meaning set forth in the Asset Declaration.
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Examples of Asset Trust Preferred Securities in a sentence

  • Amounts available to Capital Trust for distribution to the Holders of the Capital Trust Preferred Securities will be limited to payments received by Capital Trust from Asset Trust on the Asset Trust Preferred Securities or from the Company on the Capital Trust Guarantee.

  • The aggregate liquidation amount of -------------------------- the Series A Asset Trust Preferred Securities issued on the initial Closing Date is $103,093,000.

  • In the event that the Asset Trust Preferred Securities do not remain in book-entry only form and fewer than all of the outstanding Asset Trust Preferred Securities are to be redeemed, the Asset Trust Preferred Securities shall be redeemed Pro Rata or pursuant to the rules of any securities exchange on which the Asset Trust Preferred Securities are listed.

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  • Multiple requests and directions from and votes of the Depositary as Holder of Asset Trust Preferred Securities in global form with respect to any particular matter shall not be deemed inconsistent to the extent they do not represent an amount of Asset Trust Preferred Securities in excess of those held in the name of the Depositary or its nominee.

  • Holders of Asset Trust Preferred Securities will be given not less than 30 nor more than 60 days notice of such redemption.

  • The Trust Administrators, the Sponsor, and the Asset Trust Common Securities Holder may, in their sole discretion, submit for a vote, approval, or consent of the holders of the Asset Trust Preferred Securities any action or determination to be taken or made by the Trust Administrators, the Sponsor, or the Asset Trust Common Securities Holders.

  • Nothing in this Indenture or in the Debentures, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder, the holders of Indebtedness, the holders of Capital Trust Preferred Securities (to the extent provided herein), the holders of the Asset Trust Preferred Securities (to the extent provided herein) and the Holders of Debentures, any benefit or any legal or equitable right, remedy or claim under this Indenture.

  • THE BANK OF NEW YORK By:______________________________________________ Authorized Signatory [reverse of security] The distribution rate payable on each Capital Trust Preferred Security will be equal to the variable distribution rate per annum of the Asset Trust Preferred Securities.

  • In the event that any Asset Trust Preferred Securities are not in book- entry only form, the Asset Trust shall maintain in the Borough of Manhattan, City of New York, State of New York, an office or agency where the Asset Trust Preferred Securities may be presented for payment ("Paying Agent").

Related to Asset Trust Preferred Securities

  • Trust Preferred Securities any preferred securities issued by a Trust Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Preferred Securities has the meaning specified in the first recital of this Indenture.

  • Capital Securities means undivided beneficial interests in the assets of the Trust which rank pari passu with Common Securities issued by the Trust; provided, however, that upon the occurrence and continuance of an Event of Default (as defined in the Declaration), the rights of holders of such Common Securities to payment in respect of distributions and payments upon liquidation, redemption and otherwise are subordinated to the rights of holders of such Capital Securities.

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Hybrid Preferred Securities means any preferred securities issued by a Hybrid Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Common Securities means the securities representing common undivided beneficial interests in the assets of the Issuer.

  • Non Book-Entry Preferred Securities shall have the meaning set forth in Section 2.4.

  • Book-Entry Preferred Securities Certificates means a beneficial interest in the Preferred Securities Certificates, ownership and transfers of which shall be made through book entries by a Clearing Agency as described in Section 5.11.

  • Trust Securities means the Common Securities and the Capital Securities.

  • Preferred Securities Certificate means a certificate evidencing ownership of Preferred Securities, substantially in the form attached as Exhibit C.

  • Hybrid Preferred Securities Subsidiary means any Delaware business trust (or similar entity) (i) all of the common equity interest of which is owned (either directly or indirectly through one or more wholly-owned Subsidiaries of the Company) at all times by the Company or a wholly-owned direct or indirect Subsidiary of the Company, (ii) that has been formed for the purpose of issuing Hybrid Preferred Securities and (iii) substantially all of the assets of which consist at all times solely of Junior Subordinated Debt issued by the Company or a wholly-owned direct or indirect Subsidiary of the Company (as the case may be) and payments made from time to time on such Junior Subordinated Debt.

  • Series D Notes is defined in Section 1.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Series A Debentures means the 8.675% Series A Junior Subordinated Deferrable Interest Debentures due February 1, 2027 of the Debenture Issuer issued pursuant to the Indenture.

  • Definitive Preferred Securities Certificates means Preferred Securities issued in certificated, fully registered form that are not Global Preferred Securities.

  • Series A Securities means the Company's Series A 9 3/8% Junior Subordinated Deferrable Interest Debentures due May 1, 2028 as authenticated and issued under this Indenture.

  • Trust Common Securities means the securities representing common undivided beneficial interests in the assets of the Trust.

  • Preferred Security means an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $1,000 and having the rights provided therefor in this Trust Agreement.

  • NIM Securities As defined in the tenth Recital to this Agreement.

  • Non Book-Entry Capital Securities shall have the meaning set forth in Section 2.05.

  • UST Preferred Stock means the Issuer’s Fixed Rate Cumulative Perpetual Preferred Stock, Series [●].

  • ETP Securities means the Series of ETP Securities to which these Conditions relates or, as the context may require, any or all securities issued by the Issuer under the Programme.

  • Capital Securities Guarantee Trustee means The Bank of New York, a New York banking corporation, until a Successor Capital Securities Guarantee Trustee has been appointed and has accepted such appointment pursuant to the terms of this Capital Securities Guarantee and thereafter means each such Successor Capital Securities Guarantee Trustee.

  • Series C Notes is defined in Section 1.

  • Capital Securities Certificate means a certificate evidencing ownership of Capital Securities, substantially in the form attached as Exhibit D.

  • Successor Capital Securities Guarantee Trustee means a successor Capital Securities Guarantee Trustee possessing the qualifications to act as Capital Securities Guarantee Trustee under Section 4.1.