Capital Trusts definition

Capital Trusts means, collectively, Capital Trust II and other similar special purpose vehicles established by the Borrower, of which the Borrower holds all of the common securities and other securities having the power to vote generally, which special purpose vehicle issues Capital Securities.

Capital Trusts means, collectively, Capital Trust I, Capital Trust II and other similar special purpose vehicles established by the Borrower, of which the Borrower holds all of the common securities and other securities having the power to vote generally, which special purpose vehicle issues Capital Securities.

Capital Trusts shall have the meaning set forth in Section 6.14.

Examples of Capital Trusts in a sentence

• Transactions in a Covered Account which must be notified to the Compliance department for pre-clearance, regardless of whether the order is placed directly or through a broker/adviser, include the following (“Covered Securities”): • buys or sales of ordinary securities, equivalent securities, venture capital schemes such as Venture Capital Trusts (VCTs), Investment Trusts and Exchange Traded Funds (ETFs), including any of these investments which are held within a product/wrapper.

• The Trust Agreements and the Guarantee Agreement for each of the other CNA Capital Trusts shall be deemed to be specifically described in this Guarantee Agreement for the purposes of clause (i) of the first proviso contained in Section 310(b) of the Trust Indenture Act.

• Each of the Ameriprise Capital Trusts is a duly formed and validly existing statutory trust in good standing under the laws of the State of Delaware.

• In connection with Capital Trust's issuance of the Capital Securities and the related purchase by SAFECO Corporation of all of Capital Trust's common securities (the "Common Securities"), SAFECO Corporation issued to Capital Trust $876.3 principal amount of its 8.072% Junior Subordinated Deferrable Interest Debentures, due July 15, 2037 (the "Subordinated Debentures").

• Executive acknowledges and agrees that the covenants set forth in Part Three hereof are reasonable and necessary for the protection of Capital Trust's business interests, that such covenants will not result in undue economic hardship to Executive, that irreparable injury will result to Capital Trust if Executive breaches any of the terms of said covenants, and that in the event of Executive's actual or threatened breach of any such covenants, Capital Trust will have no adequate remedy at law.

• In connection with these downgrades, Moody’s, S&P and Fitch also downgraded the ratings of the Money Market Committed Preferred Custodial Trust Securities (CPS Securities) issued by Grand Central Capital Trusts I - VI (see Note 18).

• Each of the DRH Capital Trusts is a duly formed and validly existing business trust in good standing under the laws of the State of Delaware.

• Each of the DRH Capital Trusts is a duly formed and validly existing statutory trust in good standing under the laws of the State of Delaware.

• During the first quarter of 2003, net income per share includes a $21 million after-tax ($0.03 per diluted share) charge associated with the Company's redemption of MetLife Capital Trust's mandatorily redeemable capital securities.

• We have deconsolidated the SL Capital Trusts because the primary asset in each of these trusts is a senior debenture issued by us and therefore we do not have exposure or rights to variable returns from our involvement in these entities.